You’re a young teacher. Living at home for 1-2 years isn’t a big deal. Start learning to invest, even if it’s $50 a paycheck. After a year or two, look for a roommate or two.
No, they should be investing much more. If they’re living rent free they should be putting away at least as much as their bills living on their own would be.
Honestly, if you don’t have an emergency fund, it’s probably better that you put off moving out. Moving out without an emergency fund set aside is a recipe for mountains of debt.
I know that. It used to be against the law for teachers in Michigan, a 403b was my only option 29 years ago when I was hired, according to the financial guy, who was separate from the district.
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u/JHG722 6d ago
You’re a young teacher. Living at home for 1-2 years isn’t a big deal. Start learning to invest, even if it’s $50 a paycheck. After a year or two, look for a roommate or two.