Charging Rent from children?

scd3scd4

svain wrote: »

.... and i fail to understand parents who seem bereft of any financial compassion to their kids ... preferring to milk them as soon as possible and dressing it up as a life lesson

Milk???.................lol..............a 28 year old giving £100 a month. Ohhh the drama!! lol

Fireflyaway

My parents never charged me rent. I left at age 24. I will never charge my daughter either. I just feel uncomfortable with the idea. I'd be happy if my daughter was considerate enough to offer money but id not actually take any money. I'd rather she offered to Hoover or buy some food here and there. I wouldn't let my child move their partner in. If they want to live together then they would need to find their own place.

maman

Tabbytabitha wrote: »

But anybody can save when they're living rent free - it seems a more useful lesson to me to learn to save when you have to budget for your living costs as well.

Tabbytabitha wrote: »

You could, of course charge them their share of the bills and then a set amount for food.

However, I wasn't talking about money management in general, I was talking about learning to save when you need to prioritise your living costs and then make difficult choices between saving and leisure spending. With a full salary and no living costs to pay you wouldn't need to make choices, you'd have enough money to do it all.

I think you've missed the point.


Many parents are helping their children onto the housing ladder by lending/giving them capital to help with house deposits.


There are others who perhaps don't have that income but can help their adult children to save up deposits from their own money by letting them carry on living in their family home without charging them anything.


It's a helping hand. There are so many young people paying rent which is at the same level or even more than paying a mortgage would cost. All they need is a deposit which is where some parents are glad to help.


At the risk of upsetting some posters further, I buy my adult children gifts and treat them to meals. I've even been known to pay for a holiday!:eek:

svain

scd3scd4 wrote: »

Milk???.................lol..............a 28 year old giving £100 a month. Ohhh the drama!! lol

read my other post .... and you will see im talking about school leaver/first job age bracket ...... Someone is trying to find "drama" where there is none

Loz01

svain wrote: »

.... and i fail to understand parents who seem bereft of any financial compassion to their kids ... preferring to milk them as soon as possible and dressing it up as a life lesson

WHAT? Earning 28k a year and you think a hundred quid a month is an unreasonable amount? Wow.

svain

Loz01 wrote: »

WHAT? Earning 28k a year and you think a hundred quid a month is an unreasonable amount? Wow.

(yaaawn) Another one who cant read

scd3scd4

svain wrote: »

read my other post .... and you will see im talking about school leaver/first job age bracket ...... Someone is trying to find "drama" where there is none

My daughter started on 25K plus unlimited over-time....................like I already told you MILK and 100 pound a month is just drama. First job can be misleading. ZZZ zzz zzzzZZZZ

svain

scd3scd4 wrote: »

My daughter started on 25K plus unlimited over-time....................like I already told you MILK and 100 pound a month is just drama. First job can be misleading. ZZZ zzz zzzzZZZZ

Then my point is obviously not aimed at you then, is it .... I know its difficult but try seeing the bigger picture beyond yourself

JReacher1

ss53 wrote: »

Whereas others feel they have failed as a parent if they have not prepared their children for the realities (and costs) in life for when they leave home. Horses for courses.

Personally I believe it is possible to prepare your children for the realities of life without taking money off them.

It is "remarkable" how preparing your kids for the reality of life also has the added benefit of making you money!

maman

JReacher1 wrote: »

Personally I believe it is possible to prepare your children for the realities of life without taking money off them.

It is "remarkable" how preparing your kids for the reality of life also has the added benefit of making you money!

I agree with you but it seems no matter how often and how simply we make the same point others are fixated that it's good to take money from 'children' when they start earning.


I know that children grow up and become adults but to me they're still my children, always will be. When they weren't adults and lived at home I paid all the bills. When they started earning they took over paying for some things like their own clothes, travel etc. so, if anything, my outgoings were less not more. I don't need their money and it gives me pleasure treating them whenever I can just as my parents did for me. I'm also pleased to see them having their own money to enjoy life including (now they've left with some help from us) the pleasure they get from their own homes and gardens.


I do realise though that in some families they can be out of pocket when Child Benefit stops and there aren't any more free school meals and then they seriously need some extra money and there are people on these boards like that.