Okay so fast forward to the future. Your baby is graduting high school and has two routes to choose from, College (they got in with full ride scholarship ) or Work (someone offered them a job right out of school, not like McDonald's but something more stable). Anyways, I feel like if my kid(s) wanna just jump right into adulthood and working, I could let them stay with me but they would be responsible for themselves. Like I would charge rent (nothing crazy but still a set pay date), and they do their own chores etc without me being behind them. But if they go to college and could stay with me and all the above minus rent since they weren't working. Seems fair right? Or what do you guys think?
Re: Parenting opnion
I'm fine if parents want to charge their adult children rent. I think we'll probably encourage our kids to be independent, but I don't think DH would agree to charge them if they needed to live at home for a short time. They can choose if they want to go to college or not, and I don't think our decision to charge them rent (or not) would be based on that, but honestly it's hard to say now without being in the situation. I think the balance of giving your kids the tools and training to make good choices and be successful but then knowing when to let them leave the nest and giving them the chance to try to fly (and fail sometimes) is probably difficult.
Although I like @Mdm159 idea of charging a little bit and surprising them with a nest egg when they move out. Or maybe make saving what they would be paying in rent part of our deal. Teaching kids to save is and live within their means is so important.
I lived with my mom here and there after graduating high school. I was almost always enrolled in school. I paid my mom rent. I know I could have not paid her, but I've always had a strong sense of responsibility and duty, and my mom isn't set financially, so there was no way I wasn't paying her rent.
We would keep the kid on our health insurance until they're 26 years old. Probably regardless, so at least we know they can take care of their health. Having crappy healthcare when I was 22 years old was a scary thing for my parents when I got H1N1 and couldn't afford to stay in a hospital.
I would charge rent if I felt the kid wasn't motivated on his own, if it had the potential to become a freeloader situation. But I know that I lived with my parents a few times rent-free after college while unemployed, and having that "safety net" was invaluable to me. We all knew it was temporary, and I think that's all it should be with an adult child.
Shortly before our wedding, DH and I (and our little dog) moved in with my parents for what was supposed to be 7 weeks until his job started. Well, it got pushed back to 5 months! I had a good paying job and we could have made do, but the money we saved on rent was a down payment for the house we bought a year later. I would help my kid similarly if I could.
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I don't care if my children want to go to trade school or to college. I would prefer that they have a job/skill or degree to fall back on if the 'sure job' doesn't always remain so. I don't know about the living situation -- it depends on our children. My children will certainly pay their own bills but I don't know if I could charge them rent. I do like the idea of charging them a small amount and saving it for them, so that's something to think about
There is such a spectrum of attitudes and goals kids come out of high school with. It's a bit unrealistic to predict exactly how your child will be (ex. My friend is unbelievably motived, worked two jobs to pay 100% of her expenses, finished her degree early and landed an awesome job right after she graduated... Very different from her brother). I wouldn't charge rent if in school but likely would if they were just working.
I was watching a show and that was what it had came down to with a dad and his daughter. I would only charge maybe like 150-200 a month rent and give it all back once they moved out but I wouldn't let them know just because I'd love for them to save money themselves. But I also agree that a part time job during school would benefit them greatly and they would be happy to spend their money as they please. But still my house my rules nothing uber strict but just home by X time, keep it clean and just give me a call every now and then.