Living at Home
Moving back in with your parents after living on your own for years may not sound too appealing at first, but in the long run living at home may actually be worth it. Depending on how strict your parents are the experience could be different for everyone. In the end of the day, if you are set on living in New York City, staying at home will not suffice. Although, staying at home for the first year or two after finishing college may be the smarter idea. Here’s why:
You can pay off your student loans
For those of you not lucky enough to have your parents pay off your entire student loans, living at home gives you the chance to pay off all your loans or make a significant dent. You may even be able to build up a significant amount of savings. Ignoring your loans will come back and haunt you after a large amount of interest is built up.
You will save a ton of money by not paying ridiculous rent
It’s not secret that rent in New York City is extremely expensive. You can expect almost a whole paycheck of yours to go towards rent every month. This doesn’t buy you a penthouse suite either – you can expect to be living in a rather small apartment with up to three roommates.
If you’re lucky, your parents will cook for you (and maybe even do your laundry)
Who doesn’t miss their mom’s cooking after a long time? Yea that’s right, you don’t have to cause you’ll still be able to eat it all the time. It’ll probably be healthier than the ramen that you would be cooking for yourself too. You will also save money on small things here and there – like not having to pay for laundry.
Living in the City
If you were to analyze this decision from a purely financial motive, it’s a no brainer that living at home is the better choice. In terms of having a good experience, there’s no better time to live in the city than in your 20s. Here’s why:
You’ll have a better nightlife and more friends
Not only will you be in a prime location for going out and enjoying the vast majority of events that are always happening in the city, but you’ll also be able to enjoy it with friends. You can come home drunk without having to face your parents. You can also do fun things like visit pop up museums in the city.
Your more likely to have a successful relationship
After all whose parents are okay with them having girls stay over? “Hey uhh, want to come back with me to my parents house?” Yea that’s not going to happen. Brown parents are generally pretty strict about having a girlfriend/boyfriend over.
You’ll have an easy commute
Commuting for an hour or two is actually very tiring. That extra time you gain in the morning will allow you to sleep more before work, and have some extra time after getting back from work. With that extra time and energy, you have a chance to hit the gym or cook yourself a healthy dinner. Think about how much time in the day you actual save in the long run.
In the end of the day the the decision is ultimately yours. Living at home has it advantages, and it certainly won’t be forever. On the contrary, you will never be younger than you are today, and you aren’t going to get back the time spent living at home. Just like post college life has its pros and cons, so does living at home.
- Would you live at home after college?
- How long could you last?