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When they turn 18, it’s typical for kids to leave the family home in order to pursue higher education or the workforce.
However, given the present cost of living problem in the UK, that is practically unachievable in this day and age.
When both of our kids were accepted to nearby institutions, we were ecstatic since it meant they could stay at home.
Raj Gill claims that she doesn’t charge her son Jeevan, 19, and daughter Karam, 21, any rent for living at home (the family is shown together in the picture).
I wouldn’t have it any other way because both of my kids have a strong work ethic and understand the value of money. Throughout their lives, they have seen both of their parents put in a great deal of work.
My oldest child, Karam, found a job as soon as she was old enough to do so. She saved a lot of money instead of wasting it. This gave my younger kid yet another excellent example.
Karam, 21, is a recent fourth-year university student who interned throughout the summer. After returning to school, the company offered her a part-time position and volunteer opportunities.
In addition, Jeevan, 19, is a recent second-year university student who works two jobs and volunteers.
Both of them are decent youngsters who rarely have free time since they are always busy and involved with their jobs, schoolwork, volunteer work, sports, and obligations to their families and friends.
They put a lot of effort into earning money and recognize its worth. Perhaps I wouldn’t have the same attitude if they were the kind of youngsters that wasted money.
Fortunately, they are not; they have continuously demonstrated their responsibility to us. They hardly ever ask us for anything, thus they are not entitled.
Kids already have enough stress these days, so I don’t see why I would want to add to it.
Don’t get me wrong, we currently make four times as much as we used to. If a circumstance arose where we did require their assistance, I have little doubt that they would both.
Pictured are Jeevan and Karam, Raj’s son and daughter, who are presently enrolled in college.
This is their house, not a place they rent. At least they will have some kind of nest egg to help them get on their feet when they eventually need to mature.
Sincerely, I’m not sure how they’ll be able to climb the property ladder without parental assistance.
For the younger ones, things are becoming increasingly challenging these days. Because they essentially cannot afford rental housing, most of my children’s peers still live at home, rent-free.
My initial real estate purchase was made possible by a guarantor, which allowed me to climb the property ladder. However, that program is no longer in place.
Thus, it’s crucial that I let my kids save as much money as they can.
Can you image if I charged them rent and they began to try to enforce their renter rights? I’m all about “my house, my rules.”
In order to assist the house function as smoothly as possible and to teach the kids responsibility, the kids constantly have chores.
All four of us are extremely busy with work, school, and family obligations, so everyone must pitch in and do their share.
Fortunately, we don’t currently need their financial assistance. I place far greater value on my kids earning their own money and developing a strong work ethic so they can build a nest egg and support themselves as adults.
And we want children to know that no matter where we are, they always have a place to call home, regardless of their financial situation. I was raised that way.
The 19-year-old Jeevan is a second-year university student who works two jobs and volunteers (see Raj and Jeevan together in the picture).
We are South Asian, and it used to be common for a daughter to move from her father’s house to her husband’s, avoiding rental housing entirely. This was because it was also common for sons to stay with their parents, again without having to pay dig money. The long-term idea behind that is that the children will then take care of their parents as they age and inherit the money, property, etc.
I was raised believing that my parents’ house was also my home, yet since I was a youngster, there was no rent. That’s just the way I was raised; it’s not entitled.
As soon as we could, we worked with my parents, who immigrated to Britain in the early 1970s and have a very strong work ethic. We learned early on the importance of hard graft and money.
Back then, families came together, worked together, and took care of their homes. Today’s youth are finding it increasingly difficult, and as a parent, I don’t want to add to my kids’ stress by having them worry about how they’re going to pay for their rent.
Every family has a unique set of circumstances, therefore we must act in their best interests.
I’m hoping that by not charging them rent, they’ll become financially independent in the long run.
And in the end, it strengthens the ties inside the family. Instead of taking any old job to make ends meet, it enables people to concentrate on jobs that match their skill set.
We are enabling them to concentrate on their professional development, well-being, and personal improvement, as financial stress can have a detrimental effect on mental health.
Our goal is to strengthen the ties that bind generations of family members together.
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