Friday, July 11, 2014

Forbes Living Asks: Who Has Boomerang Kids at Home?

The Recession sent many college graduates and older adults back home to their parents’ house to live after not finding a job or losing one. These so-called “Boomerang Kids” can be a helpful addition to the household.  Forbes Living acknowledges what they can bring to the kitchen table.

When times get tough, some head back to the safety and security of their childhood home. This can leave parents feeling like the new freedom of having no children around is cramping their style. But if a few guidelines are set and followed, the new living situation will be beneficial to everyone involved.

Will rent be charged to stay in the house? How much will it be and when will it be paid?
The grown child does their own laundry.
The grown child can pitch in to buy food for meals, help prepare them and clean up afterward.
Is the grown child looking for work? Will the grown child take a part-time job to help pay some expenses?
The house rules should clearly indicate if there any curfews and how many guests the grown child can invite over.
Household duties should be divided equally to include the grown child.

The Forbes Living talk show understands that it’s hard for both parents and child to live together again. If all parties work together to live in peace, then the new arrangement will benefit everyone. Parents can help boomerang kids in preparing a monthly budget to pay off credit card bills and student loans, as well as still being able to afford gas for the car and food for meals. Kids can help take the pressure off of their parents by offering to do yard work, take care of their rooms and the rest of the house, and be available if needed. Who has boomerang kids at home? How do you manage the living arrangement?

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