No Rent, No Mortgage

You can do pretty well when you don’t have rent to pay.

Consider Chris Sturgis, 33, who has been living in his parents’ Methuen, Mass., home since they moved to Japan four years ago. The only housing cost he is responsible for is about $400 a month in utilities.

With his parents likely to return in a few years, “I’m taking advantage of the time,” says Mr. Sturgis, a supply-chain planner at a Boston-based medical-device company who earns a base salary of about $75,000 and a few thousand in bonuses.

Read the full article with all of Cheryl Costa’s advice originally posted on