Some Michigan parents are on the fence about whether or not they should make their adult child pay rent.

Charging your adult child to pay rent is subjective and depends on various factors including a family's financial situation, family dynamics, beliefs, and the overall goals of the parents.

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This is completely opinion based and while I believe there are many key benefits to charging your adult child rent, I do understand that some parents may prefer not to. Some parents may instead want to provide support and focus on their education, career, or financial stability.

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This is Why Michigan Parents Should Charge Adult Children Rent

This is the best way to teach financial responsibility at a young and encourage independence in adult children. By charging rent, you can help your kids develop budgeting skills, learn the value of money, and prepare them for the responsibilities of living on their own. These are some of the most important things that you can teach a young adult.


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Instead of spending the rent money, parents can hold onto it until their child is ready to move out. Then, they can surprise their child by giving them the accumulated rent money to help kickstart life on their own. This money can be used for a down payment on a place, purchasing furniture, or simply saved in an account. This approach also instills the importance of saving money in adult children.

Keep in mind, we're talking about adult children that are either going to college or that are starting a career. If you have an adult child that isn't going to school or they've already graduated and they're in their mid-20s...they should absolutely be paying rent.

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