How much rent to charge 18 year old?

[TakeALookAtTheseSwatches]

My daughter left college last year and started looking for a job, she started working just after Christmas. She works part time hours and her take home pay per month is around £900. She's putting £50 in to a lifetime ISA and she has no other bills (I currently still pay her phone contract which is about £30 a month)

We provide all her food, she eats tea with us and we have breakfast things/snacks in the house. She doesn't usually eat dinner but will sometimes buy herself a meal deal if she wants something.

So what would be reasonable? I was thinking around £200 a month and I'm happy to put £50 of that in her lifetime ISA too if she wants. She is saving up for a car so isn't spending frivolously. Is £200 too much?

It’s not about the kids having lots of disposable income. It’s about helping them to become home owners. Not renters!

So the parents have to go without? Bearing in mind I'm talking about the young adults paying THEIR OWN COSTS . Not the parents making a profit. Young adult earns 35k for example. Parent is disabled and gets universal credit. Why would the parent being subsidizing someone who has a far higher income

Which they can become by saving hard and financially contributing whilst living at home and not leeching.

I am not going without. I have said it all my posts I understand not everyone can afford to support their children in this way and that I feel lucky to be able to.

Yeah mine will be able to save more and become home owners sooner. I don’t want or need their money. I recognise that is a lucky position for all involved.

In a nutshell.

No but people who say " I would never" don't seem to realize that stuff can change.

Sure, a bit sooner than, say, OP’s child. £200 per month for a couple of years won’t make much of a beneficial difference in terms of a deposit for someone in their 20s buying a property over 25 years. Moreover, I would rather take the small financial hit and financially contribute to the increased bills and not feel an embarrassment, regardless of my parents financial circumstances.

I would feel embarrassed if I asked my children for money personally. I have more than enough money. It’s not an issue for me at all.

Simply put. The parents that help their children when they are first starting out in the world of work and don't automatically jump to seeing their children as pound signs, end up with far more self sufficient children sooner than the ones that do. I can think of so many people that I know personally that can prove this beyond doubt. Charge your children rent if you must, but your children will be in their 30's just managing to scrape by a rent, while the offsprings that have been given a helping hand will have probably saved for a deposit or living in their first bought house. I can't believe I am having to spell this out. It is not rocket science. If you really want to see your children lead independent lives, help them when their young and watch them flourish. Parents that don't are just shooting themselves in the foot!

I’d be asking for £300 a month and would put it in a high interest account to give back to her as part of a deposit for her first home when the time comes

You daughter is not capable of saving herself? Then yes that makes sense I suppose.

Unless money is tight for you I would charge her full market room rent and get her to save it all. This builds up her savings and gets her used to living on a more realistic budget.

@GrethaGreenin an ideal world I’d hope that they would, but I’m not sure if they will at 18. What I’d be hoping if I were the OP, is that they’d be so annoyed to lose such a chunk of their income, they’d up their hours to working FT.

Bit of a sweeping generalisation. I was never charged rent at home and now own my own home outright in the south east at 33...id never charge my children rent if i could afford it, ill give them whatever leg up i can in this disastrous world

My kids informed me that they have no intention of buying a home as they want careers where they can move around a lot.

My son says he knows he’s so lucky that I’ve helped him with things so far but he wants to ge independent & pay his way. He has good role models in us & his grandparents who have come from working class backgrounds to be sucesful.

my daughter feels the same. She wants to pay her own way in life and endure that we have a good life too as we get older.

Well, bully for you! That’s alright then!

I am not going to house my kids for nothing until they buy a house. House prices are artificially propped up by middle class parents subsidising their adult children.

🤪how did you put that argument together?

House prices are driven by what the market can bear. If first time buyers are being heavily subsidised by their parents, they can afford much more so prices go up. If nobody could afford to buy at the bottom of the housing ladder, then the market would fall.

Oh please. This is so far fetched. Go look elsewhere for why young people can’t get on the ladder.

This is madness

Maybe read all my posts before you comments and also let me know at what age your children will own their own homes and how.

I don’t understand why parents charge their children rent?!?!

What's the obsession with owning a home though? Not everyone wants the millstone around their necks from an early age. My DS hasn't even decided what country he wants to live in , and certainly intends to do so e long term travelling on a working holiday visa first.

Both my partners adult offspring live abroad and don't own homes. One has accomodation with the job and the other is in Dubai and the company pay the rent. But seeing as the work contracts last 2 or 3 years it would be a PITA to sell up ans move each time