Adult Kids At Home: Should They Pay Rent?
The concept of adult kids living at home and paying rent is a bit of a controversial one. Some people are adamantly opposed to it, while others consider it essential. What most people will agree on is that it is somewhat situational. For example, some parents hold that adult children who have just had a devastating life event need a safe haven where they can get their bearings; however, they will charge their kids rent if they feel they are in a financial position to do so.
Here are some of the situations where most parents agree their kids should pay rent:
They Have the Means
If your child is living at home and earning money, he or she is in a position to pay rent. This can be an introductory exercise to help your adult child get a handle on how money works.
They Are a Bit Too Comfy
Many parents will charge an adult child rent if he or she seems a bit too comfortable living at home. Maybe he is playing video games all day, or perhaps he is staying out late with friends and sleeping until noon. Many parents will charge rent if they feel their child needs a dose of reality, or a nudge toward getting out on their own.
A Matter of Practicality
Sometimes, it’s just a practical matter – Mom and Dad need the financial contribution, and it’s just common sense to help pay for what you’re receiving, whether it’s room and board or groceries. Sometimes, it’s just necessary for the family to function.
Let’s face it – some adult kids living at home need a dose of reality. Maybe they’ve been too sheltered, or are used to having things handed to them. Charging them rent is a good way to introduce them to the reality of the modern world – nothing’s free.
Learning to Contribute
Whether it’s your local community or workplace, learning to contribute to a functioning group from which you draw benefits is an essential life skill. Your adult child needs to understand that he or she ought to give back to the family and community from which he or she receives. In the workplace, this attitude toward contributing can make or break a job opportunity.
It’s worth noting that a child who seems incapable from getting out on his or her own may lack confidence. If your child does not feel equipped or feels incapable and incompetent, he’s going to be reluctant to strike out on his own. He just may not think he can. So it might be a good idea to spend a little time building confidence, and charging rent is a way to do that. Your child will see that he can, in fact, pay rent and be responsible, thus building up his sense of competence.