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5 Reasons I’m Proud To Be A “Boomerang Kid” Who Lives With Her Parents

By far, the most controversial topic that I discuss on my blog is my decision to live with my parents while my hubby and I pay off six figures of student loan debt in just three years. The feedback I receive from readers is mostly positive and encouraging, but every post about boomerang kids is sure to receive a few harsh comments.

While there’s a lot of criticism surrounding the issue of moving back home after college, deciding to live with your parents is not something you should be ashamed of — it’s something to be proud of.

1. It’s a Smart Move Financially

If you’re considering moving in with your parents, you’ve probably made some mistakes. Living at home after college often isn’t part of someone’s life plan, but life can take some unexpected turns. If you want to live with your parents (and it is an option that is available to you) so you can get out of debt quickly and/or build savings, you are making a financially wise choice. This decision could have an enormous positive impact on your future financial life.

2. Everyone Makes Mistakes

You’ve probably made some poor choices. Maybe you took out more than you should have in student loans, maybe you racked up some credit card debt, or maybe you spent too much money trying to “keep up with the Joneses.” Whatever the situation, everyone makes mistakes. Everyone. What’s important is that you learn from your mistakes and make better choices in the future. Living with your parents can be a smart choice, and will help you to get your financial life in order.

3. It’s The New Reality

One out of three millennials lives with their parents after college. This is not surprising, considering that millennials are dealing with unprecedented levels of student loan debt. The average graduate now finishes school with almost $40,000 in student loan debt. Those with graduate or professional degrees often carry six-figure debt loads.

It’s easy for a baby boomer (who attended college back when tuition was affordable) to claim that the reason graduates move back home so often these days is that millennials are entitled brats, but it’s much more likely that the main reason is debt.

4. It’s Only One Part of Your Story

Those who criticize boomerang kids only know one piece of the story. They call them lazy, but don’t know how disciplined they are with their frugality, or how hard they hustle on the side to increase their income. It’s easy to judge someone when we only know one piece of their story. The assumption tends to be that living at home only helps the boomerang kid, but this isn’t always the case.

Maybe that “entitled brat” is taking care of a terminally ill parent. Perhaps that person who “has it so easy” lives with a severely mentally ill sibling. It could be that the $500 the “spoiled millennial” is paying towards the rent every month is what’s keeping her parents afloat financially. Living with parents doesn’t necessarily benefit only the boomerang kid — sometimes it’s a win-win for all involved.

5. It Shows Patience

In the same way that renting instead of buying shows patience, living with parents demonstrates the ability to make sacrifices now in order to achieve a better financial future. Most college grads don’t want to live with their parents after finishing school. They’d rather have the privacy, independence, pride, and freedom that come along with living on their own. Choosing to sacrifice these things shows long-term thinking and the ability to delay gratification.

One Last Thought              

If you’re struggling with debt, please know that there is no shame in moving in with your parents. This idea that boomerang kids are a bunch of lazy, spoiled brats simply isn’t true. While there may be some who fit the stereotype, the majority don’t. Many adults who live with their parents pay rent or cover their own bills, take care of their own chores, and help out around the house.

If you’re using this time to pay off debt or build savings, this is not something to be ashamed of — it’s something to be proud of. You’ve maybe made some poor choices, but you’re making smarter ones now and you’re setting yourself up for success in the future.

Jen is an HR/Finance professional and frugal lifestyle blogger. Jen and her husband are paying off $117,000 of student loan debt in just three years. She writes about healthy eating on a budget, affordable wedding tips, destroying debt, and living frugally on her blog Frugal Millennial

Image via Pexels

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  • Emma Jones

    You sound like you have a good head on your shoulders. However, living at home isn’t something that everyone should strive for. Many millennials living at home aren’t smartly paying off debt like you are. My son dropped out of college and moved back in with me. It’s definitely a decision he should’t be proud of. He was struggling with Failure to Launch Syndrome (you can read more about that here), which is a real problem for kids today. It does’t look like that’s a problem that you have, but it’s something to be aware of.

  • Steveark

    I think you are being very smart. I also agree with Emma(she’s the bomb!) that it isn’t smart for everyone. Many world cultures would see it as the norm. My son is a doctor married to a doctor. They make an obscene amount of money now but there was a time they moved in with us for awhile. It was so fun!

  • aeverson12

    The only part I don’t agree with is that you are kind of insinuating that those who return home after college mainly do so because they have made a mistake or are in some sort of financial dilemma. It was always my plan to return home after college for a couple of years, even though I have plenty in my savings and a decent paying job. My job is close to my parents’ house, so it doesn’t make sense to move five minutes away from them when I can save money and live at home. The more I save now, the more options I will have later on. I can go to grad school and already have tuition saved. I can move to a different city where the cost of living may be a bit higher than what I’m used to. I can start a 401k and contribute 20+% so it has more time to compound. I can also use the time to explore my different career interests without having the added stress of heavy financial burdens. For some, moving back home may be their only option, but for me, it was just the smartest option.

  • Jay0623

    I lived at home until I was 24 — my mother has sarcoidosis and she needed the extra pair of hands to help take care of both her and the house, and I (after finally receiving an accurate mental illness diagnosis in my last year of university) needed time to become stable with therapy and medications while there were people watching my back. I worked full-time, paid a fair rent, saved money, and when I moved out on my own it was into a condo that I was able to buy without needing a cosigner. Now my family is healthy, I am stable, and my finances are good — three things I don’t think I’d have been able to say if I’d left as soon as I got my degree.

    You can’t judge somebody for the decisions they make! There’s always factors at play that aren’t visible to the outside observer.