How much rent should my parents charge me?

krlyr

Peter333 wrote: »

Exactly Fairy Lights!

To generalise like this is extremely unfair and wrong. I know at least half a dozen 20-25 year olds, who started work at 18, or left uni at 21, and still live with their parents, who pay £300-£400 a month board money out of £800-£1000 salary.

They are happy to pay it, they are grateful to have around £500-£600 surplus income a month, and some of them run their own car too.

Not ALL 'millennials' are spoilt-rotten snowflakes, and not all 30 and 40 somethings are hardworking industrious people, or high flyers on great salaries. I know a few boomerang offspring who came back to their parents in their 30s, after a failed relationship, and are still there, (two to three years later!) grumbling because their parents expect board money off them. And some of them don't even lift a finger to help in the house, and expect their elderly parents to wait on them hand and foot!

Being a 'snowflake' isn't age related!

Exactly. I paid board from 16, when I left fulltime education (my mum's rule - which I was well aware of when I made the decision to leave college), I was on minimum wage doing a retail job and paying £200 a month - and that was 12 years ago! I really appreciate the life lesson it gave me, and although my mum's intention was to save the money to give back to each of us when we flew the nest, circumstances changed and it became essential money to live, I don't begrudge paying a penny of it.

If I was to move back in with them now, for any reason, I would be expecting to pay at least that a month board, likely more, unless that was really beyond my means for whatever reason. I couldn't get a houseshare around here for under £450 and a share likely wouldn't accept my dogs, so it would be a huge favour for them to take me in at all.

Thunderbird4

I don't charge my 24 year old son rent.

I worked hard to provide a home for my family. I earn my money by working not by charging my children.

Some people like to profit from their children and I respect their right to do so. It's just not how I want to live.

Mojisola

Thunderbird4 wrote: »

I don't charge my 24 year old son rent.

And your 24 year old isn't embarrassed at not paying his share of the bills?

lady1964

Thunderbird4 wrote: »

I don't charge my 24 year old son rent.

I worked hard to provide a home for my family. I earn my money by working not by charging my children.

Some people like to profit from their children and I respect their right to do so. It's just not how I want to live.

We have our 21 year old DD still living at home, she pays us 20% of her take home pay as 'rent'. We don't need it, financially we're very fortunate to be comfortable, however we don't see taking a bit of her pay off her as profiting from her and actually, that's a bit of an offensive term.

What we and other parents are doing is teaching our adult children a very valuable life lesson which is how to budget, that life isn't a free ride and people have to pay their way. I know that the amount our DD pays us doesn't cover our total bills but she wants to contribute to the household and she is grateful for what she has learned from that.

katsclaws

I so agree Thunderbird 4.

Thunderbird4

Mojisola wrote: »

And your 24 year old isn't embarrassed at not paying his share of the bills?

Not really no. He's saving for his own house so I don't see any need to take some of his wages off him to make a few quid.

He's my son not a lodger.

Thunderbird4

lady1964 wrote: »

We have our 21 year old DD still living at home, she pays us 20% of her take home pay as 'rent'. We don't need it, financially we're very fortunate to be comfortable, however we don't see taking a bit of her pay off her as profiting from her and actually, that's a bit of an offensive term.

What we and other parents are doing is teaching our adult children a very valuable life lesson which is how to budget, that life isn't a free ride and people have to pay their way. I know that the amount our DD pays us doesn't cover our total bills but she wants to contribute to the household and she is grateful for what she has learned from that.

You're teaching your daughter a lesson by taking 20% of her income off her, seems a nice lucrative lesson

If you don't need the money then personally I would put that money in a savings account and give it back to her when she wanted to buy her own place.

Although obviously how you choose to raise your children is nothing to do with me.

Mojisola

Thunderbird4 wrote: »

Not really no. He's saving for his own house so I don't see any need to take some of his wages off him to make a few quid.

He's my son not a lodger.

If he paid the extra that the bills cost because he also lives at the house, you wouldn't be making any money - he would be covering his own living expenses which any self-respecting adult would expect to do.

Thunderbird4

Mojisola wrote: »

If he paid the extra that the bills cost because he also lives at the house, you wouldn't be making any money - he would be covering his own living expenses which any self-respecting adult would expect to do.

Cool.

So because I decide to not personally financially profit from my son living in his family home then he isn't a self-respecting adult.

As a matter of interest should I also be charging the wife and dog?

warby68

Thunderbird4 wrote: »

Not really no. He's saving for his own house so I don't see any need to take some of his wages off him to make a few quid.

He's my son not a lodger.

And if he's still with you at 35 with not much to his name and no obvious means of being self-sufficient if something happens to you?