Son got first job, fair rate for board

To be completely fair even if my parents hadn't charged me rent I'd have given them money as they must have spent a hell of a lot raising me.
 
It's good practice to charge frankly, this way life won't come as a shock.

Moving on in the world is hard these days and getting harder. I'd say maybe £200, but put every penny of that you can afford to aside for a deposit for a place.

Don't tell him either, if he want's to save some himself then all the better. Of course, poor lad's just got his first job on very little money so make sure he's not particularly going without or missing out on those life experiences he might not get again!!

Just my thoughts.....
 
charge £200 per month and stick in it a savings account, when he wants to move out he's got some nice surprise savings for his deposit or whatever
 
Glaucus said:
Agreed, it teaches nothing as it's such a small amount, it doesn't need managing, and I don't get why you wouldn't want to help your kid out as much as possible, that baffles me.
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that's kinda right :) I would have loved for my parents to allow me to live with them for a couple of years and save up for deposit.. but they made me bend over so much that I had no other choice but to leave! I still manage to save a little bit every month but it will take me 5-7 years to even think about buying a flat unless I get a crazy payrise.. did it teach me anything?

not really.. I Was taking care of my self already, food, washing, paid bills etc.. not a penny was asked from them.

hardly talk with them these days, a call a week if that and a visit once every two months! it kinda felt like a massive kick in the balls

-; hey mum I just got a job! finally starting to earn something..

-; oh good son, bend over and start paying everything you have, at the end of the day I did raise you and it did cost me a lot so you kinda owe me.. :confused:

I won't do this to my kids but this depends on the kid I'd say... if he needs to learn how to manage, be responsible etc then yes I'd charge him rent and put into a saving account for him - this way it'll teach him how to manage money and at the same time help him out when time comes to move out.
 
Dimple said:
My daughters are 27 & 25 and never paid a penny.
I made the choice to have them.
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And this is exactly why you should be charging your kids to stay with you. You'll never get rid of them otherwise.

One of my friends didn't move out until he was in his 30's and met his current wife. His sister is late 30's / early 40's and she is still with mummy and daddy. Having move 2 previous husbands into mummies house too.

Don't charge rent, have kids with you forever. Not for me. Not good for my sanity, or their lives either.

It doesn't have to be a lesson in money management. And you can give them all the money back when they go for a house, or further education or whatever. But a means to getting them out your house, and standing on their own two feet, and having some self-respect.
 
grudas said:
that's kinda right :) I would have loved for my parents to allow me to live with them for a couple of years and save up for deposit.. but they made me bend over so much that I had no other choice but to leave! I still manage to save a little bit every month but it will take me 5-7 years to even think about buying a flat unless I get a crazy payrise.. did it teach me anything?

not really.. I Was taking care of my self already, food, washing, paid bills etc.. not a penny was asked from them.

hardly talk with them these days, a call a week if that and a visit once every two months! it kinda felt like a massive kick in the balls

-; hey mum I just got a job! finally starting to earn something..

-; oh good son, bend over and start paying everything you have, at the end of the day I did raise you and it did cost me a lot so you kinda owe me.. :confused:

I won't do this to my kids but this depends on the kid I'd say... if he needs to learn how to manage, be responsible etc then yes I'd charge him rent and put into a saving account for him - this way it'll teach him how to manage money and at the same time help him out when time comes to move out.
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On the other hand, you moved out, gained your own independence, and where you are today because of it.

Might have felt like a kick in the balls at the time, but you have your own independence now. As do they.

Did they actually say that "you owe them"? Perhaps their plan was also to bank £400+ a month for your first house deposit. And did you not end up paying about the same to go it alone anyway?
 
Glaucus said:
Lol. Not charging does not mean kids will stay with you for life.
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Why would they move? Dimples has a 25 & 27 year old with him. As I said, my mates sister, somewhere around 40 still lives with hers. That's too ****ing old, unless you've been left in debt by a spouse, or have gone bankrupt or something and need to move back. At least then you have tried.
 
I'm paying £200 pm, I'm not usually at home and don't eat much. Parents are trying to pay off their mortgage sooner as it's in the last couple of years, so I'm just helping them out with that and making it a bit more comfortable for them.
 
Why would you stay. Living with parents is great. Parents charged me zero. I came back from uni, spent 6months paying some debt off and saved some money for rent deposit and moved out.

The fact you think kids won't move out is insane. That's a small portion. And happens anyway. Usually your mumy boys. Mate was being charged and only moved out when he got his gf pregnant. Otherwise I have no doubt he would still be there.
 
xs2man said:
On the other hand, you moved out, gained your own independence, and where you are today because of it.

Might have felt like a kick in the balls at the time, but you have your own independence now. As do they.

Did they actually say that "you owe them"? Perhaps their plan was also to bank £400+ a month for your first house deposit. And did you not end up paying about the same to go it alone anyway?
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they didn't want me to move out :) they wanted me to pay up! guess the reason they did it is because they thought I couldn't find a way to man up and move out.

yup that was the line that came out of my mums mouth - literally made my mind up after than and just went "ok, it's time to leave"

I could be in a better position if I had help from my parents but I never did so I kinda knew this will happen as soon as I get to a point where I can afford to live on my own!

it is nice living on my own, with my own rules etc but thinking longer ahead this will make it harder for me to buy my own flat and be able to afford more things!

I guess it's up to the parent to decide if they want to help their kid in the long term or not :) I'm not angry at them for acting that way but in an ideal world, helping your kid to save up for deposit is a better idea IMO.

Dimple said:
I don't get that attitude of some parents.
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it's a strange thing to say.. think I'll send my cat to work ;) about time she paid up for all those treats! :D
 
Well if you are in work and you are earning money why the hell should you live at your parents house for free? I started full time work at 18 and I asked my parents what I should pay to live in their house. They decided I dould pay £100 out of £1000 salary every month. My parents are well off but it started me learning the value of money and actually what things cost.
 
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I like what my girlfriend parents did for her. They charged her £175 a month as soon as she started working. They worked out what a third of the water, electricity etc bills were and kept this part. The rest went into a savings account for her and paid for her new car.
 
I always paid 25%. Parents split up earned a fair bit more than my mother from 22 or so and did help her a lot having the extra income.

Only bad thing is moved out 2 years ago and she is struggling but much harder now for me to help (especially when she does silly things like finance a fancy car and holidays to Australia etc, makes me think why should i give up my hard earned dosh)
 
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Mrs Seabiscuit said:
Well if you are in work and you are earning money why the hell should you live at your parents house for free? I started full time work at 18 and I asked my parents what I should pay to live in their house. They decided I dould pay £100 out of £1000 salary every month. My parents are well off but it started me learning the value of money and actually what things cost.
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Agreed. Allowing kids to freeload doesn't teach 'em anything.
 
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