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Old 01-15-2012, 11:57 AM
 
4 posts, read 6,051 times
Reputation: 12

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I have a 127,000 debt to my ex-wife, not including child support. I just found a job after being laid off for a long time. Should I move in with my parents with my infant son, and girlfriend? Concentrate on paying the debt off? My rent is 950 a month, my kids are close by, so is my job. My parents are 40 minutes from my kids and job.

My girlfriend also has kids that live far, and she fly's to see them once a month for a week.

My parents are mid 60's, plenty of room in the house for all of us.

Been a tough couple of years.

Thank you
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Old 01-15-2012, 05:59 PM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,206,701 times
Reputation: 57822
This has become normal in the last few years. If you can stand living with them, and they can stand you and the rest, go for it. I would suggest setting up a plan, with a target date for moving back out based on how much you can save by living there. Don't spend the rent savings on a new car and vacations, and earn your lodging by helping out around the home.
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Old 01-16-2012, 06:31 AM
 
27,224 posts, read 43,942,133 times
Reputation: 32327
^^^^ I agree and you're fortunate you have the option.
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Old 01-16-2012, 07:29 AM
 
Location: Looking over your shoulder
31,304 posts, read 32,886,517 times
Reputation: 84477
Quote:
Originally Posted by Hemlock140 View Post
This has become normal in the last few years. If you can stand living with them, and they can stand you and the rest, go for it. I would suggest setting up a plan, with a target date for moving back out based on how much you can save by living there. Don't spend the rent savings on a new car and vacations, and earn your lodging by helping out around the home.
Well said,,,, I totally agree!

Don't put everyone thought this is you don't MAKE IT WORK out and save the money paying off debt. Get a budget plan and stick to it.
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Old 01-16-2012, 07:33 AM
 
Location: The #1 sunshine state, Arizona.
12,169 posts, read 17,649,226 times
Reputation: 64104
You said you were laid off for a long time, why do you have an infant?
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Old 01-16-2012, 09:11 AM
 
7,732 posts, read 12,624,521 times
Reputation: 12407
I would definitely consider staying with the parents. It's better to be in a situation where you don't have to pay rent and your kids can be fed and go to school so that you can focus on paying off that debt.
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Old 01-16-2012, 10:25 AM
 
1,106 posts, read 2,884,217 times
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I would also live with parents if the situation calls for it. Then again I'm Asian and it's important to take care of the elderly relatives.
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Old 01-19-2012, 06:20 PM
 
830 posts, read 1,729,355 times
Reputation: 1016
if you have the kind of relationship with your parents where they know that you will take care of them in their time of need, then it would be ok. but with the understanding that they are doing you a favor. some people (not saying YOU) move in as if they expect that they should be able to do so and they do not contribute.
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Old 01-30-2012, 06:09 AM
 
4 posts, read 6,051 times
Reputation: 12
Thanks everyone. I made the decision to move. Already started to help splitting wood. Told them it would be no longer then June.

My son is one, so not really an infant. He is having a great time with his grandparents.

Thanks everyone.
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Old 01-30-2012, 09:25 AM
 
Location: Atlanta, GA
441 posts, read 886,438 times
Reputation: 325
best of luck
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