I'm 23 and getting my master's degree. My parents can't help me financially, so I moved in with them to save money.

Woman at college graduation
The author decided to go to grad school after finishing her undergrad degree. To save money, she lives with her parents.Courtesy of the author
  • I decided to get a Master's degree, and my parents said I had to pay for it.

  • However, they said I could move back in with them to save money to pay for school.

  • I didn't think I'd be living with my parents at 23, but they are helping me chase my dreams.

I remember how I felt the day I submitted my application to graduate school pretty vividly. For what felt like the first time in a long time, I made a decision solely for me.

Early in my senior year at Elon University, I decided that after graduating, I wanted to continue my education. I had already made up my mind about all the specifics before starting the application process: I would attend New York University, aiming to receive a master's degree in journalism.

My parents reminded me they couldn't help me pay for my master's

The day I received the call accepting me into NYU's magazine and digital storytelling concentration, the only master's program I had applied to, was one of the most rewarding in my academic career. I couldn't stop crying; I was overwhelmed with pride. I had wanted this so bad, I had prayed hard for my dream to come true. And it did.

After the excitement faded, I faced the reality of the high cost of higher education. I called my parents to share the news, and they gently reminded me that financing another degree would be entirely my responsibility. But they also told me I could live back home to save money wherever possible.

I'm lucky to have parents who understand that housing costs in many cities have risen sharply and often faster than wages. They don't want to see me or my twin brother, who is also pursuing a master's degree, struggle financially while we try to build our vocations.

I couldn't do this without their support

Getting a master's degree would be virtually impossible without the financial and emotional support of my parents. Not having the stress of monthly rent, bills, or weekly groceries brings an immense sense of comfort.

From when I was a little girl, my parents told me to go after what fuels us and pushed us to chase our dreams. While journalism may not be the career that leaves me with tons of money, I'm passionate about it. This is my dream come true, and because of them, I have an incredible future to look forward to.

I recognize the privilege I have and am truly grateful that my parents have supported me throughout my entire life.

In the year that I've been living back at home, I've tried to pick up writing and editing assignments to not just help advance my career but to make money to save to help pay my tuition. I've also taken on babysitting gigs for another source of steady cash. I help around the house as much as I can, hoping my contributions are just a small token of my gratitude.

My parents have worked so hard to give my brother and me the life we have. Their support is the biggest gift as we chase our dreams and, hopefully, build long-standing careers. The best way I can repay them is by achieving the success I'm striving for and making the most of the opportunities they've afforded me.

Read the original article on Business Insider