Homeward Bound

They’re called boomerang kids, adultescents, thresholders. Across the pond, the term is kippers. College grads moving back in with their parents are becoming a common trend and the nicknames are plentiful. But are they clingy or just financially savvy? Weigh in with your thoughts on moving back home after graduation.

Moving back home does make since and can be a win win situation. It defiantly helps out the graduate or student because the rent is usually less or nothing at all. Moving back can help parents out because the graduate or student can help out with some of the bills and work around the house. Some parents also enjoy having their kids around again the company.

I haven't even finished my degree but I moved back in to save money. The meal plan is exquisite and my old room is still nice and roomy. It's actually cheaper for me to help out with bills at home than to live on my own or even rent with friends. I say "keep it in the family" as long as it's a functional family. Besides, with school and work I don't have too much of a social life that having family at home can interfere with. I think our society is getting too caught up in independence and forgetting about the importance of family and community cooperation.

If you can handle it, it's financially savvy. After the Peace Corps, it was NECESSARY to live with them because my student loans were coming due and I had no money. But once it becomes a problem for anyone, it's time to go.

If you have a good relationship with your family while you're together (remember: sometimes it's easier to get along from a distance), moving home can work well. It certainly has obvious financial benefits- no or little rent, fully furnished, etc. However, I think that there should be guidelines that preserve respect for both parties. The "kippers" should have a plan like going to school or working for a year or two and then moving out. Parents might feel used if there's no end in sight. Also, kippers need to respect their parents rules like reporting their whereabouts and doing chores, especially if there are younger siblings that are held to the same standards. Most of all, it should be looked at as a stepping stone eventually out, not a hotel.

With the cost of living in some areas, why not? I think it's great that there are supportive parents out there. By saving costs living at home (not forever though!)you can get on your feet and keep from racking up credit card debt.

I know a bunch of people who moved back home after graduation. I think it's ok for a little bit while new grads re-focus and start hunting for a job, but the emphasis should be on moving forward and becoming independent.

No doubt a personal decision. For me, it was 99% financial. The added bonus - developing a newer, more friendly relationship with the parents as an adult.

are you kidding? savvy. See housing prices, credit scoring methods. Out of college and even grad school you can't afford a house except out in the boonies, and why would you throw money away to pay your landlord's mortgage?

Like many things in life, it depends on the situation. For some college grads and their families, it may just be plain smart to move back in, at least for a short while. Some parents want their kids to come back home and even resist their departure. For other grads, though, moving back in can be a sign of other problems or of unreadiness. It all depends!

It is smart to move back in with your folks after you graduate, if they let you!
You have the opportunity to save and build a nest egg and start paying back your student loans.
I say swallow your pride and move back home.

I think to move back in with your parents is financially savvy.

Unless you've got a job paying well over 60K when you graduate, it's hard in this society to make it on anything less than a 60K salary.

Staying at home cuts down on your expenses and allows you to pay down loans and save for your on home.

I think if it is a temporary thing, especially if the grad does not have a job lined up, then it seems like a great financial solution. There's no sense limiting yourself by settling down in one city while job hunting. After a year or so it becomes a separation problem/motivation issue though.

I think it is a great idea to move back in with the parents for a year or so after you graduate to work and save some money. Longer than a year though and you are becoming clingy.