Getting Married ... Live with parents OR Rent (serious)

[DaveSt4r]

I'm getting married to my girlfriend of 5 years. We both have good jobs and will be making roughly 130k combined income, but she also has a large amount of debt from school which needs to be payed off... something like 50k.

Rent around here is about 1500 a month WITHOUT utilities.

I was talking to my mother the other day and they just finished putting in a full bedroom in their basement with an attached bathroom. She's suggesting that we move in with them instead of running off to pay rent. Me and my girlfriend are strongly considering it.

Pros
* Save 18k a year. If you include utilities and all the other expenses, more like $24k, perhaps more. ( I will be paying my parents some money for sure )
* The new room is pretty awesome and the quality of a luxury apt
* Bathroom is balling
* Our own living room down there which is huge
* All my gym equipment is still there... rack, bench, dumbbells... win!
* Parents have a maid
* Closer to work
* Allows wife to concentrate on her first new job, which starts next year
* There is still a lot of privacy, unless we go upstairs
* Save money on rent
* Pay off her loans
* No rush to buy a house... can get when the time is right and we find the perfect place

Cons
* We postpone learning to 'live alone'
* Need to 'sneak out' a little bit, even though the parents don't mind
* I dunno lol

What do you guys think... I feel this is a sick idea, since instead of throwing money at rent, we can save up for a downpayment for a house plus pay off her loans... then go baller status with a new house once we find the PERFECT one...

[blastbeats_stl]

lol at living with parents. grow some ****in balls. move to a city that is more practical

[engj]

You listed 3x as many pros, so sounds like you've made your decision. I say do it for no more than a year. Pay off a big chunk of debt, and save some for a down payment.

At least once a month drive to another city and stay in a hotel for a weekend so you can have loud angry sex without the parents hearing it.

[SleekToFreak]

if you do you can save for a down payment on a house, which is better in the long run obviously

[arn710]

I say give it a shot for 6 months or so

[jandersonx]

Sounds like a good plan honestly. Just set up some solid ground rules, such as your parents not being allowed in the basement.

[DaveSt4r]

lol at living with parents. grow some ****in balls. move to a city that is more practical

your advice makes zero sense.

grow some balls? wut, this isn't a question of how 'alpha' you want to pretend to be, but a financial matter that requires a rational brain

how the hell is moving to a city more practical? based on what? we have jobs... we aren't going to get up and leave randomly

[PLPowerman]

lol at living with parents. grow some ****in balls. move to a city that is more practical

why are you so mad? is it because you had to move out at 18?

[DaveSt4r]

You listed 3x as many pros, so sounds like you've made your decision. I say do it for no more than a year. Pay off a big chunk of debt, and save some for a down payment.

At least once a month drive to another city and stay in a hotel for a weekend so you can have loud angry sex without the parents hearing it.

Yah, I mean at this point I pretty much have... I mean, I'm a bit weary of losing some privacy... but 25-30k savings feels like a no brainer. I am mostly asking the misc so they can help me hash out any holes in my plan.

But yah, I forgot to list the other pro. With that much extra loot, we can definitely get a hotel/motel even once every week or two, especially if we plan in advance for sick rates. That way we can party our ass off on the weekend, chill at the hotel/motel at night, then head back home for the work week. Not to mention... we can do this is ANY city we choose to hit up that week.

if you do you can save for a down payment on a house, which is better in the long run obviously

ya for sure

I say give it a shot for 6 months or so

ya, if things go bad, we can always change our plans

Sounds like a good plan honestly. Just set up some solid ground rules, such as your parents not being allowed in the basement.

exactly, i agree... the only thing I WISH so much is that it was a walkout basement. Instead, there is a door with a bunker door leading out Even so, its easy to B-line to the basement stairs from the garage.

[GolfPants]

Definitely do it OP. The financial benefit alone is more than worth it. Especially if your wife has debt, paying that off as soon as possible should be the goal. I plan on living with my rents for another year or so myself. Lol @ haters, do what is fiscally responsible for you.

[majszownik]

if you AND your wife have good relations with your parents it's worth it.
but it's important that especially she feels good around your parents and vice versa since she might feel she's not at home and they can feel like she's an intruder. it's different when you're visiting somebody, even very often, and it's different when you LIVE with somebody.
and you should be sure that you won't interfere with your parents life and they won't interfere with your life as a family.

[PowerOfTruth]

If you're not ready to get married, then don't. It's really that simple.

You can justify it any way you want, but living with your parents = not ready for marriage.

[kiddink]

edit: but he does make a good point^^^

move in with your parents, pay off debt, move out.

why make yourself pay more debt just so you can be labelled as independent.

you americans are so freaking insecure.

brb 60k in debt but as long as i live alone im a real independent man!

[Mangos]

If you can go for it. I know that as much as i love my parents, after living on my own i enjoy the freedom of my own place and couldn't go back.

[NaSaVeLi]

Do it. Move in with them. Don't let ppl bash you about it either. You probably make more money then those carnies anyway. Save up some cake and pay off that debt. You guys both make solid money. No harm in not paying rent for now. Plus dude, you got an effing wedding to pay for as well. Good luck bro.

[pakmansc300]

edit: but he does make a good point^^^

move in with your parents, pay off debt, move out.

why make yourself pay more debt just so you can be labelled as independent.

you americans are so freaking insecure.

brb 60k in debt but as long as i live alone im a real independent man!

This

[Steak_n_Taters]

lol, fukkin move out.

Are you kidding me?

I'm in about the same situation money and fiance-wise (except no debt), and there is no way I'd consider living with my parents.

If you really combine for $130k you should be able to rent a place, pay off her debt completely, and save a decent wad in 1 year.

edit: just saw you are 25, DEFINITELY move out. Get on your own, even if it will be a little "harder."

Realistically you may pay an extra couple thousand in interest because it will take slightly longer to pay it off - is that really worth delaying true independence?

[elite_nhl]

save some cash for a bit and after that you'll be laughing, good luck bro

[agua2]

i knew a guy (married) who had a big house and decided to help out his brother (just recently married) and let them live with them. i think it took about 5 months before the brothers and wives went from friends to bitter enemies.

i think living w/ ur parents is a terrible idea op.

[ironstrife]

Dont care about anybody says... live with ur parents its the smart thing to do.

It aint like you're playing video games in the basement of your parents house.

Save money and live with the family. Your parents aren't going to be around forever, so why not spend more time with them when they are around?

Family support system totally lacks in america, you see tons of depressed lonely people.

(assuming that your parents will respect your space)

[blastbeats_stl]

why are you so mad? is it because you had to move out at 18?

i was just messing around brah. i stayed with my parents 2 years out of school and then bought a house. i would do the same if i were the op

[BrainChild]

you do what you gotta do. forget what others say

[brownvirgin]

You listed 3x as many pros, so sounds like you've made your decision. I say do it for no more than a year. Pay off a big chunk of debt, and save some for a down payment.

At least once a month drive to another city and stay in a hotel for a weekend so you can have loud angry sex without the parents hearing it.

this legit is the best answer

[YIAMSOMEBODY]

Live with the parents for a while. Stack your chips, pay off her debt and then relocate somewhere after you've saved a good amount of money and half, or damn near all of your debt has been wiped away.

Besides, it's not like they don't want you there....they offered that you do it, so take it.

I would.

[SwedishBrah]

I'm guessing you're younger than 25 since you're still living with your parents, so here's option #3 - DON'T GET MARRIED. You are too young.

[Dhboy]

Saving money = win.
Getting married at 25 = fail.

[Steak_n_Taters]

Saving money = win.
Getting married at 25 = fail.

Living on your own while saving money = more win

[buckeyenutz]

strong cons. move out homo.

[Tunes]

Give your parents a break bro... I bet they would like to do some living alone - don't be a burden on them.

[FunSize1990]

Def stay with parents, pay off debts, save enough for a deposit on a house. I mean as long as there is space to start your life together. I don't see the problem.

I was out of home for 3 years going through my "independant streak" I spent over 25 grand on rent. Feelsterribleman.