My son is strarting his first job and will earn around £180 per week How much should I ask him for his keep?
Answers:
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.
£30 a week. but get him to try to save at least £50 a week too he'll thank u in the future
50 quid
i get a 180 quid a week and i dont pay anything stop bein greedy he is only young
!!!
What do you provide? Room only? Or will you also provide food? Will you do his laundry still? Or just provide the washer & dryer for his use? Will he be expected to help with the household chores like cooking & cleaning? Or will you do all of this for him as well?
£50 quid they don't learn the value of money by getting an easy ride
none! . because when your old and need his help he will charge u!
I think you right to ask for something as he has to learn the value of money I would ask for £30 a week
what does it cost to keep him? use that as a guide.
Check your income tax consequences. May not be worth doing.
£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.
Both my Daughters pay £20 a week each. Al thou 1 works for the NHS and the other in a Sports Shop.
He should be paying around 30% of his income for rent so about £50 plus a contribution towards bills and groceries
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!!
about 50, do you need the money? If you are tight ask for more , but explain it
One weeks income every month is fairly realistic. This mimics the approximate % of his income he will have to spend on rent when he lives on his own and makes a serious salary.
£40 is about average....
i would ask for £40 perweek but if you dont need it financially put it in a savings account for him[but dont tell him] then give it to him for his flat/house when he moves out. you'll dip into your pocket anyway when he does move out so this would save you using your money.
Just have him make out how much you spend for him..food,cleaning,electricity. etc.. and then ask him 50 quid he will think you are COOOOOOOL lol
Divide all house bills by the amount of people an charge him that amount.
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!
£40, hope it goes well for him.
one third os reasonable. he would have to pay £70 for rent alone elsewhere
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.
30 % of his take home amount
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!!
i like newgran's answer - we are doing the same thing
When i lived at home - i had to pay 25% of my salary. so in your case £45 a week.
This way as well (which i didnt figure out till i moved out 4 years later) - that everytime he gets a pay rise - so do you!
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
Look at his payslip and take one third. He has to buy his own clothes and personal items (shaving things etc), pay for his own entertainment and so on.
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