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Board & Lodging - how much would you charge?

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Old 02 February 2008, 08:37 AM
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David Lock
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Question Board & Lodging - how much would you charge?

OK so we have our two kids (sorry young adults) 21 and 20 still living at home with us.

Both are now working so I think they should contribute financially. But what is the going rate? Do you have kids that make a contribution or perhaps you still live at home and pay something to mum?

I was thinking £100 per month - does that sound reasonable? I am not planning to recoup actual costs btw. Thanks, dl
Old 02 February 2008, 08:41 AM
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abbott
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my kids are 3 and 2 and i want to charge them £40 a week each , but im told i cant force them into employment !!!


100 squid a month doesnt sound unreasonable at all !
Old 02 February 2008, 08:45 AM
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David Lock
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Originally Posted by abbott

my kids are 3 and 2 and i want to charge them £40 a week each , but im told i cant force them into employment !!!



Best leave it a couple of years at least!
Old 02 February 2008, 08:47 AM
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£100 a month is cheap,and it should be backdated to when they were 16.
Old 02 February 2008, 08:58 AM
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CooperS
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£100 is cheap as! they should be happy with that
Old 02 February 2008, 09:21 AM
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Simon C
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When I was 18 and working, my parents charged me £45 a week.

At the time I thought she was being a bitch, now 13 years later I realise how cushy I had it!!!


Oh and I had to do my own washing!!!
Old 02 February 2008, 09:35 AM
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PaulC72
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David, £100 a month is fair but it should be rated against what they actually earn as if one only gets a low wage then £100 is probably too much however I would tend not to make it any more if it was me.
I imagine you are trying to give them a taster of life.
Old 02 February 2008, 09:54 AM
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David, sit down and work out how much they actually cost then present them with the figures before asking them for £100 a month each. That should offset any grumbling that they may be thinking of doing
Old 02 February 2008, 10:37 AM
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David Lock
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Thanks guys and moderator

Some good thoughts there. I'd wondered about the salary differential and might make an adjustment.

I guess I could work out actual costs but would find all that a bit depressing. My daughter flat shared at uni so has some inkling of real life. My son is too laid back for his own good

PS. Daughter just phoned from a friend's house saying she had lost her purse and all cards etc in a nightclub last night "But I expect they'll find it dad" Yeah right..........
Old 02 February 2008, 10:41 AM
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Originally Posted by David Lock
OK so we have our two kids (sorry young adults) 21 and 20 still living at home with us.

Both are now working so I think they should contribute financially. But what is the going rate? Do you have kids that make a contribution or perhaps you still live at home and pay something to mum?

I was thinking £100 per month - does that sound reasonable? I am not planning to recoup actual costs btw. Thanks, dl

If you don't need the money don't charge them. They're young, let them enjoy spending money on clothes, cars, and going out. You were young once too.

Maybe consider getting them to open up a regular savings account so they can put money in each month, to allow them to save up for a deposit for there own property.

They didn't ask to be born.


















That's the line I used.
Old 02 February 2008, 10:43 AM
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when i was 21-22 living a home i was earning 360 a week take home and i was charged £80 a week by my parents !!
Old 02 February 2008, 10:43 AM
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Mum charged me £25 a week and I got all my dinners made for me, cleaning, cooking etc. Had it cushy. What she did though, that I didnt realise, was she saved it all for a couple of years then when I bought my own place she gave me a lump sum of cash towards helping me buy furniture etc. Was chuffed to bits with that.
Old 02 February 2008, 10:48 AM
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Originally Posted by stilover
If you don't need the money don't charge them. They're young, let them enjoy spending money on clothes, cars, and going out. You were young once too.

Maybe consider getting them to open up a regular savings account so they can put money in each month, to allow them to save up for a deposit for there own property.

They didn't ask to be born.


That's the line I used.

Fair point but money would actually be quite helpful right now. I think also they have had a good run so far and a contribution would provide an element of discipline.

I was never young
Old 02 February 2008, 10:55 AM
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Charge them £200 a month and put £100 a month aside for them without telling them. That way when they come to get their own place in a year or two and have f-all money as they spent it on booze and cars you can give them back circa £1500-2000k to buy furniture and stuff for their own place

Also, £200 will better acclimatise them to paying rental/mortgage (still be miles short but at least it's double £100)
Old 02 February 2008, 11:11 AM
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I give my grandad £120mth pocket money, because his pension from the Govmt one won't allow him to even get to his meetings, or see his friends. I also pay the Phone/broadband bills and the electric.
Mother pays all food/paper and other bills.
I have also replaced all the windows/bathroom and am currently saving for the new Kitchen.
I am also paying off all the debts my sister left behind when she died from Enchephilitus. (probably spelt wrong) 3 years ago.
Welcome to the life of someone whose father walked out when he was 4.

I only earn about 25k, running my own transport buisness.
Old 02 February 2008, 11:22 AM
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£100 a month! That's very reasonable, infact have you got room at your house for another one?!
Old 02 February 2008, 12:26 PM
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I paid 10% of gross income. Even that is cheap IMHO, it needs to be enough to acclimatise them to reality.
Old 02 February 2008, 12:28 PM
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Does the student loan need taking into account ?
Old 02 February 2008, 12:31 PM
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Remember these guys will be choosing which nursing home they will send you to rot in
Old 02 February 2008, 12:37 PM
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Remember these guys will be choosing which nursing home they will send you to rot in
Old 02 February 2008, 12:44 PM
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Originally Posted by davegtt
Mum charged me £25 a week and I got all my dinners made for me, cleaning, cooking etc. Had it cushy. What she did though, that I didnt realise, was she saved it all for a couple of years then when I bought my own place she gave me a lump sum of cash towards helping me buy furniture etc. Was chuffed to bits with that.
Top mum, what a lovely idea
Old 02 February 2008, 12:45 PM
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Depends on what they do round the house.

I never was charged board or rent. BUT and its a big one. I did all the decorating, gardening, car valeting (not just washing - vac and polish). Fixed anything that went wrong (that would be the dishwasher five times, washing machine 4 times, fridge 3 times and lost count with the central heating - how much would a reapir man charge for call-out alone, or cost of replacement?). And serviced/maintained the cars.

So, it depends on what they do round the house....if they don't lift a finger, give them the rent bill or the boot If they do help out, take that into consideration.
Old 02 February 2008, 12:49 PM
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David Lock
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Originally Posted by kingofturds
Remember these guys will be choosing which nursing home they will send you to rot in
No doubt they'll send me to one costing £100 per month

Student loan isn't too bad. Son is well under the limit and daughter pays £22 per month for the next zillion years. d
Old 02 February 2008, 01:49 PM
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I'd work out what they would be paying a month, including utilities, if they had to rent a place of their own, and then quarter that figure and see what you get. If it's more than £100 then I'd charge them the £100, if it's less, then take that value
Old 02 February 2008, 01:57 PM
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My 20 yr. old son has been living with his dad for last two years. He pays £40 a week. My son is an engineering apprentice at Airbus, so he doesn't earn so much yet. But his food bills are high apparently, for he is a food-aware steak eating health freak, and a boxer. So, that's what he pays to his dad ATM.
Old 02 February 2008, 02:25 PM
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£10 a day for board and lodging would be my rate.

I'd snap someones hand off if I was offered that kind of deal.

Room, Food, Bills, Phone, Council tax, TV, PS3, XBOX360 etc etc

Dirt cheap

If they complain - ask them to look into what they could get on the open market for that kind of money.
Old 02 February 2008, 02:51 PM
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CHarge them nothing
But they pay for all their own food & bills, and do their own cleaning and washing etc and have to help around the house when possible.
Old 02 February 2008, 03:43 PM
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Chip
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Originally Posted by SVXNUT
I give my grandad £120mth pocket money, because his pension from the Govmt one won't allow him to even get to his meetings, or see his friends. I also pay the Phone/broadband bills and the electric.
Mother pays all food/paper and other bills.
I have also replaced all the windows/bathroom and am currently saving for the new Kitchen.
I am also paying off all the debts my sister left behind when she died from Enchephilitus. (probably spelt wrong) 3 years ago.
Welcome to the life of someone whose father walked out when he was 4.

I only earn about 25k, running my own transport buisness.
It's a pity that there aren't a few more people like you around these days.



Chip
Old 02 February 2008, 03:44 PM
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When I started working I was paying my Mum £5 a week which was a fair chunk of my wages.

It was a few years ago though

Chip
Old 02 February 2008, 03:49 PM
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take the £100 and save it for them, don't tell them. then when they finally get a place of their own give it back to them. if you can afford it of course. they need the money more at this time of their life.


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