Just because you are now more financially stable, doesn’t mean you should immediately move out.
Moving out means bills eating into your earnings, and while you will have to do it at some point, you shouldn’t be in such a rush and here’s why.
5 Reasons you should still live with your parents even if you’re making money:
1. Avoid steep bills.
If you are getting a good stable income, you can come to an agreement with your family on how you’ll contribute to the home. This will be far cheaper than paying monthly rent, and other expenses that come with living alone.
2. This way, you’ll be able to save more.
Take the opportunity of staying with your parents and not having any bills, to save with the money you earn. You can even afford to put half of your earnings into a savings account, so by the time you do move out, you’ll be balling. You might even be able to buy enough furniture for your new home immediately.
3. Peace of mind.
Bills are a headache, so you get to have peace of mind and enjoy your money before stepping out into the real world.
4. By the time you move out you’ll probably have an even better salary.
So lets say you stay with your parents after 1-2 years of getting a good job, by the time you do move out, you may have gotten a promotion or raise, which will equip you to better survive out there.
5. You start learning responsibility with baby steps.
There’s a lot of responsibility that’s required when you live alone. You can slowly learn this while with your parents. Start budgeting the money you receive, help your parents out and buy the groceries, and by doing so, you begin to learn how to manage your money from home.
Once you move out, it won’t be so hard for you to plan yourself well.