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31. Move back home or rent? (US) : personalfinance

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I am self-employed residing in japanese MA, and housing is admittedly costly round right here. I in all probability make round $8k in any given month. My automotive is paid off, I’ve 20k in undergrad loans, and I’ve one other $20k of grad college lessons to pay within the subsequent 12 months and a half.

My relationship not too long ago ended so I am shifting out. We have been paying about $1400 every. Most 1 mattress 1 baths I am taking a look at are within the $2400+ vary. I’ve seen one or two for $2200.

Do I grow to be home poor and put myself in a financially dangerous place if I am going renting for $2200? It looks as if a heavy duty to tackle straight away, however I additionally do not need to get too snug residing at house if I transfer again in. Looks as if the true approach ahead and development is to quick begin renting out, however I do know it could be helpful for my mother and father if I did transfer again and helped out financially a bit.

Any strategies?

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