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Charging rent for 21 year old
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# 1
janb5
Old 19-10-2006, 10:40 AM
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Default Charging rent for 21 year old

Hi,

I`ve tried to do a search but havent found what I want. About 6 weeks ago someone suggested a reasonable amount to charge for board and keep for my 21 year old son. He works as a chef and clears approx just over £900 pcm
He currently pays me £130 which I would like to review. I should add I am on my own with him and his younger brother(16) and do not receive maintenance. Which is a fair rent- 15% or higher ? I am also aware he is constantly overdrawn which I have talked to him about but he denies...........


Insert By Martin on 25 October

From now on, each week in the Money Tips email, we'll be asking a money moral question. This specific thread is the one that inspired me to do it - so it's only right that it be first. However let's broaden the question from a 21 year old to "what's fair rent for working children living at home?"





Last edited by MSE Martin; 25-10-2006 at 12:26 AM.
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# 2
recovering spendaholic
Old 19-10-2006, 10:46 AM
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I am assuming that for the 130 you do all his laundry, and provide all meals and heat/light/landline phone?

If this is the case then that is very reasonable and I think you would be justified in raising his rent to about 300 to cover all the things you provide. If he moved out and lived in a flat he would be paying at least 300 in rent alone, then he would also have to fork out for bills and food. He's getting a bargain for 300!
Jane

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# 3
laurajayne
Old 19-10-2006, 10:50 AM
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I'm 23, and live with my parents.

They charge me 165 per month for 'housekeeping' and I take home not much more than your son.

Dunno if that helps any....
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# 4
Addiscomber
Old 19-10-2006, 11:01 AM
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If I recall correctly most people seemed to think that around 20% of take home pay was about right. We are likely to be in this situation next year and I am not looking forward to the discussion. I have been trying to work out what proportion of spending is directly due to to DS being here (food, laundry, share of fuel, telephone), and it seems to me that it is at least £50 per week. I am firmly of the opinion that it does no favours to undercharge as it gives a false sense of reality.
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# 5
ringo_24601
Old 19-10-2006, 11:18 AM
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When I was 22 I moved 200 miles from my parents after getting a job. I started paying £300 per month (bill included in cost) plus roughly £80 a month in food. On top of that I did all my own laundry, all my cooking and cleaning.. I was an independant adult. I was on take home of £1120, so that meant my outgoing costs were about 35% of my salary.

You are doing your children no favours by not charging them a proper rent. They earn money now and are adults. If you want to save the money you charge them and give it to them when they want to move out, i'm all for that - just don't tell them that. Otherwise your child will have a massive reality shock coming to them when they eventually leave the nest.

You can't charge as much as if they had their own flat, because thats not what they have. I'd suggest £200 a month 'rent' personally.
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# 6
Addiscomber
Old 19-10-2006, 11:21 AM
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I've found the earlier thread for you
http://forums.moneysavingexpert.com/....html?t=249300
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# 7
K9cuddles
Old 19-10-2006, 11:38 AM
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I'm 24 take home just over 1k and pay 127.. but I buy my own food and contribute to home phone bill, elec and gas plus her food every now and again! But also have to walk the dogs daily and make sure they are well kept etc. I also act as a PA when dealing with her bills and any letters that need writing!! lol
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# 8
annie-c
Old 19-10-2006, 12:10 PM
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I paid £160 pcm 12 years ago out of a take-home salary of £700. At the time it felt like a lot, especially when I had friends in richer families living at home for free. but once I moved out I realised what a cheap deal I had really had!!!
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# 9
clarabell1984
Old 19-10-2006, 12:11 PM
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I am 21 and I take home around £10,600 less tax a YEAR. I live with my mum after a year ago my parents split up. Up unitl a few weeks ago my brother lived with us too but he has recently got a flat of his own. I pay my mum £85 a month, which includes my share for the broadband. I buy everything for myself apart from food. She understands that I don't make alot of money and I have my own car to run, which I have bought and pay all the maintenance and petrol on my own. I would like to pay her some more, but I just do not see how I could stretch my money anymore.
I know that if I were to have my own place it would cost me alot more, but hopefully ny then I will have a better, higher paid job.

Last edited by clarabell1984; 19-10-2006 at 12:14 PM.
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# 10
rosscobley
Old 19-10-2006, 12:16 PM
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im 23 and take home just over 1000 a month basic. I pay 100 a month plus half of the phone bill. I am hardly ever there and only eat there now and again if my mother cooks food. I would be willing to pay around 150 - 200 if my mother wanted to put it up
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# 11
*Louise*
Old 19-10-2006, 12:44 PM
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My brother and sis are 23 and 18 - they pay rouughly £120 a month.

They get their meals if they are in (but they are never there much) and their washing is done for them.

Bills are only taken into consideration if one of them has been excessive (ie my sis ran up £100 on the phone and my mum cut it off until my sis paid for it)
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# 12
the optimist
Old 19-10-2006, 12:53 PM
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Have you discussed it with your son? I'm on my own with both DD and DS still at home (in their 20s). Until recently they only paid 100 per month each as I earned a lot and was happy with that.
Now the situation has changed and I needed to revise the rent situation. We discussed all the bills that I have to pay (Including a high mortgage) and also what it would cost them if they moved out.
Now they pay me (almost without complaining ) 250 each.
As far as I'm concerned we are three adults sharing a house (alhough i still pay the most).
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# 13
The_doomed
Old 19-10-2006, 12:57 PM
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over charge him and save it for him for deposit on a new place for when he moves out.
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# 14
movingforward2010
Old 19-10-2006, 12:57 PM
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when i was 21 living with my mum i used to pay £60p/w for rent, council tax, gas, water, electricity, food, my washing done, food cooked for me - bascially everything! which is fair - why should i of lived in a house with everything provided for me and pay very little , my mum still had to work to pay bills ect , why should i ?!?!
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# 15
Charlton Taz
Old 19-10-2006, 1:20 PM
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You should discuss with him the fair costs of running a house i.e. rent/utilities/food/insurance etc and charge him as such. Thats the only way to learn. When I was his age (I'm 28 now) my other half and I moved in together in our own home and were paying out roughly 40% of our take-home pay as mortgage/insurance/paying back student loans/coucil tax/utilities (i.e. these were all the DDs we had set up).....never mind all the other costs of life like running a car so you can get to work and buying food.

It meant we learnt to live in the real world from an early age. We know what things cost and whether we can afford them or not.

I suspect that people who live at home on a low rent that does not reflect the real costs of living as an adult (worse if you wash and cook for them)...will find it hard to ever leave home cos it gets too comfy and the harsh reality is that when you move out of home suddenly you don't seem to have loads of money spare any more to spend on 'stuff'....and thats how I think lots of people start getting into debt as they are not then willing to not buy loads of 'stuff'!!!
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# 16
straws
Old 19-10-2006, 1:53 PM
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I would charge him £250-£300 a month or whatever the going rate for a room in a house share is in your area. That's still cheap considering that if he was sharing he'd still have to pay for bills, food etc on top.
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# 17
liney
Old 19-10-2006, 2:01 PM
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He is already paying you 14% of his salary by my working out ) I would perhaps put it up to £150 per month, but maintinence for your other child is really irrelavant when you are asking how much to charge him, as he isnt the father !

You can usually rent a room for £50 per week, but with this comes complete freedom which i doubt he has at home. If i was asked to pay the equivalent of £300 per month i would have moved out. Whilst we need our children to understand bill need to be paid, they are still our children, not lodgers.
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# 18
annie-c
Old 19-10-2006, 2:13 PM
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I don't think the OP was expecting the elder child to support the younger, by means of 'maintenance'. Rather - she can no longer afford to subsidise the elder child as much given that she is still fully supporting the younger (in the way she used to fully support him). But currently she is subsidising the elder child very substantially and needs to reduce this a little.

14% is a very small amount of one's salary. I am earning a good salary now, but when mortgatge and bills have been paid I have 45% left. Paying £130 a week he is very fortunate. Paying £200-300 would still see him with a large amount of disposable income. £50 a week rent would certainly buy freedom, but it would also entail a whole host of other bills including CT, water, gas, elec, phone, household items etc.
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# 19
Penny-Pincher!!
Old 19-10-2006, 3:04 PM
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I think 25% is fair. I used to have to give a third...third for mum...thrid for saving and a third for spending.

Some of you dont know how lucky you are paying such low rents!

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# 20
K9COOP
Old 19-10-2006, 3:25 PM
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wow! Im quite lucky I think

Im 22, I take home on average a little over £1600 upto £2100 depends as Im in a comission based job, I stay between 2 houses. my mums and my girlfriends dads

My mum does all the washing ironing pays for my broadband e.t.c I pay her £120 for the month. At the girlfriends dads I pay him £100 this is where I sleep, eat, and shower in a morning.

we always buy our own stuff like shampoo's shower gels e.t.c and always pay our way with take aways e.t.c

so between us both we pay £320! im shocked at how much people are suggesting but on the other hand feel a little guilty and lucky at the same time. My parents arn't the richest in the world but do appreciate what I give them as it helps them out loads!
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