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Pros and cons of moving back in with parents

September 2016 Advice News Property

Source: Domain.com.au

I’ll never forget the day I packed my things and moved out of home – bittersweet is the only way I can describe it.

On the one hand I was becoming a legit adult, like I had my very own microwave – baller. On the other, I was leaving behind Mum, Dad, Claire and Jack (the loves of my life) and the comfort and security of my family home. I don’t enjoy change at the best of times so you can imagine my mixed emotions at the uncertainty of what was to come. How do I wash my expensive things? How on earth does one cut a capsicum? Was I even capable of feeding myself? So. Many. Questions. One thing I was sure of, though, was that I would never live at home again.

Nonetheless, after two years of living out of home and complaining about being poor, my parents – out of nowhere – hit me up with an offer: “Would you and Thomas like to move in with us for six to 12 months to save money?” Sorry, what? I didn’t know whether to be offended or grateful.

After Thomas and I gathered our jaws off the floor, we found ourselves – dare I say it – mulling the idea over. For real. But it seems we aren’t the only ones. In 2015, the Australian Bureau of Statistics revealed that 22 per cent of adults aged 22 to 34 years of age had left home and returned at least once. Don’t get me wrong, having the opportunity to do that is a privilege. But is it a privilege that could backfire?

Below are some pros and cons, along with Thomas’ thoughts . . .

PROS

We’d be rich

Well, kind of. Let’s be real, saving any kind of money on an average salary while you’re enjoying a balanced lifestyle and paying rent is near impossible. Moving back home would allow Thomas and I to save a lot of dosh. It would give us the chance to get ahead – afford a holiday with lots left over, put a deposit on a house, or even just build a money mountain for later on in life. The possibilities give me tingles.

View the full article here: www.domain.com.au/news/pros-and-cons-of-moving-back-in-with-parents