With house prices rising faster than salary growth, more than 2 million adults in the UK live with their parents. Whether you’ve finished university, you can’t afford rent, or you’re saving up for a home of your own, if you’re in this situation it’s important to know that you’re not alone.
Living with your parents in your twenties isn’t a sign of failure, it’s the sign of good things to come… and also a sign of unrealistic house prices and sky high rents, but we won’t get into that. While your friends are paying extortionate rents each month to their landlord, you can work on improving your finances and saving for the future. It goes without saying that moving in with mum and dad is not without it’s highs and lows, and so here’s my run down of the good and the bad bits commonly associated with living with your parents in your twenties…
Every meal is amazing
You no longer have to wear ten million layers to keep warm
The house is always clean
Laundry? Taken care of
Your mum becomes so hospitable
You don’t have to listen to your housemates having sex… hopefully
But you may find yourself living a life of celibacy
Making yourself a three course meal at 3am will probably not go down well
Privacy? As if!
Your life may not be what you thought it would be
You may experience a mid-mid-life crisis
Every word that comes out of your mouth starts to sound like something Lena Dunham would say
But you need to remind yourself that you’re the lucky one
So raise a glass to your parents
Because while it may seem like all your friends are living the dream
As long as your work hard, keep your head down, and cut back on your spending
Living at home for a while will pay off in the end
So whether you’re saving up for a house,
to get out of debt…
or simply to buy something big…
If you’re lucky enough to have the chance to live with your parents for a while, do it!
I’ve saved £6,000 in the six months since moving in with my parents, and so I’d definitely recommend giving it a go if your mum and dad are willing to take you in. If it’s not an option for you, don’t worry. There are still tons of ways you can cut back and make savings elsewhere. Have a rummage through my blog and I hope you find a few tips that you think are useful.
Do you live with your parents? Are there any highs or lows that you think I’ve missed out? (Or maybe your adult children have moved in with you, and you could write a list of your own) Let me know in the comments below 🙂
