After graduation, rent if lives at home?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can’t imagine not charging rent (my kid has a decent job l8ned up) but my husband doesn’t want our kid to rush into an apartment lease. So I don’t know.

A son yes, a daughter no.

DP. Why?

[Anonymous]

I never lived at home for more than a month after graduating from college (spent each summer of college working in a different city). I hope the same for my kids even though selfishly of course I would love to have them home. But I will encourage them to spread their wings.

[Anonymous]

We charged "rent" equivalent to what DS would be paying for groceries, rent, utilities, put it in a dedicated savings account and returned it to him when he moved out.

[Anonymous]

DH is a Certified Financial Planner and we let or DS to live at home after graduation. DS does not have to pay rent, food, cell phone, and utilities. DS invests 100% of his salary, 125K/year salary, in a diversified portfolio for the next two years. We also bought DS a new Kia Sportage and his plan is to move after two years living at home. I can’t imagine changing my DS rent while living at home.

[Anonymous]

My parents rule was no rent so long as I was going to college or university. I lived at home most weekends and summers.

I will likely do the same, but outside of schooling, I think I would charge a small rent mostly to teach budgeting, and not foster unrealistic spending habits given how much surplus income they might have leftover each month if they have no real expenses. I like the idea of saving it and giving it back as a down-payment or savings of some sort.

[Anonymous]

Anonymous wrote:If my parents charged me rent, I would never forget that!

that's cause you are an entitled brat.

The adult child has a job. Presumably, OP paid $100K+ for a college degree.

Adults should start standing on their own two feet once they get a job. The rent can be $500/month to cover utilities, and maybe food if you're still buying all the groceries. Unless the AC doesn't have a job, or the pay is really low, like minimum wage, there is no reason for said AC to not pay rent living at home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I guess we're in the minority. We are charging our DS a token amount of rent. He has a fantastic job and is saving over half of his salary between buying company stock options, putting money into a separate stock account, building up a cash reserve equal to 6 months of his salary and maxing out his 401K. His "rent" is slightly more than what I'm spending buying him food, which includes when we go out to dinner a couple of times a month. He works virtually from home so he's eating three meals a day at home. He also is paying his portion of the cell phone bill and pays for his own automobile insurance.

Sounds normal

+1 nothing wrong with charging a bit of rent to your adult child who has a good paying job.

All these people who think it's wrong to charge rent, you are the outliers, and you probably live in a bubble of privilege.

[Anonymous]

Anonymous wrote:
I come from western Europe and would never dream of charging rent to my children. No one I know from the UK, France or Germany does that. Due to continental universities often not having the American style campus and dorms, and high rents in capital cities, it's very common for children to live at home during undergrad, then possibly live there for a few more years while they get on their feet, unless they go to college further away.

What a strange, short-sighted mindset.

If they are in college, that's different. But once they have a good paying job, I don't think most adult Brits still live at home. The Continent may be different.

My spouse is a Brit, and none of the siblings, nieces, nephews lived at home after getting a FT job after college.

[Anonymous]

Anonymous wrote:100% charge rent. It forces your child into good financial and ethical habits of budgeting and not freeloading.

You can choose to give the rent back in the future as a gift.

Agree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I can’t imagine not charging rent (my kid has a decent job l8ned up) but my husband doesn’t want our kid to rush into an apartment lease. So I don’t know.

But why?

Unless you are dirt poor, you are a cheapskate to charge them. Why did you have a kid if you could not afford it.

So, if your adult child wants to live with you till they are 35, you are still ok with them not paying any rent?

The adult child is not a "kid". Stop treating them like one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:As long as my child is pleasant in the household, self-supporting & cleans up after themselves, they can live at home forever.

And they probably will, and remain a child.

+1 Failure to launch, or always dependent on mommy and daddy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:As long as my child is pleasant in the household, self-supporting & cleans up after themselves, they can live at home forever.

And they probably will, and remain a child.

Jealousy not sexy. Your kids dont love you? Wonder why… lol

? post makes no sense.

[Anonymous]

Anonymous wrote:I lived at home well into my 20’s without paying rent, but I was working full-time and paying my way through law school at night. My parents were gone half the year, living in a southern state during the winter. I passed the bar and settled on my first condo in the same week. I was grateful that I had the opportunity to do all this and save money at the same time.

That's different case. If you were paying your way through law school, then you are really still a student.

[Anonymous]

Anonymous wrote:We charged "rent" equivalent to what DS would be paying for groceries, rent, utilities, put it in a dedicated savings account and returned it to him when he moved out.

Our 20 and 21 year old are capable of putting earnings into their own savings account. They do not need us to play banker for them. They have been part of the savings process since they were in grade school.

[Anonymous]

Anonymous wrote:
We charged "rent" equivalent to what DS would be paying for groceries, rent, utilities, put it in a dedicated savings account and returned it to him when he moved out.


Our 20 and 21 year old are capable of putting earnings into their own savings account. They do not need us to play banker for them. They have been part of the savings process since they were in grade school.

The child we did this for is ADHD and has some developmental delays. The first time this DC had a job and we did not exert some control over level of savings, the DC blew almost 100% of paycheck on completely BS electronics/games/subscriptions and had nothing to show for it. So we learned. Now, after 18 months of the first program of "rent equivalent", we have put DC in our in-law apartment, have reduced "rent" and are seeing how DC fares with this greater flexibility.