The Mum Who Makes Her 5-Year-Old Pay Rent Is A Genius
This mum's Facebook post has gone viral today.
I MAKE MY 5 YEAR OLD PAY RENT. Every week she gets $7 dollars in allowance. But I explained to her that in the real...
Posted by Essence Evans on Sunday, January 14, 2018
She's teaching her five-year-old daughter the importance of money by making her 'pay rent'.
And parents across the world are praising her for preparing her child for the real world.
(Pic: Facebook/Essence Evans)
'I make my five-year-old pay rent,' she writes. 'Every week she gets $7 dollars in allowance. 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.
'I make her give me $5 dollars back. $1 for rent $1 for water $1 for electricity $1 for cable and $1 for food,' she said.
After her 'bills' are paid, Essence's daughter can choose to save the remaining $2 or spend it how she pleases.
However, unlike most landlords, Essence isn't keeping the money herself. She is tucking it away for her daughter's future.
'What she doesn't know is the $5 is actually going away in her savings account which I will give back to her when she turns 18,' she explained.
(Pic: Facebook/Essence Evans)
'So if she decides to move out on her own she will have $3,380 to start off.'
