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.'


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