Quote:
Originally Posted by dmbmuskie
I figured on keeping it for a year.
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Then this is how I'd look at it:
Here are the costs that would change:
Avg Mortgage (120k house)/Rent: $1000k
Utilities: $150
Food: $200
Total: $1350
$1350 * 12 = $16,200
I assume since you are in sales you have a company car and get mileage reimbursements, etc, so that won't change.
Now I'm not sure of your particular situation, if you'll have to pay your parents for anything, but I can tell you that you'll probably spend a little more money on "miscellaneous" stuff living at home than you did on your own. By that I mean you'll go out to eat a little more, blow a little more at the bars, etc, just to get out of the monotony of living at home. So I'm gonna give you $3,200 for that, approximately $280/month.
That leaves you with $13k extra after a year.
To me, the answer is easy.