Hello everyone! I hope you’re having a great weekend. Thanks for for being a part of Squirrelers, I appreciate it. Whether you’re visiting for the first time, a regular lurker, or consistent commenter, I totally appreciate your involvement. Feel free to join the conversations in the posts here, and please do subscribe to the feed (RSS or Email) and follow on Twitter!
Below I’ll share some updates and favorites for the week, but first I’ll touch on the topic of new college grads living at home with family.
Living at Home
I was involved in a brief conversation recently with someone who was a few years out of college and paying rent in an apartment. This situation sounded familiar, as it’s exactly what I did upon graduation.
The guy I was speaking with commented on how he had a friend who didn’t get a job for a year after graduation, but is probably not worse off financially since he was living at home with his parents (the friend, that is). The guy was just smirking and shaking his head. I asked him if he could ever do that, and he told me that it wouldn’t be possible right now since his parents live on the east coast, but if he could do it over again he’d have to think about it.
To me, the idea of living at home with parents was a foreign concept when I graduated undergrad. Basically, I was conditioned to think that the “normal” thing to do was to go out on your own once you reached a certain age. Anything else was “odd”, in my view at the time.
These days, I look at it completely differently. While many people simply do not have the option to do so, many people do have an opportunity to live with parents after graduation. If I had to do it again, I would have done this for a few years, no doubt.
Sure, it would have inhibited some personal growth. However, I might have made a few other decisions better during that time with the steadying influence at home, and I could have saved a fair amount of money.
Now, I wouldn’t have been charged rent or utilities. Sure, I would have paid for my own food, insurance, car, etc – but I’d have a roof over my head at no cost, which would allow me to save and get a stronger financial foothold. That would have been a good idea.
What do you think? Is the idea of a college grad living at home to save money sensible to you, or negative since money isn’t everything and perhaps independence/growth is?
Squirrelers in Blog Carnivals
Money and Relationships: What Should Matter? was selected as an Editor’s Pick in the Totally Money Blog Carnival at Money in the 20’s
Frugal Trophies was selected as an Editor’s Selection in the Festival of Frugality at Sustainable Personal Finance
First Job Lessons Learned was included in the Carnival of Personal Finance at Canadian Personal Finance Blog
Memorable Examples of Witnessing Generosity was included in the Yakezie Carnival at My Personal Finance Journey
Favorites from the Personal Finance Blogosphere
101 Centavos shared Thoughts on Silver Part 2
Budgeting in the Fun Stuff shared Net Worth – Do You Include the House?
Consumerism Commentary shared Should Couples Get a Prenup?
Hope to Prosper shared The Four Seasons of Personal Finance, and 4 Important Lessons on Investing (note: rare to include 2 articles from one blog, but I enjoyed both of these. Hope to Prosper doesn’t publish often, but when he does, the articles are quite good)
Life and My Finances shared Retirement is a Matter of Income, Not Age
Man vs Debt shared It’s O.K. to Change Your Course
Mighty Bargain Hunter shared Don’t Settle for $1 per Hour. Please!
Money Crush shared Cashing Out a 401k When Leaving a Job?
Retire by 40 shared 4-Plex Short Sale Experience So Far