How much rent should I charge?

[reetas]

Yes another how much rent should I charge my son!

Trying to keep it simple here by not going into all the issues we are having etc so....

How much should we charge for a double size room, all bills and food cooked, washing done the lot?

How much does he earn?

I charge mine 10% of their earnings
I would cap it at £100 a month though

Much meaner than a PP but I'd charge 1/3rd of earnings or £400 pcm whatever is less. I'd probably put a fair whack aside as a deposit for a house of their own if affordable.

Absolutely nothing!!!

For goodness sake he's your son not some randomer you got through an ad in the paper. It's his home too!!!! Jeeesh!!

Depends. Is he 13 with a paper round or 27 with his own business?

£100 per month.

My ds gives me 400 pm. He earns about 33k a year and would happily give more but he is saving to buy his own place. I cook dinner most nights and include him, if he fancies a takeaway or whatever he buys his own.

How old is he? Do you need the money? Are you going to save it on his behalf?

Yes it's their home too but at 18+ they can bloody well help pay for it.

OP don't call it rent - its an adult contribution to the running of the home.

Your child should be cooking and doing their own washing plus chores.

Mine contributes £250 a month.

He's 18 and wants to go to uni, pay £144 a week rent there. We are trying to prove a point really that at the moment he cannot afford to go. We are advising him to delay uni to earn enough money to go. The rent we charge would be put away for him but I wouldn't tell him that. He's being very immature about it all and doesn't understand or really mind the debt he will be in.

£144 then so he can see the realities of payjng that.

A lot of people go to university at 18 and get into debt to do so. It's not necessarily immature at all. Saving up enough to pay in advance of going is really not necessarily a sensible choice at all.

Going to uni and paying rent there is a totally different situation than working and earning and paying 'keep'.

I would think it is almost impossible for most students to do three years at university without getting into debt unless they have mega rich parents. The problem with putting uni off is that if it's going to be a financial struggle, many don't end up going at all if they defer. They end up getting used to the money and don't go. Our dgs (in year 12) was shocked when he realized he'd have to pay tuition as well as accommodation. It is a worry for parents and students. Dgs's parents are taking the view that sooner is bettee as easier to be a poor student if you haven't got used to more money. They are trying to encourage him to go to a local uni to keep costs down. He has a part time job. The plan ...as far as they have a plan .. is to keep him for free and for him to use the part time job money for travel expenses and pocket money. He will take the loan for tuition fees. Think he will be in the same boat as most others with that level of tuition. Sorry not what you were asking. I'm rambling. Just good for thoughts. 😀

With that level of debt ...not tuition 😁

Food for thought. Sorry for typos 😀

3 to 4 hundred a month if not more than a quarter of take home . If you choose to put a bit away to help him later that's nice but houses cost me to run and he is a working adult. I don't believe in babying adult offspring.

We are expected to contribute towards him living and studying at uni. Without our financial help he can't afford to go and with the increase in the cost of living we can't afford that.

"It's his home too" yes, and people pay bills in their own homes. My house isn't free to run, I pay for the privilege of living in it, and so will working adult children.

Once they had graduated and were earning reasonable money, I charged dds roughly half of what they’d have had to pay for a reasonable flatshare locally - rent only, no bills.

I honestly don’t think it does them any favours to let them live rent free, or pay just a pittance. It’ll come as that more of a shock when they do eventually move out and find out what ‘the cost of living’ actually means.

If you don’t need the money you can always save it for them.

Right so you're charging him rent at home to try and dissuade him from going to university?
Won't he qualify for a student loan?
Can't he work alongside uni to pay for it ?

So because you cant contribute to him going to uni hes being immature.

Okaaaayyyyyyy

If he's working, surely you don't charge him anything as long as he saves to make up the shortfall for when he's there.

You are being harsh here, no wonder he isn't happy. It's not like he's an adult with a full time income.

Poor boy. Must have done well at school to get to uni. Now mum doesn't want him to go to uni as they need to contribute.

You're jumping to conclusions there