Being willing to share household expenses is HUGE. I invited my son to move back home when he was young. With no rent, utilities etc, he paid off his car and student loans quickly. He covered his car insurance and phone and personal expenses, but he was able to make like four or five payments per month on his debt. When he moved out, his student loans were gone, his car was paid for, he had an emergency fund and enough cash to purchase decent furniture. It really set him up.
Being willing to share household expenses is HUGE. I invited my son to move back home when he was young. With no rent, utilities etc, he paid off his car and student loans quickly. He covered his car insurance and phone and personal expenses, but he was able to make like four or five payments per month on his debt. When he moved out, his student loans were gone, his car was paid for, he had an emergency fund and enough cash to purchase decent furniture. It really set him up.
That’s wonderful.