By Grace Vasquez
Charge your kids rent? Some parents do. Charge your 5 year old kid rent? There’s a first!
This Georgia mom is getting praise by many for charging her 5 year old daughter rent. Now, before you get upset let’s explain how she does this and why.
Essence Evans says it’s never to early to teach your kids the value of money, “I MAKE MY 5-YEAR-OLD PAY RENT. Every week she gets $7 dollars in allowance,” she wrote. “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 Essence charges $5 dollars for rent, water, electricity and cable which leaves her daughter with $2. I don’t know about you but two bucks when your five? Wow, that’s awesome!
Now what makes this lesson even better, Essence places all of the “rent” money in a savings for her daughter. Holy Toledo I love this mom!
If only more parents would teach their kids the value of money! Brilliant! ~grace