Money Moral Dilemma: Should I agree to pay my mum more rent?

borkid

Pollycat wrote: »

Maybe it's not the fact that the OP's Mother is increasing the rent but the fact that she's doubling it.

Would anyone be happy if their rent or mortgage doubled overnight?

We don't know why she is doubling maybe she gave a reduced rate whilst her son got established at work. Maybe her son was told this would happen and 'forgot'.

Not over night but I do remember mortgage interest rates doubling in the short time we were buying our first home.

Pollycat

borkid wrote: »

We don't know why she is doubling maybe she gave a reduced rate whilst her son got established at work. Maybe her son was told this would happen and 'forgot'.

We don't know a lot of things, including how much the OP is earning, if she's saving, the financial circumstances of her Mum.
We don't why the amount was originally set at £100 per month.
We don't know if the OP (male or female?) has memory problems.

What we do know is that the amount she is being asked to pay is doubling.

borkid wrote: »

Not over night but I do remember mortgage interest rates doubling in the short time we were buying our first home.

But were you happy about it?

No need to answer - I worked with enough people who were frantic with worry about mortgage rates increase.

kryssykk

At the age of eighteen you become legally an adult with the vote. You could vote with your feet and move out.
When our son started work after college we sat him down with the bank account and showed him where every penny was spent and what it was spent on. It equated at the time to approx 1third of income on mortgage and utilities, one third on food cleaning etc and travel expenses and one third was savings to cover holidays, clothing car service and repairs and the odd meal out.
we therefore agreed he should do the same so one third he gave as his keep one third he saved and what was left was day to day spending. he didn't smoke or drink.
Incidentally, whenever he got a rise without asking he handed one third of his rise to us.
He is now in his fifties and has no debt a mortgage that is almost paid in full a successful internet business and has never asked us for any financal help.
As parents we feel "Lessons learned Jobs Done"

Dolly_DD

Is this post for real?! In 1986 I was paying my Mum £12 a week plus I had to buy my own toiletries, any specific food stuff I wanted that she didn't get in her weekly shop, do my own washing and ironing, I had to do my own ironing from age 14, and I used to rent the video recorder for the house, plus contribute more on special occasions, Easter and Christmas. By the time I left home in 1991 I was paying £20/£25 a week. I didn't feel hard done by at all. I knew I had to contribute. And I was quite happy to. Even though a quarter of my take home salary went on rail fares to travel to work in the first place! I can't believe that in this day and age, someone would think that paying £200 for board and lodging each month is too much!

Lindamary_2

Yes I think £100 is not enough, £250 per month is more realistic. It's no use paying a small amount,wake up and smell the coffee. What would you get for £100 per month:rotfl:😅

Pollycat

Lindamary wrote: »

Yes I think £100 is not enough, £250 per month is more realistic. It's no use paying a small amount,wake up and smell the coffee. What would you get for £100 per month:rotfl:😅

I personally don't think it's possible to say what a more realistic amount is without knowing what the OP earns.

If he/she is on NMW - we don't know how old the OP is but we do know they've been paying board for a year since they started working - it could be £7.50 per hour (25 and over) or £7.05 per hour (the rate for 21-24 year old) or it could be £5.60 (18-20 year old).
We don't know if the OP is working full or part time or on a zero hour contract.

svain

borkid wrote: »

Really so you know everyone true motives. When my son graduated over 15 years ago he didn't appear to be making an effort to move out. His last year he was living at home and commuting. Until then we had paid for everything I think something like £600 to £700 a month when he was renting. We didn't begrudge him a penny. As with his sister we said you have 2 months grace to get a job and sort yourself out then we will start charging the going rate for your suite of rooms, 2 rooms + own bathroom + separate phone and internet line + also included all food and bills car share etc. It focused his mind went out that weekend and got a job and a house share in London. If he had been trying to get work and couldn't then we wouldn't have asked for money but just clean etc whilst we were both working. If 'children' want to be treated like adults then they need to act like adults and take some responsibilty. We had planned to save the money for when he needed it later on.

We still lend him money although he rarely asks, job relocation/ late expenses being credited type thing. Our decision to charge rent was definitely not because we wanted the money.

The motive to charge to encourage the children to move out and become independent, or get a job etc is a fair motive imo .... especially if they are sitting around on their !!!!!! all day.

I think charging someone who has returned home after living away or break down in relationship is also fair.

Its the parents with pound signs in their eyes the minute their children get an income and justify it somehow differently is the ones my comment was aimed at.

LauraCV21

When I lived at home my parents charged me and my siblings one third of monthly pay each. They had worked hard all their lives with little material to show but we never went without. This was a great way to get us ready for the real world so as we each left home we didn't end up in masses o f debt. I've told my child wrenches in full time work she will be doing the same. At the moment she's a student with a part time job and I don't take money from her but she is saving to pay the first year car insurance herself when she passes her test. Kids today have it too easy and don't understand that you have to pay for what you want. The bank of mum and or dad isn't bottomless.

Robisere

Haven't read all of this Saga, but here's my twopenn'oth -
My first job was going to sea, so I paid board when at home: age 16 to 17¾, I paid £1.10 Shillings out of a wage of £2 to £3 a week. Then I worked at a local colliery, first wage was about the same until I went underground for £5. 7 and 6pence. I paid £2 a week board. Later I joined the Army and sent money home, found a partner and lived 'out' illegaly. After I came out and the relationship crashed, I lived with my parents again. In 1976 and until 1988, I paid from £35 to £50 a week.

That's £200 a month in 1988. A krappy bedsit at the time was around £35 to £45 a week.

How can this lad feel hard done by? Inflation, food and utility prices have gone up since then by at least a factor of 5, I would think. If he doesn't like it, find a better deal elsewhere, they do not exist!

rach_k

From around 2004, I paid my mum £200/month board and I knew that was a good deal.

I suppose it was a shock to be asked to pay double the current rate, but £200 is still less than I'd consider fair so instead of complaining about the doubling, think yourself lucky that it's still cheap and you had it at half that previously.