| Posted By |
Message |
| Pages: [1] 2 3 |
sticklee
LIF Adult
Member since 8/06 2984 total posts
Name:
Stick
|
Parents who charge rent
how do you feel about parents who charge their kids rent to live at home?
i have friends whose parents have collected money from them each month once they graduated college and were still living at home.
personally, i disagree with the idea of taking money from your kids on principle alone. i would expect that the kids would help out with things like groceries or cleaning, but to enforce a monthly amount seems strange.
discuss
|
Posted 6/4/07 10:13 AM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
LIPrincess
Foxy Lady
Member since 6/05 1610 total posts
Name:
Jaimie
|
Re: Parents who charge rent
I paid my mom from the time I graduated till the time I moved out, $300 a month. I also had to pay one of the bills (ie, elec, gas, etc.). I think there is nothing wrong with that. It taught me responsibility and how to manage my $$ early on. Btw, so did my sisters.
|
| Posted 6/4/07 10:15 AM |
| |
|
nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
|
Re: Parents who charge rent
I think it's the best thing they can do for them. It teaches them how to budget their money early on.
My parents charged both of my sisters rent when they came home from school ($100/mo). When each sister moved out, my parents gave them the money back.
When I came home from college, I told my parents if they wanted me to pay rent, I would. They said it wasn't necessary because I already knew how to budget & I knew I was getting it back anyway.
|
| Posted 6/4/07 10:16 AM |
| |
|
MikesWife
Wanting...........
Member since 1/06 6887 total posts
Name:
Karen
|
Re: Parents who charge rent
I see nothing wrong with parents charging a reasonable rent. I know some parents who take the rent money and put it away for the kids without them knowing. And then when they moved out, the parents gave the $$ back.
|
| Posted 6/4/07 10:16 AM |
| |
|
tsullivan
LIF Adolescent
Member since 10/06 788 total posts
Name:
T
|
Re: Parents who charge rent
As soon as I had a full-time job, I was expected to contribute towards rent. It was pretty nominal, but it taught me early on that every cent that comes in was not mine to just toss away however I wanted, and I never resented it. I think it's part of the responsibility of being an adult; I would do the same for my kids.
ETA: My parents also opened a separate account for me with the $$, and gave it to me once I was on my own.
Message edited 6/4/2007 10:18:04 AM.
|
| Posted 6/4/07 10:17 AM |
| |
|
Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
|
Re: Parents who charge rent
I don't see anything wrong with it. It teaches responsibility, budgeting and money management.
|
| Posted 6/4/07 10:17 AM |
| |
|
sirk1020
*************
Member since 9/06 3046 total posts
Name:
|
Re: Parents who charge rent
I wouldn't charge my kids rent unless I was putting it away for them in a savings acct to give to them when they move out
My parents never charged me rent
|
| Posted 6/4/07 10:17 AM |
| |
|
LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
|
Re: Parents who charge rent
Posted by nrthshgrl
I think it's the best thing they can do for them. It teaches them how to budget their money early on.
My parents charged both of my sisters rent when they came home from school ($100/mo). When each sister moved out, my parents gave them the money back.
When I came home from college, I told my parents if they wanted me to pay rent, I would. They said it wasn't necessary because I already knew how to budget & I knew I was getting it back anyway.
This is what my parents said they would've done if my sister had moved back home! I moved back home but my parents knew I was really good with money so they didn't bother.
|
| Posted 6/4/07 10:18 AM |
| |
|
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
|
Re: Parents who charge rent
Posted by nrthshgrl
I think it's the best thing they can do for them. It teaches them how to budget their money early on.
My parents charged both of my sisters rent when they came home from school ($100/mo). When each sister moved out, my parents gave them the money back.
When I came home from college, I told my parents if they wanted me to pay rent, I would. They said it wasn't necessary because I already knew how to budget & I knew I was getting it back anyway.
I agree. While I wasn't in school I paid my parents rent. It wasn't like real rent but it taught me responsibility.
I do think it's the best thing you can do for your kids financially. You can help them in other ways, but teaching them about financial responsibility will help them down the road.
I never got it back..it was just like regular rent.
Message edited 6/4/2007 10:19:43 AM.
|
| Posted 6/4/07 10:18 AM |
| |
|
dawnie
Barb-Never removing this pic!
Member since 11/05 3932 total posts
Name:
|
Re: Parents who charge rent
I paid my mom rent. I think it is a great idea. It teaches responsibility and if you are old enough to go out and get an apartment you should be contributing to the family household.
|
| Posted 6/4/07 10:19 AM |
| |
|
Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
|
Re: Parents who charge rent
If I had moved back home, my parents would have "charged" me rent- just to give it back to me when I moved out
they did that with my car insurance in High School
they charged me $100 a month to have the car- then when I went to college- they gave me the $1200!
|
| Posted 6/4/07 10:20 AM |
| |
|
chikita315
Love
Member since 8/06 7945 total posts
Name:
M-lo
|
Re: Parents who charge rent
DH's parents charged him rent and never gave a cent back to him. THey consistently had their hands out for money.
If you want to teach your kids responsibilty, I think it's great.
If you are using your kids as a meal ticket, I think it's pathetic.
Message edited 6/4/2007 10:21:46 AM.
|
| Posted 6/4/07 10:20 AM |
| |
|
nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
|
Re: Parents who charge rent
Posted by nrthshgrl
I think it's the best thing they can do for them. It teaches them how to budget their money early on.
ITA. If parents want to them save the money and give the kids a cushion or part of a downpayment from the money later, that's great.
I just see too many people in their late 20s taking advantage of their parents and NOT learning to budget appropriately. DH's brother keeps moving back in with his parents, living rent-free, eating all their food...Where does it end?
I lived with my mom for a while after college, but I bought all my own food and usually bought food for her too, or picked up dinner on the way home. I did my own laundry, cleaned, etc.
Message edited 6/4/2007 10:22:30 AM.
|
| Posted 6/4/07 10:21 AM |
| |
|
mtnmama
Member since 5/06 4794 total posts
Name:
|
Message edited 6/29/2009 10:43:19 AM.
|
| Posted 6/4/07 10:22 AM |
| |
|
DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
|
Re: Parents who charge rent
Posted by LIPrincess
I paid my mom from the time I graduated till the time I moved out, $300 a month. I also had to pay one of the bills (ie, elec, gas, etc.). I think there is nothing wrong with that. It taught me responsibility and how to manage my $$ early on. Btw, so did my sisters.
Same here...
Not the same amount as the above poster-- a little less-- but my Brother paid my parents monthly until he paid back the 10 grand it took for my Dad to finish the basement apartment for him (He did it all himself and it actually cost like 15 but my parents said pay back only 10- the 5 will be their "gift")... Then, once he was done paying that he gave them a very small amount each month (especially compared to most people's rent) just to help out with the electric bill and utilities that were now a lot more since he was there.
My parents watched his son, my nephew, constantly and never asked for money for that-- so my brother had it easy and could work and save up money he practically lived there for free but my Dad is retired and cannot afford to just hand everything to Kenneth-- and besides, in their eyes-- that would not be teaching him responsibility-- so, on one hand they made it very easy for him but on the other hand he still had to pitch in a little.
My parents have always had that type of approach when raising us-- I never got anything just "given" to me-- I got some things or half of it-- but I always had to work for something or pitch in for something-- I'm SO glad they raised me this way b/c even though it was a little harder it MADE me the person I am today-- independent, hard working and responsible.
|
| Posted 6/4/07 10:23 AM |
| |
|
JodiBabe
Married for 9 yrs!!!!!!
Member since 5/05 6672 total posts
Name:
Jodi
|
Re: Parents who charge rent
When my daughter decided she wanted to stop going to school I told her she had to work & pay rent (nothing major - $20/week) as well as help around the house.
|
| Posted 6/4/07 10:23 AM |
| |
|
nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
|
Re: Parents who charge rent
Posted by cpanyc
As an adult, I'd be ashamed not to help out.
That's how I feel too. When I started making money I WANTED to help out and feel I was contributing. I don't agree with grown kids who have no problem just taking, taking from their parents. I aim to raise kids who are self-supporting.
Now, my father has a free house with his job (and free electric, car, phone, etc.) and yet still wanted to charge my brother and keep the money. I thought that was odd since he wasn't paying a mortgage himself.
|
| Posted 6/4/07 10:24 AM |
| |
|
CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
|
Re: Parents who charge rent
My parents were about to charge me rent and then I moved out  into my own place with my now DH. But I think it makes sense, you are an adult now, learn to be responsible. It doesn't have to be an exorbitant amount, but a little doesn't hurt.
|
| Posted 6/4/07 10:26 AM |
| |
|
DaniJude
You're My Home <3
Member since 11/06 14815 total posts
Name:
Danielle
|
Re: Parents who charge rent
Posted by chikita315
DH's parents charged him rent and never gave a cent back to him. THey consistently had their hands out for money.
If you want to teach your kids responsibilty, I think it's great.
If you are using your kids as a meal ticket, I think it's pathetic.
I agree
But there's a big difference between the two.
I know someone who SUPPORTS their parents b/c the parents just don't want to work- I think that's terrible and unfair...
But, in most cases they really are just trying to show them responsibility-- so there can be parents who take a certain amount of money w/o them taking advantage-- Juist depends on the situation.
That stinks for your DH 
|
| Posted 6/4/07 10:26 AM |
| |
|
2PreciousBlessings
The Perfect Pair
Member since 5/06 19861 total posts
Name:
Best Wife & Mommy
|
Re: Parents who charge rent
Posted by Christine
I don't see anything wrong with it. It teaches responsibility, budgeting and money management.
ITA!!!
|
| Posted 6/4/07 10:28 AM |
| |
|
july06bride
I'm a mom!
Member since 5/05 3966 total posts
Name:
Nicole
|
Re: Parents who charge rent
what my mom's friend did was she took "rent" from her daughter - I think it was going on 5 years-instead of using it, she saved it for her and gave it to her when she was looking to move out of the house and buy something of her own! I thought that was a great idea! The daughter had NO idea what her mom and dad were doing, she thought they were just taking rent...
My MIL and FIL have an apartment in their house, my BIL lives in the apartment after living on his own in a different apartment... They could be renting it out, but instead they rent it to him, they don't charge him what they would charge strangers, but they do take the rent from him...
AND, for a year when my DH was living in his house (after college) he gave his parents $400.00 a month. He had a great job working for a big company and was not ready to move out and get his own place yet- I didn't see anything wrong with this, she cooked and cleaned for him, she paid the internet, the cable, the everything, and he was making a good amount of money... I don't see anything wrong with his parents taking the "rent"..they never asked him for it, he gave it because he was a responsible adult living in his parents home and it was the right thing to do...
Message edited 6/4/2007 10:31:35 AM.
|
| Posted 6/4/07 10:28 AM |
| |
|
ml110
LIF Adult
Member since 1/06 5435 total posts
Name:
|
Re: Parents who charge rent
i don't think there is anything wrong with that at all. if the "child" is old enough to have a job and earning decent money, then they are old enough to help their parents out with bills if they are living there. parents can't just keep handing their kids everything their whole lives.
i guess thats just the way i was raised though. my parents own their own business, so from the time i was really young, they would have me "working" for them so i could "earn" money to do/get things i wanted... it really taught me that if you work hard enough you can get the things you want... and that nothing in life is just handed to you.
they always said if i lived at home after i finished school and had a good job, they would charge me rent, but would save it for me and give it back to me when i moved out... just to get me in the habit of being responsible and paying my bills every month.
|
| Posted 6/4/07 10:29 AM |
| |
|
|
|
Re: Parents who charge rent
I lived at home after I graduated from college. My parents did not charge me rent and I feel that they had good reason. I was going to school for my masters (while working) and they wanted me to budget and save. As long as I put a percentage of money away for buying a place and getting started they had no problem with me living there and not paying. They understood that it is difficult to get started financially on Long Island and the money that I was able to save really helped out my husband and I to be where we are today.
|
| Posted 6/4/07 10:30 AM |
| |
|
Shelly
She's 7!!!
Member since 8/05 14624 total posts
Name:
|
Re: Parents who charge rent
Posted by july06bride
what my mom's friend did was she took "rent" from her daughter - I think it was going on 5 years-instead of using it, she saved it for her and gave it to her when she was looking to move out of the house and buy something of her own! I thought that was a great idea! The daughter had NO idea what her mom and dad were doing, she thought they were just taking rent...
I think this is perfect. It teaches a kid responsibility and in the end, its can really show someone how to save.
|
| Posted 6/4/07 10:30 AM |
| |
|
alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
|
Re: Parents who charge rent
Posted by nrthshgrl
I think it's the best thing they can do for them. It teaches them how to budget their money early on.
i agree. DH's parents started charging him rent the minute he graduated from high school and decided not to go to college. it was a great way to teach him about the "real world".
my parents didnt charge me rent per say, but there were fixed household bills that were my responsibility every month (cleaning lady, water bill, and cable). it taught me how to budget my money and i thank them for doing it.
i plan on doing the same thing to my kids if they decide to stay at home after 18. i see nothing wrong with it.
|
| Posted 6/4/07 10:31 AM |
| |
|
| Pages: [1] 2 3 |
