Okay, this might not be how you pictured your future. You thought you’d graduate from college and head off to your money-making job, your great apartment, your new life in the “real world.” Instead, that job hasn’t shown up just yet and you’re heading back to Mom and Dad’s house.
Whatever your reason for heading back home after college, you are not alone – not by a long shot. It’s estimated that nearly 85% of college grads move in with their parents after they finish school.
For most graduates, this is a temporary situation. But no matter how long you plan to stay with your parents, it can be a tricky arrangement for all of you, especially when it comes to money. Believe it or not, your relationship with your parents includes what we call a “money relationship” – how you think about and deal with money as individuals and as a family. And if you’ve ever argued with your parents about money, you know that can create some stress.
But with a little effort, you can make this time with your family a smooth transition between college and the next stage of your life.
Here are five ways to make it work:
Make it Happen!
The Money Couple
Scott & Bethany Palmer