2006-11-08 01:07:20 · 33 answers · asked by debrett 1 in Business & Finance ➔ Personal Finance
I still will buy food and do his washing and ironing as usual I dont mind.
2006-11-08 01:12:24 · update #1
Myself and my brother never paid any money to our parents but we certainly helped alot more around the house as we got older. Washed cars, mowed the lawn, kept the house tidy, made meals for the rest of the family. We have both also gone on to full time jobs which pay well, both own our own homes and are debt free other than our mortgages. I think there are a number of factors that contribute towards your children understanding how to pay their own way. I will not ask my children for keep unless they are still living at home after 30.
These days I would prefer their money went into saves so they can afford their own home.
2006-11-08 01:17:50 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Nothing! For the first year.
Instead match his 180 with an extra 50/week of your own.
This way, he gets to live like a king for 1 year, but remind him to save for a rainy day.
Then at a distant point in time (e.g. 7 months), ask him for a contibution of 1000, one off.
If he does not contibute, make it look like a big opportunity is lost.
This will teach him more about life than a cheap rent where all is inclusive and he has loads of money to munch at each week.
It is closer to what he will face in life in the future.
2006-11-09 00:55:52 · answer #2 · answered by vick moranis 2 · 0⤊ 0⤋
Hi!
We give our kids the first week free just to let them enjoy the first flush of having some cash in their pockets!
We then take a third of what they earn.
We advise them to save a third.
They then use a third for their daily expenses, going out etc.
Of the third they give to us for 'keep', half of this is used for housekeeping, and the other half we save for them. They've no idea of course, but this gives them a good way to budget their money from the start, so that they don't get into the habit like we did of having too much month left at the end of our money!
Then, when they are in need for a deposit for something, we can tell them the good news and write them a cheque!
Hope this helps!!
2006-11-08 01:21:42 · answer #3 · answered by Moofie's Mom 6 · 2⤊ 0⤋
charge him £10 a night which is £70 a week (about what his weekly rent will be before paying for bills when he does get his own place), BUT put most of it in a savings account for HIM and dont tell him! - this will give him a nest egg to pay for things like a deposit and furniture when he does deciede to move out as well as meaning that you don't need to provide those thingss out of your cash because he has saved it without knowing it!, if you can encourage him to save at least £10 a week as well it will help him to get used to putting cash away to save for future purchases or emergencies and still leaves him with £100 a week to spend on whatever he wants about £14 a day
2006-11-08 01:27:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Both my Daughters pay £20 a week each. Al thou 1 works for the NHS and the other in a Sports Shop.
2006-11-08 01:12:47 · answer #5 · answered by mistress_cat_in_boots 2 · 0⤊ 0⤋
£40 per week. He needs to get used to paying a regular amount of money out per week/month and learn the value of money. He'd be paying an awful lot more if he was renting somewhere. He's lucky he's still got the opportunity to start saving every month.
2006-11-08 01:11:44 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Charge the food cost and get him to save the rest so he can get his own place. If you charge too much you may stop him from moving out or getting married in the future. Don't do his washing and ironing. If you do when he leaves he we either get his girlfriend to do it or be inept. Teach him and prepare him now.
2006-11-08 01:19:02 · answer #7 · answered by SR13 6 · 1⤊ 0⤋
It really depends on what your financial status is. I assume he will still be living as he always has with you (i.e. food, upkeep, laundry, clenaing etc) and also what expenses will he have, does he have a car (upkeep etc). I think around 20% would be quite acceptable. I am sure that this would not break his bank, or will it save you, but quite rightly, he must learn to pay his way. Life is very hard outside!!!!
2006-11-08 01:13:02 · answer #8 · answered by London Girl 5 · 1⤊ 0⤋
He should be paying around 30% of his income for rent so about £50 plus a contribution towards bills and groceries
2006-11-08 01:12:56 · answer #9 · answered by mesun1408 6 · 1⤊ 0⤋
He should give you a quarter of his wage for his board and save a quarter towards his first mortgage, that would leave him £90 per week which as its his first job will feel to him like thousands of £'s!
And he should be very grateful at that!
2006-11-08 01:17:44 · answer #10 · answered by PaulineB 2 · 1⤊ 0⤋