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College grads, live at home or move out? Archived From: Finance

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I'm 23, graduated Spring 06, moved back home, and started working in September 06. It's cool to see our products making the hot deals here. You guys sure take advantage of some of the deals from our retailers. I see the bills from them and it can be

I work in Orange County, CA and drive about 35 miles one way. Because of traffic it takes me 1.5 hour each way. Most of the employees at the company I am working for are a lot older than me, so they are living on their own. Even though I have a professional job, I feel like a child since I don't live on my own. I feel kind of embarass to tell people that, and it doesn't help when trying to meet a potential date.

Should I move out or not? Here is my situation:

Only bills I really have is a cell phone, dish network, gas, clothes, entertainment, eating out, etc.
Living at home- No rent, no grocery shopping. Will save about 25K in 2007. 15K in 401k, and 10K in other investments.
Only debt is 10K student loan, no need to pay it off early, so I will pay off in about 10 years.
My future goals are to obtain an MBA and have a house/condo/townhome. I don't see myself being a homeowner anytime soon due to the prices in California but would like to have one by the time I'm 27.

So what would you do?


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financially speaking, live home.
socially speaking, move out.


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I guess this horse has nine lives.


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MySilverEX00 said:
So what would you do?


I moved out when I was 17, joined the army, used the army college fund to get an education.

What was the question? Oh yeah, I'd get a girl friend to spilt rent with and live a lot closer to work. 3 hours a day in traffic, no thanks.


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I'm also considering finding a job that will let me work a couple hours after my full-time job. This will help with traffic and bring more income in.


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IMO, your living at home is not the cause of making you feel like a child nor is it something that I would be totally embarrassed about, it's the fact that you are freeloading which I find bothersome. that is the reason why you like living at home, isn't it? contribute to your household that you live in, or move out - either of these options would make you more adult-like


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are you kidding me? get a gf to live w/ u?
girls are the cheapest creatures on earth, they will drain your wallet like crazy. they will make U buy useless junk that they will never use. they will waste utilities etc etcetc.
go check out tom leykis man....


mhesidence said:MySilverEX00 said:
So what would you do?


I moved out when I was 17, joined the army, used the army college fund to get an education.

What was the question? Oh yeah, I'd get a girl friend to spilt rent with and live a lot closer to work. 3 hours a day in traffic, no thanks.


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kaiotes said:
go check out tom leykis man....


LOL. I do listen to him on my drive home to work.</blockquote>


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'even though I have a professional job, I feel like a child since I don't live on my own'.

Just say your parents live with you.


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ff


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Living at home- No rent, no grocery shopping. Will save about 25K in 2007. 15K in 401k, and 10K in other investments.
...
My future goals are to obtain an MBA and have a house/condo/townhome. I don't see myself being a homeowner anytime


That should answer your question. Save/invest enough and you'll know when its time to move out.


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this horse has been beat dead...dead...dead.

my advice? get a roommate (girlfriend or not), move out and live someplace reasonably priced with a much shorter commute and visit the P's on the weekend to do your laundry and eat. Financially you might like living with the P's now(saving money etc...) but unless you like living under someone elses rules and reliving the script to "Failure to Launch", it's better to be in your own place for your own mental well being and....ahhheeemm....love life.


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underthecovers said:I guess this horse has nine lives.
zombie horse

BrianGa answered the question with the first reply.


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ask SIS he still lives at home and he is in his thirties!!!


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You Must Pay the Rent||||\\ once you are 18, you have to take on the role of a MAN.

so ante up it is just not mentally right to continue to be a user of your loving parents...they would never tell you to leave


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vinhboy said:

LOL get a girlfriend? That's like trying to put out a fire by pouring gasoline on it.


kaiotes said:are you kidding me? get a gf to live w/ u?
girls are the cheapest creatures on earth, they will drain your wallet like crazy. they will make U buy useless junk that they will never use. they will waste utilities etc etcetc.
go check out tom leykis man....

It sounds like if you want to live the true FW lifestyle you need to be either celibate or gay?


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3 hours a day of driving..

I say rent a cheap local apartment. The money you will save on gas and depreciation on your car, and the time saved to do something productive rather than sitting in traffic more than justify it.


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My situation is similar to yours, only a three year difference.

Your social life is whatever you make of it. In my experience,
there is a lot of young professionals doing exactly the same thing --
I'm sure if you find that someone, you'll feel its the right time to move
out.

Pay rent to your parents and help out on various expenses (whether you stay or not)
at the least if you have the means. You were their burden for probably 18+ years and its just giving a little back.

Cut the commute (mine is 15-20 minutes) and get better hours if possible.
Keeping the weekends/nights open is a must if you want to do stuff.

Make a list of things you want to do. It took me a year to figure that one
out and I enjoy things a lot more (travel abroad, e.g: canada, asia, etc.)


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scott1961 said:vinhboy said:

LOL get a girlfriend? That's like trying to put out a fire by pouring gasoline on it.


kaiotes said:are you kidding me? get a gf to live w/ u?
girls are the cheapest creatures on earth, they will drain your wallet like crazy. they will make U buy useless junk that they will never use. they will waste utilities etc etcetc.
go check out tom leykis man....

It sounds like if you want to live the true FW lifestyle you need to be either celibate or gay?


or become one the kind that goes on regular "business trips" to places like bang-kock, thigh-land ?

Anakin


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