The parents decided that their teenage son should use all of his savings to pay for rent, so he decided to turn to the internet for help.
The parents seemed to be more interested in the teen’s money than teaching him about financial responsibility
“They said I was a stubborn son and they wanted all of it. They said if I didn’t agree, I could leave. So I left,” u/JonKingStone said that he moved in with his uncle, who had given him his job in the first place. “Just snatching an arbitrary amount is theft and nothing else,” one redditor wrote, urging the teenager to get his own bank account ASAP, as well as a lockbox.Broadly speaking, it’s a good idea to teach one’s kids how to be financially responsible. That includes teaching them the value of money, why saving is important, and how investing works.
Even a symbolic amount can help with the costs at home, but you don’t want them to resent you for taking away their meager savings if they’re earning barely anything. Whatever you decide to do as a parent, it’s important to communicate very clearly about this issue. You need to set expectations about the amount they contribute, when they have to pay, and what happens if they miss a payment.
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