To people with grown up kids, do you suddenly have more money once tour children are grown up ?

[LardLizard]

What’s it like ?

When they moved out yes. No longer feeding, reduction in bills, no extra san pro, clothes, makeup, toiletries etc.

Yes, I still treat them (as they do me). But it's not a weekly expense like when they lived at home. When they moved out, they already had savings and did things like furnished house shares so they could carry on saving, and of course, taking their furniture and stuff they'd bought when still living here. I did give them some cash towards some stuff but not expected.

Occasionally they borrow from each other and me when been between jobs and one was on statutory sick so we all helped her and told her to not pay us back.

For me bringing them up it was important that they knew to not be financially dependant on anyone, to live within their means and plan for the future. Financial mistakes (blowing a whole month wage in a week etc) was all done when they still lived here so had a bit of security.

I even did the whole saving their rent money. Backfired as they spent it on me when I wouldn't take it back as the money was always meant to cover their costs.

Having 3 go through university over 9 years with 3 years with 2 at uni on minimum maintenance loan I sincerely hope we will feel better off when they all finish!

TinklyLittleLaugh

Not in London but in the South East. No London weighting but high rent (and that is for a studio flat). Could move closer to work and cur down on petrol costs but lack of smaller rental properties means they would have to rent a bigger and therefore more expensive property.

weet or he could house share. Maybe with some other nqts. I know at my school we often have nqts who share a house so the rent and other bills are more affordable.
When I was an nqt I was a single parent getting no financial support from anyone else (no maintenance either). I managed, although childcare was a tough one as I earned just too much to be eligible for any tax credits or any help at all.

My eldest is at uni now and this is probably the most expensive she's ever been. Topping up her maintenance loan is costing quite a lot, but at least she's not eating here so the food bill has gone down. I'm really hoping she'll be financially independent once she's finished uni, with a job and a flat/house share til she can afford a place of her own.

Have the student loans gone down? My parents did not need to fund any of my university fees or living costs. This was all covered by the loan, which covered my rent, bills and food costs. I also worked 12-16 hours per week in a shop which gave me an extra £400 or so a month.

I would be expecting my DS to do the same unless there were extenuating circumstances.

Not in London but in the South East. No London weighting but high rent (and that is for a studio flat). Could move closer to work and cur down on petrol costs but lack of smaller rental properties means they would have to rent a bigger and therefore more expensive property.

So he can't afford to live in his own flat in that area then. He needs to work out how he can afford to live. Probably a share, which is fine and what mine all did until they built up enough of an income to move on.

Student loans are means tested for the maintenance part. So my DD gets all of the fees part of the loan, as can anybody, but she doesn't get the full maintenance loan. That's because they've taken my and dh's income into account. In order for her to have the same amount as if she got the maximum loan we are paying £4500 a year. That's not us choosing to pay that so she can have a luxurious life, that's what we are expected to contribute to bring her up to the maximum loan. Funnily enough, they take household income so DH pays even though DD is not his biological child, and her biological father is not expected to contribute a single penny (not that he would add he hasn't ever given her a penny in maintenance either)

MeOldChina They are means tested so those whose parents are on high income get less. If the parents income is below about £25K the student will get £8700 (more in London) which is enough to live on in most places.
Parents earning above £25K are expected to top up the loan.

So he can't afford to live in his own flat in that area then. He needs to work out how he can afford to live. Probably a share, which is fine and what mine all did until they built up enough of an income to move on.

Yes. Not that easy though actually. He's in a university city. Loads of shared houses/HMO but they are aimed at the students rather than working people. He's hardly in a flat of his own - he has a bedroom/shower and toilet and a kitchenette. We will support him for as long as necessary.