It happens to thousands each year. Despite their best intentions to stay independent, they have to decide whether to move back in with family. It’s rarely a fun decision.
The longer someone has been living on their own, the harder deciding to move back in with parents is, usually. After years of living independently, they’ll have to follow rules again, listen to their parentals gripe, and how does one bring over a SO knowing Mom is next room over? Nevertheless, moving back home may be the best decision, and in some cases it might simply be necessary.
When a person should move back in with parents depends on the circumstances in their life. Here are the factors that you need to consider when making the decision:
- Income – If you don’t have a job, the decision to live with your parents may be made for you. However, if you have significant income, you should be able to live on your own, unless…
- Debt – Debt is a soul-crushing thing. The more you have, the less likely you’ll be able to pay your bills, even if you have a job. If you have high student loan debt or credit card debt, living with parents will save you rent, which you can use to pay back your debts.
- Location – Your parents may live in a prime location that you can take advantage of.
- Health – If you need personal care for a health-related reason, or if your parents do, moving back home might be a good idea.
- Safety and Space – If you would have to live in a tiny, crack-walled apartment in the ghetto in order to afford it, then choosing to live in your parents’ spacious suburban home might be a good idea.