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  1. #21
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    Yes. $275 a week as that was what I cost my mum.

    I think it's fair to charge board under any circumstances, but especially if you're not in a financial position to support them.

    I plan to be financially secure enough to charge a fair amount (not as much as I paid) and stash it away for their future without their knowledge. A nest egg for their future.

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    DH has said he will buy each kid an apartment and they can pay rent to live in it, which will go straight on the mortgage.
    This will be their nest egg and will only be given once they have completed uni or a trade.

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  4. #23
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    I like that idea Beryls Mum!

    I did pay board when I lived at home. It was $50 I think. Can't remember it was so long ago.

    If the children are at uni or studying or doing a trade no they won't pay. If they were working full time then I would reconsider some other arrangement.

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  6. #24
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    Yes, yes and yes to the op's questions.

    I am about to pay board again as well, though neither a teenager or young adult. Running a household costs money and paying board was a good way of learning how to manage my money.

  7. #25
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    I never paid board while at home, working/studying or not.

    When my children start work I will be taking 50% of their weekly pay and placing it into a bank account for when they finish a trade or uni.
    This money I hope will buy their first home.

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    BerylsMum That's such a good plan...I'm going to steal it and pretend I though of it myself, DP will be so impressed
    Last edited by chubby bunny; 04-01-2012 at 20:45.

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  10. #27
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    Witwicky is offline A closed mouth gathers no foot.
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    I moved out of home at 17. Prior to that I contributed towards the household - it was up to me what I decided to contribute. Some weeks I bought a bulk thingy of washing powder, other times I would pay the phone bill. Mum left it up to me, so that I wasn't forced to pay anything but I always wanted to contribute. I had to pay for all of my personal items though.

    I think I'll do something similar with my children. I'm hesitant to charge them if they're studying though...I remember my best friend at uni working instead of going to tutes so that she could pay the bills

  11. #28
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    Quote Originally Posted by BerylsMum View Post
    DH has said he will buy each kid an apartment and they can pay rent to live in it, which will go straight on the mortgage.
    This will be their nest egg and will only be given once they have completed uni or a trade.
    One of my uncles has done this. He also made them get student loans and reimbursed before interest kicked in if they passed, which was a clever incentive.

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    My youth allowance was my board. When I finished school and started fulltime work I paid an equivalent amount in board, although I can't remember the $$ figure.

  13. #30
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    bellalika is offline I'm trying my hardest, please don't ask for more.
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    Once we worked full time 10% of our take home pay was board.


 

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