Our kids still live with us..they are 26 & 28..the 28 year old has chronic illness so will probably live at home for her entire life and we are fine with that..she is such an easy person to live with. Our other daughter is still studying so she will live with us till she finishes next year and get a full time job and she works as well.
We were talking to friends of our and they thought we were wrong to be charging our kids to live at home..they help py the rent/gas/elec/water...they pay their own insurances/car rego/phone etc...but we think they are old enough (have been doing this a few years now) to learn how to budget and be resposible while living at home for when they move out...or if our eldest stay living with us...she can help pay for the household...we don't charge them for food unless they buy something they want themselves.
Do others do this or what do you think about this?
We started when they were like 5 and got pocket money that we had a system where they had to figure out their pocket money with us..they were taxed 10%, they had to save 10%, pay 5% sick pay and then the rest was theirs to do what they wanted...if they were sick and couldn't do chores then they still got the pocket money for that week as they had paid a sickness benefit...it was a good way to teach them about money and they loved it...and yes all the money we deducted got put into their bank account..so we think we have instilled pretty good budgeting skills with our girls...others think we are mean parents and that the kids should be having fun and worrying about their own money not paying bills...I disagree..so would like others opinions!!
do you make your kids pay??
December 21st, 2019 at 01:38 am
December 21st, 2019 at 02:28 am 1576895302
She's funding her Roth and putting money in non-retirement savings monthly. She paid off her student loans. And she isn't earning a ton of money. So for now, we're okay with this arrangement. If her income rises, we'll revisit the amount, and she knows that and agrees.
I figure as long as she's generally on the right track and being responsible with her money, we're happy to help out.
December 21st, 2019 at 03:06 am 1576897572
I know many parents that did not let their kids even get a drivers license or drive unless they could cover their portion of auto insurance and they had a set amount that came into play after school was done. I know families now that need that in order to make their rent etc.
When my kids were working and out of high school they started to pay a bit to chip in. Sometimes they picked up some groceries other then that they grabbed a bill out of the mail and paid it directly ... utility or phone or cable are examples.
I did the same when i was 18 and working it was no where near what real rent would be but got me into the habit of paying my own ways.
December 21st, 2019 at 03:06 am 1576897617
December 21st, 2019 at 03:10 am 1576897851
December 21st, 2019 at 03:25 am 1576898716
December 21st, 2019 at 04:14 am 1576901692
If any of ours do request to live at home for a while after graduation, I'd agree but have them contribute by paying a household bill and by taking on a household chore or two.
December 21st, 2019 at 12:30 pm 1576931449
December 21st, 2019 at 01:07 pm 1576933643
December 21st, 2019 at 02:24 pm 1576938257
December 21st, 2019 at 02:57 pm 1576940236
December 21st, 2019 at 09:49 pm 1576964966
December 22nd, 2019 at 01:13 am 1576977182
December 22nd, 2019 at 07:25 pm 1577042711
So no, I don't think you are alone. It is good you are teaching your kids responsibility and if they suggested helping with expenses, they most certainly are not entitled. You've done a good job raising them.
December 22nd, 2019 at 11:28 pm 1577057298
December 23rd, 2019 at 02:29 am 1577068184
Now I look at my SO, never had to pay bills/rent and pays everything late. His Neice, is the same way.
Personally I think it helps
December 24th, 2019 at 04:16 am 1577160991
As it is I am grateful for my parents for helping me be a responsible adult.
December 26th, 2019 at 05:46 pm 1577382373
December 29th, 2019 at 04:38 am 1577594315