I've just had this discussion with my friend and she thinks its disgusting that parents take money from their children/adults once they start work. She told me we bring the child into the world we should pay for them until they leave home. She never paid any housekeeping whilst staying with her parents and thinks its wrong for parents to ask their children to do so. Glad Im not only one who thinks they should pay - so might show her this thread.
Just wanted to say how good to teach a son how to manage money. My family did this with me a little but my Oh had to pay nothing. He is now the one who cannot deal with reality.
How about making a house budget for all costs on a spreadsheet together and make him pay a third of the costs or whatever his part would be. The amount of money is not really the issue. Then when he leaves he can substitute the costs you have at home to his new home. You then do 3 things. Firstly he learns his reponsibilities, secondly you show him how to run a home financially and lastly you can give him the money in a savings account to help buy/rent his new home. I wish someone had taught me to budget when i was a youngster.
All the best,
I was suggesting or rather agreeing with the OP about saving up the rent to put on a deposit. Many parents do this. At least it would be a fixed sum not just any amount required. Getting on the housing ladder isn't easy as we all know. Sometimes raising a rental deposit isn't easy either.
The ability to use abudget is separate to this. Saving for a deposit is perhaps something for them to put on to his own budget.
that's what I did when I first graduated!
I have to say that I never received any cash back from my parents and would think that this defeats the purpose.
It costs to have another adult in the house to feed & maintain & all those capable should contribute by a combination of paying 'keep', house work or whatever is agreed.
I have friends who refused to save because the £25:rolleyes: they were paying a month would be given back to them eventually.
just becase many parents do it doesnt make it right, teh idea with being an adult is that you look after yourself not run crying to your parents that 'sniff...houses are really really really expensive...sniff'
My brother was never told he was going to get some of his rent back, infact I think it defeats the purpose if you tell them in advance. Really, I think if your parents don't need the money, taking lots of rent without holding some back for their future is mean.
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