Housekeeping money to your parents/from your children

Jojo_the_Tightfisted

elsien wrote: »

When my mother moved in with me, I didn't charge her a penny.:D
Although I did pray very hard that her new house would be ready soon.

You couldn't pay me enough to have my mother under my roof for any length of time. Promising to immediately rebuild the patio and provide me with a watertight alibi might have worked, though...

AubreyMac

My friend had to pay around 1/4 of her wages to her parents, she ended up saying she earnt only the minimum wage.

VfM4meplse

I do not expect anyone that lives under my roof to contribute financially, family or friends.

System

We charged our daughter £30 a week when she lived at home and we charge our son the same though he is hardly ever here.

theoretica

What sort of person is your friend's son? If he would blow all his money on the moment perhaps he would benefit from enforced discipline. If he saves up his money, perhaps for driving lessons, that would be a very different matter.

Jagraf

AubreyMac wrote: »

My friend had to pay around 1/4 of her wages to her parents, she ended up saying she earnt only the minimum wage.

After paying for rent or mortgage, most of us probably earn less than the minimum wage.

Jagraf

Pollycat wrote: »

My Mother took my wage packet from me and gave me my bus fare and 'spending money'.

That was very early 1970s and I was 17 and earning a decent amount.

I didn't mind paying board but I resented the way she did it.

It made me very careful with money and that stood me in good stead throughout my working life.

That's not why she did it though and I couldn't wait to leave home.

My nan did this with my mum. I think she earned 2d 6p but was left with the 6p :eek: It was spent mostly on fags.

Homeownertobe

Jagraf wrote: »

After paying for rent or mortgage, most of us probably earn less than the minimum wage.

That's not how earnings work.

OP - if you choose to charge then it will depend on your reasoning. Do you need a contribution?

Jagraf

Homeownertobe wrote: »

That's not how earnings work.

Not sure what you mean? I mean most of people's earnings go on their bills.

Money_maker

LilElvis wrote: »

I personally don't agree with parents asking/accepting housekeeping and then saving it on behalf of their children as it basically says "I didn't trust you to save it yourself, so I called it housekeeping and took the choice/decision making from you".

The idea is that the young person doesn't know that it's being saved on their behalf. As far as they're concerned, they're paying their way and giving their parents housekeeping. End of. It's a nice surprise when they want to move out and are given a lump sum. I try to save 50% of DS1's housekeeping.

Additionally, DS1 is going through the stage where all money is converted to alcohol and p***ed up against the wall so despite living at home, he has no savings. I'm quite happy to tell him that I dont trust him to save, after all he's spent all the money saved for him as a child. But he doesn't know about the money saved and wont know until he passes this stage he's in.

BTW, some youngsters these days are on zero hours contracts or low hours so housekeeping is unlikely to be as high as years ago.