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

Save More Money This Year Using 5 Fun Tricks
Save More Money This Year Using 5 Fun Tricks

Saving money doesn’t have to be painful. Here are some ways to game yourself into stashing more cash.

15 Gadgets Under $60 That Can Boost Your Health
15 Gadgets Under $60 That Can Boost Your Health

These Amazon finds can zap your back pain, purify the air and even protect your heart.

11 Small Money Moves That Will Make a Big Difference
11 Small Money Moves That Will Make a Big Difference

These 11 small money moves will pay off big in the long run. Make the changes today.

View this page without ads

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

Get Started

Comments

Trending Stories