Your adult child is living with you. Do you charge him/her rent?
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M$8 Answers
If my child is living with me right after college and still looking for a job, I wouldn't charge him or her rent. The job market right now is such that getting a livable job right after college is *really lucky*. Many people don't have that luxury, and end up with their parents simply because they have nowhere else to go. They didn't come up with the term "quarterlife crisis" just to be cute.
But if my child has a job and, by all accounts, is able to find a place to live and become financially independent, I would charge rent. There has to be some kind of push. At some point, he or she has to take responsibility for himself. Age is a small factor in this, but not everything -- if my child is in his thirties and JUST lost his job, I wouldn't turn him or her away. It's more about ability to support himself or herself.
Maybe I'm just biased because my mother has said she wouldn't charge me rent if I had to live with her, even after college, but I just think it's a nice thing to do as a parent.
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M$
I would say whether you should charge your kid rent or not depends on the situation. My parent's desire to charge their kids rent was just to get us ready for the real world and hopefully keep us from continuing to live with them until age 30. I can understand that. However, if your chlid has already been out on their own and has just fallen on hard times, like lost their job, house, marriage, etc., perhaps a little compassion is in order. I've already proven myself to my mother that I am a responsible individual, so I believe if anything ever happened and I ended up on my mom's doorstep a broken woman, she would probably not charge me rent, at least not in the first few months until I got back on my feet.
It's a judgment call dependent on several factors. You don't want to be too enabling, but also don't want to be too much of a hard-a--. It's a matter of what will help your child out the most, being compassionate or educating them further on the harsh reality of this world and that is dependent on the mindset of the child and what they have been through and if they have really and truly tried their best to be financially independent.
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M$
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M$
This will prepare your child for when he or she does move out on their own.
You could also put this into a saving fund for your kid.
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M$
I lived with my parents only till I was 20 yrs old.I paid rent from the time I graduated high school to the day I moved out.
It is the whole responsibility thing. They still need to be accountable for themselves.
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M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Since they have an income it is important to stay in the rental paying frame of mind.
To be honest I love having her here so much, that I should pay her. But I will keep it the way it is. It helps offset the electric bill.
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M$
