Can parents compel children to give them money?
<p>In other words, can parents force children to agree to fines by threatening them with a loss of privileges?</p>
<p>I know that parents cannot take money from their children as shown in <a href="https://law.stackexchange.com/a/24474/48352">this answer</a>. However, that says nothing about compelling children to give them money through privilege restrictions or other means.</p>

<p><strong>Can children own money?</strong></p>
<p>That is a complex question in many legislations. Children may be able to own money and other property, in their own right, yet be under the legal guardianship of their parents.</p>
<ul>
<li>Parents can generally control how minors spend their money.<br />
(A child saying <em>&quot;Great-uncle left me a million bucks in his will? Great, let's buy a hundred tons of chocolate.&quot;</em> would be blocked by the parents and that would be upheld by a court.)</li>
<li>Parents may be required to take care to preserve the property of their children.<br />
(A parent saying <em>&quot;Great-uncle left you a million bucks in his will? I'll invest it in lottery tickets, one of them is bound to be a winner.&quot;</em> might be blocked by a court.)</li>
<li>Children with their own income may be required to contribute to household expenses.<br />
(A parent saying <em>&quot;So you got a summer job? Put your wages into the tin for the summer rent.&quot;</em> may be upheld by a court.)</li>
</ul>
<p>In your specific case, it would matter where you live, where the money comes from, and possibly how old you are.</p>

property