how much board to charge children, page-23

  1. 936 Posts.
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    I agree with cerhob...don't charge them anything provided they are not spendthrifts and have a purpose in life for their savings.
    We did not charge our daughter board at all for the 5 years she stayed with us after highschool (3 years at Uni & p/t work, plus 2 years full time work+ p/t study). She was very prudent and a strong saver (even while working p/t she could still save). When she married she had saved $50,000 to add to her fiancees savings towards a house deposit.
    If we had charged board that would not have been possible.
    I would much rather see my children get a kickstart into the property market instead of paying board.
    Cheers
 
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