Son starting work - how much should he contribute ?

Gavin83

I don't have a problem with asking your children for rent. In fact I think its a good idea and they should be contributing to the household.

However I don't agree with telling them they should be putting some in savings. Frankly I really don't see what right you have to tell your children what to do with their own money, it's their choice after all. I would have also refused to show my parents my bank statements when I was living with them, it's really none of their business.

Ask for what you want/need but don't tell them what to do with the rest.

mountainofdebt

Gavin83 wrote: »

I don't have a problem with asking your children for rent. In fact I think its a good idea and they should be contributing to the household.

However I don't agree with telling them they should be putting some in savings. Frankly I really don't see what right you have to tell your children what to do with their own money, it's their choice after all. I would have also refused to show my parents my bank statements when I was living with them, it's really none of their business.

Ask for what you want/need but don't tell them what to do with the rest.

Gavin

Well as far as Junior is concerned it was a condition of us supporting him whilst he found out what he was doing next year that he got himself a job (didn't care what so long as it was legal lol) , he paid us a token sum in rent whilst saving at least half his salary.

Whatever is left over he can spend as he wants and I don't utter an opinion on it regardless of what I think.

As for showing me his bank statements - that's more showing off to me the considerable amount he's saved.

lcrp53

THank you for your comments so far ..

cyclingyorkie

I'm going to renegotiate with my DS immediately!

POPPYOSCAR

Asking for a high amount is also a great way to get them to leave home!!

I know someone who wanted £50 per week from her son. He moved in with his girlfriend and her parents. Only had to give them £20 and was waited on hand and foot by girlfriend and her mother!!!!!

tesuhoha

Ever since my daughter started work she has faithfully been paying £50pw. However, I don't mind helping out in times of crisis. After her car was written off by a hit and run driver she had to pay off the balance of her car loan with the insurance money and her entire savings.

Therefore as she needed another car for work (works in a remote location) we lent her the money and she now pays us £400 per month, £200 of which is keep. However, I pay the whole amount off the loan.

HappyMJ

cyclingyorkie wrote: »

I'm going to renegotiate with my DS immediately!

You should do...a fifth at a minimum or a quarter if you don't mind them at home or a third or more if you want them to move on or really need the money due to benefit non dependant deductions being made. What you do with the money is up to you. £50 is not much.

POPPYOSCAR wrote: »

Asking for a high amount is also a great way to get them to leave home!!

I know someone who wanted £50 per week from her son. He moved in with his girlfriend and her parents. Only had to give them £20 and was waited on hand and foot by girlfriend and her mother!!!!!

£20 is far too little for an all inclusive room with all meals as well. That is wrong for the girlfriends parent to charge that. There is no way anyone could ever get a room even for £50 all inclusive in the real world.

barbarawright

Barneysmom wrote: »

I think you should too.
I used to give my mom £20 a week when I was earning £57.
That was in 1978

I earned £57 a week when I left school (whcih was £3000 a year - I remember my surprise when it went down to £42 because tax had kicked in!). I paid £15 (and my mum definitely needed it so there was no thought of being given it back when I left home). Definitely everyone should pay something once they're earning a decentish wage- unless you want them never to leave home :rotfl:

daisiegg

Northern_Princess wrote: »

We have thought about taking dig money from DD, but opt not to as she saves her part time wages (well most of them) to help her get on the property ladder. I buy all her toiletries/make up, clothes and anything else she needs as well as livery bills for her horses, feed/tack/vets bills along with her mobile phone contract and hair cuts and colouring. She will have her driving lessons paid for and a car bought for her as well as it being taxed and insured until she leaves full time education. When she leaves full time education then she will pay something albeit a small amount of her part time earnings towards her keep at home.

Blooming heck! I knew people like that at school/university and without fail they were the ones who were completely unable to manage their money and who now, at 25, are still living with parents. If you have everything paid for (mobile phone contract? make up? haircuts AND colour? CAR?!) you have no concept of how much things cost and how hard it actually is to budget for them. It's one thing not asking for her to pay towards her keep (I never did when I was still at school and working part time) but surely she should be buying her own make up and paying her own phone contract if she has a job?!

I'm NOT just jealous of your daughter as my parents were the first to make me pay for things and budget out of my own money...but I'm grateful to them for it now.

DaisyFlower

If this was us, i'd charge £50 but put it in savings and give it back towards furnishing/deposit on my sons first house. Wouldnt tell him that though If part time whilst in education i wouldnt charge anything though.

Its possible to be helped by parents and still learn to budget, its not one or the other. I plan to give DS his CB for non essential clothes etc when hes settled into high school so that he can learn budgetting from an early age and then he should be on the right road as an adult.