I tell my kids if you stay with us, you’re paying rent.
Actually it’s not a bad idea as it keeps the wealth inside the family, better that than paying rent to some other family.
And I also expect them to sock away at least $200 per month into savings, money saved in your early 20s makes a huge difference when it comes to what you’ll have at retirement.
Agreed. I never rushed my kids out, either. Moving out can happen in steps. I tell them to first focus on job training - college or trade school. Then buy a car. Then move out. But, above all, avoid debt and save money.
My daughter is nine and I teach that her life here is temporary. Her real big life is out there in the world. She has an American passport.