Latest news with #movinghome
Yahoo
25-05-2025
- Business
- Yahoo
You Should Live at Home To Save Money Only If You Have This One Thing, According to Jade Warshaw
When some people lose a job or have another change to their economic circumstances, they might consider moving back in with their parents to save money for a bit. Financial coach and co-host of 'The Ramsey Show,' Jade Warshaw, said this is a bad idea-unless you have one thing. She recently posted on her TikTok explaining that you shouldn't move home unless you have an exit strategy. Read More: Find Out: Building an exit strategy can seem daunting at first, but it might be the only way to make sure you don't end up living at home longer than you intended. To supplement Warshaw's point, Oliver Morrisey, an estate lawyer with Empower Wills & Estate Lawyers, offered a game plan for those thinking of moving back in with their parents. Here's how to move back with your parents in the most effective way possible. Moving back home without a plan can mean overstaying your welcome or living with your parents for much longer than you wanted. One way to avoid this is by setting a date to move out before you even move in. To go one step further, Morrisey suggested drafting an informal contract. 'A simple one-page agreement is enough as long as it includes your full name, your parents' names, the move-in date, the agreed move-out or review date, and a brief statement confirming that everyone understands and accepts the terms,' said Warshaw. 'It should be signed and dated by all parties so there is no ambiguity later. A move-out date that's documented and acknowledged gives the arrangement structure and lets you treat this living situation as a transition, not an open-ended stay.' Discover Next: Even if your parents don't ask for rent money, Morrisey said it's a good idea to give something. He said this could be as low as $200 to $300. 'This shows you're treating the arrangement seriously, and it reinforces that you're there with a plan to leave, not stay indefinitely.' Once you have a date to move out in place, know how much money would be enough for you to go back out on your own. If possible, this should include extra money for emergencies. Morrisey then said you can break that savings goal down into months to make it more feasible. 'Let's say the total comes to $9,000. Break that down into monthly savings goals based on how long you plan to stay. If you're aiming to move out in six months, that would mean setting aside $1,500 each month. Mapping this out clearly gives you structure and makes it easier to track your progress,' said Morrisey. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on You Should Live at Home To Save Money Only If You Have This One Thing, According to Jade Warshaw
The Independent
11-05-2025
- Health
- The Independent
Moving home ‘more stressful than having a child or undergoing tooth extraction'
Moving home is seen as more stressful than having a child, undergoing a tooth extraction or being grilled during a job interview, a survey indicates. The loss of a family member was voted life's most stressful event, with two-thirds (65%) of people opting for this. This was followed jointly by taking care of an ageing or ill family member or going through a divorce or separation, with 39% of people surveyed selecting these options, according to the survey for Compare My Move. Moving home was ranked next on the list of life's most stressful events, with a third (33%) of people opting for this. Having a child and losing a friend were both chosen by nearly a fifth (19%) of people surveyed as one of life's most stressful events. A job interview was chosen by 15% of people, doing a presentation in front of an audience was selected by 13%, a tooth extraction or major dental work was selected by 12% and starting a new job was highlighted by 11%. The survey of 2,000 homeowners across the UK was carried out in May by OnePoll and people were able to choose multiple options. Compare My Move co-founder Dave Sayce, said: 'These latest survey results confirm what many of us already feel – moving home is one of life's biggest stressful events, ranking even above having a baby. 'It's a complex and emotional process that can take a toll mentally and physically. But with the right preparation and support, it doesn't have to be overwhelming.' Here are five tips from Mr Sayce for taking the stress out of a house move: 1. Plan early. Create a moving checklist and timeline to break tasks into manageable steps and avoid last-minute panics. 2. Declutter before packing. Streamline belongings to reduce what needs to be moved. This could also help to save money on removal costs. 3. Find a reliable moving company that suits your needs and budget. This will help to save time, money, and stress. 4. Label everything clearly. This will help make unpacking quicker and easier once you are in your new home. 5. Have a box for 'essentials'. Include items you will need to access immediately, such as toiletries, chargers, important documents and snacks to avoid rummaging through boxes on your first night in your new home.
