This is exactly how much money millennials should save up before they stop living with their parents, experts say
One 25-year-old man living with his parents asked users of the social-media site Reddit to chime in on his mother’s advice that he save up between $10,000 and $15,000 before he moves out.
Rather than having anxiety about her son leaving home, Gambaccini said the 25-year-old’s mother may want to ensure that once he goes, he doesn’t come back. That might mean her son asking for a large lump sum if something went wrong in his life. In one extreme example, a New York 30-year-old man overstayed his welcome with his parents. The mother and father sent their son eviction notices and when that didn’t work, they sued him and obtained a court order last year to kick him out.
Charges like deposits, application fees, parking and pet deposits can add another $285 a month or $3,420 in yearly housing costs, HotPads said.
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