How much care, trips to appointments, scheduling etc does the senior need?
I cannot make sense of this "...3 children and my mom has no young children..." Are the children school aged?
If I have this straight in my mind. The family consists of parents, their three children and a senior, one of the parent's Mothers. The family wants Mum to contribute to the household by paying rent.
In my mind, Mum should be paying rent, her share of the utilities, groceries etc. She should be covering all her personal expenses. Arranging her own transportation to and from appointments, shopping and social trips.
If you are on Medicare at 61 are you receiving Social Security Disability? HUD figures 30% of your monthly income for places they rent. So if ur bringing in 1000k a month, about $300 would be what HUD would require. Maybe something to help with groceries. You will need to pay for ur own prescriptions, toiletries and any supplimental insurance if not on Medicaid. Any special foods, u pay for. Your clothing. I don't see where the electric, heat and cable/WFII would go up because you are there. It all depends on what you can afford. If you are on SSD, doubt if you get all that much so paying for care is not even on the table. Maybe, you could get Medicaid "in home" and get an aide.
I agree that a contract needs to be written up to protect your family if you ever need to be placed with Medicare paying for your care. Medicaid has a 5 yr look back and the amt u give ur family maybe questioned and you want to be able to prove it was room and board.
I have a Smart meter for my electricity. I can see by the hour my consumption. When my son comes home, my electric bills go up by $30 per month minimum. Extra showers, more laundry, another computer running, more loads of dishes through the dishwasher, you get the idea.
My water bill which is also based on a meter goes up too.
Until recently my WiFi had a cap, not it is unlimited. His use put it over the cap a few times into extra billing.
There are several ways to figure this. If you have full use of the house and any items in the house then 1/6 of ALL household expenses. That would be all utilities, mortgage, insurance, taxes, food. If you are living with your adult child and her family because you can not care for yourself and are depending on your adult child to care for you then you should also pay for the care that is being given. Current rate in most areas is $20 to 25 per hour. If this is what is done then I strongly suggest a Caregiver contract listing the care needed and what you are paying. And taxes should be paid on the amount that is paid to the caregiver. A CPA can help set this up.
If you do not have full use of the house and you are limited to specific times in many parts of the house then you would be paying only for the room or rooms you are living in. Might want to check in the paper or on line to see what rooms are rented for. Adjust payment to reflect that.
If you are physically able to participate in household duties and you are living with them so that they can manage to keep their house that is another thing In that case. If both adults are working and you are not then do what you can around the house to make things easier. Do what you can to help the kids Do NOT tell your adult child and their spouse what they should do, how to discipline their children. Give them space and time to be a family unit. Do NOT expect them to entertain you, pick up after you, do your laundry, clean your bathroom.
If it is possible, if there is room and if it is affordable if a basement can be turned into a legitimate In-Law suite pay to have that done. It would give you room for yourself. It will give them space for themselves.
A bit confusing...so you are the parent who is being charged rent?
You said: "About Me" D Whitey I'm the elder person wanting to know how much I should pay for rent when there are 3 adults and 3 children who live here. I don't have any young children.
In answer to your question: Room for rent to an independent adult, (with full house privileges) is different than say room and board; or room, board, and receipt of caregiving.
If you are only 61, why are you renting a room from your family? If you are there to help them keep their home, be generous. If you are being accommodated for your needs, be generous. If you can live independently for less, go there.
Simply dividing the mortgage by how many persons living there will not adequately reflect your family's expenses. Simply dividing the number of occupied rooms will not reflect the mortgage expense, insurance, property taxes, utilities, gardening, home maintenance, cable, T.V., phone and internet, etc.
I suggest (if this is working out for you and family) you can research the local going rates for room rentals (nothing under $700/mo. in my area) and go from there, adding to that shared groceries, maintenance etc.
Keeping in mind that in a facility (such as AL, NH, MC) your SS income would be used except for a small personal allowance of $35-65 for you to spend.
Your profile does not match your post.
Do the three adults include the senior?
How old are the children?
How much care, trips to appointments, scheduling etc does the senior need?
I cannot make sense of this "...3 children and my mom has no young children..." Are the children school aged?
If I have this straight in my mind. The family consists of parents, their three children and a senior, one of the parent's Mothers. The family wants Mum to contribute to the household by paying rent.
In my mind, Mum should be paying rent, her share of the utilities, groceries etc. She should be covering all her personal expenses. Arranging her own transportation to and from appointments, shopping and social trips.
I agree that a contract needs to be written up to protect your family if you ever need to be placed with Medicare paying for your care. Medicaid has a 5 yr look back and the amt u give ur family maybe questioned and you want to be able to prove it was room and board.
My water bill which is also based on a meter goes up too.
Until recently my WiFi had a cap, not it is unlimited. His use put it over the cap a few times into extra billing.
Groceries are higher, more car trips etc.
If you have full use of the house and any items in the house then 1/6 of ALL household expenses. That would be all utilities, mortgage, insurance, taxes, food.
If you are living with your adult child and her family because you can not care for yourself and are depending on your adult child to care for you then you should also pay for the care that is being given. Current rate in most areas is $20 to 25 per hour.
If this is what is done then I strongly suggest a Caregiver contract listing the care needed and what you are paying. And taxes should be paid on the amount that is paid to the caregiver. A CPA can help set this up.
If you do not have full use of the house and you are limited to specific times in many parts of the house then you would be paying only for the room or rooms you are living in. Might want to check in the paper or on line to see what rooms are rented for. Adjust payment to reflect that.
If you are physically able to participate in household duties and you are living with them so that they can manage to keep their house that is another thing
In that case.
If both adults are working and you are not then do what you can around the house to make things easier.
Do what you can to help the kids
Do NOT tell your adult child and their spouse what they should do, how to discipline their children.
Give them space and time to be a family unit.
Do NOT expect them to entertain you, pick up after you, do your laundry, clean your bathroom.
If it is possible, if there is room and if it is affordable if a basement can be turned into a legitimate In-Law suite pay to have that done. It would give you room for yourself. It will give them space for themselves.
You said: "About Me" D Whitey
I'm the elder person wanting to know how much I should pay for rent when there are 3 adults and 3 children who live here. I don't have any young children.
In answer to your question:
Room for rent to an independent adult, (with full house privileges) is different than say room and board; or room, board, and receipt of caregiving.
If you are only 61, why are you renting a room from your family? If you are there to help them keep their home, be generous. If you are being accommodated for your needs, be generous. If you can live independently for less, go there.
Simply dividing the mortgage by how many persons living there will not adequately reflect your family's expenses. Simply dividing the number of occupied rooms will not reflect the mortgage expense, insurance, property taxes, utilities, gardening, home maintenance, cable, T.V., phone and internet, etc.
I suggest (if this is working out for you and family) you can research the local going rates for room rentals (nothing under $700/mo. in my area) and go from there, adding to that shared groceries, maintenance etc.
Keeping in mind that in a facility (such as AL, NH, MC) your SS income would be used except for a small personal allowance of $35-65 for you to spend.
You are very wise to consider your rent expenses.