*Headline should be $, not €.
I just completed my post-grad studies and I’m moving back to my home city soon. I own a home which I’ve been renting out as I made enough profit to cover my living expenses whilst studying by living in a cheap houseshare. I want to take on a 4 year doctorate from September 2020. I am job searching and want to work full time until then, and then switch to part-time work once I start the doctorate training. I want to save a decent amount of money until then.
I am torn between two options. If I move into my own house, which is a 3 bedroom, I will have to rent out the other 2 rooms which will just about cover the mortgage and utility bills. I will make 0 profit. On the plus side, I will be living in my own home and be more independent.
The other option is to live with my parents for a year (same neighbourhood), and continue to rent my house, which makes me $1200 profit per month. Along with a job, I would be able to do some serious saving before committing 4 years to a doctorate. However, I will be a 32 year old (turning 33 this winter) living with her parents. My parents are old and retired, and a bit lonely. They keep suggesting that I stay with them, I like helping them around the house and it’s clear from what they’ve said that I will not be a burden for them. They converted the attic 15 years ago when I was teen and so I have my floor, with my own living room and bathroom, so it’ll be pretty balanced.
I am torn on what to do. I am fed up of being someone else’s tenant, after living in a house share with random 4/5 others for 3 years (so many housemates with disgusting habits that I can’t tolerate anymore at this age), and don’t want to pay rent anymore. At least if I’m in my own home, I can choose who to live with, and it’ll be with only 2 others. I also want to start dating again (my focus has been on education for the last few years), and even imaging telling a date that I’m living at home makes me feel embarrassed. It feels regressive, and I don’t know how many people would respect the idea of me living with my parents to save money.
What would your advice be?
TL;DR: Starting 4 year doctorate in September 2020. Option 1: live in own house with 2 tenants and make 0 savings as the income from tenants will just about cover mortgage and utilities, but be independent and living in my own house finally. Option 2: live with parents for 1 year (who encourage me to live with them) to save money and make profit of $1200 per month and make serious savings ahead of doctorate. Side note: want to start a relationship and worried how this might impact my love life.
Submitted May 11, 2019 at 02:05PM by asklearnknow http://bit.ly/2JyY1RI
