Are you too old to be living with your parents in your 20s? That question has crossed the minds of many ones who still live at home. Especially if they are 23 or over. Let’s put it out there plainly, no it isn’t! and tell anyone who makes you feel like crap about it to go stub their toe. Why would living with your parents in your 20s be a good thing you ask? Let’s have a look, shall we?
In our 20s we feel peer pressure to have a life together. Social media and society make us feel as if we’re not doing well enough if we don’t have a mortgage, have our finances in check or have our own successful business up and running.
“Property prices have increased on average 7% per year since 1980. The greatest annual increase during this time was in 1988 when the average house price went up 25.6%.” – ‘Historic House Prices: Research Shows Your Parents Definitely Had it Easier‘ Howells Solicitors.
Considering the housing stock market, the ridiculous inflation and over-saturated business niches no wonder many adults in their 20s are struggling.
Disclosure:
I am not a professional in any way, nor is this advice. It’s just my personal view. This post may contain affiliate links. If you choose to purchase through my links, I may receive a small commission, at no extra cost to you.
1. You Can Save A Lot More While Living With Your Parents
Think about all the money you’re saving. No ridiculous rent payment, no crazy amount spent on electricity, gas and food bills. Yes, you may be contributing to these payments but imagine paying it all by yourself! Hello? In this economy? No thanks.
Try to be grateful that you have the opportunity to live with your parents because instead of paying that extra cash on those things, you can save up for a mortgage deposit, invest or do whatever the hell you want with that extra money if you’re fortunate enough to do so.
Many successful people recommend living with your parents as much as you can for that reason alone.
2. You Can Take More Risks When You’re Living With Your Parents
If you have the ability to live with your parents, you don’t have to worry about being a homeless person if you mess up (hopefully). It is said that you should take a lot of risks in your 20s. So, go out there, and try even if you fail. You haven’t got much to lose, so do it now before you’ll have to be all serious and calculated.
3. You Can Spend Your Time Wisely Elsewhere
Now that you don’t have to worry about the ridiculous amount of cost of living, spend your time wisely elsewhere. Study, learn, experiment and build things that will benefit you when you do move out. Learn how to make more money so that eventually you’ll be able to afford to move out. Experiment with different business ideas, and try out new things.
4. You Learn About Housing From Your Parents
When we were younger all we cared about was being cool in school or what the next-door neighbour’s son/daughter thought of us but now that we’re adults we are more conscious of how the world actually works. We, therefore, can pick up the strategies our parents use to manage a house and their finances. (if they’re good role models) if not then take this time to learn about what owning a house requires, what sorts of bills will be included and general things such as money management or cooking.
5. You Get To Have A Trial In Managing A House
That brings me to the last point, while you’re observing your parents’ strategies, you somewhat get to have a trial in managing a house. Even if they’re not so good role models, you get to see what not to do. If you’re contributing to the housing bills you get to learn how to budget and save. If you would’ve just thrown yourself right into renting a house early as soon as you were ‘old enough’, you probably would’ve struggled to keep up as you wouldn’t have picked up how to manage it first.
I hope this article made you realise that living with your parents in your 20s is a good thing! Use this time wisely and enjoy not being bombarded by the cost of living yet.
If you are still feeling downhearted and feel pressured about today’s social expectations click here to find out how to overcome that.
Thank you for reading,
Nikol
xoxo
