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Sunday, January 21, 2018

Meet world youngest tenant ever, she pays rent at age five


A young champ identified as Essence Evans of about 5 year old is currently trending online after her mom made her pay rent in her own house.

According to her, she’s teaching her 5-year-old daughter the importance of money and preparing her child for the real world.

She went on Facebook and shared that she takes the majority of her daughter’s allowance for “rent” while secretly tucking the money away in a saving account for her little girl.

She wrote ;

“I make my five-year-old pay rent,” she wrote. “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.”

Now many a person on social media are criticizing the mom for making her child “pay” to live there. Others say it’s a good life lesson.

What do you think???

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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