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What do you think?

September 3rd, 2017 at 08:06 pm

A few months ago, I told my DS#2 that starting November he is to contribute $400 for rent. He already contributes $200 towards the family groceries, pays his own car insurance, cell phone and his personal items. He is a great young man, super responsible, kind and generous and works a full time job with great wages. He saves most of his money and he is on his way to buying a two family home as an investment property. He intends to continue living with us and we are fine with that.

Do you think that $600 a month is fair? He agreed to it without protest but why do I feel guilty?

12 Responses to “What do you think?”

  1. Laura Says:

    I paid nominal rent and my mom gave 1/2 back to me when I got married. I think it's totally fine.

  2. Debt-free by Thir-ty Says:

    My brother pays $450/ month on a meager salary. If we were in a position where we didn't need it, I'd do like Laura's mom and set aside a portion to give back when he strikes out on his own since I know his savings are minimal.

  3. creditcardfree Says:

    Is it possible you feel guilty because you don't need the money? How much would it cost him to be out on his own? Is the $600 less than that? I don't think it should be more. The incentive to stay at home paying lower rent should be the goal in my opinion. Go for it and you can always adjust up or down later. It seems you raised a son that understands the value of money.

  4. Elitaylor646 Says:

    As a fully grown daughter living with her parents for the most part of the last nine years, I think that amount is perfectly fine! When they let me contribute, I feel like less of a free-loader and it gives me confidence that I am supporting my amazing parents. And that potentially I can be on my own or support them.

  5. monkeymama Says:

    I think it sounds like an amazingly generous offer to your son.

  6. snafu Says:

    DS #1 first job out of university was in another city where rents were horrifyingly high. DS #2 lived home and he agreed to pay the average sum for room and board in our district with the understanding that it would be returned when he was ready to move out on his own. Our thinking was to create a lump sum for 1st and last month's rent + damage deposit, utilities deposits and basic furnishings. It was wonderful to have him home a bit longer. The 'empty nest' period was awful.

  7. veronak Says:

    I think that the $600 a month is more than fair, rent here in south Florida is two times that amount for a one bedroom. Maybe if you don't need the money one up an account for him or invest the money for him and provide as a gift when you think the time is right.

  8. ceejay74 Says:

    Sounds totally fair to me, especially since it sounds like he can afford it and would like to live with you long term!

  9. VS_ozgirl Says:

    If you think about it weekly, in a four week month that is $150pw - if he was living out of home he'd have to pay a bit more, it's perfectly fine I think.

  10. PatientSaver Says:

    It's very fair. Please don't worry about it. The fact he didn't object perhaps implies he won't find it a problem to pay that.

  11. rob62521 Says:

    Sounds fair to me and like one person, you could save it and give part of it back if you don't need it when he moves out.

  12. terri77 Says:

    Sounds fair, but I do like Laura's idea of giving him half back when he strikes out if you can afford it.

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