Don't Charge Teenagers Rent

Frances has teenage daughters who work in the family business. Her husband wants to charge them rent. Dave thinks her husband is out of line on this one.

QUESTION: Frances in Orlando has two teenage daughters who work in the family business. Her husband wants to charge them rent to adjust them to life outside the family home. Frances disagrees. Dave thinks her husband is out of line on this one.

ANSWER: I think you’re about 99% ahead of most people out there in getting them used to saving, giving, and spending properly. These are some bright girls. They are hardworking girls.

No, I don’t think a 16-year-old pays rent. Your husband’s over the top. With a 26-year-old, that’s another thing. That’s going to be about $11,000 a month. You’ve got to leave. But 16? No. Your job as parents is to provide housing for your children. Shut up.

I get what your husband is doing. I did the same thing, and people said we were over the top, too, so I can’t really say too much to him. I did the same thing in that what I was doing was I was trying to create teachable moments where kids learn to work, give, and save so they don’t live in your basement until they’re 30. You want to teach them how to fly. He’s trying to do that, so I appreciate his motivation, but I think he’s pushing it over the edge. I think he could do some other things, and I think these girls already know how to give, spend, save, and work. If you can learn those four things, you can become wealthy, because I meet 54-year-olds who can’t do that. While I appreciate his heart, tell the drill sergeant to back off a notch.