Son to pay board

LynV

How much in percentage should son be paying for his board. His wage wll be £220 per week take home pay around £194 take a penny or two.

CharlieBilly

I would say £50 per week

Take into account food/water/energy etc

cleas001

It depends really - if he is the type to save for his future then I'd say charge minimal (just so he learns the value of being at home!) if he's on to squander his money I'd say more.
I think £100 per month would be fair!

skylight

Rule of thirds. He pays you a 1/3, saves a 1/3 and keeps a 1/3. What you do with your 1/3 is up to you. Keep what you need to actually keep him feed and warm, then save the rest to hand back when he moves out (not telling him of course!)

Jo_F

My 16 year old daughter, who is at college, works part time for McDonalds, we agreed a rate of 25% of each wage, as some weeks she has lots of hours and some not many, seemed fairer than making it a set amount each week.

Yellowsticker

£50 per week if he helps around the house, charge more if he doesn't help around the house maybe £75-£100 per week.

System

Nothing, and put the money aside for a house deposit instead

Adamthegreat984

i payed my parents £50 a when i had my last job earning £6 an hour

but thats because they are poor

COOLTRIKERCHICK

our eldest son (17) is working full time for our company.. he brings home approx £148 a week and pays us £20 a week.

He hasnt got time to go out and spend his money, he is too busy working during the week:rotfl:

In fairness he is saving for driving lessons and for car insurance

BigMoneyMaker

Nothing!!...

I wont be charging my kids any money for board, you charge lodgers to stay in your home not your family, specially if they are only earnin 220 a week, i suppose it is different if you are hard up and strapped for cash though.

BMM

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BigMoneyMaker wrote: »

Nothing!!...

I wont be charging my kids any money for board, you charge lodgers to stay in your home not your family, specially if they are only earnin 220 a week, i suppose it is different if you are hard up and strapped for cash though.

BMM

Part of me wholeheartedly agrees with you but I think it is part of education to learn to budget and part of that includes board and lodgings.

A really nice idea has been touted many times and that is for the parents to save the money to help the child move out. The worst scenario would be for the parents to become reliant on the money from their children and have problems balancing their own budget when the kids finally move out.