I think that the most important thing, and especially in the context of a site like AAM, is teaching kids of all ages that money doesn’t grow on trees.
Only Sinn Fein/IRA…I though everybody has a money tree these days
Dare I suggest that kids owe their parents Big Time, for their first 18-24 years on the planet?I hope all those parents who treat their children like tenants are saving all that cash so that they can pay their children to be their carers when they get older and need someone to look after them.
If an adult child is earing 60/70k plus, then its time for them to get out in to the real world and rent a room somewhere else and start adulting. But some young lad or girl earning a few quid in their first job then be happy that they are contributing a few quid for the grocery bill.
You brought them in to this world. Its not an easy time to be a young adult. Give them a break. They might have to choose your nursing home some day!
Absolutely. Couldn't agree more. Comparing your generation to the generation of today isn't comparable. I don't know many 30-50 year olds who have Saud that they'd love to be in college or finishing college these days.I hope all those parents who treat their children like tenants are saving all that cash so that they can pay their children to be their carers when they get older and need someone to look after them.
If an adult child is earing 60/70k plus, then its time for them to get out in to the real world and rent a room somewhere else and start adulting. But some young lad or girl earning a few quid in their first job then be happy that they are contributing a few quid for the grocery bill.
You brought them in to this world. Its not an easy time to be a young adult. Give them a break. They might have to choose your nursing home some day!
Come back to me when you have mid/late teens in your house & let me know how much of your 'guidance' they listen to!parents role should include guiding them on how to save a bit of money
I hope all those parents who treat their children like tenants are saving all that cash so that they can pay their children to be their carers when they get older and need someone to look after them.
If an adult child is earing 60/70k plus, then its time for them to get out in to the real world and rent a room somewhere else and start adulting. But some young lad or girl earning a few quid in their first job then be happy that they are contributing a few quid for the grocery bill.
You brought them in to this world. Its not an easy time to be a young adult. Give them a break. They might have to choose your nursing home some day!
They might have to choose your nursing home some day!
Rent probably sounds a bit mercenary all right @cremeegg. I should call it a "contribution" .... just like the €3K that I pay to their college each year is a "contribution" rather than a "student fee"Here is my take.
Don't charge your kids 'rent'. Its a family home, they are part of the family.
It is perfectly reasonable to ask them to contribute to the expenses of the home if they are earning an income. Maybe just a small contribution if its a low paid or part time student type job. A full contribution if they are earning a proper wage, and €35k is certainly a proper wage. I do not see why you would ask the high earner to pay more, that's hardly fair.
A full contribution towards the costs of running the home, electricity, heat, insurance, food.
As for the labour needs in running a home, washing, cooking, cleaning, lawn mowing, they should do their share there too.
Well done on getting your kids to this stage, I hope mine will turn out as well.
Hi @Leper It wasn't my intention for the post to come across as seeing my kids as "money making asset". I've been parenting now for almost 24 years and I'm still learning! Each phase throws up something new, and that next phase, for me, is where they're getting ready to go into the "real world".What an interesting thread. I put up my tuppence worth yesterday and deleted it almost immediately. I am amazed at the posters here who look on their children as products who must contribute X% of take home pay as a "thank-you" for their upbringing and accommodation. Then I see a poster saying his kids are the ones who'll decide in what rest home he'll spend his last weeks before snuffing it.
I'm a grandparent and I would hope our kids (now parents) would treat their off-spring not like a money making product. There has to be some middle ground where those kids who can afford it can contribute to the family expenses while residing there. The last thing I would want is alienate our kids over money. Life is not easy and lots get thrown at everybody and if it's only money problems then be thankful. Yes, I believe kids should contribute towards their keep, but I think also that they should contribute to the well being of the household (cutting grass, cooking. painting etc).
But, treating them as a money making asset will make an ass of you. We come this way only once; enjoy while it lasts. Oh! and stay around as long as you can, grandchildren easily outweigh your own kids in nearly every way. They think grandparents are heroes. They're right!
Nope.entitled to renters rights some form of notice/tax relief on the rent they’re paying at home?
Better again if they took care of the parents as a thank you. No need for a home then.You brought them in to this world. Its not an easy time to be a young adult. Give them a break. They might have to choose your nursing home some day!
As previously recommended by Thirsty in post #5talk to your kids
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