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Why I Kicked My College Graduate Out of the House

When my oldest child was about to graduate from college earlier this year, I made a strategic decision: We were going to kick her out of the house and get her living on her own. Do you think I am a bad parent? Or, am I taking the steps that more parents should today–getting their children to be responsible for their own finances despite the inevitable struggles? When my daughter graduated in May, my wife and I gave her a specific deadline: By the end of the summer, find a job, find an apartment, and find out exactly what your monthly expenses will be when you are living on your own.   Even though we’ve done well enough that we could have given her a bunch of cash or let her stay at home for a couple of years to build up a nest egg, my wife and I agreed that this was the best option for her. And it’s the ...

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How I Kicked My Post College Kid Out Of The House- And You Can Too!!

It’s official – apparently you can to home again. A recent TD Ameritrade survey found that 50% of “young millennials” plan to move back home with their parents after college. The survey polled 1,027 members of Generation Z (which the survey defines as ages 15-21), 1,026 millennials (which the survey defines as ages 22-28) and 1,001 parents. This issue is actually very personal for me. With my oldest child Olivia having recently graduated college and two others at home closely following in her footsteps, I made a strategic decision. I needed to kick Olivia out of the house and get her living on her own as soon as possible.  You know I love my kids more than life itself.  You know I only want the best for them.  But I remember the struggles I experienced when I started living on my own with less than $100 in my bank account. I lived on a waterbed and ate a steady diet ...

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