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With today’s economy, more and more kids are returning to the nest after college, or, in some cases, never leaving.They are called boomerang kids, and their numbers are growing.However, in many cases, not charging grown kids rent may be the better decision.Check your rate using Ready For Zero's free debt consolidation tool.
Perhaps give him 6 to 12 months rent free so he can get on his feet and find a good job. Rather than limiting his progress by charging him rent in the beginning when he is struggling the most, you set clear expectations, and he can ideally pay some money to you after a year when his finances are better. If she had set that money aside and given it to me before I went to grad school, I could have saved myself an additional ,000 in student loans (if you need help paying off debt, don’t forget to try out Ready For Zero).And even those who are employed are often underemployed.I moved back home 15 years ago after the only job I could find with my English degree was a secretarial job at a janitorial supply company making ,000 a year.Meanwhile, I had ,000 in student loans to pay off.While I don’t fault my mom for having me pay 0 for rent, my money was extremely tight.