Kids contributing

Titus_Wadd

Did your son study from home or in digs away from home?  If he's paid rent for a flat and general upkeep for a few years there's no excuse.  £200 per month is a bargain, I hope he realises that soon OP.

valerieh

CocoM2020 said:

jimpwarsop said:

kangoora said:

Just a thought, the numbers don't add up on his salary. Both examples below assume 5% pension payments and nothing else. 

If he was earning £19.5k/year then his take home should be £1,364

If his take home is £1,759 then his salary is £26,900/year (maybe a little more as he would be in Uni loan repayment territory)

Regardless, even on a take home pay of £1,364 then £200 is an absolute bargain compared to the costs of finding his own place, especially if it includes use of a car!

He isnt paying tax.

Surely he pays tax on his income as it’s over £12,500? 

He has to earn £1250 before he pays tax as it’s his first job as been to uni ..

silvercar

fred246 said:

I think it depends on the parent's financial situation. I would never dream of taking money from my children because I have got enough. I would expect mine to be saving a large amount of their income though for future housing costs 

I agree,  unless you are struggling financially, why charge your children to live with you? They will flee the nest soon enough, enjoy the time they are at home without charging them for the privilege.

AskAsk

silvercar said:

fred246 said:

I think it depends on the parent's financial situation. I would never dream of taking money from my children because I have got enough. I would expect mine to be saving a large amount of their income though for future housing costs 

I agree,  unless you are struggling financially, why charge your children to live with you? They will flee the nest soon enough, enjoy the time they are at home without charging them for the privilege.

it is always good that children are taught about contribution to a family unit.  if the parents have a lot of money already then it is still worth teaching this to their children.  they can always give the money back when their children buy a property. 

at the end of the day, parents will always be giving money to their children over the course of time, and to their grandchildren.  so it is more about paying something back to your parents who have paid for everything until you can earn yourself.  living at home shouldn't be any different to living on your own.  the sooner you learn, the better.

TBagpuss

silvercar said:

fred246 said:

I think it depends on the parent's financial situation. I would never dream of taking money from my children because I have got enough. I would expect mine to be saving a large amount of their income though for future housing costs 

I agree,  unless you are struggling financially, why charge your children to live with you? They will flee the nest soon enough, enjoy the time they are at home without charging them for the privilege.

I don't think it is unreasonable to expect a working adult to contribute to the household they are living in, even if they are also a member of the family. I think it can be a very helpful starting point for young adults starting out in work as it's a cheaper option (usually)  than living independently but can help people to get used to to having bills and living costs to pay so they have less unrealistic ideas about this things when they do come to start living independently. 
I don't think there is a 'one size fits all' answer as to what to charge, as this is always going to depend on the parents financial situation, the 'child's' income, and their other costs including what it costs them to get to work and what other outgoings they may have .
If the parents are financially secure then they can, of course, chose to put the funds aside and chose to offer a lump sum towards a deposit or other expenses when the 'child' moves out., but I thin if you don't expect any contribution you are not necessarily helping your child, as you leave them with an unrealistic idea of what life costs, and they will see a much bigger drop in their disposable income when they do ultimately leave home, making it harder to adjust. 

OrkneyStar

Oh for heaven's sake, he sounds very entitled - I am not sure if you have pandered to him in the past but now is as good a time as any to point out that he is an adult, he is earning decent money, and therefore you are no longer responsible for any of his living costs. He needs to pay rent, his share of the bills and food etc., plus any car related expenses too. 
You are doing him no favours - he needs to enter the real world as soon as possible!