UG -> Full-time, living at home to pay off college loans in first year. Afterwards, unsure if I want to stay at home to save/invest or move out with friends. (Already helping pay rent at home). Idk?

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FWIW, a year at home was about all I could handle. It wasn’t that my parents drove me crazy, more so that I felt stuck and wasn’t close to any friends when living out in the burbs.

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This turned into a long response - one of my friends from college has been living at home since graduating, and a few of us have discussed this a lot, since we’ve been out of school for a few years now.

I didn’t have the option (parents don’t live near a major city) so I’ve never lived at home. I’ve been 100% financially independent since graduating (my parents loaned me money for my first month’s rent before I had received any paychecks) - I’m 26 now and while I don’t have an enormous savings, I’m still ahead of most of my peers financially. Conversely, my friend has a bunch of money saved for a house and bought a $40k car last year in cash.

The financial trade off is obvious - you can hoard money if you’re paying nothing (or almost nothing) in rent and living expenses. You’ll be well ahead of your peers when you go to buy a house or purchase a rental property to get supplemental income or go to grad school. It’s really smart financially.

This being said, the social trade off is a lot. I have a much larger network of friends because I can spend nights out in the city or meet up with people on a whim. While I’ve lived with roommates since graduating, Ive also met my SO and we're planning to move into an apartment together later this year. The friends that I made are also how I ended up moving from a tech company to consulting, so there are career benefits too. My buddy who still lives at home is a really normal guy but he spends 2+ hours a day commuting to and from the suburbs - as a result, he hasn’t added many new friends since graduating from school. He goes on dates and hooks up with girls but doesn’t have a relationship.

With consulting it’s already hard to maintain friendships and relationships when you’re traveling so often - let alone making new friends or finding a romantic connection. Living under your parents’ roof outside of the city adds another huge hinderance on your ability to build an adult social life for yourself. My friend is miles ahead of me financially but it seems like he’s made a huge sacrifice to get there - and it seems like he’s missing out on a lot of life as a result.

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As someone who’s lived away from home since 18, I honestly wish I was able to live at home to save money. I see so many high school friends making 40-50k balling out on cars or buying houses because they lived at home until they were 25.

If you have the chance to do it, you get along with your parents, why not do it?

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That being said, I’ve really enjoyed the independence, especially since I’ve lived with no roommates for the past three years.

It certainly means I can’t save as much, but I still really enjoy it and wouldn’t have it any other way, I don’t go out as much so I can still contribute healthily to my retirement.

Basically, everything is a trade off

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I did 2 years at home and it set me up for better financial success than all my other friends (this was 10 years ago during the Great Recession ). Also was cool to spend time with parents as an adult. I love my parents though so If they’re driving you nuts that’s another story

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Why do you need to figure this out now? See how it goes in a year (you’ll want to move out)

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These are your 20s you’ll never get them back. If you can afford it try to live with a few friends. Soon you’ll be married and won’t ever get the opportunity

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As someone whose whole friend group still lives at home, I don’t feel awkward about living at home the past 2 years. We all live in the city so we don’t miss out on our social lives. Also, it’s probably cultural reasons that we can live at home “peacefully” as we’re all minorities and living at home as an adult is an accepted practice.

I’ve saved a ton of money and have a good relationship with my parents. Sure we get into disagreements here and there but they give me my space and are generally cool. I could understand that if you are being driven crazy by your parents how it would be hard and intolerable to live at home.

Additionally, if someone does say something negatively or with a negative connotation about living at home, I just throw back at them that college and grad school were expensive af and loans are a pain to pay back when you have to pay rent on a place that you’re never in 🤷‍♀️

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I spent a year at home after undergrad and enjoyed it! Take your time, see how it goes.
I was ready to move out by the end of 1 year, to be closer to my friends in the city

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