He's 28, Married, And Still Lives With His Parents

Brought to you by Chom, a budget-friendly, faith-based alternative to health insurance. ch ministries.org/budget. >> So, I really want to get an electric bike. Uh, but I still live at home at 28 with my wife. >> Whoa. What happened? >> Uh, nothing really. We just got married a couple of months ago. Uh we were looking at getting a home prior to the marriage but decided to hold off due to the uh interest rates and my parents offered for us to stay with them to save some extra money. >> Okay. How much are you saving currently per month by living with them? Like what's actually going into a savings account? >> So 3,000 a month is going into the savings account and then I have uh other money being set aside into like an employee stock purchase program. >> Do you have any debt? >> No debt. Two cars paid off. 2020 Camry, 2009 Mazda 6. >> Good for you guys. What do you What do you guys make a year? >> Uh, combined a little bit over $100,000. >> Drew, why aren't you all renting somewhere? >> Uh, we just wanted to be able to buy a house and not pour more money. >> You'd rather live with your parents than not rent. >> I'm sorry. >> The situation is not bad at all. The downside is like newlyweds. Nothing in me. wants to be a house with parents or in-laws for an extended period of time. Do we agree? >> Are there some codependency issues going on here, Drew? >> I don't believe so. No, we're just trying to save as much money as we can. >> Okay, I know, Drew, but do you I mean, is there any like is there any part of like the dignity in y'all that are like, I just want to get up in the morning and make cereal and not open the refrigerator and look at the milk and like there's my my mom in the kitchen making eggs in a robe. Like, >> do you know what I'm saying? Like, y'all are married. ideal. >> What does your How does your wife feel about this? >> Um, she actually doesn't mind it. We have a great relationship with my family. >> Okay. But you can have a great relationship with your family and also not live with them. >> Adults and and and you called about an electric bike, Drew. Like, >> you have a vehicle. >> Got to have fun while you're young. >> Okay. >> But you can't tell me you're doing all this cuz you really want to be a homeowner and then we're blowing money on toys. >> That's a valid point. >> How old are you, too? 28. >> Okay, let's play this out. What What would a one-bedroom cost in in the area? >> Uh,00 I just imagine you I'm so sorry. Can we just be honest? Like, I love you guys. Like, if we were out having a beer, I think we would really get along. I just can't imagine Drew R and your electric bike pulling into your parents' driveway. >> Honey, I'm home. >> No, mom. I'm home. I'm home from my electric bike ride around the neighborhood. Like, Drew, you're a man. You're a man. Like, you you got this. Like, you got to like, come on. Come on. >> Anything? Anything? Nothing. All right. Okay. >> I mean, does that kind of make you laugh? >> We have Does it kind of large of money saved up? >> So, go rent an apartment. >> How much money do you guys have saved currently? >> So, right now, we have about $60,000. What's the goal? What's what is the number? What's the number before you go, "All right, mom, I'm out." >> Uh, the goal is just to move out at the beginning of next year. So, we're planning on saving 3,000 a month until then um while we look at a house and then find that and move out. >> Okay. What's the What's an electric bike cost these days? >> Uh it's $4,000. It's like a dirt bike, but it's electric. >> Dude, the motocross dreams need to go for now. Like we need to we need to put $4,000 towards our deposit for our apartment. >> You can afford both, Drew. Like buy the bike and move out. Like you can do both. >> How about this? If you buy the bike, can we force you to move out tomorrow? >> I feel like that's a fair deal. >> Yes, that's fair. Congratulations. You're the owner. >> I think that's it. I think that's it. True. You can buy the bike, but you have to move out of your parents house. And I mean, please. I'm telling you that. >> Real question though. Does she fold the laundry? >> She does not fold the laundry. Yeah, I do all the laundry. >> Proud of you. That's our boy. That's our boy, >> Drew. It's just good for y'all. You just you y'all need to spread your wings. You're You're leave and cleave. Y'all got to figure out how to pay the bills and get the water turned on in the new apartment. Like, y'all need to be self-sufficient. >> Yeah. Jumping from living with mom to being a homeowner is just too big of a gap. It's going to be a rude awakening. >> Yeah. Well, and I guess I think I would feel a little bit better about it if y'all were like, "We're $300,000 in student loan debt and we're both lawyers and we're about to get our law." I don't know. Like, if there was some like big reason, but there's there's not even that. It's just to quote unquote save money. And and I think your dignity is more than that. I mean, genuinely, you and your wife together, I think you just learn a lot when you are not sharing a wall with your parents. >> It's true. Yes. Yeah. And you'll still We both have lived alone before and with roommates. So, it's not like it's our first time, you know, spreading our wings and flying, but >> Well, it will be as it is as a couple and y'all are going to now have to share a bathroom and you're going to have to like Yeah. I mean, you Yeah, you guys are It's a different situation than the dudes >> living in the rental house together. So, no, it's your wife and Yeah, y'all will y'all will run into things that you're not running into relationally when you are out on your own, which is a good thing. It's how it should be. It's how it should be. So, um, yeah, Drew, get the bike and and and apply for an apartment this afternoon >> and fly away on that bike to your new apartment. >> Make sure they have ebike parking at the new apartment. That's the big question. Where you going to park that thing? You got to store it. This might be a nightmare. >> I don't know the visual. I just can't. >> There it is. >> Into the driveway. >> Right into the driveway. >> I'm home. Oh, man. >> I love this so much. Y'all are awesome though and you've been very smart financially. I will give y'all that. Y'all have a lot of money. You're debtree. >> Y'all are very capable people. I think that's what's driving me crazy about it is you're so capable. >> If it slows you down 6 months to buy a house, I'm okay with that for the sake of your dignity. >> Yes, Christian Healthcare Ministries can save your family hundreds of dollars on healthcare every month. Learn more at chmin ministries.org/budget. /budget.