I don’t agree with charging rent and then saving it. That isn’t going to teach good money management
Surely as long as they don’t know you are saving it it makes no difference?
DS is a long way off being an adult but I think as long as we didn’t need him to contribute, I’d take a small contribution and save it without him knowing. Then I’d tell him that he was living cheaply on the basis that he saved for his future AND remained aware that he had to live by house rules and if he didn’t like it then he was welcome to live elsewhere, pay for it, and live by whichever rules he liked.
FWIW after uni I had to pay £100 a month once I had my first ‘proper’ job. I did summer and Xmas part time temping in shops etc but only had to pay once I had a full time job.
Had to help cook, clean, do my own laundry from a teenager and had a part time/Saturday job from the day after my last GCSE exam until I left uni and found my ‘proper’ job the following April.
We never got anything back from parents when we moved out but I think what they did was a good balance of supporting us through education, finding the best employment we could. Teaching us we had to contribute to the household in both monetary and chores. Also allowing us the opportunity to save.
All 3 of us stayed at home until mid-late twenties and saved to buy our own homes. I think we are very fortunate and amongst my peer group (7 couples) are only one of two that have been able to do so through living at home.
I’d rather help out my child at any age with a view to the most favourable outcome (financial stability) if I am able to do so, than strive to teach them the word is shit and bloody expensive and if they start out renting at a young age then they will most likely be playing catch up for the rest of their lives.