Moving into garden cottage - is it worth while

[Pho3nix]

Sure, economically it makes sense (only for the individual concerned, though), but freeloading off your parents for ten years IMHO does more financial and personal growth damage than it's worth in the long run.

Free-loading wasn't what I put forth. Helping with groceries and even paying rent but much less than current standard.

Pay your parents a % of your take home pay as rental for letting you stay there.Why must your parents look after you when you have a job of your own?
Exactly, so when it comes time to bond a house, you already have the concept in mind and have learnt how to budget...

This idea I fully agree with. Albeit your parents would have to know how much you earn

 

[Polly101]

When I started working but was still living at home, I was told that 10% of my gross salary was now "Room and Board"

At the same time I started saving as well for a house.

Imagine my surprise and delight (and ever-lasting gratitude) when I was signing an offer-to-purchase and was told that all my "R&B" money had been invested for me for this moment - I had a HUGE deposit which really helped with the cash flow situation
my folks!

 

[Malasius]

In reality, nobody ever saves the extra money from living at home. Move out and start living your own life. You will have a head start on those that live with their parents until they're 30.

+1