What to charge resident grandson for board and lodging

Your other bills won’t change much

There is plenty of time for him to learn budgeting later on

Depends how long he spends in the shower etc, and are you supplying toiletries, soap powder, tumble drying clothes etc?

My own DS paid a token amount when he first started earning, I jokingly said it didn’t keep him in milk and orange juice!

Never too early to learn to budget.

If you are happy to help him out, charge him about one third of his wage for rent and put all or some into a savings account for him. You don't have to tell him about the savings, it will be a nice bonus for him in the future. It will also help him learn that he needs to stay within a certain budget.

No more than £15 a week, for the extra food you will need to buy, your other bills won’t change much. He will probably not be working full hours yet and will need some savings when he leaves. It’s good for him to help out a little by keeping his room tidy and changing his own bedding etc for letting him stay. There is plenty of time for him to learn budgeting later on so just help him out and enjoy the short time he will be with you.

Siope

I used to charge mine one-third of their take home pay, encouraged them to save another third, and the final third was for spending.

If you can afford to do without his contribution, I agree you should take it, and save some or all of it to return to him.

Yes, this is what I'd suggest. One-third for a contribution towards his keep which you could return if you can do without it.

If he doesn't save one-third that's up to him and in that case I wouldn't return his keep until he's old enough to realise saving is a good idea. Or you could buy him Premium Bonds with it.

Don’t let him know about giving him something back which leaves your options open in case your situation changes.
Wait and it will be a lovely surprise for him if you give however much you want when he moves on.

Thank you all for your help. I shall go for a quarter to a third of his net income. Putting it aside for a gift when he leaves us is a lovely idea.

I always made DC pay if they were living at home and earning, even though I didn't need the money.

I agree 25 - 33% of his income and, if you can afford it, save it unbeknownst, so that when he rents his first flat, he will have little windfall to buy bedding or kitchen a equipmebt or whatever.

I would charge him one quarter of his net income. I would put this aside and refund all or part of it to him at a later date if possible. Sounds as if you are very much worthy of each other. Lovely. Good luck!

I charged my daughter about a 3rd of her income. But I put it away each month so when she and her boyfriend moved into their house after scraping together a deposit. I gave it to her so she could buy furniture.

I agree with one-third. You will be probably be out of pocket even then. But it's someone you love so that's ok.

He is paying 'in kind' by being useful around the house etc but I would still ask for a contribution to the household budget - 18 year old boys can eat a surprising amount!
As suggested above you could keep a savings pot for when he is ready to leave.

As others have said, depends on what he’s earning,

Full time /part time?

Definitely pay something, even if not a lot.

You do your children and grandchildren no favours by not charging lodge.

Siope and soda pop your ‘ third’ system seems sensible to me.

I think he should pay if only a little!

I used to charge mine one-third of their take home pay, encouraged them to save another third, and the final third was for spending.

If you can afford to do without his contribution, I agree you should take it, and save some or all of it to return to him.

When my children were earning and living at home we divided their wage by three
One third for board and lodge, one third for spending and one third to save. That way it was fair for all.

It depends on what he earns. If he’s full time on minimum wage that woukd be about £300 per week so £20 keep is very little and won’t help him learn much about budgeting.

Our rent when we first married was 40% of our income without food or bills, but of course you woukdnt want to charge commercial rent as it’s your gs. I think if everything is included that £50/75 is still very reasonable with or without a set contribution towards utility bills. That might encourage him to switch the lights off. ..
He will still be quids in and you can always give it back at the end if you havnt used it, and you want to.
I left home at 17 to live alone in the big city, had no help from family and managed. Hard sometimes but coped ok and lessons learned.

I would do as BlueBelle suggested.

Depends on what he’s earning but if he’s not earning much and is being helpful I d opt for that, but if you want to ask for money to help him learn to budget £20 a week seems a nice amount keep it in a pot and if you don’t need it give it to him as a surprise when he moves in to his permanent career
Well that’s what I’d do