20 Year old sons rent

KxMx

I think the financial amount is fair.

Some life skills might come in handy, so try and transition away from a parent/child dynamic to adults living together, where everyone does a share of cooking, cleaning etc

He'll be much better equipped then when he moves out. 

Spendless

I think the amount youre charging is fair. Outside rents/bills arent charged on a % of what you earn.
Knowing how to do the laundry is one thing, doing your own separately, Ive never seen the point of, youre just paying for the WM to go on again instead of having it added to a household wash.

olgadapolga

I added up a whole year's worth of outgoings (food, council tax, water, broadband, gas, electricity, TV licence, etc) to allow for variances of seasonal costs then divided it equally by the number of people in the household. It worked out at £275 per person per calendar month. The biggest factor by far was food.

My son's university charges £180/week for a room in a shared flat, with food, etc., on top.

silvercar

Do you need to charge? If so, I would calculate the EXTRA it is costing you by having him at home eg extra heating/ faster internet/ more food. With 2 adults already in the house you shouldn’t have any more council tax to pay and most costs you would incur anyway. Personally I wouldn’t want to profit from my children living at home, so would only charge the extra costs and then only if I needed to. 

Pollycat

silvercar said:

Do you need to charge? If so, I would calculate the EXTRA it is costing you by having him at home eg extra heating/ faster internet/ more food. With 2 adults already in the house you shouldn’t have any more council tax to pay and most costs you would incur anyway. Personally I wouldn’t want to profit from my children living at home, so would only charge the extra costs and then only if I needed to. 

I think it's sensible to charge as it gives a sense of the value of money.
Presumably, sooner or later, the son will move out and have to manage rent/mortgage, utility bills, food etc.
It gives a grounding - imho.

oystercatcher

When my boys were at this stage I looked up the cost of a room in a shared house and suggested that they save this amount as I didn't need any extra money from them and didn't want to profit from them. This resulted in them having a decent deposit available when they needed to buy a house.

consumers_revenge

Theres the cost of feeding a growing lad plus gaming pcs, household washing, extra cooking, charging ipads, baths so its also all the extra electric used from that that adds up. So were looking at just over £8 a day all in.

I also want him to see that it costs to live in the real world and its far more than this.

Marvel1

oystercatcher said:

When my boys were at this stage I looked up the cost of a room in a shared house and suggested that they save this amount as I didn't need any extra money from them and didn't want to profit from them. This resulted in them having a decent deposit available when they needed to buy a house.

That is the best way of doing it, instead of taking it and saving it for them.

pinkshoes

Personally I'd charge a bit more then put the extra aside for him in a savings account every month without telling him. 

In two years time you could then gift him a decent rental or car deposit.