Can your parents take your money before 18?

Can your parents take your money before 18?

In the US, in most (if not all) jurisdictions, your parents are allowed to take much of your money until you turn 18. If you have a job, in some states they can take all of the money, in others they can take a percentage of it, up until you turn 18. Then they would have to turn it over to you at an appropriate time.

Can you pay for your own phone at 16?

The Law. A minor does not have the right to sign a legally binding contract of any kind, including a cell phone contract. If a 16-year-old wanted to own and operate a cell phone, she would need someone over 18 to sign the contract associated with it for her.

Can I buy a phone at 15?

It’s not a restricted item, so anyone of any age can buy a phone. It will probably have to be Pay-as-you-go as you won’t be able to enter into a contract until you’re 18.

Do you have to be 21 for tmobile?

Signing a contract plan requires 18 years of age.

Do your parents have a say in how you spend your money?

But(Continue reading) Since the money is your money they have no say in how you spend it. They don’t have to give you permission to use your own money. You do what you want when you want how you want to do it and their station in life is to stay the hell out of it.

Do your parents have to give you permission to use their money?

They don’t have to give you permission to use your own money. You do what you want when you want how you want to do it and their station in life is to stay the hell out of it. You’re an adult, stand up and act like one. Finance – is most often a topic rarely discussed and myriad of mystery.

Do you have the right to spend your own money?

As per the specific situation – you earn your own money, you have the right to spend it at your leisure. Your parents may wish to dissuade you from making a foolish purchase, but it is ultimately not their decision to make.

How can I convince my parents to give me an allowance?

If you are 13–17 try to talk with your parents, ask for a allowance or something similar. If you are 12 and under, just wait till your 13. This is tough because they obviously want the best for you and want you to save money but not letting you spend any is a bit excessive.

https://www.youtube.com/watch?v=uuEmNDpsskg