Helping kids financially after uni

[Notabigfan]

After a bit of perspective here. Please don't read too much into my username, it's not necessarily reflective of how I feel about this

Did you help your kids financially after they left uni?

So, for instance: your DC finishes uni in June, and they have a grad job in London starting in September. You live in, say, Manchester, so living at home and commuting to London not an option. They work min wage full time over the summer, which still isn't enough for a deposit, rent and bills for the first month. They need to move to London for this job, and will be fine after that first month.

Every family is different, and there are many different ways to go after uni. But is it generally the done thing to set your DC up after uni, or should they be expecting to go it alone and make plans accordingly?

The rich help their kids, that’s how families stay rich. My friend is in his 40s and still receives 10k a year from his Dad, a retired businessman who owned his own business. I would help my kids too if I could.

are you looking for a flat share?

I cannot imagine not helping my DC unless I really was not in the financial position to do so.
Since graduating a few years ago I have had this issue with my eldest son who works as a language assistant abroad. Summer term ends quite early for him and whilst he does some other work over the Summer, he never has enough money to pay rent / deposit come October when the new term starts.
Today he starts a new job in Barcelona and I have already had requests for financial help.
I do not earn a great deal myself, but have some savings which I can dip in to.
After this year I know I will have to make it clear that he manages financially himself and budgets to cover his own costs to cover the whole year. This new job outside of teaching will go well fingers crossed and he can support himself financially.

op you need to communicate with your parents.

I think if you can you should.

It's difficult for some people to imagine just how little you get for the high sums required living in London.

My parents only advice was to stay out of the south east of England because costs are so high, so I knew what I was getting myself into and wanted to be there anyway.

Is there anyone else who could help? Some employers will provide advance on your salary which might see you through.

Good luck.

My DD is doing similar but has worked over the last year and has enough saved plus a 0% credit card to cover deposit and first rent plus a month JB advance. We offered to pay deposit (£1k) but she wanted to be independent. She should be ok after the first few months and it is totally her choice to move to a very expensive location.