What sort of rent do people charge 18-25 year old children

medders2604

I used to have to pay 30% of my wages.

My Mum firmly believed that your income should be split into 3, a thirdish for rent same for bills and the final third to spend/save.

Edit - Clicked post by accident.

The third that was assumed would pay bills was taken by Mum and put int a savings account for me so that when I moved out I had enough in there to cover deposit and furniture. Worked very well and its something I would do if I ever have kids.

vaporate

Jowo wrote: »

Wouldn't you just prefer him to fly from the nest? If so, encourage this feat by finding the market rents for lodgers in your area on spareroom or the Gumtree and withdraw all cleaning, laundry and cooking services, too.

In London, lodgers are hard pressed to find anywhere decent under £100 per week and this may not include all bills.

You're better off buying a caravan or houseboat. Only the bank would be the landlord then i.e loan.

stefejb

depends on the income really - when I started charging dd(24) rent she used to complain that it didn't really get her much as she was having to do her own washing and buying much of her own food - poor lamb! .... so .... she went out on her own for a year, paid twice as much plus bills and then came home. Strangely there has been little complaint since then.

her rent is also 200 - she is on a pretty low income and I think it represented about a quarter of her income when i set it. Last weekend I let her know that we would be having a review this week as it hasn't gone up in years .... haven't seen her since LOL

I know other parents that let the children take responsibility for some of the bills in lieu of rent. As for the "none of my friends have to ...... everyone else's parents ...." argument - well i'm sure you've been listening to that since your little darling was about 5 - i know i have and it didn't wash then either - good luck

Oldernotwiser

vaporate wrote: »

I disagree. It's easy for ppl not paying to say yeh charge the earth.

I say only pay what he uses, electric, gas, water, food ect.
Unless you want to make a profit of your own children.

:mad:

There's more to keeping a roof over your head than just paying for utilities and food! Why do you think that it's right for adult children to exploit their parents in this way?

Jowo_2

vaporate wrote: »

I disagree. It's easy for ppl not paying to say yeh charge the earth.

I say only pay what he uses, electric, gas, water, food ect.
Unless you want to make a profit of your own children.

:mad:

This is an interesting thread with an equal divide between those saying that you can't turn family hospitality into a commercial arrangement and others saying that cushioning the young man from economic reality is not doing him any favours.

Monthly keep of £250 works out at about £57 per week. If this sum includes food, it's not really going to cover the basics of this, plus bills.

Perhaps the OP is better off retaining the current level of 'keep' but telling the young man its about time he learned how to cook and that he has to buy and prepare his own food from now on?

Let the lad appreciate how expensive a bag of groceries can be.

pir

medders2604 wrote: »

I used to have to pay 30% of my wages.

My Mum firmly believed that your income should be split into 3, a thirdish for rent same for bills and the final third to spend/save.


The third that was assumed would pay bills was taken by Mum and put int a savings account for me so that when I moved out I had enough in there to cover deposit and furniture. Worked very well and its something I would do if I ever have kids.

I like the third rule. They also say your mortgage should never be more than a third of your income so that makes sense.

clutton_2

i think £250 - i am about to house a young man of 19 who is going it alone for the first time, after a lifetime in care - when i asked him how much he thought he would spend on food for a week he replied £10 ..... the sooner the young learn the Actual cost of food, bills, clothes, insurance etc the better is for them in the long run

sunnysea83

I lived at home till i was 22 and never paid my parents a penny nor would they take any if when i offered, i dont live at home now and i regularly go to my parents and theyre constantly feeding me and my other half, even making meals for me to bring home, my sister still lives at home and is slightly younger than me and she has just got a full time job and offered to pay some money to my parents who have refused but said they would take x off her and put it in to her savings account if she liked.

I guess it depends on what you can and cant afford, if i was to move home now i know my mum wouldnt let me pay her a penny towards anything because my parents are like that, they see me and my sister as their children who they are there to care for no matter what their age, i would want to contribute something and if they wouldnt take money from me i would do the cleaning, housework, cooking etc so iwas contributing towards the running of the house.

My parents dont have a mortgage and they tell me their bills are the same whether me or my sister are both their or neither of us.

If it was my parents who needed somewhere to stay i wouldnt charge them for staying with me nor would i charge my granparents or my sister!!

It just depends on your circumstances. i wasnt charged by my parents yet when i started renting and paid half of the rent with OH (£500 pcm plus bills) i wasnt shocked by how much it cost and i budgeted for it each month.

silvercar

Oldernotwiser wrote: »

There's more to keeping a roof over your head than just paying for utilities and food! Why do you think that it's right for adult children to exploit their parents in this way?

I think the reverse. It is exploiting of parents to charge more than the extra cost of housing their children. They may be adults by age but they wil always be children of their parents. Unless the parents are hard-up I don't think its right to profit out of your children.

Jowo_2

Does anyone think the OP would benefit from showing his son a breakdown of the actual monthly costs of running the household if this demonstrates that he is being pampered and subsidised?

He might think twice about complaining when he is shown a list of the actual bills and how little his contribution makes to the overall cost - council tax, water, electricity, gas, insurance, phone, tv licence/satellite, broadband, telephone, food, etc.