SOCIAL TRANSITION PASSPORT | Teens, Employment & Household Contributions
- D. M. Wright
- Feb 21
- 2 min read
Updated: May 22
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THE YEAR YOU TURN 16
Create your resume
Apply for jobs in person (Minimum 4 jobs per month)
Apply for jobs online (Minimum 4 jobs per month)
Once employed, this should be your breakdown of where your income goes:
Household Contribution
- 10% of your wage should pay the household to assist with mortgage, rent and bills.
Savings
- 10% of your wage should be saved for your future vehicle and/or future household purchases (for example, furniture, crockery, tools, etc...)
- 5% of your wage should be saved for your future home
Total contributions and savings from your wage
- 25%
Spending money
- 75% of your wage is left for your own use
THE YEAR YOU TURN 17
Household Contribution
- 15% of your wage should pay the household to assist with mortgage, rent and bills.
Savings
- 20% of your wage should be saved for your future or current vehicle and/or future household purchases (for example, furniture, crockery, tools, etc...)
- 15% of your wage should be saved for your future home
Total contributions and savings from your wage
- 50%
Spending money
- 50% of your wage is left for your own use
THE YEAR YOU TURN 18
Household Contribution
- 20% of your wage should pay the household to assist with mortgage, rent and bills.
Savings
- 20% of your wage should be saved for your future or current vehicle and/or future household purchases (for example, furniture, crockery, tools, etc...)
- 20% of your wage should be saved for your future home
Total contributions and savings from your wage
- 60%
Spending money
- 40% of your wage is left for your own use
THE YEAR YOU TURN 19
Household Contribution
- After deducting contributions from those in the house who are under 18, home mortgage or rent is split equally between all adults in the house.
- After deducting contributions from those in the house who are under 18, household bills are split equally between all adults in the house.
Savings
- 20% of your wage should be saved for your future or current vehicle and/or future household purchases (for example, furniture, crockery, tools, etc...)
- 25% of your wage should be saved for your future home
Total Savings
- 45%
Total contributions and savings from your wage
- 45% savings on top of the equal share of mortgage/rent and household bills.
Spending money
- Whatever is left. Welcome to adulthood.
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