How much board should I be paying?

[Deleted User]

liney wrote: »

During my PGCE year, which is calculated like a undergrad, I had the maximum maintenance loan and grant which equated to around £7.5k for the year (12-13). It's a lot of money to disregard.

I'm not sure how you got this much as I get just over £4500 for the year? Including loan and grant.

poet123

jadeappleby wrote: »

I'm not sure how you got this much as I get just over £4500 for the year? Including loan and grant.

PGCE bursaries are subject dependent.

ilovelondontown

Something rubs me up the wrong way too about the idea of charging you children to live with you once they get to a certain age. I think it's even more unfair that the OP is holding down a p/t job and getting a degree and taking home £600 to cover everything in a month after she's paid her out goings and mum wants more. As for the loan comments, this will most likey be paying heafty student fees that can be £3k upwards a year

A lot of people here who say they should be charged are older, home owners and left home in a very different time to today, so its probably fair to say that the advice to the OP is biased towards the parents favour.

Getting on the property ladder is a pipe dream for a lot of young people (myself included), jobs aren't going to keep you for a life time and there might not be a pension pot at the end of your working life, money that you might once have inherited is now being used up before it is passed on and sky tv and a run around car might be the best luxuries one can ever have.

I actually feel like if I have kids at home into their late teens/early 20's and beyond I would ask for a contribution which reflected their financial status, but it would be just that, a contribution, not a "this is the best deal you'll get love" threat.... one day they WILL be forced to keep up with financial commitments and given how sucky it is to be a fully fledged adult with financial commitments to the day they die I'd love to be able to give my children a chance to enjoy having money for a while before it becomes the focal point of every decision you make.

OP I think if you can't afford to give your mum some more money prehapes you could have an agreement in kind? Maybe you cook one night a week or you baby sit, do the shopping for mum? do a regular chore.

liney

poet123 wrote: »

PGCE bursaries are subject dependent.

No, my bursary was an additional 5k. My student maintenance loan and maintenance grant only, came to around £7.5k.

PGCE student finance is calculated the same way as my undergraduate degree was: if your HH income is less than £25k you are entitled to maximum assistance.

liney

£4500/12 = £375 plus £600 wages, means you have £975 per month in your pocket, and you Mother wants £150 - £170 of it. ie 17.4% maximum.

RAS

So you have a tax free income of a little under £12,000. Plus the opportunity to work full-time over the summer?

And you mother wants £2000 of that.

silvercar

thorsoak wrote: »

Once uni was over and they were in paid employment, we sat down, went through the costs of running the home - lighting/heating, water, insurance, council tax, and general wear & tear replacements, we divided it by the no of people in the house (6) and worked out a figure based on 1/6th of the household costs - obviously the mortgage/mortgage insurance did not come into the equation. Based on whatever they were earning, we managed to arrive at figures which the current three who were working found fair.

Some of those costs you will incur irrespective of whether the students return home. Some are dependent on the property that the parents chose to buy/ rent in the first place. eg council tax.

I don't get how youngster just starting out on their careers can be expected to make the same contribution as the parents who should be well placed on the career ladder.

thorsoak

silvercar wrote: »

Some of those costs you will incur irrespective of whether the students return home. Some are dependent on the property that the parents chose to buy/ rent in the first place. eg council tax.

I don't get how youngster just starting out on their careers can be expected to make the same contribution as the parents who should be well placed on the career ladder.

That's not what I said .....I said that we did NOT include mortgage/council tax in the calculations, and also that we based their contributions upon what they were earning. The property was also chosen as the family home for the children concerned.

And not all parents are earning more than their offspring ....at the time I am referring to, my OH was on something not much more than NMW as he had to give up his profession due to ill-health and only able to work part-time.

sneezyboots

I have to say I disagree with most of the rest of the posters here.

If the OP was working full time having completed their education then fair enough but they are studying and working and paying what I think is a more than reasonable amount of rent.

When I went to uni my mum said she didn't want me paying her anything as she knew I was sensible with money and would save most of what I earned anyway. She said once I left uni I needed to pay or move out and I moved out because I could afford to with what I saved living at home.

Some of you are going on about paying to live somewhere else but the whole point of living at home and going to uni is to save money surely?

My mum not charging me at uni allowed me to save up so a few years later I had a deposit for a house.

If the OP moved out today I doubt very much the parents would save anywhere near £130 a month.

To all those parents who have children at uni who pop home every now and then with bin liners of washing for you to do- do you charge them for this?

mumps

liney wrote: »

No, my bursary was an additional 5k. My student maintenance loan and maintenance grant only, came to around £7.5k.

PGCE student finance is calculated the same way as my undergraduate degree was: if your HH income is less than £25k you are entitled to maximum assistance.

But the OP isn't likely to be doing a job earning £600 a month on a PGCE is she? People I know who have done PGCE's haven't had time to work due to placements. We also don't know if the OP gets a grant or how much loan she gets. Most students I know get less than £7.5 k.