Moving in with Parents, Oh NO!, Oh YES! - Page 2
In general, most other basic expenses would go down even if you paid your portion of the increased cost (unless your parents live in a 15,000 square foot mansion). The incremental increase in the costs for electric, gas, water, cable, internet and consumer staples (like cleaning and household products) would be less than if you lived on your own.
How much would the savings be there? Conservatively let’s assume $250 per month which would give you another $3,000 to squirrel away per year for a total of $15,000 in annual savings.
It's not easy to swallow your pride and change your lifestyle when you move back in with family. But it's not supposed to be a permanent solution. This economy is far from out of the woods and the job market is still limping along so if you’re in a tenuous financial situation and want to be prepared for the worst, moving in with your parents would allow you to save a serious amount of money to build a comfortable cushion or a needed emergency fund.