Charging son rentM

planetf1

My son has just come home from uni to start his first job on a salary around the £20k mark

I think it's important for him to pay some contribution towards food, accomodation, bills, council tax - but more to cover costs than anything else.

I'm intrigued as to what people here think might be reasonable.

My gut feel thus far is around the £350 pcm mark, this doesn't seem unreasonable

ultimatedingbat

I paid £200 P/M when I moved home, I was earning about what your lad earnt. That allowed me to save as well as pay rent.

missbiggles1

planetf1 wrote: »

My son has just come home from uni to start his first job on a salary around the £20k mark

I think it's important for him to pay some contribution towards food, accomodation, bills, council tax - but more to cover costs than anything else.

I'm intrigued as to what people here think might be reasonable.

My gut feel thus far is around the £350 pcm mark, this doesn't seem unreasonable

On £20k he should be bringing home around £1400pcm so £350 seems eminently reasonable at 25% of net salary.

Be prepared for people trying to tell you what a terrible parent you are for making a profit out of him because they'll be wrong.:)

Mossfarr

If you rounded it off to £100 per week (£400 per month) then you could put the extra £50 in a savings account towards the deposit for their own place. Not a lot but every little helps!

enthusiasticsaver

When our daughters spent time working at home between leaving university and getting their own homes we asked for a nominal rent to cover costs (not council tax as we would have had to pay that anyway) but extra water, electricity and food. Often though they bought additional food shopping. We settled on around £100 each on the understanding they save a good percentage of their pay which they both did and helped them buy their first homes. We were able to afford to comfortably cover our own home costs though so it depends on your circumstances and what you would eventually like your son to do. If you want him to save to move out into a place of his own probably best not to set the bar too high. I would imagine £350 more than covers the cost of his living expenses but your house so ultimately up to you.

jimmy_cricket

My daughter on returning from uni is paying 200, so approx 50 a week.

I agree, they need to pay their way but daughter is very good with money so hoping the less I charge, the quicker she will be able to afford to leave home ��

mije1983

enthusiasticsaver wrote: »

We settled on around £100 each on the understanding they save a good percentage of their pay

^This

My parents did a similar thing when I still lived at home, even though it was a few years ago now! I was pretty good at saving money, but if your son is not you could always charge him more and put the excess into a savings account for him

However, I appreciate that not everyone will have the financial ability to do this, or indeed the inclination.

lydriver

work out how much extra it costs you

depends how much food/electricity/gas/space he uses I suppose!

planetf1

missbiggles1 wrote: »

Be prepared for people trying to tell you what a terrible parent you are for making a profit out of him because they'll be wrong.:)

He's actually already admitted he expected something in the £300-£500 range.

tanith

Our daughter moved home after her long term partnership broke down , she insisted she pay £200 per month towards bills and was very happy that she still had the opportunity to save for a deposit on a flat to share.

planetf1

lydriver wrote: »

work out how much extra it costs you

depends how much food/electricity/gas/space he uses I suppose!

Yes that's kindof my plan but it's quite tricky to split everything out . We'll likely review in a month or two