Mum sparks huge debate after revealing she asks her five-year-old daughter to pay rent
Some think Essence Evans' idea is amazing, while others are very against it
A mum has gone viral after revealing that she makes her little girl contribute towards household maintenance.
Essence Evans explained herself in a lengthy post on Facebook, arguing that she's preparing her five-year-old for the 'real world'.
'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', she wrote.
Essence then went on to say that there's another motive behind her decision.
'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 🤣.'
https://www.facebook.com/iamessenceevans/posts/10213215984667317
As you might well expect, the mum's status attracted a lot of attention. Despite only posting it a few days ago, it's already had a staggering 303,000 shares.
GoodtoKnow Newsletter
Parenting advice, hot topics, best buys and family finance tips delivered straight to your inbox.
Many praised Essence's efforts, with one saying: 'Love this...wish I had been smart enough to do this with my kids!!!!!'
Another agreed: 'I actually love this!!'
Others were not quite so complimentary of the idea, arguing that at just five years old, Essence's child doesn't need to learn about the value of money just yet.
'Sorry but this is a no from me a little too young', quipped one user.
Another added: 'Omg this is ridiculous. I never gave my son any allowance. He would sometimes get money from grandparents as a gift, or from losing a tooth and he was allowed to do whatever he wanted with it. He's an adult now and now responsible with money than I am! He has savings, investments, and pays his own bills. There's no reason to teach a 5 yr old that the world will take your money all the time.'
What do you think? Is five-years-old too young to learn about money? Let us know in the comments!
Trusted, informative, and empathetic – GoodToKnow is the ultimate online destination for parents. At GoodtoKnow, our mission is 'simple': we're trying to make sense of parenthood. On the site, you'll find everything you need for a happy, healthy family life. Our huge archive of content includes more than 18,000 articles and 1,500 how-to videos. These include expert-backed advice features on parenting, dealing with relationship changes after having a baby, self-care for mums and managing your family finances. We also feature tried-and-tested product reviews and buying recommendations for every stage of family life - from prams and Moses baskets to birthday gifts and top toys.