ToxicBunny
Oi! Leave me out of this...
Only child?
Nope... but I'm the one who lives nearby....
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Only child?
I think the problem with being at home with parentals is subject to how they parenting and what the limits are. Some parents will encroach on their kids lives forgetting that from about 23/25 the kids need to do their own thing(good or bad and learn from it) or risk forever being dependant. The fact that is that living under your parents roof means they have a say in life, this is not always a bad thing but means you don't need to take ownership of choices.
It's ironically the safety net issue.. when a person knows there is a safety net they either take more risks or lesser/no risks than needed in life as they know there is a plan b ready and waiting so don't need everything to work. If you ask most people who are staying with folks if they have been saving up for an apartment, pension, etc i suspect this is no. I also suspect most stay with parents folk are likely to earn less(again unless doing something spectacular) and be content because the cost of living is not really known and not factored into things.
The thing is this.. is buying a fancy car the ideal? Ironically my mom told me this a few yrs ago.. come back to cpt, stay with us and then u can afford to get a super spiffy new car.. isn't that great? <-- in the mean time the proper thing to do is to save the rental funds for housing in future. A parent who is mindful of this and wants their kids to be completely independent will ask for rent.. sounds cold but really they helping the kid and if they want to be nice, will put it in an investment for future when he leaves.
The time i moved back home sucked a lot, really felt like i went backward but ok, i did so because jobs in cpt sucked 5-7 yrs ago but thats just how cpt is.
This x1000When?
When you feel that you are restricting your parents from living the lifestyle of THEIR choice.
So I still kinda stay with the rents.
Here's a little life story:
I first moved out when I was turning 19, stayed in a flat which was walking distance from my university.
I moved back in with my parents around 25 cause I was doing my Masters, I didn't need to on campus on campus as much as the previous years so this was a logical step to just drive there on the odd days.I started working last year, I was originally going to move out cause the drive from my parents house to work was 45km one way...so in a week I kinda a drive to Durban. Luckily I got to car pull with a friend and that made things easier as it gave me a break on alternating weeks. With the cash I saved I decided to build a cottage in the backyard of my parents house. It's got a bathroom, bedroom & a small entertainment area. No kitchen, I still have to go inside the main house to get food. But I save a bunch (in my eyes) not paying rent, electricity, groceries & other expenses. I do contribute to the household, but definitely not as much as other bachelors need to set aside for their own expenses.
Now I got a new job, so no more car pulling. The drive is about 36km one way, so not that bad but still horrible since I get hit by the Gillooly's traffic interchange if I don't exit the house by at least 6am.
Anyway, I realised next year I'll be turning 28...28!
I was planning on the stuff I need to do like travelling. I've never traveled much & I need to do that. I was even thinking of getting a new more comfortable car for travels. But then it hit me, I'm 28 & still living with my parents...is that a bad thing? Financially, it has been the best decision I could make. But has this set me back in other regards like getting proper independence? Like I said, I stayed on my own for years before, so not sure on that. Is it bad for someone my age to still be living with rents? Of course their needs to be a limit, I can't be 30 & staying here.
But there are other factors, I don't want to be paying someone's bond off. Do I rent or take my savings & dump it in an apartment/town house or something of that nature? Can I balance this & still be able to travel? Of course if I move out I need to can the idea of a new car.
Hey, so lots of text...but I'm just looking for advice and what other people ended up doing.
My dad kicked me out the house when I turned 18. We had quite a bad relationship, but moving out was the best thing I ever did.
Some dads too![]()
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Parents moved out when I was 23…![]()
:wtf: is car pulling? Are you a part time tow truck driver?
You should at the very least be paying them some rent.
Carpooling*.
And yeah, financial independence is probably more important in the long run than some arbitrary age when you feel you 'have' to live on your own. Do what makes the most sense, considering all involved.
Are you actually putting the money you save to good use?
Basically this.
I've been putting it in the Absa Depositors Plus cause it has a good interest rate.
But I need to start looking what else I can invest in.
LolGet laid? What is this getting laid?
Most of the time I do it at their place,even though I invite girls over they always seem some what intimidated to come here.
Heard this argument a couple times.. Great points! @tsume I believe Mark Manson touches on it at some point too.
From a financial stand point, it's awesome and you'll be able to buy the car you want and save for a deposit.
Personal growth wise, do you feel you've become less independent since moving back home or less "adventurous" ?