To think no adult kids would agree to pay this!

[Cruelstepmother]

Just found this 'how much rent could you charge your kids' calculator! www.comparethemarket.com/home-insurance/content/pa-rental/ - they suggested my cuckoo-back-in-the-nest stepson should be paying us £593.80 a month. What are your views?

The gas and electric figure is significantly higher than my direct debit, and I live in a part of the country where those costs are higher than London (because of distribution charges included).

If mine were at home I'd make them aware of the figures but only charge the 'rent' element. They can afford it though, for younger ones maybe just food and bills?

I used to save some of DS contribution in a building society account for him.

£515 here, the rent portion of which is £342.
We have a two bed house that we rent out in the same area we live, the rent for the house is £350, so I think they're having a laugh with their numbers.

hollow lol

average wage means nothing - doesn't mean everyone earns anywhere near it!

min wage for a FT (40hr week) job is £17,076.80

Out of curiosity, did my parents postcode I moved out of many moons ago. £563.76, of which £355 is rent. Bit rich considering they only pay £425 rent!

I'm all for functioning adult kids contributing fairly if they need to live at home, but that's ridiculous, the calculations are way off.

This is rubbish. I live in a northern colliery village and it says I could charge my son £515 per month.
We currently pay
£300 rent
£40ish on gas and electric
£160 a month on food.
He'd be paying 4 of our bills and we'd have change to spare

That’s not how much you could charge them, that’s how much it would cost them to live alone. Which they aren’t doing.

Putting in my parents address, it says over 680. Rent is apparently 500 with utilities at 101. Locally a room in a shared flat is going for around 400 including bills.

Whoever made up that calculator needs to go and do some proper research.

Surely the whole point of staying with parents is to save up not to pay what close to what you would for a house share.

£643 a month here. I know it's not popular on MN but I think that's fair really. About £150 a week all in. It's about 30% of what living alone would cost them and if they are adults and earning then they should be paying. If they are not earning for whatever reason then that's a different matter. But I still think that's a bargain!

These prices are ludicrous. You can rent a whole house for about £600 on my street never mind a room.

I found it quite accurate and only £4.57 off what DS1 was giving me until recently (change of circumstances). However, with more than 1 child it would be a bit CF territory. I would never charge my kids rent to live with me, especially DS1 as he has ASD and needs support but I need a contribution to costs.

Shodan: are you my next door neighbour? Mine says exactly the same as yours (£730.80)

Same here.

I have emailed this to DS

£620.80 per month. He doesn't even earn that much, though he does need to get a full time job. I've just tried demanding it but he laughed at me. The gas and electric are more than I pay a month anyway!

He mostly buys his own lunch and the occasional dinner anyway.

I based my calculations on a 1 bed/studio flat + bills. An ensuite in a shared house would be about £650/700 round here and no food included. So slightly cheaper than living alone.

I used to pay my mum 70% of my wage - I did always think it was very harsh, I had little left after my bus fare, but I had nowhere else to go. Maybe she was on to something!

It suggested £790 for my address!! I only get £1,200 a month 😂😂 luckily I don't live with mum!

I don't charge my adult DC anything. They are saving for a house deposit.
The calculation is rubbish. Mine comes out as £450 of which £270 is "rent". I don't pay rent or mortgage so that would be just profit.
The fuel costs add up to more than I pay for the whole (large 4 bedroomed) house.
Essentially it's suggesting parents make a profit out of their children.

So many people on MN baby their DC by taking rent and "giving it back when they leave". Why not treat them like adults and teach them financial awareness and management. Get them to invest it and set them on a path of saving rather than spending everything.

I plan to air BnB the kids rooms when they are old enough to move out so if they stay and pay nothing that will be my income gone. It was always part of our plan to use the house as our retirement fund - that's why we bought it.

Going against the grain here but I do think NT kids should be making serious plans to be independent not having f/t jobs and still living off their parents. If they have a specific goal like saving for a deposit fine. But it's not on for them to be frittering and taking advantage. It's not good for them.

I’m calling bollocks on this one. Put in both towns I live in and it says Blackpool would cost more than a nearby major city! Nope no way going on house values.

Mine is 700 that's more than the mortgage a month lol

Maybe Blackpool would be more popular as a BnB holiday type destination? Maybe they take into consideration holiday type rentals too. Round here it's about £80-100 a night for a room.

Going against the grain here but I do think NT kids should be making serious plans to be independent not having f/t jobs and still living off their parents.

Adult children who are sill living with their parents aren't doing it out of malice or sponging, they're doing so because they can't afford to move out.

And if you want your adult children to live with you forever, just use this calculator! They'll be paying you 80%+ of their take-home pay and will never be able to save enough to even put down the deposit on a rented flat! You can look the other way as they pay off your mortgage, then you can blame their predicament on buying avocado toast.

How much did you give when you were earning 800 sweetpea2811.
My daughter only earns about that, and I should be charging her 656.80 apparently. I somehow don't think she will be too happy with the 456 increase I will be charging her from today

£585 of which £110 is gas and electricity. Our total energy bill for the house is £71 pm so I think this site is just a away of ripping off our own children?