It’s a wishy-washy, love-it or hate-it tactic to saving money for travels: moving back in with the parents. It’s something that I’m in the process of doing this very second, only we’re moving in with Pat’s parents and not my own.
Since we got all the trips booked to both Malaysia and the USA to fall within May and June, and with my lease ending at the end of April, it seemed like the perfect time to call it quits with Killara and save some money on rent that could be used on travel. Plus, I just feel a bit tired with the old Killara.
See, when I first moved in, I had a job that involved leaving the house. Now, I sit at home on the computer all day, lacking interaction with others, and further knocking back my already laid-back look to the “uhm-do-I-really-even-need-to-get-out-of-my-pajamas-today?” style. It’s good to live so freely in that way, but at the same time it would be nice to be closer to some action… like cafes, lunch dates with Pat in the city, etc. There’s NOTHING in Killara except for the Greengate (where we play trivia) and a pizza place that no longer exists to me. I could use a suburb that’s a little less boring to make up for the secluded freelance world I live in.
So, with the lease being up and travel about to begin, it looked like the perfect opportunity to make our break from Killara.
More importantly, it looked like the perfect opportunity to save money because, for the next couple months at least, we’ll be living in a household with minimal expenses.
Is moving back in with the parents worth it?
I’m loving the idea of moving back in with Pat’s parents — now. Ask me this in a week, and you just might get another answer. Overall, I really like my space, I hate being tied to so many people’s schedules and I really don’t enjoy not feeling at home where I’m “living”. Going from independent to family life — where the family does so much together — is generally not my thing.
But, the question is whether or not it is worth it. To that I say: YES!
Each month, Pat and I shell out about $1000 for rent and then heaps more for Internet, utilities and groceries. For 2 months, that’s a minimum of $2000 we’ll be saving, and that screams fun times abroad to me. Granted, we’ll only be there for a few weeks out of May and June, so it shouldn’t be too bad when it comes to handling family life. The real test comes from how long we feel we can last after we get done with the trips.
If there is another month or two of living with the parents then that’s another couple thousand dollars that can go into our travel fund. That sounds lovely, don’t you think?
You need to weigh the costs and benefits.
With rent being so expensive in Sydney, the amount of money we will save makes the inconvenience of not having our own place worth it. Others may not be so lucky. When living in places (like Peoria, IL) where the cost of living and rent prices are not very high, the savings you get from living with the parents may not be as astounding. It is at that point that you have to consider the possible stress involved to evaluate its overall worth.
At what point does it just become mooching?
Pat and I plan to give back for the food we consume and a small rent fee for the time we spend there even though it seems like they’d be happy just to have us around for a while without reimbursement. Still, that’s a good question: Is living at home and spending all your money on travel just being lazy when it comes to real life? What do you think?
Do you have personal experience with moving back home to save money? Would you recommend it to others?
Thrifty Thursday is now happening each week, so if you have a post or a tip to share, please drop me a line. It can cover DIY tours, making your own gear or just plain old “pulling one over on THE MAN”. Looking forward to all you have to share!