People in their 20s are living with their parents to save money. They don’t realise how much it…

Explore the latest developments concerning People in their.

People in their 20s are living with their parents to save money. They don’t realise how much it’s costing them

Back in 1997 I was living in a regional city, and my portion of the rent was $70 a week. I was 19 years old, working full-time and taking home a salary of $292 in a cash envelope after taxes.

By all accounts, it was a meagre income, but I justified that by knowing I was out on my own, starting my journey into adulthood. I had nothing left over for luxuries once I paid my expenses. My flatmate and I negotiated fridge space and mealtimes, the shared bathroom and how to split the bills. Back then, credit cards were not part of my vernacular.

Money stress causing tension in your relationship? This might help

Rising interest rates and fuel prices are causing families to rethink spending. (Pexels)

Financial issues are one of the top five reasons couples experience relationship conflict, and many are feeling it amid cost-of-living pressures.

She says while tension between partners isn't always about money, many people clash over values, spending habits and how they respond to financial pressure.

"Add into that pressure to respond to interest rate or petrol price rises, and those differences can get even more polarising and troublesome, and couples can start to fight more," Ms Shaw says.

Seeking support and getting on the same page about money — which doesn't necessarily have to be "a big tough conversation", Ms Shaw says — is key to successfully navigating your finances together.

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