Dad with young adult advice needed.
My son is 19 and just finished first year of college, he goes full time nights. I got custody of him before his senior year of high school. He is a very good young adult and has always been a good kid all his life. We have a very good relationship and always have. He is Manager of a local fast food place in town, ya I know, 19 and already Manager, told you he is a good young adult all around. I don't like some of the friends he is now hanging around with for various reasons which I will not get into since it has nothing to do with my question but he is an adult and hope he makes the right decisions with some guidance from me. He has allot of money saved and has always been a good saver, I will just say he has enough to buy a new car cash but not the one he wants. He is saving up to buy this car cash which at the time when he is ready to buy and if he gets 0% interest I will give him some fatherly advice. My question is now, I think it ready for him to chip in on the living expenses, after all he is an adult and I think it will teach him it's not free to live and also teach him how to manage his savings vs. spending vs. living expenses, he is spending allot more then saving lately. This will also free up some of my money so I can enjoy more of life then I am already, money is kind of tight for me right now. About 6 months after he graduated high school I had him pay for 1/2 the cell bill, later 1/2 the propane bill (winter only usually) and lastly 1/2 the electric in that order over the last year. Paying 1/2 the electric stopped him from leaving the door open, heat up to high and stuff (good lesson #1). Now I think it ready for him to chip in with some of the other living expenses. I have been thinking about this for a couple months now but not sure how to go about it or if I really even should. Any advice in this matter would be appreciated