How much charge him?

[CrackedHeels2]

I'm after some opinions please.

Adult son, age 22, likely to move back home for a while after completing his university course. We (me, husband and son), feel that he should contribute financially. He will be looking for work. Good relationship. Not looking to overcharge, just for him to appreciate the realities of life.

How much would you suggest?

What's included? Food? Utilities? Private space? Cleaning?

How much do you need the money?

I'd look at local room rentals for a guide, then take some off. I'd say (having seen it personally!) it can sometimes create a tricky dynamic, so definitely be super clear what the rent is including and paying for.

Everything is included - food, space, cleaning. We don't need the money, have supported financially through university just all feel that now is the time for him to contribute.

Good idea about looking locally. Thanks.

Charge him near the going rate (whatever that is ...don't know so no help) Then if you don't need the money save half for him ready for when he does leave home. That way he is genuinely contributing but you are helping him prepare for the costs of the real world. From experience (many years ago) they can waste a lot when they first get reasonable money. This way he loses a reasonable amount up front but is saving.

Really sensible advice. Thanks.

Od probably wait until you know his wage. Of you're charging him the going rate and it takes a while to get work, will he build up a debt? If you only charge him once he's in work then he might be better off turning down lower paid jobs in the short term.

Spare room says London is over £1k a month for a room. UK average is £740 Inc London and £650 excluding London.

I wouldn't want to take most of his wage just to make a point.

In that vein, Google suggests 30% of you wage should do on rent.

We charge both our adult DC £100 per month. It's a token amount. It hasn't changed in 3 years. The eldest is on the verge of moving out, and they have managed to save quite a lot of money.

Thanks everyone for your insight. All appreciated.

I used to give my parents 70 a week back in the day! So I would definitely say around 150 a week now, depending on his salary, of course.
My parents were so generous with paying for weddings and a deposit for a house so I'd absolutely save it and put it towards the likes of this.

Dd is paying £100 a month as she is saving to buy a house. Otherwise I'd have charged £300