If I have the option to move back home to my parents and save probably 50% on rent(if i move home, I would split rent with my Mom since she doesn’t make a lot and would help her out) or i can live downtown right out of college with some friends, (salary would easily afford) what would you guys say as possible factors?

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Stay home, save more, and have an exit plan in mind.

likehelpful

Move back home and cover her entire rent. She was there for you be there for her while she’s still alive.

likehelpfulupliftingsmart

Whatever. Y’all can enjoy your childhood bedrooms.

You can always go downtown anytime. Save,invest...40 year old you will be thankful

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Save the money now and help your family out. Realistically speaking, you won't be out and about with friends for another year or so.

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Many of my coworkers and friends have stayed at home for a year or two at least, helped them pay off their loans or save for a home. They were able to be very active socially as well.

What with the pandemic locking most things down, I'd say living at home for the next year seems like a smart play, if only because a lot of the traditional things that make a city downtown great won't really come back I imagine until probably next spring or summer (night life, cultural events, etc.)

The flip side is that if you weren't into those things anyway, living with friends and proximity to other young people might still outweigh the downsides. And if mom is not in good health, I also wouldn't be comfortable going out and about if I lived with her, so you might be even more isolated than normal. A few things to mull over, I suppose.

But personally, I'd jump at the chance to live with family again.

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Agree. Typically I’d advise moving out ASAP and starting new chapter. With Covid, staying until at least spring 2021 makes sense, as and it may be comforting during the uncertainty to be close to family

Stay home for as long as possible unless your mom is super strict. At 24, I wish I could’ve stayed home longer. Save as much money as you can while there. Just keep in mind that staying with her is temporary. You will not be there forever. On the plus, mom’s house comes with furniture because furniture is expensive.

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Non monetarily- with the right parents it’s really nice to spend more time with them before you transition fully into “adult life”. You won’t regret it.

Monetarily - you’ll love the extra $ later

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If you live with parents you will have to self impose strict social distancing to avoid any Covid exposure to them

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Do it

L. Guy

Live in downtown, start your life

PS: That’s $24k per year after tax, so around $40k off of your base salary... to live “downtown” which cant be fully enjoyed right now. Your choice, but it seems like an easy decision to me.

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