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close up view of a hand holding bank notes

One Georgia mom recently shared her technique for teaching her child about the value of a dollar. Essence Evans asks her 5-year-old daughter to help pay rent, she said in a Facebook post that has gone viral.

But how does the 5-year-old have rent money? Well, Evans gives a $7 weekly allowance to her child, expecting her to give $5 back for monthly expenses.

“[It’s] $1 for rent, $1 for water, $1 for electricity, $1 for cable and $1 for food,” Evans wrote about what she tells her daughter about the money. “The other $2 she gets to save or do what she wants with.”

The story that Evans tells her daughter about where her dollars are going is not true, she said. She actually puts the $5 in a saving account for her child. She wants to teach her daughter about financial responsibility and help to prepare her for the real world, she said.

“This strategy not only prepares your child for the real world,” the mother wrote. “But when they see how much bills are they will appreciate you for giving them a huge discount.”

Evans’ post has many folks talking online. As of Tuesday, her post has been shared more than 321,000 times with  45,000 comments. A lot of the posts give props to Evans’, calling out her “good intentions” and “need” to teach her daughter about financial management at an early age.
“Evans Essence I LOVE your method of training! The Bible says It’s supposed to start from infancy not wait until later in life. If the process continued through secular education throughout, children would have an even better chance in life. I applaud you, along with the many others that appreciate your share,” Katie Blair, a Facebook commenter, wrote.
The flip side of the debate questions whether Evans’ approach is inappropriate given her daughter’s young age. But the overwhelming response is positive, with many folks having co-signed and expressing their desire to practice similar parenting techniques. They are unapologetic about their praise, too.

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Georgia Mom Makes 5-Year-Old Daughter Pay Rent was originally published on newsone.com

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3 thoughts on “Georgia Mom Makes 5-Year-Old Daughter Pay Rent

  1. Saturn on said:

    I applaud you and the commitment to teach your daughter about fiscal responsibility. Those who have sons should implement those same or similar principles!

  2. Public Schools would have the students open up savings accounts during the school term.
    I remember having the Savings Passbook which contained all of the deposits into my
    savings account.

    By the time I graduated from middle school, I had accumulated a nice sum of $$$$.

    Children need to be taught how to handle $$$$.
    Kudo’s to this Mom for teaching her daughter the VALUE of $$$$$.

    Since the schools no longer do this-IT IS UP TO THE PARENT’S!!!!!!!!!!!!

  3. specialt757 on said:

    I don’t really know how I feel about this. On the one hand, I do think there is a need to teach fiscal and financial responsibility so that our children aren’t raised with a since of entitlement. I do also think that at the same we should teach our children about entrepreneurship and to be good stewards with our money.
    There was no mention of any chores this 5 y.o. has to do in order to receive an allowance. I’m not mad at the mother for teaching her daughter how to be responsible, I hope other things are being taught as well, like how to invest or save wisely, however the list is endless.

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