For the past two years my daughter has been living at home with my wife and I, and while it is normal for many teenagers to live with their parents even after college, she graduated from college nearly two years ago, and she’s still here.
However, this is not due to the fact that she does not have a job or can afford to live on her own but, it is mostly due to the fact that we like having her and she likes saving the money.
There are so many expenses that come with living on your own that I know she is not ready for, so I am glad to help out as much as I can. In fact, just the other day, I had to call up the heating and cooling company to ask for pricing on a new furnace. Lately, the heating in the house has been uneven and difficult to maintain steady heat throughout the entire home. It was almost certain that I’d need to replace the gas furnace altogether. The heating and cooling technician informed me that it was going to be in the ballpark of $2,000 to $3,000 at a minimum. This wasn’t including the manual labor costs in addition to all of the other things that go into this process. To be honest, this kind of expense did not even surprise me. It seems like we are constantly putting out little fires when it comes to owning and maintaining a home. However, my daughter is not financially secure enough to pay large expenses like that out of the blue. I want her to save up as much money as she can before she leaves the house. We have agreed that she will stick with living at home for one more year and save as much money as possible during that time.