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Sunday, 21 January 2018

Mom blasted on social media for making her 5yr old daughter pay rent..but read her logic for doing so and see if it makes sense!



Mom blasted on social media for making her 5yr old daughter pay rent..but read her logic for doing so and see if it makes sense!
Essence Evans was blasted on social media after she wrote a piece on how she makes her 5 year old daughter pay rent in her house. She explained that she does it to teach her daughter the importance of money and preparing her child for the real world. Read what she wrote below and tell us if you agree with her or not...
Here’s Essence’s full post:
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 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. 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
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