How much rent should my parents charge me?

AylesburyDuck

I'm not sure why people feel the need to argue over the rights or wrongs of charging rent, it's purely personal choice and wether it teaches a life lesson again is purely debatable. All parents and all children differ, its what makes life so interesting.
We as a family dont charge rent to our children who work, they do however show their appreciation in other ways and it works better for us as a family. However i can see value in it, BUT, it depends on situations, personality, and a far bigger picture than normally those outside a family can see.
Again, i dont see black and white on this issue, only grey.
It's the OP's attitude that stinks in my eyes.

Thunderbird4

warby68 wrote: »

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?

I have taken steps to provide for my family if anything happens to me.

It always makes me laugh the way people justify charging their own children rent. Your argument appears to be if I don't charge him say £250 a month he will become a layabout who won't have any money or job and then when I die will find himself homeless.

Thankfully he has been raised well (admittedly that's mainly down to his mother) and his whole future won't be destroyed by me not profiting off him. He has a good job as a teacher and will soon be able to afford his own house and be able to leave the nest (which will be a very sad day for me).

Pollycat

Thunderbird4 wrote: »

I have taken steps to provide for my family if anything happens to me.

It always makes me laugh the way people justify charging their own children rent. Your argument appears to be if I don't charge him say £250 a month he will become a layabout who won't have any money or job and then when I die will find himself homeless.

Thankfully he has been raised well (admittedly that's mainly down to his mother) and his whole future won't be destroyed by me not profiting off him. He has a good job as a teacher and will soon be able to afford his own house and be able to leave the nest (which will be a very sad day for me).

When I started wofk, my Mother took all of my wages off me & gave me bus fare to work & spending money.

My younger sister paid board, a lot less than I paid

My youngest sister paid no board.

Guess which one of us is most money-savvy?

lady1964

Thunderbird4 wrote: »

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.

We have also taught her and our two other grown up children how to budget and they are all very grateful and very good at managing their finances. That's a very valuable ability to have. None of them have any debt, they are all independent and living nice lives because of what we have taught them.

You don't know what we do with the money we get from her, I haven't said what we do with it, how do you know we aren't doing what you personally would do? Actually maybe you should be taking rent from your adult son & putting it away to help him. You are clear that you don't take rent from him.

To the OP, if your parents are beginning to struggle with money then you should pay them what they've asked for. When I lived at home (over 30 years ago) my parents weren't financially comfortable and I paid about £200 a month rent which I know helped towards the household bills. They both worked full time but had a mortgage to pay and didn't have an expensive lifestyle. I never queried the amount they asked for as I knew it was needed and I'm grateful for the lesson it taught me.

Thunderbird4

Pollycat wrote: »

When I started wofk, my Mother took all of my wages off me & gave me bus fare to work & spending money.

My younger sister paid board, a lot less than I paid

My youngest sister paid no board.

Guess which one of us is most money-savvy?

it sounds like you have a bit of family resentment here. Which to be honest is perfectly understandable as I don't really understand a parent who treats their three children differently.

Again though I find it slightly ridiculous to say that your sisters aren't as money savvy as yourself because your mum decided not to charge them rent.

missbiggles1

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.

Most well brought up young adults would be ashamed to cadge off their parents, even if the parents were to allow it.

Thunderbird4

lady1964 wrote: »

You don't know what we do with the money we get from her, I haven't said what we do with it, how do you know we aren't doing what you personally would do? Actually maybe you should be taking rent from your adult son & putting it away to help him. You are clear that you don't take rent from him.

I don't need to take £200 a month off my son to help him save money. He is perfectly capable of doing that himself.

It is his choice to save money to buy a house. If he wanted to stay in the family home all his life he would be more than welcome.

LKRDN_Morgan

Thunderbird4 wrote: »

I have taken steps to provide for my family if anything happens to me.

It always makes me laugh the way people justify charging their own children rent. Your argument appears to be if I don't charge him say £250 a month he will become a layabout who won't have any money or job and then when I die will find himself homeless.

Thankfully he has been raised well (admittedly that's mainly down to his mother) and his whole future won't be destroyed by me not profiting off him. He has a good job as a teacher and will soon be able to afford his own house and be able to leave the nest (which will be a very sad day for me).

I think this is wonderful and I'm sure your son more than appreciates it. I would love to live back with the rents to save quicker for our mortgage but their having none of it
Selfish

Thunderbird4

missbiggles1 wrote: »

Most well brought up young adults would be ashamed to cadge off their parents, even if the parents were to allow it.

Can you provide evidence or a source for the word "most". I suspect that is absolute garbage and again just a way to salve your conscience to justify profiting from your own child.

LKRDN_Morgan

missbiggles1 wrote: »

Most well brought up young adults would be ashamed to cadge off their parents, even if the parents were to allow it.

Since when has a parent helping their child save quicker and get on the property ladder a thing to be embarrassed about?