What is a fair amount of board to charge?
When it comes to determining exactly how much board to charge your children, Sandercock says there are a couple of different approaches – charge a percentage of what they earn (20-25 per cent is common), or charge a percentage of the costs (work out the costs for food, power, transport and housing and charge a
How do you calculate room and board?
Reasonable Estimate If more than one person occupies a single room, divide the assumed value of the room by the number of people who occupy it. Add the assumed value of board to this figure. If one person occupies more than one room, multiply the assumed value by the number of rooms occupied.
How much should you pay your parents for rent?
You don't need to charge the same amount he or she would pay to live in an apartment in your town. About $100 or $150 a month would do just fine. The money a child contributes to rent could go toward paying household bills. If you use this method, be sure to share with your child how you are spending his or her money.