Contribution towards household costs

I'm 28 and proud to say I still live at home... simply because I don't feel any embarassment about it. I live with just me and my (divorced) old man who is away all week and only comes back on weekends (and sometimes not even then)... so it's like having my own place in many respects. Why should I waste a ton of money moving to a pokey flat in London for £800 a month when I can live in a lovely 3 bedroom house in a great area and be comfortable? Especially since i'm still a bachelor and have no wife or gf to worry about, i'm not ready to settle down yet. I pay my own way financially and I do all the cooking cleaning and washing... it suits both of us perfectly at our current stages in life.

Not everyones situation dictates they need to move out of their parents house asap, and with the current economic climate as well as the housing crisis making for an awful time for first-time buyers, and causing rent prices to rise, it is not a good time to be moving out simply for the sake of moving out imo... :)

Besides i'm moving to Zurich for 6 months next week, and then when I come back from there I think i'll be moving to London... so i'll be glad I saved the cash. :p
 
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choi said:
Following on from my other post:
http://forums.overclockers.co.uk/showthread.php?p=12605656#post12605656

I live in a three bed room house with my wife and two sons in their early twenties

What is a reasonable sum to expect them to pay towards household costs

I have paid off my mortgage
My wife and I pay about 120 pounds plus a week on food plus odds and ends costs
Elec and gas was about 45 pounds per week in total

Does 45 pounds a week seem ok

Regards

Choi
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i pay nothing

but im leaving soon as my parents are freaks and i don't want to see them
 
bigmouse64 said:
....and reality will hit twice as hard when he does eventually leave.
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Not really, I was working for a Housing Association for 18 months sorting up all sorts of stuff with our properties from bills to maintenance and rowdy neighbours. I know the stuff isn't easy and I'm glad I don't have to deal with all of it in my household just yet ;)

Basically as it stands I'm saving up a fair bit now, can easily afford big purchases for the house and in future when I do move out I'll have a much better start and safety net with money.
 
I pay 1/4 of whatever i earn per month which atm works out about £230

when i was at college but still had a job doing 16 - 20 hours a week, i just spent money as i didnt really have any expenses.

Now im in a full time job, definatly paying rent has helped me manage money, as i now pay rent, have to pay quite a bit for petrol etc etc.#


It also meant that if i ever didnt earn very much in 1 month or so, i wouldnt end up paying a crap load of rent.

That 1/4 covers rent, electric, gas, internet which i use the most, phone etc etc all the normal stuff.
 
mike5678 said:
Not going to move out to rent somewhere. Can't afford to buy anywhere decent yet until I save a bit more. Plus waiting on the housing market to fall a bit more.

Thanks for caring.
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I would just rent, why the heck i would want to be living with my parents on over 20k a year is madness, 35k is almost comical. Im just staggered that people dont want their own independance putting money aside, i cant think of anything worse than living with my man and dad and they were quite relaxed when i was at home back when i was 18-19.
 
schnipps said:
Im just staggered that people dont want their own independance putting money aside, i cant think of anything worse than living with my man and dad and they were quite relaxed when i was at home back when i was 18-19.
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This then is the point whereby you learn everyone is different and everyone has different personal circumstances.
 
I pay £120 basic which covers food, any bills come in get split 3 ways between my mum, dad and myself.

Living at home is a small price to pay for having lots of money to hand. its either live at home and have some restrictions or live on my own and not do anything because i cant afford to
 
[TW]Fox;12623351 said:
It was your choice to have them, now you wish to make them pay you?

Nice. Personally I'd just make sure they dont take the **** - have them cook, clean and wash for themselves.
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With you all the way on this; I don't understand how parents make their kids pay to live with them or even expect them to - what is the point of a family otherwise?

I do live with my parents, they don't charge rent at all and never will. However I consider it my duty to help them so I have purchased carpets, white goods and anything necessary for the family. Simply put, we're one unit. If my mum needs some money to get her ISA maxed out before the new tax year, I'll give it to her. Similarly, if I need something (which I don't as I get a good salary thank god), I'd just have to ask.
 
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DB_SamX said:
With you all the way on this; I don't understand how parents make their kids pay to live with them or even expect them to - what is the point of a family otherwise?
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To be honest a lot of the cases FOR charging a token rent made in this thread make sense. It's the LOL I MOVED OUT AT 17 AND GOT A **** FLAT LOLZ ANYONE WHO DOESNT SUX THE BIG ONE thats really rather stupid.

You got a flat, great. I'm glad that worked for you. I hate flats, so I'll move out when I'm ready to buy or rent a proper house with my girlfriend and until then I'll continue to enjoy living at home. I hate the idea of people living above me, people living below me, parking the car on the street and arguing with neighbours about noise. If paying £1k a month for that is a good deal for you then thats fine - it just isnt for me.
 
schnipps said:
I would just rent, why the heck i would want to be living with my parents on over 20k a year is madness, 35k is almost comical. Im just staggered that people dont want their own independance putting money aside, i cant think of anything worse than living with my man and dad and they were quite relaxed when i was at home back when i was 18-19.
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I'm not going to rent because I will be able to afford to buy soon. I can afford to buy somewhere now, but I'm not willing to live in an area where I risk my life setting foot outside the front door. A 1 bedroom flat in my area is about £180k at the moment. Hopefully in a year that will come down a bit and I will buy one.
 
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Holy cow! you guys pay your parents?

My 27 year old brother used to earn about £1,700 per month for 4 years and never used to give my mum a single penny, my mum earns about 800 per month and barely manages to take care of the mortgage/bills.

And now he's going back to uni, he has spent all his money posting designer watches to several whores he's met over the internet, that don't even live in the UK, and porn subscriptions. He has no money at all, and cant get a loan due to bad credit. And now my mum has do go £4000 in debt to pay his uni fees.

Absolutely disgraceful if you ask me.

And the other day, he actually had the balls to tell me to get a job, so I can pay for the broadband. I told him to suck my ****.


Rant over.

:(


Edit: please can i have some sympathy
 
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Feel kind of guilty reading this thread :p

Never had to pay the parents towards bills, currently at uni but live at home and have a part time job. All my expenses I pay for myself obviously, car, insurance, maintenance, fuel, uni fees and loans etc... All of the excess of my money is locked away in an ISA, and the rest goes into a high interest savings account on a regular basis. My parents would freely tell anyone that I'm a lot better with money than they are :p. So it's not like I spend all my spare cash on things I don't need.

My parents probably wouldn't accept the money anyway, as we generally don't struggle too much - nice area, comfortable lifestyle. However we're far from being well off, father pays for all expenses. I think even if I did contribute say £200 a month, it would be a fairly insignificant amount in the grand scheme of things.
 
asim18 said:
My 27 year old brother used to earn about £1,700 per month for 4 years and never used to give my mum a single penny, my mum earns about 800 per month and barely manages to take care of the mortgage/bills.
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Thats disgusting - if your parents ever need help or are struggling you should do everything you can to help financially or otherwise.
 
I think thats the point really, its assisting your parents rather than paying them for a service.

I was amazed how much mine pay for their mortgage and council tax before uni, then I started to realise more about cash to the point when i moved out to the point Im at now that im paying pretty much 75% of what they do on my own for a rented home. The mid 20's is quite a period of realisation, anything to prepare you for that is a good thing.

When I was at Mcdonalds there was ald taking home about £200 a week and paying his parents £150 of that :eek: Thats a bit too far really.

My girlfriends brother was working and paying pittance to live at home, hes quit his job, hes too lazy so only signed weeks after having no job yet in the meantime his parents have had to take on his loan repayments. :rolleyes:
 
I fully expect to be paying money toward running the house if I return after Uni. I see absolutely no reason why I should not.
 
My parents supported me after I moved back from uni for nearly two years. I didn't pay anything while I was earning full time.
That time helped me save for a car and a house. I couldn't have done it without the free living. I'd also like to add that I do feel I did at least my share of the cleaning and gardening, car washing etc.
 
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