How much board do you charge your kids?

ceh209

I'm paying £150 per month to my parents atm - an estimate of what it costs them to keep me (i.e. additional bills as a result of me living there - I buy food occasionally but not a weekly shop).

It's only just over 10% of my wage, but it's their way of helping me with a house deposit as I can now save around 60%!

pleasedelete

My dd is in 6th form. Earns £620 a month. I charge nothing and give her £80 a month allowance. I also pay mobile bill.

tight_scotsman

my daughter lived with us and paid £130 pcm then moved in with her boyfriend.

turned out he was as useless as i told her so she moved back in and now pays £200 pcm

she realises how cheap it is living with her parents now that she has lived in her own flat.

Bettie

DylanO wrote: »

I've never understood the arbitrary third rule - that might have worked in the past, but not now. When this house was bought it cost £63,000 - in twenty-odd years it's increased in value (admittedly with work done) nearly 20 times. Wages haven't. I need to save every spare penny and cut back on everything just to get something approaching a 15% deposit, never mind fees etc. Even then I'll be moving into a cheaper area and I'll have to buy a house slightly bigger than I need just so I can guard against interest rises by taking in lodgers. That was not something that previous generations ever had to worry about.

Whilst I appreciate how much the youngsters of today have to fork out for a mortgage please don't think it was easy for the older generation. when I started out my partner had two jobs, I had two jobs and the interest rate rose to 16%. It was a massive struggle to pay the mortgage and yes, in the end I had to take a lodger. This wasn't an expensive house, just a normal cheapest on the market one. An awful lot of people lost their houses as they couldnt cope with the payments so it wasn't easy for us at all.

split_second

my parents always wanted rent off me, bear in mind this was about 12 years ago to start with and most recently 3 years ago.

at the lowest point my wages were £40 a week, i paid £20 a week and ended up so skint that because my wages were about £41 i had to walk to the bank, take the £41 out at the counter and use that pound to get home as i worked at night on payday. back then it was existing and not living, i used to use about £10 getting to interviews and stuff and the remaining £10 i tried to save. that went on for about 4 or 5 months

once i got a proper full time job (approx 2001) i paid £160 a month when at uni (i worked a 30 odd hour week for £500 a month take home) and paid the majority of my uni related costs.

last amount i paid was £200 a month, i was also expected to save £500 a month towards moving out, run my own car etc, as i remember as soon as i left education i had to fend for myself and find money to pay rent, only being let off the rent part when i had left college and the job centre said i wasnt eligible to sign on until the september, i got a job in the august.

19lottie82

pleasedelete wrote: »

My dd is in 6th form. Earns £620 a month. I charge nothing and give her £80 a month allowance. I also pay mobile bill.

How does a teenager manage to earn that kind of money and still study for A levels? And if she makes this much why do you give her £80 + a month?

sapphireeye

I know you said how much do you make your kids pay, not how much do you pay your parents but everyone else broke that rule so...

In my house we all have to pay £265 a month to my dad. That's a lot higher than any of my friends or anyone I've ever discussed it with, maybe it's to encourage us to move out sooner! I'm currently not paying it as I've moved away to uni and am paying rent there (ironically my rent for my uni place is less than I get charged at home)! I wouldn't have a problem with paying some during the holidays when I'll be working but he always refuses.

pleasedelete

19lottie82 wrote: »

And if she makes this much why do you give her £80 + a month?

Because I also give it to her brother and that's only fair. It is her choice to work. I would be happy if she didn't.

I don't expect either of them to work or contribute until they leave uni. If they do work then I will still give them whAt I woukd have done anyway.

TheConways

Diverging slightly:

I remember getting very upset when my parents asked for money when I was home from Uni for the summer after my first year. I was working all hours to and save money for the following year - I received no help from my parents whilst at Uni (they couldn't afford it), and I hoped they'd understand I was trying to save 3-4K GBP over the summer to get me through the following year!

They saw my point of view in the end.

Personally, unless my children were in full time education (we don't have any yet, but i hope when we do they will go to Uni), I would not expect them to live at home unless it was the for the first few months. I left for Uni at 17, and came back for a few holidays, but after that I couldn't wait to have my own space, and also give my parents their freedom!