Can you remember when you had to hand in dig money?
Or how much your kids gave you to keep them once they started earning their own money?
sandrajo Fri 28/03/08 11:48
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When I started work at 18, I was earning about £1600 per year before tax, which worked out at about £100 per month after. Me and my mum sat down and worked out how much I'd need for clothes, fares and lunches, set aside a bit for savings and agreed on a contribution of £20 per month towards the housekeeping out of the remainder. I thought that was fair, especially as, unknown to me, she then invested my £20 per month for me and gave me a bank book with a not inconsiderable sum in it when I finally left home for my own place 2 years later.
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hi san, when I was 16 I worked on one of those government schemes things. I got £25 a week and gave my mam a tenner. At the time I felt like I was handing over a fortune but looking back I guess I had a good deal lol
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I use to pay £25.00 a week
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i used to pay £150.00 pm - i only took home £450
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I never did give money to my parents as I had a mobile and car and the deal was to pay for the upkeep of car, petrol and mobile bills myself.
It worked well as I appreciated what I was spending and still do over years later! But I liked what Kim A said, and funny enough is what I'm doing now for my son, he has an account that he can only acces when he's 18, as he is only 4 at the moment, we put aside some of his xmas/birthday money plus 50p monthy savings and shove it in. (doign well so far)
When he's working, hopfully I can keep that going and hand him a nice starter when he's 18.
Thats the plan!
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Question Author
hi pix, I was the same....I used to moan like hell handing over that tenner and she used to give me it back during the week lol
My daughter has left school and doesn't start college till august, I don't get tax credit for her now and she has a part time job....I've been letting her keep her full wage each month but I'm now missing the tax credit money but I don't know how much to ask her for!
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Hiya Sandra :-)
Wasn't the old rule of giving board a third of the wage? The idea being, you paid a third, saved a third an spent a third?
Sadly the real case is that no matter how much or how little board they do give you ,they "borrow" it back during the week anyway, so you're never actually better off!
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I still do, sandrajo. :) I don't begrudge it, though. I moved out for three months last year, but then had to move home just before Christmas because one of the girls I was living with was a pig (one of the many reasons). My mum said she's chuffed to have me home as I pay my way, buy my own food and I'm a clean freak. I've done my own cleaning, washing and cooking since I was about 15, too. I think it's done me good.
My boyfriend on the other hand, pays £25 per week and his mum still makes his packed lunch for work!
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Oooh! I wasn't ever allowed to borrow any back. That was part of my agreement with my mum. If I overspent, that was my look out and she never bailed me out. To this day, I've never been overdrawn, never had loans or HP and am a really good budgeter, which has always come in handy.
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Question Author
This is the thing she keeps her money and I still give her money when she spends hers on rubbish. I know I'll end up giving her it back but at least it's the money she gave me and not mine (if you know what I mean) .
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Why do you need to give her anything back at all, sandrajo? If she pays you for her keep use it towards keeping her! I've never had a penny back from my mum and wouldn't expect to, either. If I'm low on money I make do without something else. She'll do better for it later on.
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Question Author
Thanks whiskeysheri, I know your right. I'm just going to have to sit down and talk to her about it. She's a good kid and I know she'll understand. We'll just have to budget : )
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first wage I got was £15 . I paid £5 tax £5 to my mum and £5 for a moped . that was in 1973
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My first job was £47 a week, and I paid my mum £10 a week keep.
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