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Rents have also risen in recent years, with the average monthly rent at nearly $1,500, periPropertyManagement.
Plus,inflationhas driven up the price of everything from eggs to laundry detergent.
According to money expert Rachel Cruze, there are some very good reasons to live with your parents.
It can definitely slow down your personal growth and development in so many ways.
Also seehow Gen Zers and millennials moving back home is reshaping household finances.
Whether its 60 days or six months makes little difference, as long as you take it seriously.
verify Your Four Walls Are Covered
The four walls are food, shelter, utilities and transportation.
Realistically, Cruze said, that reality might not be ideal, so be ready to compromise.
Have a Steady Income
This might seem like obvious advice.
But the real key here is to check that you have some semblance of job security.
If you freelance, have you been getting consistent work for many months or over a year?
If youre employed, is your company solid and in a safe industry?
But sometimes, those lofty goals can hold you back from the goal of getting your own place.
If youre living at home … ask yourself if youre actually making progress, Cruze said.
Thats fine, as long as you make a well-reasoned decision.
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