Eh, I prefer to teach my kids good saving habits rather then do it for them. They don't learn squat that way.
April 10 at 4:22 PM
It might sound like a great idea to you, but you really need to sit down and let them know why you are going to charge them (a minor that by law you have to provide for) to live in your home. I paid rent until I moved out, and my mother never gave any of it back because my brother (who was an adult at the time) maxed her credit cards and she had to use my money to pay for them. In other words you never know what may come up and might force them to pay for other peoples mess ups.
Really why are you wanting to force them to pay while they are still in school and might only end up making 50 a week after taxes?