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Can you remember when you had to hand in dig money?
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Or how much your kids gave you to keep them once they started earning their own money?
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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.
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!
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!
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!
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!
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!
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!
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!
My boyfriend on the other hand, pays �25 per week and his mum still makes his packed lunch for work!
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