Charging Grown up Kids Rent?
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Where do you stand with charging your grown up kids rent?
I've heard some people say they charge but keep the money in a savings account to give them back towards a house. Should they be contributing to the home running costs if they are in work?
My mum brought us three kids up on her own 18month, 4 year old and 6 year old, she also had learning disabilities, as soon as we all left school and got jobs we all paid towards rent and bills while still at home, l grew up on a council estate
SamGoodship yes we all had to pay the say amount. My elder sister was a Secretary, l was a Receptionist and my younger brother a Butcher.
We have asked for a small contribution towards the home. This means they can save and get on the property ladder. Two out of four so far.
Honestly if you didn’t want to charge rent, maybe money toward the other bills? If I could afford rent and lived with my parent, I would want to help.
Once I was 18 I had to pay rent as far as I'm concerned I was a adult now so had to chip in
No never charged our older children, we encouraged them to save for a deposit for their own place, which they did
I used to have to give a third of what I earned and rightly so really even though I was saving to buy my own home. The 'rent' was never given back to me it went towards the cost and upkeep of the home
When I got my job I was told I can keep the first wage then it was 10 pound a month but that was 1990
Oh yes, they have to realise that things cost money. They would never be able to relate to the cost of family. Not a commercial rent of course, but enough to make sure the home is safe and paying for its self.
Absolutely I charged my eldest son rent/ board when he had a job, teaching him the value of money. He paid for the broadband separately, as he wanted high speed broadband. I completely stand by my decision. I did not put this in a savings account; it helped to pay the bills.
I think it is good to charge your children as this gets them used to paying towards bills when they move into their own place.
First weeks wage was your own but £5-10 a week thereafter. I was in a YTS earning just £25 a week. But out of my money I had to pay for the bus to work everyday.
When my daughter got old enough to work I didn’t take money off her for the house I had a good job and so did my husband but I just told her to not ask me for any money throughout the week or weekend. She now has her own children and is very good with money, I taught her to make sure it lasted as I wasn’t giving her more if she ran out she learned very quickly to not to spend it all quickly.
Me and my sister paid board to our parents before we left home.I think teenagers who become of age should pay for board.It should help teach them the value of things ie food,utilities etc till they move out.I have heard some adult children are still living with their parents in their 30's and 40's.
I think not just charging adult kids rent, but actually sitting down with them monthly to set out what bills actually need to be paid each month by yourself and maybe showing how to pay them would be useful. If the kid gives you x amount per week, it's great they are contributing, but doesn't increase awareness of just how much things cost or what exactly needs paying. Lots of adults don't know either, as 1 partner deals with it.
I was charged 'lodge' when I started work aged 15, and I did the same with my children once they were working. They have to learn to understand the value of money and the costs incurred in giving them a home to live in. Because I had always taught them monetary values, I had very little in the way of grumbles and if they received a bonus, they - without asking - would either give me a little extra or buy their dad and myself a small gift. If you start teaching them values, of whatever kind, when they are small, they have much more respect for that value when they grow older.
From the age of 16 I gave my Mum, who was on her own at the time £15 a wk, out of my £65 wages. Once I was in full time employment, I had to pay £50.00 a week. My 2 elder sister's never contributed..
If I was away for the week, working or holiday I still had to pay it as my Mum said if it was my own home I'd still have to pay the rent/mortgage.
We let both our sons and their girlfriends stay with us whilst they were saving up for a deposit for a house. They both gave us what they could afford for and we saved it for them. They were both told that they saved solidly and if we observed them to be spending on other unnecessary things, the goodwill would stop. It worked for both of them and gave them a decent deposit for a house. It worked well for us and them. They were both extremely grateful and we were rewarded by seeing them set up and they became money savvy.
Our 2 children paid money into the house budget, but I saved it in a building society for each of them. This not only gave them a lift into buying their own homes, but it also taught them just what you can achieve by saving just a little each month. I am talking about 30 years ago.
My younger son lived with me until he was 24, and contributed money towards bills once he was working. It's the right thing to do. Even if the parent doesn't need the money, it's preparation for when the child has to be responsible for their own bills.
I have one of my Sons and a Grandson staying with me at the Moment sometimes they buy their own food now and again if they want a takeaway , they will pay £10 for Electric if they want to put the Tumble Dryer on Other than that they don’t pay anything and I don’t bother asking because Getting Money out of them is like getting Blood out of a Stone, I know that because I have to ask them to put the money on the Electric if they want to put the Tumble Dryer on to Dry Work Clothes ( my electric is a Key payment) and you would think I asked them to hand over their Wage Packet , When I was at home I had no option but to pay my way
I paid my parents ‘board’ but when I had children I didn’t charge them anything. Once they left school/college/uni I told them they had to pay for their mobiles themselves.
I worked out the rent for mine and without them knowing saved it and gave it to them towards new house deposits.
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