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22 Jun 21, 12:11 PM |
#1
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Imagineer
Join Date: Sep 06
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Percentage of son’s earnings
My son is about to finish uni and will start his job in August. His starting pay is good and above average and so I’ve asked for 35% of his net earnings for his rent and towards the bills.
My son thinks I’m being a little tight asking for so much but he doesn’t understand that apart from the bills there is also wear and tear on all household items. Kids today just don’t want to pay their way |
22 Jun 21, 12:18 PM |
#2
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slightly serious Dibber
Join Date: Mar 17
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It all depends upon what he could get elsewhere for the same money? 35% seems like a large chunk of his earnings but if that includes food, washing, ironing, etc. then it's probably a great deal.
My parents charged me something similar when I was came back from University. They saved some of it for me so that when I moved out (6 months later) I had a few quid to help me get established in my new house. Whatever you charge, it'll help him budget and get used to paying the bills. Good practice before he heads out on his own. Good luck. |
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22 Jun 21, 12:18 PM |
#3
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Excited about Disney
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Me and my partner have had many arguments about this. Her son (my step son) still lives with us, she won’t ask for anything more than £50 a month. He treats the house like garbage and has no consideration for how much things cost but she won’t budge on this figure.
I thought around the £200/£250 would be more reasonable. He will never move out because he has no idea how to budget which he would quickly learn if he was charged a higher “rent”. Edited at 12:20 PM. |
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22 Jun 21, 12:23 PM |
#4
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Thread Starter
Imagineer
Join Date: Sep 06
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It doesn’t include food, but after my wife has finished her full time job she can do his ironing (I’m retired but I’m not a good ironer and realistically it’s more of a women's job).
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22 Jun 21, 12:24 PM |
#5
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Imagineer
Join Date: Jan 08
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I would let him have the 1st pay packet but then charge the 35%
It’s all about budgeting and understanding that bills are part of working life. Too many young adults live at home on £20 a week or whatever the going rate is nowadays. |
22 Jun 21, 12:26 PM |
#6
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Imagineer
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I used to pay half to everything!😂 I left home in 2017 when I was 21 and I actually pay less now than I did at home!😂
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22 Jun 21, 12:28 PM |
#7
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Guest
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We have a thirds rule whatever the earnings. Third for rent, third to save, third to live on.
I know they blur the lines between the other two thirds but I get mine! |
22 Jun 21, 12:29 PM |
#8
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Imagineer
Join Date: May 10
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I think it depends how much you need the money and as a destitute retired sparky who can't afford buisness class anymore with a wife who needs to work till she's worn out I agree MH take 50%. Charge for each meal that your wife cooks and per item for the ironing.
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22 Jun 21, 12:32 PM |
#9
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Imagineer
Join Date: Mar 16
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I used to have to do this at my parents, even when on £29.50 a week YTS scheme.
I know MH is probably being tongue in cheek with his post but kids need to learn to pay their way. If a family doesn't need the income then save it for them and give back when they move out but they should pay up first. |
22 Jun 21, 12:35 PM |
#10
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VIP Dibber
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I was going to say that you should take 50% minimum but you have mentioned it doesn’t include food and drink, so 35% is more than fair.
Make sure you still charge for any lifts and use of the car too 🚘 |
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