If your adult DC live at home, how much do they contribute financially?

[DanielleandBobby]

I live with my adult DS. I'm finding it tough to make ends meet like so many people, but I really want to encourage DS to save so that at some point he can move out! He's nearly 22 for context. He's only recently got a better paid job and earns roughly £1800 after tax. Currently he contributes £250 pcm towards our household expenses. He pays for his own transport, clothes, (quite expensive) hobbies, etc.

I work part-time for health/sanity reasons and am roughly £700-£800 short every month. This is coming out of the equity from the sale of my and my ex's house.

If you're in my situation with adult DC at home is what I charge him reasonable, too much, or not nearly enough? I'd be really interested to hear what others do. Even if I were wealthy enough and didn't need the money I would still want him to contribute by the way!

Thank you. I really appreciate this. I'm not mad about the amount of student debt either (another thread)

I don't charge mine anything. They have the rest of their lives to pay bills. They pay for their own costs..cars,mobiles clothes,toiletries etc. Hopefully they save what's left while they have the chance.

My dd is 19yo and working full time, I'm not asking for rent at the moment as she's saving for travelling and uni. If she was bad with money it would be different but as it is she's very good, works hard and saves hard.

That said she pays for her car and picks up groceries if needed. She also doesn't cost me anything, buys her own clothes, toiletries etc.

If I needed the money it would be different but as it is I can afford not to charge her rent.

My DS paid a third of his salary. DD will do the same. She asked if we could save that for her ! I think she could afford to save a third and spend a third. Teaches budgeting and life skills. We are less concerned about saving for a mortgage as they will get some of the equity when we downsize to buy if they choose to buy. OP o think your situation means a nominal amount isn't working for you. I would downsize immediately and if your sone ants to come share the mortgage which could also result in a longer mortgage term - lessening your outgoings and increasing his but at least he has a stake in a property. At 62 this isn't what you imagined you'd be doing but you have to secure your future. Renting at that level isn't sustainable. Can you claim any benefits - I'm guessing there's a reason why you aren't working more hours to bump the salary up.