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Deciding on what decision to make. Whether I want to save lots of money and live with my parents, but lose out on freedom and independence. Or choose to be on my own do my own thing however not save as much money. I was thinking living in a studio and just have freedom to do whatever I want. I am 28 year old single male to put it in perspective.
If you live with your parents are you contributing money, etc?
If you live with your parents, what are you trying to accomplish financially? How long will you do it for, etc?
Since you are a dude society will come down on you harder. Friends will make fun of you, ladies will make fun of you, etc.
IMO, if you are trying to pay off your student loan or saving 20% for a downpayment, etc then it makes sense to live with your parents for sometime. BUT you need to be aware of the stigma that will come with it and ignore it and just focus on completing your goal.
Freedom and independence is the way to go. You live, learn, mature and grow that way. 28 is about the age when most have moved out of their parent’s homes.
If you live with your parents are you contributing money, etc?
If you live with your parents, what are you trying to accomplish financially? How long will you do it for, etc?
Since you are a dude society will come down on you harder. Friends will make fun of you, ladies will make fun of you, etc.
IMO, if you are trying to pay off your student loan or saving 20% for a downpayment, etc then it makes sense to live with your parents for sometime. BUT you need to be aware of the stigma that will come with it and ignore it and just focus on completing your goal.
Do you have any debt? 27k
What is your salary? Oregon: I am expecting 70-75k gross. San Diego: 80k gross. I work in healthcare so work 3 days a week. I am debating on whether I want to get a second job part time or per diem work for extra cash. Depends on how confident I am at my job. I am a new grad if that matters.
What city do you live in? I live in San Diego and my parents are from here. So If I choose SD job I will live with my parents. If I go choose the Oregon job I will be on my own and independent.
If you live with your parents are you contributing money, etc? If I live with my parents I don't think I will be contributing any money. housing, food, rent my parents won't charge me. I am thinking of returning the favor by having all expense paid vacation for the family at the end of the year if I choose this route. I might do the same with the other route too. All depends on how much money I save.
If you live with your parents, what are you trying to accomplish financially? How long will you do it for, etc? Financially just want to pay off all my debt and have money saved up to invest in other stuff. I will probably do it for one year or two year max. I only have about 27k so I can pay it off pretty easily with either route. Both job offers I can pay off my debt, one would just be sooner, but I am expecting it to all be paid in less than a year. It basically boils down to lifestyle vs financial.
Last edited by FeistyCar7; 01-03-2020 at 05:51 PM..
What is your salary? Oregon: I am expecting 70-75k gross. San Diego: 80k gross. I work in healthcare so work 3 days a week. I am debating on whether I want to get a second job part time or per diem work for extra cash. Depends on how confident I am at my job. I am a new grad if that matters.
What city do you live in? I live in San Diego and my parents are from here. So If I choose SD job I will live with my parents. If I go choose the Oregon job I will be on my own and independent.
If you live with your parents are you contributing money, etc? If I live with my parents I don't think I will be contributing any money. housing, food, rent my parents won't charge me. I am thinking of returning the favor by having all expense paid vacation for the family at the end of the year if I choose this route. I might do the same with the other route too. All depends on how much money I save.
If you live with your parents, what are you trying to accomplish financially? How long will you do it for, etc? Financially just want to pay off all my debt and have money saved up to invest in other stuff. I will probably do it for one year or two year max. I only have about 27k so I can pay it off pretty easily with either route. Both job offers I can pay off my debt, one would just be sooner, but I am expecting it to all be paid in less than a year. It basically boils down to lifestyle vs financial.
It terms of career options, which city is better? Oregon (what city in Oregon) or San Diego.
Also, have you compared the cost of living (COL) between the cities? (Not sure what city in Oregon you are looking at)
I guess the decision boils down to the city that you decide. 27K is not too high of a student loan debt amount. All you need to do is factor in the COL from the city that you decide on. You sholld also consider creating an emergency fund. $1K to start then 3 to 6 months of living expense once you decide on where to live, etc.
It terms of career options, which city is better? Oregon (what city in Oregon) or San Diego.
Also, have you compared the cost of living (COL) between the cities? (Not sure what city in Oregon you are looking at)
I guess the decision boils down to the city that you decide. 27K is not too high of a student loan debt amount. All you need to do is factor in the COL from the city that you decide on. You sholld also consider creating an emergency fund. $1K to start then 3 to 6 months of living expense once you decide on where to live, etc.
Have you created a budget?
Career options: I would say oregon as it seems easier to get a job. SD requires experience.
COL: I was looking at housing and it looks to be around 800-1000 for a studio apartment depending on how fancy I want to live. I will be moving specifically to eugene/springfield. Budget: i have not thought about that yet, but I do already have money saved up from working before it is not much around 8k. At the moment I am leaning towards being on my own and living my life, but my practical side sees how much I can save living with my parents. My parents want me to stay and live with them. I am not an only child. My brother and sister has moved out which is why they probably want me to live with them.
[b] I only have about 27k so I can pay it off pretty easily with either route. Both job offers I can pay off my debt, one would just be sooner, but I am expecting it to all be paid in less than a year. It basically boils down to lifestyle vs financial.
Then that's a no-brainer. Move out on your own. You're 28!
What is your salary? Oregon: I am expecting 70-75k gross. San Diego: 80k gross. I work in healthcare so work 3 days a week. I am debating on whether I want to get a second job part time or per diem work for extra cash. Depends on how confident I am at my job. I am a new grad if that matters.
What city do you live in? I live in San Diego and my parents are from here. So If I choose SD job I will live with my parents. If I go choose the Oregon job I will be on my own and independent.
If you live with your parents are you contributing money, etc? If I live with my parents I don't think I will be contributing any money. housing, food, rent my parents won't charge me. I am thinking of returning the favor by having all expense paid vacation for the family at the end of the year if I choose this route. I might do the same with the other route too. All depends on how much money I save.
If you live with your parents, what are you trying to accomplish financially? How long will you do it for, etc? Financially just want to pay off all my debt and have money saved up to invest in other stuff. I will probably do it for one year or two year max. I only have about 27k so I can pay it off pretty easily with either route. Both job offers I can pay off my debt, one would just be sooner, but I am expecting it to all be paid in less than a year. It basically boils down to lifestyle vs financial.
And above you have provided your own answer. Trading a bit of excess time on your hands for moving on as an adult should not require much inner debate.
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