So, what's the best way to teach your child to be financially responsible? One Mom thinks that charging her 5 year old daughter rent will help.
Here's how this goes. Essence Evans gives her daughter a $7 a week allowance BUT charges her $1 for rent, $1 for water,. $1 for electricity, $1 for food, and $1 for cable. So after all is said and done her daughter gets $2 of her allowance.
Sounds like real life to me.
What's crazy though is that Evans put herself out there on Facebook to open up the discussion, that since she posted it, has gone viral.