It sounds crazy, but one mother has decided to start charging her five-year-old daughter rent every month. But while it might seem out of this world, the way this mother is doing it is entirely respectable. She’s teaching her daughter about responsibility and discipline. And she’s doing it in a way that more parents should start to emulate because it works. Essence Evans decided to share her strange parenting tactic on Facebook. And while some people praise her way of disciplining her daughter and preparing her for the real world, others think she is too hard on the young child.
Essence explains that she gives her daughter allowance, but takes a hefty chunk of it was “rent.”
And while she is charging the girl rent, she doesn’t take back the money and use it to buy something frivolous. Instead, she is putting her daughter’s rent payments directly into a savings account to help build the girl a better future. It is ingenious.
Essence described her parenting strategy in the now-viral Facebook post:
“I make my five-year-old pay rent. Every week she gets $7 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 back. $1 for rent $1 for water $1 for electricity $1 for cable and $1 for food.”
So after her daughter pays for rent and other bills, she has $2 left over to use for herself. She’s learning that money has to go to the important things first and then what is remaining can be spent on something fun, or saved to buy something you really want.
Essence plans to give her daughter all the money she paid in rent over the years back to her when she turns 18-years old.
“So if she decides to move out on her own she will have $3,380 to start off.”
Not only will this prepare her daughter for the real world, but she’ll also have a nice bonus to start with as an adult. She will be entering adulthood with something. She’s have earned all that money and can use it to move out of mom’s house and start her own life.
“When they see how much real bills are they will appreciate you for giving them a huge discount.”
Essence thinks other parents should follow in her footsteps. And many agree.
Melissa Thomas thought Essence was a genius. She wrote:
“You are brilliant for teaching this to your child in this way! I have done similar with my kids, and I am now the proud parent of two young ladies who know and respect what they can earn more than something given to them.”
Another mom wrote, “I did a similar version of this when my boys were little, they have turned out to be amazing men and fathers, great with money, taking care of their children, owning their home, paying mortgages down, staying out of debt.”
Does charging a five-year-old rent sound so crazy now?