Question of the Day: Should You Let Your Grown Kids Live with You?

Apr 27

Question of the Day: Should You Let Your Grown Kids Live with You?

I haven’t done a question of the day in a while.

Yesterday’s post got me to thinking about this. So, here’s today’s question(s) of the day:

Would you allow your grown child to live with you? Under what circumstances? Would you have rules?

Here are my thoughts…

I haven’t discussed this with my wife, but I might be willing to let a kid move back home if they went to college. They would need to get a job and they would need to live a like a pauper while they were living at home. I would require them to set up a savings account for an emergency fund and a downpayment on a house. I might also require that they give me account access to it so that I could hold them accountable. I would also require them to put the maximum amount into their 401(k). They would also need to contribute to the family food budget and handle some of the chores arount the house.

I don’t think these stipulations are unreasonable. What do you think? I hope it never comes to this, though.

Your Financial Guide