SeaSpray
Disney World fan since 1976
- Joined
- Jan 11, 2001
- Messages
- 15,143
DS19 is taking a break from full time college and will be getting a full time job within the next month or so. He plans to keep his part time job as well. (He's been working at his part time job since he was 16 and makes a decent wage there, also it's literally a 2-minute drive away. However, he doesn't want to work full time there). His plan is to start taking classes again (maybe 1 or 2 at a time) in the summer or most likely the fall.
So how much do you charge your adult children, if anything??
My parents never charged my siblings or myself room and board, but I know plenty of people who's parents did charge them.
Do you charge a percentage of their take-home pay?? If so, how much?? Do you charge nothing at all? I know that we won't charge him for individual items; we'll either charge him a set amount per week, or per month. We don't want to charge "nothing" because we feel it's very important to teach him to budget and be financially responsible. We also want to teach him to put money away for the future (car repairs, down payment on his own place eventually, etc).
Currently, he has no debt at all (no credit cards, no car loan, no college loans), but he does pay for his own car insurance, gas, and spending money. The pay from his part time job covers those expenses.
All ideas, opinions, etc appreciated
P.S. I put the word "*single*" children in the title because I know that a lot of parents help out their married children and/or grandchildren by allowing them to live with them. That's not what I'm asking here. I'm asking about situations where it's a child who's single, out of high school and/or college, and working full time. Thanks
P.P.S. We're also considering taking the money that we charge him and putting it into a savings acount which we'll later present to him when he's either moving out, needs a new car, etc. But he won't know now that we're saving this money for him. We feel he needs to learn what it's like to have to pay for housing, food, etc.
Can you tell that DS19 is our oldest and we aren't 100% sure how to proceed? lol
So how much do you charge your adult children, if anything??
My parents never charged my siblings or myself room and board, but I know plenty of people who's parents did charge them.
Do you charge a percentage of their take-home pay?? If so, how much?? Do you charge nothing at all? I know that we won't charge him for individual items; we'll either charge him a set amount per week, or per month. We don't want to charge "nothing" because we feel it's very important to teach him to budget and be financially responsible. We also want to teach him to put money away for the future (car repairs, down payment on his own place eventually, etc).
Currently, he has no debt at all (no credit cards, no car loan, no college loans), but he does pay for his own car insurance, gas, and spending money. The pay from his part time job covers those expenses.
All ideas, opinions, etc appreciated
P.S. I put the word "*single*" children in the title because I know that a lot of parents help out their married children and/or grandchildren by allowing them to live with them. That's not what I'm asking here. I'm asking about situations where it's a child who's single, out of high school and/or college, and working full time. Thanks
P.P.S. We're also considering taking the money that we charge him and putting it into a savings acount which we'll later present to him when he's either moving out, needs a new car, etc. But he won't know now that we're saving this money for him. We feel he needs to learn what it's like to have to pay for housing, food, etc.
Can you tell that DS19 is our oldest and we aren't 100% sure how to proceed? lol
)--he will learn what it's like to have to pay for housing, food, etc when he is truly on his own. Give the poor kid a break!
, I told him, fine, you can pay rent. I charged him $125 per month, with the understanding, if he decided to go back to college, the rent would not be due.
I am sure you are sad that he dropped out of college, but Tuff Cookie had a GREAT idea! I say follow her path!! Don't let him get too comfy with his good job, b/c he will never go back to school!!
