Daughter is 16. She's a good kid and i'm very proud of her.
She's at college for 2 years studying travel and tourism. She also has several part time jobs including waitressing in he local, working in New Look and some cleaning for a friend. She has no travel expenses as she walks to college.
She does live at home but spends most nights at her boyfriends.
Presently, she doesn't pay us a penny in "keep". But i think she should contribute to the household...and my wife doesn't.
I earnt £40 a week as a 16 year old and paid my folks £10 a week.
My daughter spends her money on clothes, haircuts, new fingernails etc etc...she doesn't save a penny. I cook her dinners and buy all food, toiletries etc, she also has sky multiroom in her room and she does sod all around the house.
My parents spoil her rotten, they're saving up for her driving lessons, first car, insurance etc and have around £5k for that so there's no incentive for her to save.
I think she should be contributing around 15% of her wages per month.
As your daughter is still studying and not earning a full time wage, then the situation must be a bit 'flexible' .... a small amount just a token, so she has the idea that saving is a good thing ... an idea which took a while to sink into my two !!
16 years old, she is still at college, several part time jobs, spends her money on clothes, haircuts, new fingernails, she sounds brilliant to me, she is funding exactly what 16 year olds do. Thanks your lucky stars you are not paying for her clothes, haircuts, new fingernails.