Wow, is there a third option? Maybe a friend you can move in with?
A few years ago I was facing the same issue. I could either go broke and dig a financial hole to China, or move back home. I moved back home, got back on my feet and haven't had a problem since. However, I was 19/20 at the time and just starting the job that was going to get me up and running.
In your situation, it seems like if you move in with your mom then you'll have more cash on hand. You may even be able to build up some money in the bank, which is good. From what you've posted, though, it seems like after you spent your savings in a few months or years, you would be back at square one with mom. If you're going to stay with your current job/income level then you might as well learn to live within your means now. The longer you use your mom as a crutch, the harder it will be to break away.
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