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Adult Children
Reply to "After graduation, rent if lives at home?"
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[quote=Anonymous][quote] 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. [/quote] 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. [/quote]
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