A mum has come under fire after sharing that she charges her five-year-old daughter rent.
Essence Evans posted on Facebook that not only does she charge her little girl rent, she bills her for water, electricity, cable and even food.
“I make my five year old pay rent,” shared Essence, who went on to explain exactly why.
“Every week she gets $7 dollars in allowance,” 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 I make her give me $5 dollars back. $1 for rent $1 for water $1 for electricity $1 for cable and $1 for food.
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“The other $2 she gets to save or do what she wants with. Now, 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.
“So if she decides to move out on her own she will have $3,380 to start off. This strategy not only prepares your child for the real world. But when they see how much real bills are they will appreciate you for giving them a huge discount.”
Some people quite liked the way she was teaching her daughter financial stability, “She is at least teaching her responsibility instead of just giving her money to spend out. Five is a good age. It doesn’t say anywhere that the child isn’t allowed to be a child. She is just teaching her responsibility early on.”
While others thought it was far too young to start off worrying about money.
“I see your point, but she is too young to have to worry about finances,” posted one.
“Good way to stress kids out. That’s not allowance if it’s rent. Not trying to offend you. I pay for electricity, clothing and food because it’s neglect if you don’t. It’s part of your parental obligation. Your idea is better for a teen who is working.”
“Let kids be kids for a while. Grownup issues are for grownups. Period. She is five,” she wrote.
Her post has been shared over 295K times and received over 41K comments.
What do you think? Is this mum teaching her child great life skills? OR starting off a bit too early with financial stress?
Share your comments below.