00:00My parents bought their house at a time where houses cost about 50 cents and a
00:06packet of chips, so no, I didn't have to pay board. I did do the dishes like once
00:11a year, so I think that helped out a little bit as well. But what we're
00:15finding is that a lot of young Australians are staying at home a lot
00:19longer, you know, further into their 20s they're living at home with their
00:23parents and at a time where cost of living is, you know, going through the
00:28roof and those sorts of things, there are extra financial pressures on parents
00:32but also on young people, hence why they're staying at home. And a lot of, you
00:37know, parents and people are asking the question, when is the right time to pay
00:41board? You know, is the teenager, is the young adult earning a living? Can
00:46they help out around the house? Do the parents need them to help out around the
00:49house? These are the sorts of questions that are being asked and we asked people
00:52out on the streets what they thought. I think cost of living has like
00:57increased a lot, so it's very difficult to go out on your own. I think it really
01:02depends on the situation, like whether the parents are making them enough money
01:06or if the children actually have a job that can sustain and support them like
01:11that. Like if they're working full-time I'd expect them to pay board at a
01:15certain age, like maybe above 21. I mean to an extent it can be like good, it can
01:20be like teacher, you know, teaching you for the real world but I'm kind of biased
01:23because I don't really want to pay rent to my parents. If my kids are
01:27living under my roof I think it's my responsibility to provide for them but
01:30if I did take board maybe I'd put in a savings account for them or something. If
01:35your child is like viable and earning money then it's like fair to ask them to
01:38trip in a bit. How would you feel if you had to start paying board? Oh I'd feel
01:44poor. Yeah I don't feel I'd have that much money left. You wouldn't? Nah. I think it's all
01:49about having a discussion as a family, you know, take into consideration is your
01:55teenager, is your child earning enough to be able to chip in and help out
01:59around the family. If they're not working full-time, if they're still studying, are
02:03there different things around the house that can, you know, ease the burden in a
02:07little way, you know, help out with the household chores. We spoke to some people
02:10within the story and they said look we're not making our daughter pay board
02:15at the moment but what we are doing is making sure she chips in around the
02:19house. But the other thing a lot of people spoke about is that it teaches
02:23kids and it teaches teenagers and young adults good financial literacy. So I
02:28think one of the answers that we had for Voxy's is that although I wouldn't make
02:33my child pay board, maybe I would make them chip in a little bit and put it
02:37into a savings account and teach them good financial literacy. So there are
02:41lots of different reasons why it might be a good idea to pay board.
Comments