This Mom’s Post About Charging Her 5-Year-Old Daughter Rent Is Going Viral
Most parents are familiar with the concept of teaching kids to be financially savvy by giving them a weekly or monthly allowance, and then helping them spend the money wisely. It teaches them to save up for big purchases, motivates them to avoid impulse buys and helps them learn the value of money. But one mom from Atlanta, Georgia is taking things a step further. In a post shared on Facebook on January 14, which has since been taken down, Essence Evans wrote that she charges her 5-year-old daughter rent every week. “ Every week she gets $7 dollars in allowance ,” Evans wrote in her post. “But I explained to her that in the real world most people spend most of their paycheck on bills with little to spend on themselves. So I make her give me $5 dollars back. $1 for rent $1 for water $1 for electricity $1 for cable and $1 for food. The other $2 she gets to save or do what she wants with.” Talk about preparing a child early on for the ways of the world...
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