Entrepreneur earning a 6-figure salary explains why she still lives with parents and it makes sense

Financially, it is crunch time for a lot of people around the world. The rules by which the past generation might have lived do not apply anymore. People are making it up with only one objective: saving money for the future. More and more people are delaying moving out of their parent's house well into their 20s, which used to be anticipated by the previous generation as a gateway to growing up. Grace–who goes by @grace_lemire on TikTok–is also amongst the lot living in her parent's house during her mid-20s. She explains in her video the various reasons for living with her parents despite earning a six figure salary and the dilemma she is in about the next step.

Grace starts the video by listing all the reasons living with her parents has been great for her. The first one is "Free rent." Rent takes a huge chunk of a paycheck and to avoid that in this economy is a sweet deal. The second is the nature of her job. "I am an entrepreneur, so my income changes a lot. Just because I made a lot in the past three months doesn't mean that the next three months are going to look like that, so I'm waiting till I have a bit more buffer." Living independently is not a cakewalk and she does not want to go into it, relying on an unstable income. She has revealed in most of her Instagram videos that she is making a six-figure salary. 

The third reason was: "I wanted to make sure I paid off all my student loans." Prioritizing paying it off completely over embarking on the adventure of living alone definitely seems the right choice. She shared that her living situation has helped her to get really close to fully closing off that student loan account for good. The last one: "I have no idea where the frick I want to move." Though she wants to live in Los Angeles, her research has shown that it will cost her a whopping $3000 in rent. She does not know whether that's a good deal for her. The move would be expensive, which makes the commitment even harder.

Though in a confused state, Grace has been saving for the move. She has a "sinking fund," so she will be OK when it eventually happens. The decision would be easy for her if it was just the finances that she was taking into consideration. Then, living at home would be the obvious call. But, the freelancer is afraid that she is missing out on her 20s by not exploring life independently. The next step is scary, but she knows it is coming and wants to give it as much thought as possible.

The comment section suggested she prioritize her money as it trumps everything in the present times. @cdouglass96 asked her to keep doing what she was and commented, "I would not live somewhere so expensive. Live somewhere cheaper and travel when you can." @alexanyc123 commented that Grace should first check out the situation on a trial basis, "I would take $10k and go live there for 3 months alone (get an Airbnb, so you're in a neighborhood, etc.) and then see before moving permanently."

You can follow Grace (@grace_lemire) on TikTok and Instagram to learn more about budgeting and marketing.