Comments on: Living at Home – Does it Save Money?

By: Would You Commute? | Commuting to Plymouth State University

Would You Commute? | Commuting to Plymouth State University — Wed, 23 Nov 2011 04:29:36 +0000

[...] Stephanie, when she did the math for herself to determine if commuting was the choice for her. (Living at Home.- Does it Save Money?) This number does not include the amount of interest that is saved on this amount of money not [...]

By: Jeff@On Sale Buy

Jeff@On Sale Buy — Sat, 04 Jun 2011 22:45:15 +0000

it is all depend how you value your time vs your money and how will lack of any of them will affect your education – e.g. more commuting – less studying or less sleep time

By: Mary

Mary — Wed, 10 Feb 2010 14:04:34 +0000

If you have a good relationship with your folks, that’s the way to go.

By: Ann

Ann — Tue, 11 Aug 2009 22:28:30 +0000

I would agree that living in apartment and away from your home, drives you to me more independent. This is actually a great attitude that we should adopt.

By: Annie @ Credit Dispute

Annie @ Credit Dispute — Thu, 23 Jul 2009 03:16:16 +0000

Living at home would definitely save you money and some of your expenses. But when you’re living away from home, just like living in an apartment. This gives you the feeling of independence and would actually help you become more responsible.

By: The Amazing

The Amazing — Wed, 18 Mar 2009 01:20:17 +0000

A note from someone possibly poorer than the blogger…(for example, if anyone in my family owned a car they would be living in it.) An interesting situation I found myself and a few other students in at our $30,000+ year institution was the financial aid formula making it more workable to live on campus. Obviously this is probably not true for all, but the way it worked out for me is this: My family is incredibly poor, my grades incredibly good, so with need based financial aid taken into consideration, a super elite school ended up costing me less than a state school unable to provide extra scholarship assistance. Obviously the higher cost are picked up somewhere…but not out of my thin wallet. All on-campus living expenses ($10,000+ a year for room, board, and required fees,) were calculated into the financial aid formula and my aid increased so that they would be covered. For off-campus students the formula figures a set amount of living expenses irregardless of actual cost and expects a greater percentage of personal contribution towards these costs. Even sharing a one-bedroom apartment with two other people, using public transit, and supplementing rice and beans with dumpster dove food, (how I lived on breaks and for the summer,) I was still looking at almost a hundred dollars more a month out of pocket to live off-campus than on.

Something else for the super poor to consider- Living at home might not be possible if your family is already packed tightly, homeless or close to it, or simply too far from a college to commute. Also, taking on a little more student loan debt may be a good idea if living on campus will keep you out of super stressful living situations that negatively effect your grades, health, or even cause you to leave school all together.

Just throwing another dimension into the discussion….

By: Shaun Connell

Shaun Connell — Wed, 03 Dec 2008 23:53:56 +0000

Sounds identical to my situation. I’m paying insurance, food and stuff. So far, I’ve saved a couple of k as well.

By: Ponies

Ponies — Fri, 21 Nov 2008 05:51:06 +0000

Yeah your right, you save money from all your expenses.but the point is living in an apartment makes you an independent person and a practice for you to live on your own.

By: Cassandra

Cassandra — Mon, 10 Nov 2008 04:34:22 +0000

When I was on my college days, I made a plan and list of what are those things that I will be needing for my studies and what are the other expenses. I look at my travel expense first and noted what will be the total cost for one week and a month. I also included my food expenses and other materials used for my studies. And I budgeted it well until I graduated. Well organized planning will really help you with your budgeting.

By: Sunny

Sunny — Wed, 29 Oct 2008 13:54:43 +0000

An excellent case study for my Economics class on the topic of marginal cost and marginal benefit. I wonder how many of college students do think brilliantly and wisely as you do? May your tribe increase.