7 Money Lessons I Learned Putting Myself Through College

2. Staying home can fatten your wallet

George Rudy / Shutterstock.com

Do your caring parents despair at the thought of you growing up and going into that nasty world all alone? Congratulations! You may be eligible to take the “stay at home until your mid-20s” package.

Many millennials have done this — either out of choice or circumstance. I am among them.

Had I moved out on my own, I might have been doomed to a paycheck-to-paycheck dead-end of an existence, with nary a penny to spare for college or an emergency fund. It is fortunate that my parents let me live with them rent-free until I can gain independence. If your situation permits, I encourage you to do the same.

While you’re at it, stay on your parents’ cellphone and insurance plans. Do these things and be shameless about it. It’s a great way to save money.

Read Next

How to Stop Living Paycheck to Paycheck in 8 Steps
How to Stop Living Paycheck to Paycheck in 8 Steps

Does it feel like your paycheck is gone the moment you get it? Here’s how to break that vicious cycle.

7 Secret Departments of Amazon You Should Know About
7 Secret Departments of Amazon You Should Know About

These little-known sections of Amazon are hidden gems for deal-seekers and impulse shoppers alike.

12 Ways to Maximize Your Social Security Checks
12 Ways to Maximize Your Social Security Checks

Following these tips will ensure you receive all the retirement income you’re entitled to — which might be more than you realize.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.