After over hearing a conversation a few weeks ago about whether or not parents should charge their children rent when they enter employment, I was curious to hear what other people thought about this.
I spoke to my husband, Nigel, who blogs at DIY Daddy, who thinks that parents should definitely start charging their children rent as soon as they enter employment. He says that it’s a good way for our children to learn that they need to pay their way in the world, and contribute toward food and bills etc. It will help to teach them the value of money and prepare them for life away from the home so that when they eventually move out they’ll know that they have to pay their way.
I have to admit that I agree with this. As soon as I started to earn money, my parents started to charge me rent. Although at the time, I wasn’t very happy about this, I can now understand why they chose to do this, and I for one will definitely be following in their footsteps.
However, not all parents feel the same way. Here’s what some had to say…
Parents who wouldn’t charge their children rent
Georgine from Gee Gardner says: No. My OH was charged most of his pay packet to live at his Mums and he was left unable to save. He was paying more than the rent of the place it was pure extortion. He ended up having to take voluntary redundancy in order to afford to find a place of his own. The only way I would charge my kids rent is if I were to put the money in a separate account for them to use as a deposit. The way I see it is that I chose to have my children and it’s my job to ensure they have the best start in life whether that be as babies or young adults flying the nest. I wouldn’t want to put my kids in the position their dad was in when he left home just so I could buy luxuries.
Hayley from Devon Mama says: It would depend. I was never charged rent by my parents but I was expected to help out around the house and contribute towards food, cooking, looking after my younger siblings. I lived there for six months after I finished university and my parents said they would rather I was actively saving for a deposit to rent or buy somewhere than pay them as they didn’t need the money. Had I not been saving for that, I would have given them rent. I think I would treat my children the same, we’re in a fortunate position to be able to currently afford our bills each month so, if they were living here and working I’d rather they put their earnings towards an end goal of finding their own accommodation. If they decided they weren’t ready for that yet or were intending on staying for years then I’d probably charge a minimal rent. More to ensure they’re money aware rather than to help us. I’d like to think I’d save that money and use it to help them when they WERE ready to move out!!
Catherine from Rock and Roll Pussycat says: I wasn’t charged and wouldn’t charge my son. They’re only young and care free for a short time. Let them enjoy it while they can. We save each month so he will have a deposit for his first home too.
Lisa from That British Betty says: My daughter now earns £800+ per month as an apprentice. She’s 17 and I don’t charge her rent. My friends and family think I must be mad as she has more disposable than me and my husband combined. I’m a soft touch. I think I want to give her the opportunities that I never had, to save up and enjoy her life for a while (I left home at 16 due to dire family circumstances and spent my early adult life moving from bedsits to hostels etc).
Fozia from Muslim Mummies says: I wouldn’t charge rent. I was never charged rent by my parents but I would do the shopping every now and then and buy things that were needed but my parents always used to say I didn’t have to buy it. So long as I can afford it I won’t charge them for living with me. My parents let me save so I could get my first car and I hope to do the same for my kids. However if I felt like they weren’t being responsible and throwing their money around with no thought to the future then I might consider charging them but I would keep it aside for when they needed it.
Alice from Living with a Jude says: I wouldn’t. Personally, if I could afford to help them out like that then I’d rather my child saves up some money for their future. My parents didn’t charge me rent. I was lucky enough that my parents could afford to continue paying for us all. It meant I was able to save a bit and move into my own home sooner.
Katie from Living Life our Way says: I wouldn’t charge my daughter rent if she had a job but I would try to teach her good financial habits like putting aside x per month to save for a home. And if I really felt she was being irresponsible with her money, given she does have SEND and mental health issues, then I would consider charging rent just so I can put it aside in an account for her, to help her.
Eva from Captain Bobcat says: No, I could not. I know it would be probably better if I did, getting them ready for the real life. But they are my children and honestly I just could not. My parents never did that, in fact they have always helped me financially: like putting the deposit down for my flat and then I paid the mortgage from there on. I have never been irresponsible with money and we always talked about our family’s finances so me and my brother understood things. My dad explained how budgeting and paying bills work, saving for pension etc. I think that if anything is more important than anything.
Parents who would charge their children rent
Lyndsey from Me, Him, the Dog and the Baby says: When I was 17 I had to pay 10% of my wages. It wasn’t necessarily rent but more towards food and bills. I thought it was really fair and I would happily do the same thing if my daughter works at that age.
Katie from Mummy’s Diary says: Absolutely yes. It teaches them responsibility and gets them used to paying bills and prepares them for when they move on. I’d go with 10% of what they’re earning as well or sit down and work out what they could pay towards what they use the most tv internet etc.
Terri from The Strawberry Fountain says: Yes, I think I would once they left school, either this or I would insist they open an isa or savings account and put a set amount in there each month as it teaches them the value of money and how to budget. Id like to think we would agree an amount together like 15% of their wages maybe.
Kayleigh from Candyfloss Dreams say: es I would if they were living at home and on an apprenticeship/working full time. And I would make it proportionate to what they take home each month. I would probably follow the ‘thirds’ rule that my parents used with me. A third for bills, a third to save and a third to spend. I think it’s important to learn that everyone needs to contribute to the running of a home and I think it helps make them aware of just how much we need to pay out for to afford luxuries.I would not save it and then give it to them when they move out either, it would be a case of them paying bills and learning to save and budget what they are left with.
Sophie from Soph-obsessed says: Yes – so they learn the value of money but I would put it into a savings account without them knowing and then when they move out I would give it to them to help them out. My uncle did this with their children and it really helped them out.
Kelly-Anne from Mimi Rose and Me says: Personally, I think it’s a good idea to prepare them for the real world. My nan charged my mum rent when she started her first job, however when my sister and I started earning my mum didn’t charge us rent. I believe that this made it so much harder for me to adjust to the real world when I moved out on my own. I guess you also have to think that more and more children are staying at home for a lot longer than they used to making it harder to get into their own property. So paying a small amount of rent will help them get on the property ladder quicker.
What do you think? Would you charge your children rent?