{"id":665040,"date":"2026-08-31T10:55:14","date_gmt":"2026-08-31T10:55:14","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/665040\/"},"modified":"2026-08-31T10:55:14","modified_gmt":"2026-08-31T10:55:14","slug":"5-money-moves-to-make-if-youve-moved-back-in-with-your-parents","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/665040\/","title":{"rendered":"5 Money Moves To Make if You’ve Moved Back in with Your Parents"},"content":{"rendered":"

Moving back in with your parents as an adult is becoming increasingly common \u2014 and there’s even a name for it: “boomerang kids.” In an April 2026 survey from Thrivent<\/a>, nearly half of parents with a child between 18 and 35 said their child had moved back home at some point. And for many, it’s less about being backed into a corner and more about playing the long game: 55% said the move was financially necessary, while another 27% said it wasn’t necessary but offered financial benefits.<\/p>\n

“Adult children moving back in with their parents has shifted from stigma to strategy,” Gene Elder<\/a>, a financial consultant at Thrivent<\/a>, tells CNBC Select<\/a>.<\/p>\n

For many people, moving back home can be a deliberate financial move. If you’re living with your parents (or considering it), here’s how to use the arrangement to make meaningful financial progress.<\/p>\n

How to make boomerang living pay off<\/p>\n

Explore savings options to help your money go further.<\/p>\n

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Annual Percentage Yield (APY)<\/p>\n

Set a goal before you unpack<\/p>\n

When moving back home, it’s key to have a plan.<\/p>\n

“The biggest mistake is treating the money saved on rent and other living expenses as extra spending money instead of using it to strengthen their financial position,” Elder says. Without a clear goal, he adds, the financial runway that boomerang living creates can quietly disappear.<\/p>\n

Courtney Alev, a consumer financial advocate at Credit Karma<\/a>, sees the same pattern. Her fix is to work backward from a number. If you want to save $30,000 toward a down payment in two years, for example, do the math on what that requires monthly, so you know exactly what to aim for.<\/p>\n

The takeaway: Decide what you’re saving for, whether that’s paying off debt, a down payment or just building a cushion, before you settle into the routine of living at home again.<\/p>\n

“Pay yourself” the rent you’re not paying<\/p>\n

If you’re not paying rent, or paying less than you used to, both Elder and Alev recommend treating that gap the same way you’d treat a bill.<\/p>\n

“If you’re saving $1,000 a month on rent, consider automatically directing a meaningful portion of that amount to savings, debt reduction or investing,” Elder says. He frames it as continuing to “pay yourself” what you would’ve paid in rent, just redirected toward your goals instead.<\/p>\n

Alev echoes the same approach. “If you’re no longer paying rent, I like the idea of still treating housing as a monthly expense, except now you’re ‘paying’ yourself,” she says. She notes you don’t have to save the full amount, especially if you’re chipping in on household expenses but setting aside what you can consistently is what actually moves the needle.<\/p>\n

The easiest way to make this stick: automate it. Set up a recurring transfer the same day rent would’ve been due, so the money’s gone before you have a chance to spend it.<\/p>\n

Park the extra savings in a high-yield savings account<\/p>\n

Once you’ve decided how much to redirect each month, the next question is where to put it. Both experts point to a high-yield savings account<\/a> as a solid option for money you’re setting aside for a near-term goal.<\/p>\n

With a high-yield savings account, you earn an above-average savings rate and have easy access to your cash when you need it.<\/p>\n

If you want to earn a high rate without worrying about a minimum balance, EverBank Performance Savings<\/a> offers a competitive APY with no balance or direct deposit requirements. Or if you’d rather keep your checking and savings in one place, Axos ONE Savings and Checking<\/a> lets you earn interest on both, though you’ll need to maintain a $1,500 daily balance and $1,500 in monthly direct deposits to unlock the top rate. And if saving doesn’t come naturally to you, Varo’s high-yield savings account<\/a> can help automate it with its “Save Your Pay” feature, which transfers a percentage of your paycheck straight to savings, while “Save Your Change” rounds up your everyday purchases and deposits the difference.<\/p>\n

EverBank Performance\u2120 Savings<\/a><\/p>\n