How old were you when you moved out of your parents's house? I was 18 years old when I moved away to university. I lived in residence for a year and then got my own apartment. It was a big of learning curve, because I was so used to having everything done for me. But the biggest issue I ran into was money. I never realize how much everything cost and had no concept of a legitimate savings plan.
Now of course, my parents tried to tell me to save and that I'd need money in the future, but it just never stuck with me. "Why would I not spend the money I have right now so that I can spend it in the future?" It didn't make sense.
One mother in Georgia decided to teach her daughter about rent and expenses in an interesting way, and by all accounts it's a decent idea, but there's one thing that people have an issue with: she's 5.
Essance Evans posted on Facebook about charging her 5-year-old daughter rent, and it's already been shared more than 319,000 times.
"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 🤣
SHARE THIS ON YOUR TIMELINE FOR ANOTHER MOTHER TO SEE."
It's an interesting idea, essentially starting a savings account for her daughter while still teaching her the reality of the world.
Of course, as with everything else on the internet, people had opinions on Evans's parenting technique.
Evans hasn't posted any explanations after her original post, but has been sharing the links to each of the news stories she appears in. She seems to be standing by her decision despite her critics!
What do you think of the mom's decision?