Young Professionals - Living at home?

I live with my parents and have done since returning from doing a masters degree last year. Much like you, I have a brilliant relationship with my parents so I have a huge amount of freedom. I can't really see much of a difference from what I can do here than what I could do when I lived 200 miles away. However it makes sense if you find it difficult to live with your parents to move out, but if you're happy where you are, get saving while you're able to. Seems a good outlook to me :)
As long as you're happy with what you're doing, that's all that matters imo.

No idea when I'll move out but my situation has changed quite drastically lately as my Dad died recently, but before that I didn't really know either anyway.
 
[TW]Fox;12272977 said:
When I move out will depend on the GF - the idea of moving out and living on my own sounds a bit dull really, so I will wait until both her and myself are established in careers and then see where things go from there.
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Aww thats nice, is there a rainbow at the end of the story?
 
I think you misfired with that quip, would have made sense if I said 'And then we'll buy a small cottage with a privet hedge and live happily ever after' but it doesn't fit so well with 'I'll see what happens' :p
 
DiscoDave said:
I see where you're getting at. I also think the location has a huge impact. When I was on my placement year I had a great flat in a good area of Scarborough. That cost me £400 a month.

With the job offer I received, I would have to spend £600 or so to get even a reasonable flat. It's nice to know that there are people in similar positions as me though. I just read somewhere that two thirds of graduates move back home after uni, which is also quite comforting.

The idea of renting is a bit depressing to me. It's just the idea of spending hundreds of pounds a month into something which you don't really own. I'd much prefer to actually be in a position where I own something. Meh, maybe im acting too old for my age >:E
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I know exactly how you feel! Same boat. Once you get a house/flat all your incoming money goes out very fast. At 18-28 were still young so plenty time to move out. I currently put my money away for a rainy day. I don't drive so it's mounting up very quick. In about 8 months I can put a 10% deposit down for a house or something if I desire. Along with other savings I have.
 
DiscoDave said:
Hi Everyone,

I've seen in a number of threads mentioning people living at home whilst working and I would appreciate some opinions on the subject.

I'm 22 years old, i've just completed a 4 year degree course and currently looking for an IT job. I did have a job nearby but that didn't work out too well (to cut a long story short, what they implied the job would involve and what it actually did were two different things).

I've been looking at jobs locally with a degree of success, but nothing solid yet. I've been given an offer for somewhere else which would require me relocating. After calculating my incomings and outgoings i estimated that i would have £150 a month to myself, which isn't much and if I had something like a car problem, or needed to replace my fridge etc any of which would set me back a long while.

So I'm considering continuing looking for employment at home. It's a bit weird because from returning from Uni i've started to look at my future in a bit more mature manner. Ie i've been thinking about mortgages and the like.

So, I was just wondering if anyone has ever decided to live at home because of something like:

  • Cost of moving out is too high
  • A desire to pay off loan quicker
  • to save up money for a mortgage
  • want to save up in general

Or anything else. Is this a wise decision by me?

Any opinions from people in this situation would be appreciated.

Thanks,

David
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I was in exactly the same position, and this is what I did:

Got a job that paid a decent salary and lived at home... However, my role means being away from home (overseas as we have no customers in the UK), which means I get the advantages of living at home- no expenses (and it's because my mother doesnt need the money and won't take anything, even if I offered), yet get to see the world and live out of the company's pocket at the same time. It worked out well for me, and I know there are lots of IT- related jobs that want people to work in a Professional Services role like this. (In fact, if it interests you, we might have some vaccancies)

Now 2.5 years and a near 50% payrise later, I am hopefully moving out... advantages are that I have amassed tens of thousands towards a house, and can afford to live much more comfortably thanks to a better salary.

Just my personal experience and 2 cents, but IMO there is nothing wrong with spending a couple of years at home. Just DO NOT try and buy a property right now!
 
Bes said:
Just DO NOT try and buy a property right now!
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I dont see how a 22 year old with 4 years of student debt could even begin to begin to begin thinking about buying a house! :confused: He hopefully means starting saving, otherwise he's living in cloud cuckoo land :p

And my 2p.. the friends i know that have started 'proper' jobs after Uni and stayed living with their parents would be the first to admit they frittered away their disposable income on flatscreen TVs etc.. If you're positive you have the willpower and sensibility not to do that, and instead to save a lot then you can make it worth your while. Putting away £50 a month and calling it saving would be utterly pointless.
 
I'll move out when I'm asked to.

I see no point in moving out nor can I afford to.

I guess I'm lucky that I get on with my parents, most of the time.
 
Bes said:
I was in exactly the same position, and this is what I did:

Got a job that paid a decent salary and lived at home... However, my role means being away from home (overseas as we have no customers in the UK), which means I get the advantages of living at home- no expenses (and it's because my mother doesnt need the money and won't take anything, even if I offered), yet get to see the world and live out of the company's pocket at the same time. It worked out well for me, and I know there are lots of IT- related jobs that want people to work in a Professional Services role like this. (In fact, if it interests you, we might have some vaccancies)

Now 2.5 years and a near 50% payrise later, I am hopefully moving out... advantages are that I have amassed tens of thousands towards a house, and can afford to live much more comfortably thanks to a better salary.

Just my personal experience and 2 cents, but IMO there is nothing wrong with spending a couple of years at home. Just DO NOT try and buy a property right now!
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Sounds like you made the best move, anc it's obviously worked out well for you. Your job sounds very interesting actually, if you do have some vacancies please let me know, would be worth a look.
 
I currently live at home (having moved back after 4 years at uni) and I find it OK - I have an OKish paying job and I am saving to do a masters and put some money behind me for later years.

It is a bit of a drag but fortunately my parents are easy to live with and leave me to it but I do plan on moving out within a couple of years.

I don't see it as a bad thing - as really who has the oppurtunity to walk into a well paying job that can let them move out of there parents at the click of the fingers? Some lucky people do - but not a lot of us!

Rich
 
Live at home for the next couple of years and save like a madman.....that's what I did and then got a flat at 25. Spent the best part of a year doing it up and then moved in before I turned 26.
 
I moved into my own place at 18 whilst working part-time and still at college as my parents moved to France.

I now live with my girlfriend, we both work full time. We live in the South East which is pretty expensive but if you have a reasonable job you can easily afford to live away from home. You just have to budget properly and know when you can't afford something that you really want (or get a credit card*)




* Don't do this.
 
Live at home if possible and get some experience in a fairly well paid job. Save up like a motherfunker then move away once finding a better job.

I would loved to have done that, but only tempted afteruni and cleared my overdraft, now well into it again with living in London and Mrs/rent/everything costs. Haven't started saving for a house, and even if I cut down my weekly disposable money by 1/3 and save that amount, I would only save about £2.5k a year.

Hardcore saving and Londonis nigh on impossible, unless you have no friends, or want to loose the ones you have by becoming a hermit. A bit of saving iff poss and fun is the only way in London, then when buying move outas you will probably have had enough of the city by then, and will actually want a house with a garden.

z0mbi3 said:
So where do you live, in a hotel? :p

Living with your parents is only balls if there's not much room and you love entertaining guests. Otherwise it's a great way to save money and live comfortably.



Bound to happen anyway tbh!
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Spent my whole limit on a new tv, and will be repaid by February :)
 
-Ad- said:
Spent my whole limit on a new tv, and will be repaid by February :)
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Similar to me then , just used it to get my new tv and kit out the flat. Balance transferred now and trying my best not to touch them :o

edit: Still need a dish washer though ;)
 
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