What would you make your 17 year old pay for?

busiscoming2

herand wrote: »

What's that teaching him?

You should let your adult children manage their own finances, to learn how to properly budget themselves rather than taking money from them that you don't need and given it back.

This is part of the reason:

Spendless wrote: »

To walk, catch a bus or cycle to the shops, school, his mates down the road and so on otherwise Mum/Dad will charge you a quid.

Might threaten my 13yo with that one. Thanks for the idea.

Thanks Spendless, most of the places he wants a lift to are within a reasonable walking distance so he could ride or take the bus (but we are cheaper). It also acts as a savings scheme for him. Driving lessons aren't cheap!

lady1964

My now 18 year old DD got her first p/t job at 16 and stayed on a college for a 2 year course.

At 17, she was earning her p/t wage (not the same each month as her hours fluctuated), we also put her CB into her bank account and paid for her mobile phone - £30 per month from memory. Her essential toiletries were bought with our weekly shop.

Out of her income, she paid for her driving lessons, bus fares, clothes, make-up and her socialising.

She's now 18 and just about to finish college but still has the same p/t job but generally earning approx £200 per month. We no longer get CB for her, however we pay her the equivalent and will do until next month when she finishes college. She pays for her phone, her petrol, socialising, clothes and any other bits. She tries to save half of her income per month as she knows she will have to pay for her car insurance herself from August (we paid for the first year), and she wants to pay it in one sum rather than monthly.

She manages her money really well and is grateful to us for helping her to learn how to budget and appreciates that we don't ask for any rent from her - we have only taken rent off our dd's when they work full time.

nattyt

Hi everyone thanks for all your replies. Lots of good advice. Well I have decided to still give her the £10 per week but she has to give me £10 a month back towards the phone bill (which I am still going to try and decrease). This way she is having to physically hand me money she's event over even if it is just a tenner. I am setting her up a savings account and have said she needs to save some of her wages but she can decide how much. She has to pay for her bus fare to work/for socialising etc. She only works once a week so I think its only fair she pays for her bus fare. All luxuries she's to pay for herself eg make up etc. Any money for socialising gets paid for by her. Lunches I will carry on giving her what I do now as its for school. Other things to do with for school my dad pays for anyway so that's all fine.
Like someone said she's got to be left with something plus there are years ahead where money will be a worry so at 17 I don't want it to be but equally want her to have her head screwed on. ) once again thanks everyone.

Dunroamin

lady1964 wrote: »

My now 18 year old DD got her first p/t job at 16 and stayed on a college for a 2 year course.

At 17, she was earning her p/t wage (not the same each month as her hours fluctuated), we also put her CB into her bank account and paid for her mobile phone - £30 per month from memory. Her essential toiletries were bought with our weekly shop.

Out of her income, she paid for her driving lessons, bus fares, clothes, make-up and her socialising.

She's now 18 and just about to finish college but still has the same p/t job but generally earning approx £200 per month. We no longer get CB for her, however we pay her the equivalent and will do until next month when she finishes college. She pays for her phone, her petrol, socialising, clothes and any other bits. She tries to save half of her income per month as she knows she will have to pay for her car insurance herself from August (we paid for the first year), and she wants to pay it in one sum rather than monthly.

She manages her money really well and is grateful to us for helping her to learn how to budget and appreciates that we don't ask for any rent from her - we have only taken rent off our dd's when they work full time.

Why not?...

Toto

Dunroamin wrote: »

Why not?...

I assume due to the changes recently with income thresholds.

nickj_2

i have 18+16 yr old daughters , they both have ptj's , youngest earns £60 p/w , they both pay for anything they want , clothes , phone, etc , me and mrs j give them a roof over their heads and treats/ days out etc , mrs j pays for singing lesson for youngest but on the whole that is about it , they earn enough to be able to look after themselves

neverdespairgirl

When I was in 6th form, doing A levels, my parents paid for school-related things, such as books, lunches, school bus, etc. They also paid for uniform, shoes, winter coats, special occasion clothes for family weddings and so forth, sports clothes (such as a wetsuit for sailing) and underwear. I paid for casual clothes I wanted, or clothes for going out.

Toothpaste, shampoo, soap, tampax etc were all in the house, and I only paid for extra toiletries I wanted, such as make-up or hair-spray, etc.

My parents paid for music lessons, sailing trips, stuff like that.

kittiej

I would rather my DS's save some of their wages towards university costs and the rest on whatever they wanted eg XBOX games with one, fashion (shoes!) with the other.

I wouldn't expect them to pay me anything until they were in full time employment or at least able to afford it. I also expect them to live at home for a long time, especially the eldest lol.

claire16c

I would just get that phone contract cut down and get your daughter to pay for that as £45 is very expensive. Having said that I've got an iPhone 5 with pretty much most stuff unlimited which I pay £27 a month for - but I paid for a big cost of the phone upfront whereas if you get thr phone for free or much cheaper the contracts are much more expensive so I'm guessing that's how that's happened. It works out much cheaper over 2 years to pay more upfront.

I think the rest of what you're doing sounds pretty reasonable.

What my parents did for driving lessons was to match me for each one I paid for and gave me a few to start for my 17th birthday. I think they knew the quicker I learned to drive the quicker my Dad could stop becoming a taxi service