Mission: Financial Indy, Part Two
RENT: I decided to start paying my parents $500 a month. Why this amount, when I was looking at a condo for $1100? First, I’m only renting a room, for the sake of comparison. I don’t have free access to the kitchen, and I can’t have people over whenever I’d like. This is very convenient and comfortable, and I love my suite, but $500 seems fair.
WORKING FOR DAD: I’ve mentioned before that I work part-time for my dad’s company. Since last fall, it’s been paying me $500 a month. So in the interest of getting my dad to approve the whole me-paying-rent thing, I suggested a compromise.
SOLUTION: He’s taking me off the payroll. I’ll still work for him, and he’ll still let me live here. It’s a good deal for everyone: I feel like I’m contributing, he has a lower payroll and we’re both happy.
Plus, I take comfort in knowing I’m not charging him much by living here. They’d still heat my room if I didn’t live here, and my water/electricity is minimal. I’m hardly ever home, to be honest!
Filed under budgeting, buying/renting |
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