How much rent should I pay my parents??

ZeroSum

st182 said:

PS pint of beer then was £1.30, good old websters 

When was 'then'?
I did a bit of bar work in my student days & the most expensive pint was £1.20 that was in 1997

macman

Minimum wage for apprentices is £4.15 an hour. Assuming a 35 hour week, you should be earning about £630pm gross, and you are well below the income tax threshold. So how come you are only getting £400pm?

MaxiRobriguez

Op: This is a discussion you need to have with your parents. This forum cannot tell you the right answer.

Personally if it was me and I was the parent, as long as you weren't obviously lazy and only in your current role because it was easy and you had it easy at home too, then I would want zero contribution from you, instead wanting you to save towards rent upfront payment/house deposits for when you earned more and were in a position to move out. 

But then I'd expect to be in a relatively comfortable position and not need an extra say £100 a month from a struggling child. Your parents may not have that flexibility, the £100 may matter.

Talk to your parents.

Apodemus

I'm with MaxiRobriguez above.  I wouldn't expect any of my children to contribute if they were earning that sort of money and trying their best.  I'd hope for casual help around place, though, wherever possible. 

st182

ZeroSum said:

st182 said:

PS pint of beer then was £1.30, good old websters 

When was 'then'?
I did a bit of bar work in my student days & the most expensive pint was £1.20 that was in 1997

awesome- that was 1998, mates pint (lager) was £1.40! those were at my local though- the cheapest pint in the club at work was about 80-90p IIRC*
*please note these recalled figures may not be extremely accurate after another 20 odd years of consuming said pints

steampowered

If I was your parent, I would not be expecting you to pay rent. Mowing the lawn and doing the washing up would be enough.

I would much prefer that you focus on building your career and putting money aside for your future - e.g. to fund further study or a house deposit.

But I am in a comfortable financial position due to my life choices so perhaps people in a less comfortable position might feel differently. 

You could sit down with your parents and have an open conversation about it. Or you could wait for them to ask !!!

theoretica

A few questions to think about:

What are you adding to the bills - food, energy, choice of TV subscription, loss of any discounts etc

Do your parents have more or less money left each month after essential bills than you do?

If you moved out would your parents downsize or take a lodger in for more income or not?

HIA

My 22 y o still lives with us, youngest of three and in full time employment. He pays us £150/month which goes into a bank account not used for anything else and he will get the same amount of financial help the other two did when they moved out but it'll be his own money back.  I'd ask for more if he was spendthrift but he has a lisa and good savings.

whitesmith

You might also want to consider the tax implications (even under rent a room scheme) and also any effect on means-tested benefits your parents may get

Steve182

It should depend on your parents financial situation as much as yours.

As a 16YO apprentice in the 80's earning £50/week I paid £10, the rate remained constant at about 20% of my earnings until I left home in the early 90's, when I was paying about £50 as I recall based on £250/week income. At that time my parents had a mortgage and I had 2 younger siblings so they needed the money.

As I understand it my sister, who is my youngest sibling, never paid a penny in rent during her various post university stays of several months before she eventually moved out for good. My parents had paid off their mortgage, retired on generous pensions, and had no "children" to support.  They didn't need the money.