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Day 118: Thrifty Thursday Recommends Moving Back in with the Parents

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Day 118:  Pack-a-lacking

Day 118: Pack-a-lacking

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!

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18 Responses to Day 118: Thrifty Thursday Recommends Moving Back in with the Parents

  1. Candice April 29, 2011 at 2:10 pm #

    Ah, big move! You’ll save a crapload of cash…although I still claim the best thing I ever did for my relationship with my parents was move out, haha. Still, I think I’d do it right now considering financial problems. You can make it work!

    • Brooke May 2, 2011 at 7:13 pm #

      Haha, yeah the money aspect helps you overlook the difficulties 😉

  2. Poi April 29, 2011 at 5:13 pm #

    I moved back in with my parents for two months before our trip, turned out to be a very good decision in the end. I was well fed for a change and saved a lot of money.

    Hope it works out for you as well.

  3. Alouise April 29, 2011 at 8:01 pm #

    I moved back in with my parents a few years ago when a roommate situation turned sour. I’m still at home while I’m in school. Part of me is ready to move out, but another part is practical enough to stay at home to save money while I’m in school. Not having to pay rent or utilities has really helped make my student loans manageable. I’m lucky because I have a good relationship with my parents. I think that’s a big thing. If the relationship you have with your family is strained or tense beforehand moving back home will only make things worse.

  4. Rebecca April 30, 2011 at 8:05 am #

    I am totally about moving back with parents when needed. I lived at home all through college (not a big deal at all) and moved out when I got my first job, but when my lease was up and I knew I was going to New Zealand 5 months later, it was perfect for everyone. No rent, plus everyone knew when the time would end! I of course, came back again when I got home from being overseas but while most of my food and all rent was paid for, I never asked my parents for spending cash and forced myself to get up 7 days a week at 9am and get dressed, even if I didn’t go anywhere that day. Well, I was job searching! And the moment I got my job, I paid my parents back super fast for all the things they had paid for and got out within 5 months of my new job.

    Sorry to say, but I would never ever live with my partner in his parents house. I know people in LA that do it, and the whole situation creeps me out. A day or a week, fine. But not to know the end date or for it to be full time? Ekkkk, yuck.

    And yes: Is living at home and spending all your money on travel just being lazy when it comes to real life? What do you think? -> Depends. If you have a long term goal and an end date, then fine. But if you are just repeating the same cycle year after year coming home, saving up and then leaving and only returning when you are broke, then I think something is wrong there.

    But those are just my opinions. Good luck!!

    • Brooke May 2, 2011 at 8:58 pm #

      Uhm yeah I’m having a few issues and it’s only been a few days…

  5. Erica April 30, 2011 at 1:02 pm #

    If the parents don’t mind I don’t see any issue with it. 😛

  6. Cailin April 30, 2011 at 1:53 pm #

    I STILL LIVE AT HOME!!!!! Yes I’m turning 27 soon…. but we don’t live in a big city and if I moved out I would be only 5mins away and suddenly paying $1,000.00 a month in rent when I could just be here paying nothing 🙂
    I get along with my parents, I always have and they put up with my traveling ways. Also they are both retired now and also travel a lot, like at the moment they are in Arizona and I’ve got the house all to myself for 2 weeks, for free…. very lovely 🙂
    Moving back in is awesome as long as you get along with his parents.

  7. Michelle April 30, 2011 at 6:16 pm #

    I lived with my gramma for several years before she passed away. I could help her with stuff like drs visits, shopping, paperwork, and I got to spend time with someone I loved being around.

    As long as both parties are fine with the arrangement, I don’t think there’s anything wrong with it.

  8. Elaine Thatcher April 30, 2011 at 6:53 pm #

    My boyfriend and I are currently living in his parents’ apartment as our lease was up at the end of March and we are going travelling in August. We honestly tried to find a place of our own for that short time but the short-term accommodation situation in Sweden is pretty dire.

    Thankfully his parents are lucky enough to have a summer house which they have moved into, leaving us their lovely city apartment to ourselves. But to be honest I feel guilty as hell. They don’t mind and it was their suggestion but it doesn’t sit right with me – perhaps I would feel better if it was my own parents. We have insisted on paying rent, I just couldn’t feel good about saving money to go off around the world by expecting somebody else to foot my bills, but that’s just me.

    If both parties are fine with it then I don’t see a problem.

    • Brooke May 2, 2011 at 7:10 pm #

      I know exactly what you mean. I don’t like feeling like we’re not carrying our weight, but if they’re cool with it… why look a gifthorse in the mouth?

  9. Fraser May 2, 2011 at 7:19 pm #

    I think it’s a pretty shrewd move, definitely a resource that we should be thankful to have if we have it. I find it slow and exhausting saving at my place with my account constantly being dented by bills (expected and unexpected ones!) – moving back makes saving a much quicker experience as well as being easier.

    Plus, nothing motivates me to travel more than spending months in the tedium of my family home 🙂

  10. Lauren May 3, 2011 at 3:15 pm #

    I think the move makes sense given the fact that you’ll be traveling and you’re trying to save money in this incredibly expensive country. But I agree with some of the others that having a move-out date or plan is good. In the end, sanity matters more than saving money.

  11. Lisa May 16, 2011 at 9:54 pm #

    Hiya Brooke,

    First time here -great blog!

    Have you ever thought of house sitting? That’s what we are doing at the moment. We are starting a new business, so we needed to reduce our daily expenditure. I’ve written about our house sitting plans here http://goo.gl/US5xb

    • Brooke May 18, 2011 at 12:22 am #

      It’s actually something I’ve played around with on many occasions, but the opportunities in Sydney just haven’t matched our needs. Now that we don’t have an apartment lease holding us back, we might be able to make it happen!

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