Rent/house keeping

[Bushwoolie]

My eldest is just starting work and will bring home approx 1600p/m (take home)

I have always said that once any of the kids are earning, they should pay "keep". This isn't a post asking whether people believe it's right or not. I know it generally divides the masses.

I am just asking those who do charge their adult children, how much do you charge?

He has other outgoings he'll be taking over from me. Car payment/insurance (335) and phone bill (38). I have been paying those the last year (phone longer).
He will be putting 300 into an ISA each month and 200 into a regular savings account to cover any large expenses (if the car breaks down etc).

My aim is to put half of what he pays to one side and gift that to him when he moves out. The remaining will probably just go towards our food shop 😂

Thanks!

A third of their take-home pay.

If you don't need the money, consider gifting some of it back to them on departure.

I charged my daughter £40 a week when she started working
Since shes moved out and owns her own house she now knows the true cost

£60 a week is £260 a calendar month and leaves around £100 a week fun money. Seems fair

£30 a week for a year, but put it away and gave it back when they moved out.

£38 for phone is huge? Check if it’s out of contract and switch to sim only

This has two sides too - when DD started her post qualification career job, her employer told her that whilst they were delighted she wanted to work full time, most of her colleagues find it stressful and do part time! A few years in she's one of only two full time employees on a team of fifteen!

I imagine if board was "A third of take-home pay" there would have been less incentive for DD to work full-time herself!

My daughter is 23 and earns good money. I devided the household expenses between the three of us adults living in the house and charge £90pw. She earns more than me so does need to contribute to household expenses especially as she uses the tumble dryer a lot and leaves lights/tv on and gets dinners cooked ect.

We charged our son one-third of his earnings.
When he earned more, we charged so that it stayed at one-third.
We put the whole lot aside for him to have when he needed a deposit for his house.
Worked for us.

I started my son on a very low amount for the first year to get his finances in hand then increased it slightly. He now pays me £200 every 2 weeks and I buy most of the shopping with that unless he wants treats (yes, I still buy these occasionally too). I think £400 is quite low but I said that will carry on as long as he puts a decent amount into savings & isa each month also.

I have to agree with everyone saying that kids living at home and paying £300 monthly towards expenses are in for a shock.

DC moved out about a year ago, and earns NMW as an apprentice but in the Southeast. They pay rent of £725 pm, plus a share of food and bills. We're still helping out.

I do not understand why parents charge their children who are earning £25k+ so little.

A third of take home salary was the going rate when I was at home.

Nowadays you can split it proportionally for all adults in the household: if the kid earns 15% of the family total income, s/he pays 15% of the bills. Some kids earn more than their part time parents and still only chuck in £50.

They need to learn how much it costs to live. If they don't like it they can find a flat share.

I paid 25% of my wages toy parents when I started work.

It set me up well for the reality of moving out and living costs.
They obviously helped me out when I did move out to buy furniture etc so probably did the same putting some of it away.

I charged mine just £100 pm and I didnt gift it back as it was a token amount towards food while he was saving for a deposit for a flat. He earned in excess of your son’s salary.

This sounds really fair and sensible..

The savings was his idea. I did say that he should just spend his first wage. It what my parents encouraged me to do. Get it out of the system so to speak

My 23 yr old DD earns £34K per year and we charge her £300 per month. She eats most of her meals here and makes herself a packed lunch so eats a lot of the food. We are thinking of putting it up to £1,200 per month as an incentive to move out 🤣

I think this is the fairest way to do it without shortchanging yourself or them

I was charged 25% of my take home, so because I worked retail and was only contracted 16 hours a week but could sometimes do 30+ or as little as 16 h/pw my Mum kept it flexible. This was it was always relative to what I learnt but it was still a contribution. I didn't have to pay anything whilst I was a student though.

We take all bills except the mortgage and food bill and split it between the 4 of us. They will eat out mostly or will buy a few bits that they want plus their own speciality toiletries. Only works out at £60 a month but they're a nightmare for leaving lights on, chargers plugged in, doors wide open, long hot showers etc so it makes them more aware.

My DS earns similar, we ask for £50pw board. He also just got a car at £400pm and pays his phone bill £75ish.

Its getting a good balance though saving is great and if it's a lifetime isa the government will pay in 1k per year if you pay in 4k so 5k a year is pretty good going for his age.
There's so much to do and enjoy before you get your own place and the bills set in, kids of your own etc. Enjoy your youth for a while go out, go on holiday see the world cause once you have a house and kids you'll never have a spare penny.

I like this, I’ll do this when mine are older

I would personally gorgeous the 50/30/20 rule
50% essentials so rent /travel/car/ins /phone etc then your teaching then the realities of living outside your home
30% wants going out/discretionary spen
20% savings -so setting up savings for future home /car repairs etc
I would sit down and support budgeting and explain why so much is needed for essentials and how much will be coming to you and what you intend that money to cover.
So take home £1600pm
£320 savings
£480 discretionary
They could swap these two around if they felt £480 on discretionary is too much when you provide all food etc at home
£800 bills etc I mean realistically probably these days the split is more 70/20/10 ! Not going to lie but this is a good start. So of the £800 how much do the need for transport/car inc ins if car and fuel then how much for phone there's then is rent which will cover things such as
Food /gas /elec/ water/ WiFi /tv /council tax and yes those possibly won't have changed since they were not working and living at home apart from possibly food and council tax if you were single but if they have days working at home that you wouldnt then that increases cost but also gets them understanding those bills are necessary.
Then say of the amount you give me i will be using to cover £xxx on food the rest i am placing into a separate account for you for your future.
Be open and honest about the cost of living and how much things costs get them involved in understanding the household expense so they are prepared for when they do leave home

I would personally gorgeous the 50/30/20 rule
50% essentials so rent /travel/car/ins /phone etc then your teaching then the realities of living outside your home
30% wants going out/discretionary spen
20% savings -so setting up savings for future home /car repairs etc
I would sit down and support budgeting and explain why so much is needed for essentials and how much will be coming to you and what you intend that money to cover.
So take home £1600pm
£320 savings
£480 discretionary
They could swap these two around if they felt £480 on discretionary is too much when you provide all food etc at home
£800 bills etc I mean realistically probably these days the split is more 70/20/10 ! Not going to lie but this is a good start. So of the £800 how much do the need for transport/car inc ins if car and fuel then how much for phone there's then is rent which will cover things such as
Food /gas /elec/ water/ WiFi /tv /council tax and yes those possibly won't have changed since they were not working and living at home apart from possibly food and council tax if you were single but if they have days working at home that you wouldnt then that increases cost but also gets them understanding those bills are necessary.
Then say of the amount you give me i will be using to cover £xxx on food the rest i am placing into a separate account for you for your future.
Be open and honest about the cost of living and how much things costs get them involved in understanding the household expense so they are prepared for when they do leave home

I need to do this with my son, he has finished a levels & will go travelling next year. His current job is variable hours, not sure if to say £100 a month now until you get back from travelling & then a set amount. Im not comfortable with asking for a % as i would have to ask what he has earnt.