How much should I charge for my son & daughter @ home (age 23, 20)

adamwantsadb9

Bloomin heck, im 20 and i pay £270 p/c/m, fair enough i earn 18k a year and could more than afford my own place, (rent on a 2 up 2 down in a rough area is £90 a week near me) (puts that into perspective) but why when £270 is a bargain when i get including but not limited to:

Sky
Broadband
Food
Water
Gas
Electricity
Phone
Council Tax
My own room
My own section of the garden
My own parkin spot on the drive
etc etc etc.

Tell him he is on to a winner, and if he wants to swap then Ill come live with u and ill save £170 a month!!!

shirlgirl2004

My sons pay £120 a month and both earn about £11k. The eldest is rubbish with money and is permanently overdrawn (at 0% interest) yet the other has about £2k in the bank. How can 2 people brought up in the same family be so different?

DevilsBakBone

My son is 26 and still living at home, i understand he earns around 30k a year...

he buy he's own food, detergents and pretty much just uses eltricity, heating and water.

how much should i be charging him a month?

BitterAndTwisted

Whatever you think is fair. I expect it all depends on whether you're happy to subsidise someone who can well afford to be living independently or you need his contribution to the household. I'd be charging him £50 a week as an absolute minimum. If you charge him £25 a week he'll never be out from under your feet.

msb5262

£30K a year...£50 a week?
Am I the only person who thinks this is a hilariously low figure?
I earn £32K a year and support myself, 2 cats and 3 children.
Presumably the council tax is a fair whack, not to mention things like wifi, TV licence, phone line and of course running costs for the house.
If your son is living in the house, he will be indirectly "using" things like cleaning products (even if he doesn't clean, the sink/oven/floor will still need cleaning by someone using some kind of product), utilities (water rates etc.), and wearing out carpets, doors, drawers, showers etc - what's known to landlords as wear and tear - and of course he is using the roof over your head so morally he should be contributing towards your mortgage/house maintenance fund.
I understand parents feeling unwilling to take more than the bare minimum from young people just starting out on their working lives, but someone of 26 earning £30K a year should be contributing way above the bare minimum, if only to learn the hard fact that simply living costs quite a lot of money...

MsB

Bluebell1000

When I was living with parents and on a PhD bursary, we all sat down at the table and wrote down on slips of paper how much we each thought my contribution should be, then opened them up to have a look. Amazingly enough, my offer was higher than my parents idea! I think we compromised on £125 a month in the end - I ended up negotiating them upwards....

problemcashback

msb5262 wrote: »

£30K a year...£50 a week?
Am I the only person who thinks this is a hilariously low figure?
I earn £32K a year and support myself, 2 cats and 3 children.

I was totally on your side until I saw you put the kids after the cat:rotfl:

Tixy

Just uses heating elec and water - are you sure?
Does he not use a phone/landline/paid tv?
How many other adults in the house? if just you and him then you'll be paying extra council tax and so should need to include that. Even if its not any more for him, living there I'd want to charge a percentage of the council tax to the adults
Is your contents insurance anymore because of the cost of covering his items as well?
Do you rent? pay a mortgage? or own your home outright?

Even if your finanicial situation means you don't need to charge him a lot I think its a good idea to consider how much it would cost him to live elsewhere (rent, ctax, utilties, internet etc) and charge a reduced percentage of that (maybe 50%?) . It will get him used to the 'real world'.

And if you really don't need the contribution I know of parents who have saved half of their kids contributions and handed it back to them towards a deposit when they do finally move out (as a suprise).

Gavin83

I think a lot depends on how much you want them in your house. If you start charging them enough that they could rent a room elsewhere for the same price they'll leave. I know a lot of parents who have lost a fair bit of money from their kids leaving as the bills will still need to be paid and you'll be losing an income.

PurpleJay

Hi

Haven't read all the replies but I would suggest you add up all your expenses, food, utilities, cleaner, sky, council tax etc but miss off the mortgage (as the house will ultimately be yours when this is paid not theirs). You can charge 'rent' too if you want but I wouldn't unless I needed to. Sharing the cost of the living expenses seems a good way to tackle it. Divide that by 3 and see what you get. I think £30 - 40 sounds fine.

Jay