How much rent to charge a working teenager?

[GNfan]

Curious to know people's thoughts. My teenage daughter, aged 18, has just secured her first job as a (gap year) teaching assistant at a school near our home, and will continue to live with us until she goes to uni in Sept 2023. She will earn £12,000 for that, which to her seems a fortune, and is actually more than I earn for a part time shop job. Dad earns enough for us to not to have to charge her rent/upkeep at all - but that would seem wrong, and not a very good way to teach her about life. Any thoughts on if/how much we should charge her per week?

My DM charged us 1/3 of our income when we lived at home. This was then put into savings to pay towards university or when I moved out. If we can afford it we will do the same but if money is tight then we will put some of the money towards bills etc.

Thank you all so much. That's really helpful, and has given me lots to think about, and discuss. Really appreciate you taking the time to reply.

You okay hun? Surely I’m allowed an opinion without someone going off on me. 🤨

@Northernsoullover meant for you

We didn’t charge ours as we didn’t need to but I know both of mine are big savers so us not charging them has allowed them to build up good amounts of savings for deposits etc . In your position I’d talk to your child about your expectations around her saving money and start getting her to pay for stuff you may have paid until now - phone , special toiletries , car insurance , petrol etc .

I have a expected them to save their meals net on this situation and perhaps cover something mw travel . If I didn't trust them to save them , yes I would have asked for a proportion and saved it for them. I am very aware that we are able to do this for them.

You always see it trotted out on here about taking money off them and saving it for them without them knowing , don’t do this , it teaches them nothing , you are not taking enough off them for it to be an actual budgeting lesson and it’s also not teaching them that if they need / want stuff they need to save . That said budgeting / saving should have been taught way before they hit 18.

Not true.

Mine won't get his back until he moves out. He doesn't know about the money so in the mean time he will need to budget appropriately.

@Pkwq but what is you saving it for him teaching him , why not just set the expectation that he saves that amount

I'm fine thanks 😘 'hun'

I personally wouldn't charge an 18 year old rent to live at home. Different if the household needs the money of course but from your OP it sounds like your motivation is to teach her about life? She's finished school, working her first job and going to university next year, she's going to be learning loads about life.

start getting her to pay for stuff you may have paid until now - phone , special toiletries , car insurance , petrol etc

Agree with this, of course she should be managing all her own expenses for the year while she's working.

Rent for you to take from her? Nothing. Young people are beyond screwed in the UK of today.
What you can do, is have an enforced saving scheme where you require her to put a certain amount towards a deposit on her own house or flat in the future.

It would ‘seem wrong’ not to charge your own child? I think you’ve got that the wrong way around.