What teenagers should pay for?

Here are some things I think every parent should require their teenagers to pay for:

• Meals out with friends.
• Gas, insurance and maintenance on the car you ALLOW them to use.
• Cell phone overages.
• Lost items.
• Party clothes.
• Silly, preventable, stupid mistakes.
• Gifts.
• Donations.

What age are your parents legally responsible for you?

A parent has no legal or financial responsibility after their children reach the age of majority. In California, that age is 18. Parents can, however, contract to obligate themselves to provide for children after he age of majority…

Why do my parents always ask me for money?

There are many reasons your parents may ask you for money. Some are valid reasons, and others, not so much. Sometimes the unexpected happens. Your parent may find him or herself out of a job and in need of money. Our neighbor, Rob, worked hard all his life.

Would you give money to a child who is in trouble?

Sometimes that means parents giving money to children, and sometimes it means children giving money to parents. The relevant criteria is not age. Of course if you’re of the opinion that someone is in trouble primarily because they’ve been acting dumb you might be less inclined to help out than if they’re in trouble despite doing their best.

How to deal with financially Toxic Parents?

The answer to how to handle financially toxic parents depends on both you and them. There are many reasons your parents may ask you for money. Some are valid reasons, and others, not so much. Sometimes the unexpected happens. Your parent may find him or herself out of a job and in need of money.

Is it bad to borrow money from your parents?

You’re not allowed to borrow money from your folks because you want cooler stuff. If you have a job, and it pays fine, and you’re still borrowing a significant portion of your income from your parents then you might be suffering from a disease called Living Beyond Your Means.