Just curious, who here has moved away from home only to have to move back in with your parents to save money? The times are tough and it's really easy to get deep in trouble financially with credit cards and such.
Moving back in with the parents to save money?
- Thread starter honestabe
- Start date
I haven't found myself in a situation where I would do that, but I wouldn't have a choice anyway, they all moved 1000 miles away when I moved out.
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i hope it never has to happen to me. but then again i don't and shall not ever use a credit card. i spend what i have and only what i have. 
I recently did. Just some stupid choices with jobs and spending money in the wrong places. Starting to get back on my feet and planning to move back out by the end of February
Maybe a change in lifestyle is what you really need?
I have been pretty broke lately with going to school and such, and basically I just completely cut out all hobby spending and about 2 times a month I will go skiing or do something that is sub $20 for entertainment.
I have been pretty broke lately with going to school and such, and basically I just completely cut out all hobby spending and about 2 times a month I will go skiing or do something that is sub $20 for entertainment.
Whether you live with your parents or not its easy to get into trouble with credit cards. I never use cash to pay for anything. Pretend a credit card is like your debit card and you can never get into trouble. That isn't to say living with parents isn't gonna save you money because it can save you a ton haha. Ill live at home as long as I can and money isn't a problem for me.
For me and my wife we could save $400 per month. We just cut out $84 per month in entertainment expenses. For the last 3 years we have been living off my MGIB, but it is about to run out in June and we're heavy in cc debt. And one of my credit cards just raised my interest rate from 9.9% to 18.99%. My wife is unemployed right now and is trying to get her drivers license. To boot, she doesn't have her own car and we only have the Supra and Geo and she can't drive a stick (I'm teaching her) and I drive too much to be able to afford to drive the Supra on a regular basis. By moving home we could reduce our monthly bills to about $600 per month including food.
its ok as long as its a temporary situation. wouldnt make it a lifestyle. i had to do it a long time ago after blowing my knee out. i got my ass out of there as soon as i could. I have a very good relationship with my parents, hell they have asked me to move back in several times...lol, im too old for that. they have a serious case of empty nest syndrome, even though it was like 15 years ago my sister moved out and got married.
Um guys, there is absolutely NO reason to have a credit card..period. you cant get bit by a snake that isnt in your wallet.
Um guys, there is absolutely NO reason to have a credit card..period. you cant get bit by a snake that isnt in your wallet.
trucker;1672159 said:
Good advice here man, I paid mine off and have only used it once since, to snag an ecu setup that I figured would get snagged out from under me if I didn't get it then. Paid the thing back off maybe 12 days later, didn't pay a cent of interest.
Abe, there's nothing wrong with living with family if your situation dictates it. I moved out for the first time, into an apartment with an old friend of mine from high school. This was in 2004, I was... 20 at the time. Moved out about 4 months later to take a job in Wyoming. Things didn't work out (ex girlfriend that lived in AZ at the time I was up here nearly died of a series of seizures), so I moved back in with the old roommate. About another year (mid 2005, horrible time to move in AZ, hotter than hell) or so passed, ended up moving back up to Wyoming and lived with the parents until the middle of 2007, when I moved back down to AZ with some other friends in the Supra community. Got laid off from my job of nearly 3 years down there, when the housing market tanked, had trouble finding a job that could pay the bills I had at the time, so I moved back in with the family again in mid 2008.
Been up here with the family since, going on a third year living with them again, I'm 27 now, and finally looking into getting myself a house of my own. Housing is expensive up here (artificially inflated if you ask me, quality vs price is WAY out of whack here), but I found a place that should meet my needs. Just getting my ducks in a row now, hopefully be the last time I have to live with the family, although I get along with them well enough, but eventually, most people need to move on. I need space for my cars. That alone is pretty much my sole motivation to move out.
I think it should be the last option. If you can fight through it, Fight it. You will appreciate it more when you do, and are less likely to fall into the same situation. Just my opinion. Most of us get in over are heads at one point or another. I was when I got divorced. I vowed never to live like that again. I have no credit cards now and it been 9 years. I live on cash only basis.
Don't know about you guys, but when I unexpectedly blew my engine, I had to use a CC to pay for a new engine and installation, I sure as hell didn't have the cash when I was working for minimum wage...
I would never want to move back in with my parents, just due to the fact that they did their job, which was to raise me until I was good to go on my own, which I have. I'm about to get married in a few months, and moving back in would be insulting, saying they failed as my parents.
I would never want to move back in with my parents, just due to the fact that they did their job, which was to raise me until I was good to go on my own, which I have. I'm about to get married in a few months, and moving back in would be insulting, saying they failed as my parents.
RazoE;1672202 said:
money in the bank negates need for credit in emergency situations....if engine in my satty blows, i go pull it out of savings...if you dont have the money in savings, get it there, i dont care if you make minimum wage or 200k a year...
I always get a good chuckle out of all the anti-credit card people. While credit cards can be problems, it's generally the cardholder that causes the problem. Here's a simple tip: Don't spend more than you have in cash to cover that expense, and don't let the bill roll over to the next month so they make money by charging you interest. Pay in full at the close of every statement.
I use my credit card for everything from EZ Pass (bridge tolls, toll road payments, etc..) Mobil Speed pass (gas, Mobil convenience store goods), car parts from internet vendors, all kinds of stuff. The key is that I NEVER have more on the card than what I have in cash to pay it off. Ever. Period. I've never gotten myself into trouble, never overspent, never waved my card around thinking I had all the money in the world. I use it for things I need on a daily basis, like the EZpass mentioned above- and with that, I SAVE money, as I only pay fifty cents to cross bridges instead of a dollar. Right there on a normal month, is a savings of $10.50. Not to mention I get 1% cash back on every single purchase I make. Not much, but it adds up, and it's more than I'd get if I used cash.
I commute 30 miles to work in a truck that doesn't get fantastic mileage. No, I won't get a commuter car, I like my truck. I go through a fair amount of gas. All that gas goes on the SpeedPass, which then goes on the credit card, which then earns me 1% cash back. Once I hit $50 worth of cash back bonus, I apply that back to my credit card bill, thus reducing my bill by $50 roughly every two months.
I also NEVER let them get me with interest. I pay the charged amount in full, every single month no matter what.
Self control. Get some.
I use my credit card for everything from EZ Pass (bridge tolls, toll road payments, etc..) Mobil Speed pass (gas, Mobil convenience store goods), car parts from internet vendors, all kinds of stuff. The key is that I NEVER have more on the card than what I have in cash to pay it off. Ever. Period. I've never gotten myself into trouble, never overspent, never waved my card around thinking I had all the money in the world. I use it for things I need on a daily basis, like the EZpass mentioned above- and with that, I SAVE money, as I only pay fifty cents to cross bridges instead of a dollar. Right there on a normal month, is a savings of $10.50. Not to mention I get 1% cash back on every single purchase I make. Not much, but it adds up, and it's more than I'd get if I used cash.
I commute 30 miles to work in a truck that doesn't get fantastic mileage. No, I won't get a commuter car, I like my truck. I go through a fair amount of gas. All that gas goes on the SpeedPass, which then goes on the credit card, which then earns me 1% cash back. Once I hit $50 worth of cash back bonus, I apply that back to my credit card bill, thus reducing my bill by $50 roughly every two months.
I also NEVER let them get me with interest. I pay the charged amount in full, every single month no matter what.
Self control. Get some.
Nope not everyone's perfect. like some people around here. Not gonna mention names so I don't get banned. Shit happens, most of us get knocked on our Ass. That's what family are for. To pick us up dust us off,and get us pointed in the right direction. Good luck I hope the best for you and your family.
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shaeff;1672331 said:
So if you are so disciplined, why not use a debit card?
i dont use credit cards, yet i perform all the functions you do. i dont think i have spent more than $100 in cash in the last few months either. i only write about 3 checks a month. I have all the same protections that a regular credit card does. I book flights, rent cars, all that good stuff people seem they think they need a cc for.
Like i said, you cant get bit by a snake that isnt in your wallet. As for your "gaining the system" good luck. they have not built huge buildings and become dominating corporations by accident. Without trying to sound disrespectful, you are a fool if you think you are going to beat them at their game. Sure, you can hit a jackpot in Vegas on occasion, but eventually, the house always wins. As a lot of people even in this thread have discovered that the hard way. You may never pay a dime in interest, you may continue to get that 1% back every year. But the statistics say that wont last forever. They have bet billions of dollars on it, and do a damn good job of making sure the odds are in their favor.
The only difference between your Visa cc and my visa dc it that i will never go into debt with mine...
i work for one of these evil credit card companys...
our average apr is 22.9 for new customers... we offer 2% cash back
i see so many ppl ruin their lives, they treat a credit limit as a paycheck and they start sinking into debt.
if your late 3 months on the accnt your apr skyrockets to the max gov limit of 29.9%
its best to just stay away, im 22 and ive been working here a lil over 6months... life experence for sure!!!
our average apr is 22.9 for new customers... we offer 2% cash back
i see so many ppl ruin their lives, they treat a credit limit as a paycheck and they start sinking into debt.
if your late 3 months on the accnt your apr skyrockets to the max gov limit of 29.9%
its best to just stay away, im 22 and ive been working here a lil over 6months... life experence for sure!!!
Visa debit cards were not offered in Canada until very recently. If I wanted to buy online, or get a hotel room, etc. I needed a credit card. Having one now, it's much more convenient, I love it.
I know a lot of people with $10,000+ on their credit cards... I've never paid interest on my credit card, except maybe one time when I paid a couple of days late.
Jeff
I know a lot of people with $10,000+ on their credit cards... I've never paid interest on my credit card, except maybe one time when I paid a couple of days late.
Jeff