how much should my daughter be paying for her keep

KillerWatt

laurarobby wrote: »

cant believe how much some of you charge ur kids i dont know anyone that pays more then £140 a month to there parents (and they dont do anything around the house etc) im quite shocked i cant bare to think i would charge my son that much. i choose to have children so i expect to support him always!

Doesn't matter what the actual sum is that I was earning when I started work, but my parents made it quite clear to me that it was going to cost 1/3 of my wages to stay at home while I was in gainful employment.

Now that may seem a bit harsh to some, but think of the perks...

24/7 Electric
24/7 Gas
24/7 Heating
All my meals cooked (we still eat as a family)
All my washing done (good ol mum)

In short, the ONLY thing that changed was that I learned several valuable life lessons in one stroke - and that was worth EVERY single penny of my rent.

iamcornholio

Be careful parents, when we are old and dodery, we don't want our kids to be charging us too much to look after us.

They will remember

murphyxx

I'm 22 and I pay £200 per month. When i was earning around £900 per month i was paying £150 but then digs got put up.

I buy all my own things e.g. bedroom furniture, tvs anything i need right down to bedding and curtains etc. I also buy most of my own food and make my own dinner every night, as well as pay for my own car and transport to work etc. I earn just over 1k per month.

As much as i would love to pay no rent or little every month in a way im thankful as i pretty much look after myself and i know that when i move out i will be able to handle the costs that come with running a household.

McKneff

murphyxx wrote: »

I'm 22 and I pay £200 per month. When i was earning around £900 per month i was paying £150 but then digs got put up.

I buy all my own things e.g. bedroom furniture, tvs anything i need right down to bedding and curtains etc. I also buy most of my own food and make my own dinner every night, as well as pay for my own car and transport to work etc. I earn just over 1k per month.

It gets annoying when i hear about kids that live rent free but then at the end of the day i know i can stand on my own two feet and i won't get such a shock when it comes to bills and rent when i move out as i already pretty much look after myself.

respect there murphyxx :T:T

Alan_M_2

20%-25% of net income is not an unreasonable request, therefore it is always proportionate to what she earns.

It will also get her used to budgeting.

The upside of a percentage is it adjusts itself automatically if income increases/decreases.

This is as much about teaching kids financial responsibility as it is actually contributing to the family income.

EagerLearner

My mum gave me no lenience and at 14 told me I needed to get a job or get pulled out of school (and this was in 1990, not medieval times). So I worked all summer full time over 12 hours per day with only Sunday off to pay my way through final years of school. I learnt alot about cash etc. However I did resent that even though I worked like that for 3 more Summers, then studied at uni AND worked full time forever after my bro got to live at home with no job until he was 23, then still get money/debts paid etc.
In summary, if you do it to one, do it to all... and yes if you do overdo it, they will remember - I know I do and though I learnt about cash, it needn't have been so severe as I had always been good with pocket money for example.

I would say £200 a month is fair and any extra could be saved to give her when she moved out or for first car / uni etc.
Also no offence OP but if she has got to 19 already with no financial awareness at all - why?

krdrummer

By some of the stories here it's no wonder we have a generation that expect everything and want to do nothing. We are not talking children here or people in full time education but full time working adults. :mad:

The rule that has stood me in good stead is the third rule: 1/3 keep (in this case £300 - and keep covers all the washing, food, heating etc etc but not a paid skivvy. If they want something washing point them in the direction of the washer, unless you're doing a load yourself), 1/3 saving (policy, bank account, whatever suits them - this way when they want driving lessons/car/house/to move out they have a pot of money to use), 1/3 to spend however and wherever they want.

To make your kids pay for what they use isn't being cruel to your kids...it's being a parent. Teaching them that things don't come for free, Teaching them to respect you, Teaching them to respect others. Most kids are lovely and want to grow up which means they are willing (not happy) to contribute if you stop them you are stopping them from growing up and becoming fully formed adults. If they want to move out and live at a friends house open the car boot and offer to take them they'll soon change their minds.

tellmeitsfriday

lr1277 wrote: »

I heard it should be a one third of a person's net wages.

If you think a mortgage or rent cost between a third and a half of someone's wages, and even then you might be sharing to make up any shortfalls, then a third is probably a good amount when living at home.

I had to pay my mum a third of everything I earnt (from my paperround when I was 13 to my wages when I was 22 and finally moved out)

I felt hard done by at the time, but it was very nice when she paid my deposit for my first house a few years later... I had no idea she was doing this, and I am glad I didn't know...

It was still cheaper than renting a flat/house share and I got all the benefits of not living in a scum tip because that would have been all i could afford...

15 years on I have my house, my mortgage is lower than it could have been, and I learnt the value of money young...

I think a third is fair x

lei_armstrong

I don't really agree with the 1/3 rule - what happens if your child gets a substantial payrise? They're not suddenly costing you hundreds of pounds a month more...

System

Alan_M wrote: »

20%-25% of net income is not an unreasonable request, therefore it is always proportionate to what she earns.

It will also get her used to budgeting.

The upside of a percentage is it adjusts itself automatically if income increases/decreases.

This is as much about teaching kids financial responsibility as it is actually contributing to the family income.

i completely agree i think 20% is a reasonable figure any less than that then they have to do own washing /cooking/cleaning.