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- Aug 3, 2016
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I'll give you my experience with moving back to mom's place; once I got back living with my mom's I managed to get a job at a major bank (customer service) and managed to pay off all of my debt. It was roughly about $17K worth of debt in a matter of 18 months. It also helped my mom since she had her own personal debt and completely wiped it off as well (about $6K). Now both me and her are debt free and it's much easier on both.
Personally, I think the main issue with living at your parent's place is the fact that, although they love you, parents don't respect you. However, if you do help pay off the mortgage and help financially, they'll definitely respect you and listen to you a lot more.
On a side note, I have one of my cousins which never went to university but straight to work out of high school. She got into a big telecom corporation and slowly moved up the corporate latter and is currently a project manager. She also got married but currently is living at her in-laws house (living with her husband at his mom's place). Now we could say that this really sucks but she's currently 27 and managed to save over $150K which IMHO is pretty good.
Personally, I think the main issue with living at your parent's place is the fact that, although they love you, parents don't respect you. However, if you do help pay off the mortgage and help financially, they'll definitely respect you and listen to you a lot more.
On a side note, I have one of my cousins which never went to university but straight to work out of high school. She got into a big telecom corporation and slowly moved up the corporate latter and is currently a project manager. She also got married but currently is living at her in-laws house (living with her husband at his mom's place). Now we could say that this really sucks but she's currently 27 and managed to save over $150K which IMHO is pretty good.