how much would you charge your AC?

[Anonymous]

I would charge AC nothing. It is obviously an adjustment for them and for us to live together again. But, I really want my kid to be financially secure and be able to buy a house, save for future, have a nest egg. Best way to do that (if we do not have $$$$ to hand it to him) is for him to save as much as he can by staying at home. I would rather that when AC gets married and move out he has the money to put down for a house.

Of course, if the kid is a waste of space and is snorting away his paycheck, he will be out.

[Anonymous]

May be he is going through a rough patch of mental, physical or financial health.

[Anonymous]

You need to ask him, "why?".

[Anonymous]

When I was that age our parents collected $500, saved it and gave it to us when we got married or bought a house.

[Anonymous]

I heard an interview with Michelle Singletary, the financial columnist at the WaPo. All 3 of her kids live at home, so they can save money.

https://www.washingtonpost.com/business/2022/05/13/inflation-housing-moving-home/

A year after getting her master’s degree and doing an internship in Texas, our eldest moved home and is saving the vast majority of her yearly income. At 27, she’s plowing 15 percent of her gross pay into her 401(k). She’s saving up to pay cash for an electric vehicle in about three years.

Our son graduated from college last year and is still living at home. He’s working two part-time jobs while studying to enter the actuarial field. We are in no rush to see him go. He’s lovely to have around — plus he’s the main dog-walker.

My husband and I agreed not to charge any of our children rent as long as they are saving, so that when they finally launch they will have a substantial cushion that should keep them from boomeranging back home.

[Anonymous]

I agree that I wouldn’t charge if they were saving (or maybe I’d charge but put it in an account for them).

[Anonymous]

My 22 yo son is paying us $1k/mo. He still on our auto/medical/dental insurance as well as cell phone. He makes $135k/yr and is saving tons of cash until he moves in with his gf.