Thinking of moving back home to save money on rent? Whether you’re moving back home after college or in your 30’s having already lived on your own for a while, we’re sharing our best tips to make it a smooth transition.

Why are more millennials moving back home?

For many, it comes down to the finances.

We’re the “lucky” generation that gets to experience a double whammy. First, cost of living is shooting up faster than ever, thanks mainly to rising housing costs.

On the flip side, not only is the average income earned failing to keep up, it’s actually going downwards.

So the reality is, it won’t easy for young people to get up on their own two feet right away.

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  • Check local ads & Craigslist to see if you are overpaying for your area.
  • Decide if there are any amenities you would give up in exchange for a break on the rent.
  • Remember: the bigger a change you’re willing to make, the more you could save.

Is moving back home the right decision for you?

If you’re moving back home for financial reasons, it’s important to consider the pros and cons of living with your parents to determine if it’s the right move for you (pun totally intended).

Here are some key factors to think about.

Savings potential

Pro: You can save huge amounts of money that would otherwise go to a landlord for rent
Con: It’s easier to spend more on other non-essentials if you get too comfortable living with parents

Parental involvement

Pro: Parents can help you in other ways, such as by babysitting or cooking meals
Con: They might impose stricter house rules that leave you feeling stifled

If you decide that you have more to gain by moving in with your family, then let’s get into the tips that’ll help you make the most of living with parents.

Survival Tips for Moving Back Home

Tip 1: Get into the right mindset.

Don’t pity yourself or feeling embarrassed about this decision. You probably didn’t come to this decision lightly, so if you’re moving forward with it, own the choice that you made by making the conscious decision to get the most of it.

It’s not like you’re heading into a prison. It’s just your parents’ place.

Tip 2: Set savings milestones and a move-out date.

Have a clear exit strategy with a plan to make it happen. The whole point of moving back with your parents is to save money to build your financial future, whether it’s a down payment towards your home or paying off debt.

Set goals to track your progress along the way and come up with an estimated move-out date so that there will be an end in sight.

Understanding that this is a temporary rather than indefinite arrangement can help ease reservations either party may have of committing to this new living situation.

Tip 3: Talk about requests and expectations beforehand.

It’s important to set boundaries since the parent-child dynamic is different when you’re an adult child.

It also helps to cover the same stuff that landlords and tenants do on a rental agreement. Having that conversation and coming to mutual agreement beforehand can help avoid tension, which are bound to arise if both parties are making assumptions and end up not seeing eye to eye on touchy situations.


Some topics you should talk about beforehand include: utilities, house rules, guest policy, repairs.

Tip 4: Don’t be a freeloader.

Since you’re an adult now, your parents shouldn’t be footing the bill for your new lifestyle. Contribute a portion of rent or agree to pay for a shared expense like groceries.

When you are back home, it’s be easy to get lax or unmotivated, so think carefully beforehand if you’ll have the will to overcome that.

Tip 5: Chip in around the house.

Maintaining your home is your responsibility whether you are a homeowner or a renter. This should be no different if you choose to live with your parents.

This includes chores and repairs around the house, or even if your parents just need a helping hand with some of their personal stuff.

Tip 6: Be grateful.

Your parents had enough of your eye rolls in your teen years.

Understand that your parents aren’t obligated to take you in, so appreciate that they’ve agreed to do this to help you out.

Show your gratitude and do nice things for them, just ‘cause, every once in a while.

Tip 7: Know that parents will always be parents.

Both the good, like looking after you, and the bad, like nagging or scolding you like you’re still 10.

Now that you’re an adult, be mature about it. They usually mean well. Talk it out if things really bother you.

Tip 8: Practice life skills or learn from your parents while you can.

Your parents have been adulting longer than you, so take the time to learn new skills from them.

If you haven’t been out on your own, now’s a good time to figure out how to do stuff like laundry or grocery shopping.

If you’ve been on your own for a while already, learn some family recipes, life lessons, or other talents that could come in handy.

Tip 9: Enjoy your time with them.

Since you’re living with them anyway, do stuff with them while it’s convenient because it might be harder to once you move away.

Like, you know, talk to them. Reminisce about the past. Go out and do stuff together. Have that familial interaction.

And especially if you have kids, give your parents the joy of having youthful energy around the house again and let your kids cherish being doted on by the grandparents.


Moving back home can be a very smart way to bulk up your savings. Following these tips can help ensure that you get the most out of living with your parents, both financially and emotionally.


  • Check local ads & Craigslist to see if you are overpaying for your area.
  • Decide if there are any amenities you would give up in exchange for a break on the rent.
  • Remember: the bigger a change you’re willing to make, the huger your savings.