How much board for an 18 year old?

silvercar

gettingtheresometime wrote: »

Well our son who earns £1,000 pm pays us £250 pm board and then saves £450 pm.


£250 includes all his food - unless he wants something specific and then he pays - as well as the household bills.


He knows we aren't saving it for him as it is paid into an account that OH and I use for holidays.....will miss it soon as he's in the process of buying his first house!

Very honest of you to admit this, but I am actually shocked that someone would so blatantly profit out of their children.

[Deleted User]

takman wrote: »

Also if they are good at saving money and have all the best accounts then if you give them back exactly what they paid you they will be loosing out on all the interest they could have got over the years (5%+ in a regular saver).

They'll have saved several years of paying rent though!

applepad

indsty wrote: »

I did this, but never told them they would be getting it back so they wouldn't be depending upon it - but it was very much appreciated when it was !

That's what. Intend to do, he will not know he will get it back

martinbuckley

When our son finished college and worked, his contribution was calculated on what it cost us to have him there. (ie there was no change in Council Tax, gas, Sky, Phone Rental etc, but there was a slight increase in electric, water and food).

He pays £100 a month. We keep it low on the condition he puts £100 a month from his wages into his ISA, and he helps with jobs around the house. He cleans his own bathroom, does his own ironing and washes the dishes after tea if he is in.

I have no desire to make any money out of my kids living with me.

skcollo

toniq wrote: »

My son (19) earns approx £1200 a month, we ask for a £160 per month board on the condition he saves minimum £500 a month towards a deposit for his own place.

He has happily agreed to that as he knows even to rent a room in our area is well over £100 a week so he knows he has it lucky.

Out of his board his mobile bill is covered, he has no expenses at all bar £4 a day bus fares.

Yeah £160 a month here too. Thats what it costs, food, laundry service, snap, lifts etc etc.

alwaysskint96

svain wrote: »

£75 per week?? ... ouch!! .... No profit, you reckon. She must eat a heck of a lot in them fridge raids during the few hours an evening she's at home after work

Where else could they get full bed and board for that price? When my daughter was working full time aged 20 ( only 2 years ago) she was paying £50 a week. This wasnt put into savings but instead contributed to the bills.

For example the council tax went up nearly £40 a month a soon as she was out of FT education ( lost the 25%) discount. She was still being fed although if wanted takeaways etc she had to pay for herself) Same as internet, electric water etc- still being used

Since she has moved out and in with her OH she realises she had a good deal

Loz01

TheGardener wrote: »

Child B is over 21 and still at home - works fulltime, earns about £20K pa gross. Pays £75 per week while saving for own place. No profit here - between the fridge raids, laundry service and other overheads.

I think £75 is MORE than fair for someone earning 20k a year! Where else could you find somewhere with full board and food and heating and high speed internet and probably your Mum or Dad still doing your washing sometimes, not many places...

I don't think its using teenagers as "cash cows", more preparing them for the real world. I used to pay my Mum some money when I was earning £4.25 an hour at Argos.... yes I paid a measly amount but thats life, it taught me that you don't keep 100% of your wages!

welshmoneylover

I take nothing, I'm just glad to be blessed with healthy children and a very loving family.

I don't see them as cash cows.

takman

alwaysskint96 wrote: »

Where else could they get full bed and board for that price? When my daughter was working full time aged 20 ( only 2 years ago) she was paying £50 a week. This wasnt put into savings but instead contributed to the bills.

For example the council tax went up nearly £40 a month a soon as she was out of FT education ( lost the 25%) discount. She was still being fed although if wanted takeaways etc she had to pay for herself) Same as internet, electric water etc- still being used

Since she has moved out and in with her OH she realises she had a good deal

Loz01 wrote: »

I think £75 is MORE than fair for someone earning 20k a year! Where else could you find somewhere with full board and food and heating and high speed internet and probably your Mum or Dad still doing your washing sometimes, not many places...

I don't think its using teenagers as "cash cows", more preparing them for the real world. I used to pay my Mum some money when I was earning £4.25 an hour at Argos.... yes I paid a measly amount but thats life, it taught me that you don't keep 100% of your wages!

You two are completely missing the point, you can't compare it to them getting bed and board elsewhere because everywhere else will be making a good profit from it!.

Personally I think the best way is to charge them how much extra costs they incurr by them living there. So you don't consider the rent or mortgage because that doesn't change on occupancy, you don't consider council tax or water unless it changes due to single occupancy as above or you are on a water meter. You don't consider heating because the house is heated anyway.

So at most it will be £5 a week for electricity (I challenge anyone to show that one person in a room can use more than this).
Around £5 a week for showers/bath and washing costs.
The only other cost is food which won't be much when it's just larger portions of meals already being cooked. Any extra food they can buy themselves.

Loz01

takman wrote: »

You two are completely missing the point, you can't compare it to them getting bed and board elsewhere because everywhere else will be making a good profit from it!.

Don't you think its a good preparation for the real world? Showing them that if you earn 20k a year, you don't KEEP 20k...