If you have Gen Y kids still living at home, here are some suggestions. First, have them pay for their own food and an additional amount for rent, even if it only totals $500-800 per month. Second, they should pay for their own car expense. It’s crucial that they understand how much it costs to live. Third, they need to pay for at least the interest on their student loans. Fourth, they must work, even if the job is «beneath them» and has nothing to do with their college degree.
