Age 28, I have decided to move back home near a new job to save money. I am sick of spending $2,300 on rent every month for a 1 bedroom apartment in DC area. I am committing myself to 1 year living with family, and saving every penny I can and putting it towards a house down payment. Will be tough living with family in the home I grew up in, and I don't have the freedom and independence of living alone, but I decided in 10 years, I will likely be glad I did. Anyone else done something like this?

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Respect. You're thinking practically. That's a sign of maturity.

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This is a strategic decision. By maintaining focus on your objectives, and upon achieving financial stability in your new residence, you will undoubtedly value the minor sacrifices made today.

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As a girl this is giving ick

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Tell me you grew up wealthy without telling me you grew up wealthy

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Put your boundaries, help housing costs, be respectful and save as much as you can for as long as you can. If you end up having a good experience, your wealth will be decades ahead of your peers. Also don’t forget that individuality and surviving on your own were just dreams in the US and Western Europe. Rest of the world never created enough disposable income to actually move out and ended up moving out when they were getting married. We are just catching up with that 🙃

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May vary by circles but this was pretty common amongst mine. Some had the chance to do this early on as job didn’t require relocation others couldn’t had to relocate and did it later. I did around your same age; just have specific goal in mind and stick to, don’t move in just to blow it away lol.

Not sure if your concern was perception or just validation, but yes it is a sound economical plan if executed accordingly.

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I did this and then bought a house. I was able to get away for weekends to visit friends which kept me sane. If you are traveling for work that will also help you get time away. Was worth it for me.

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How many years did u do it for?

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Agree. I did this a few years back which opened me up for the option to buy my first house before the age of 30. One year turned into three years due to the 2020-2023 frenzy. Eventually found the right house for the right price and still had 6 months of savings just in case I was laid off.

If you have the opportunity to move home for a couple of years to save money. Absolutely do so.

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I think you’re totally right from the practical standpoint. What’s hard is, when I look back 27-30 were extremely formative years for me. I said yes to all kinds of random opportunities and would decide to join friends for things at the drop of a hat. That type of life experience and freedom were impossible for me in my small town suburban childhood home, so paying to live in Manhattan was so worth it.

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As for reassurance, fuck it feeling weird, if you move and save up etc., future you will thank present you when you’re prepared to buy a house or whatever other big purchase you desire.

The value of what you do with the freedom of living alone justifies the cost. Sounds like you have no life. If you are only going to work and going home and scrolling on your phone, and you have no intention to change, then moving back home with family makes sense. If you have a life that might involve coming and going at various hours of the night, having friends over, nighttime guests, etc, and you don't want a ton of questions from your family like why you're out so late, who those people are, then it might be better to stay on your own.

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Be better make more money

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I have friends who think like this lol

People do this all the time. Do what you need to do to stay sane living with your family but anyone acting like moving home to save for a down payment isn’t common is nuts

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Anyone who is giving you a hard time for moving back home momentarily isn’t someone that I would pay any mind to. Things are incredibly expensive right now and getting more and more expensive as time goes on. Not everyone has the opportunity to take advantage of momentarily taking some time to cushion themselves or their goals like that. With how expensive just renting a place to live is continuing to get and how much cost of living is rising as well, it’s not a bad idea to save as much as you can to put a down payment on a home for yourself. In my area, a studio apartment averages between $1,200 and $1,500. Putting a year of that aside for a down payment on a house isn’t such a bad idea. I would say definitely consider doing this. Don’t listen to any females who say they get “ick” by hearing this, anyone talking crap about “living with mommy”, or anything along those lines. What matters is you’re going to be able to build a future for yourself that most people won’t have the ability to do. Those individuals either have no desire to change their lives, or they are just frustrated that they can’t or didn’t do the same thing. So they’re stuck at a dead end job, with a dead end place to live, with a dead end partner or roomate, driving a dead end beater held together by duck tape and hopes and dreams, and go to the same dead end bar after work everyday. Hats off to you for wanting something different for your life. I say go for it and enjoy some time with your family while you still can.

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I lived at home for a bit and bought a home right after. Girls didn’t mind coming to moms

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Just live in your parents basement forever. You'll save even more money.

Ok thanks for the facetious comment…

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