Bleh, dad has to screw everything up.

[ofblong]

must be nice to be able to live at home while attending college still. I had to move out when I went to college and lived on my own but then again I got a good summer job that I earned 6grand that I put in the bank which paid for my first couple years of college (thanks to student loans and grants). Trust me save everything you can. the savings on gas will take years to realize compared to your car and its not worth the investment at this time. Hell im 28 have 4 kids and a wife and I just got a motorcycle. Though I paid cash for my first car when I was 16 (yup you heard me right I paid cash). Live with your parents for a couple years, I would say until you graduate college (I know 4 years seems forever but trust me you wont regret the cash you can save). After that you should have saved enough to be able to pay cash for quite a few things. Why not get a summer job as well like something in construction? those usually pay well and thats how I earned 6 grand over the summer before I went to college.

[oldschoolorange]

Might not be the best advice you will hear but it worked for me. Just show up with the thing one day, or better yet buy it and the keep it somewhere else, work on it and get it road ready and then show up on the thing one day. they will be pissed but inform them that you purchased it x ammount of months ago. Then they will either deal with it or throw you out.

[NightNurse]

I'd say get a second job, and move out!

I had to pay rent when I was 15, since I had a job. When I refused my parents kicked me out...been on my own ever since. At one point I had 3 jobs, you do what you have to do.

[tortus]

Might not be the best advice you will hear but it worked for me. Just show up with the thing one day, or better yet buy it and the keep it somewhere else, work on it and get it road ready and then show up on the thing one day. they will be pissed but inform them that you purchased it x ammount of months ago. Then they will either deal with it or throw you out.

Yeah that's not good advice.

But I'd probably try if it if was me

[Skel3tor1]

Here is my advice.
Here is my background:

At 18, living with my parents, I got charged $10.00 every time I was caught up past 2am. Let's just say I am a major tightwad and a scrooge when it comes to money (Hence, parents punished with it because it usually worked)

After a little bit of that, I moved out. I'm a night owl, I can't stand going to bed early.

High school grad at the time. Moved out and in with a pal. Fast forward 6 months, we're getting evicted because he didn't pay his side of the rent, even though I had been giving him checks to give to the landlord.

Got a house.
Went back to college 5 years later. I'm 24 now. I have a house, truck, and a bike but I think I would much rather have just mooched off my parents for a while longer and went to school. I could be making triple the money than I am now while working in call centers doing technical support and getting cussed out daily (I work for a local cable company).

Few more years of this crap and I'm done with it.

So.

1) Suck it up and deal with it.

2) Mooch off of your parents for as long as you can and squirrel away as much money as you can. Build up a good credit history.

3) Get a college education and start your career. Then move out. Get a bike, go crazy, do whatever. Just don't go too crazy

Tip: Most people start to amass some net worth when they possess a house; so save up your pennies for a down payment on one. (Even though nowadays you can get a 30 year mortgage or longer term and not put any money down, but that has bad news written all over it.) If you want more advice on this particular topic, PM me. To put it simply, low interest rate and low mortgage term is what to shoot for (mine is 5.0% and 15 years).

[C-1_Biker]

I think that is saying you should finish repaying your parents with any money you do have (especially in the sale of said car). That will give them no more say in regards to that particular debt. Get that monkey off your back.

My bad, I read too quickly and thought he said it was a bad idea to sell the car and pay off the debt, when in fact he said it was a bad idea to sell the car and NOT pay off the money.

Might not be the best advice you will hear but it worked for me. Just show up with the thing one day, or better yet buy it and the keep it somewhere else, work on it and get it road ready and then show up on the thing one day. they will be pissed but inform them that you purchased it x ammount of months ago. Then they will either deal with it or throw you out.

You know, I've actually thought about this and thats what some other people have told me. I doubt my parents would throw me out, but it probably wouldn't be a good idea either.

Tip: Most people start to amass some net worth when they possess a house; so save up your pennies for a down payment on one. (Even though nowadays you can get a 30 year mortgage or longer term and not put any money down, but that has bad news written all over it.) If you want more advice on this particular topic, PM me. To put it simply, low interest rate and low mortgage term is what to shoot for (mine is 5.0% and 15 years).

Very true, and I have thought about this before. I just can't see how any money I can save in the next few years will even make a dent in the price of a house. But then again it makes a lot of sense to get a house instead of throwing money away on rent. If one can manage to pull it off, with the 15 year mortgage you can get a house at 25 and own it buy 40, that would be really nice to have no mortgage to pay.

On a side note, my dad was talking today about getting a pool/ping pong table. One of the ones in the cataloge he was looking at was 2400 bucks. If he brings it up again I'll use that as leverage. He wasn't gonna let me spend a grand on a bike because its wasting my money, but now he wants an even less usefull item for double the price?

[flynrider]

On a side note, my dad was talking today about getting a pool/ping pong table. One of the ones in the cataloge he was looking at was 2400 bucks. If he brings it up again I'll use that as leverage. He wasn't gonna let me spend a grand on a bike because its wasting my money, but now he wants an even less usefull item for double the price?

I think you missed the point that he pays the bills, so he makes the rules. When you're paying his bills, then you'd have some "leverage" in that respect.

[NightNurse]

I think that is saying you should finish repaying your parents with any money you do have (especially in the sale of said car). That will give them no more say in regards to that particular debt. Get that monkey off your back.

On a side note, my dad was talking today about getting a pool/ping pong table. One of the ones in the cataloge he was looking at was 2400 bucks. If he brings it up again I'll use that as leverage. He wasn't gonna let me spend a grand on a bike because its wasting my money, but now he wants an even less usefull item for double the price?

Leverage? You are an ADULT living rent and bill free! Dont be ridiculous.

[ofblong]

On a side note, my dad was talking today about getting a pool/ping pong table. One of the ones in the cataloge he was looking at was 2400 bucks. If he brings it up again I'll use that as leverage. He wasn't gonna let me spend a grand on a bike because its wasting my money, but now he wants an even less usefull item for double the price?

If any of my children would try to use that as leverage I would stop letting them live at home rent free. I am sorry but your father probably makes a considerable amount more than you do. He has also most likely been in a situation where money was tight for a while and knows what living paycheck to paycheck is like. This would not even be remotely close to being a wise move on your part.

[Dragonhawk]

I had to pay rent when I was 15, since I had a job. When I refused my parents kicked me out...been on my own ever since.

You wouldn't happen to be related to John Bender, would you?