“He Has His Rent, Electricity For His Room, And Internet”: Mom Charges Her 7-Year-Old Rent And Bills, Divides The Internet
Parents want the best for their kids. But this doesn’t always mean the little ones get top-quality clothes, the latest toys, or the coolest gadgets. Most likely, it means they want their sprouts to be safe and secure and to have a solid foundation for the days to come. This includes handling money.
“Without a working knowledge of money, it is extraordinarily difficult to do well in life,” Sam X Renick, the co-creator of Sammy Rabbit, a children’s character and financial literacy initiative, told Forbes. “Money is central to transacting life, day-in and day-out. Where we live, what we eat, the clothes we wear, the car we drive, health care, education, child-rearing, gift-giving, vacations, entertainment, heat, air-conditioning, insurance—you name it, money is involved.”
Recently, a mom from Florida has gone viral after she posted a TikTok with a “parenting hack” that has been “extremely successful” in teaching her 7-year-old this lesson.
Image credits: craftedandcozy
Image credits: craftedandcozy
A month ago, we at Bored Panda published a similar piece, only that one was about a 16-year-old. Talya Stone, who is a former editor-in-chief turned parenting blogger and the woman behind Motherhood: The Real Deal and 40 Now What, then told us that kids need to understand money from early on. However, every child is different and each parent needs to cater their approach accordingly.
To help the little ones get started, Stone suggested giving them pocket money and their own wallet from a fairly young age. “Tell them to bring it along on days out, and holidays, and pay for small bits and bobs they want for themselves even if it’s just a bar of chocolate,” she said. “I think I started doing this with my daughter when she was five but this could even be done before. Understanding money, how much things cost, spending power, and how to save is a vital life skill. If your child wants a new toy, instead of buying it for them every time on demand, you can encourage them to save towards it and tell them you will pay for half so long as they do, for instance. This has never been so important in the increasingly materialistic world we live in.”
Image credits: craftedandcozy
Parents should continue teaching their kids about the different aspects of money as they grow older. “Other things to do is take them along to the bank with you and set up a bank account in their name from a young age and have them deposit some of their pocket money in there,” Talya Stone added. “Talk to them about how much things cost when you are in the shops or buying online. Talk to them about what you earn or how much a family holiday or day out costs. We shouldn’t shy away from these things or be embarrassed by them. Open, age-appropriate communication around these things as with other things in parenting is vital. You can also ask to borrow money from them – a dollar here and there – and pay it back so they understand this concept too.”
As they become older, parents can also show their kids case studies of young adults who are both managing money well as well as sharing stories of those in debt.
Equally, as parents lead by example, they should talk and explain how they manage the family’s money and try not to spoil their children with material goods too much.
@craftedandcozyThis has worked wonders in my household….hope it works for you! 💓 ##parentsoftiktok ##parentinghack ##mamatiktok ##fyp ##mamatiktok ##tiktokmom♬ Aesthetic Girl – Yusei
Not everyone thought this parenting method is good
But many congratulated the mom on teaching her kid important life skills
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Childhood should be a time of wonderment, exploration, and fun. Another example of a person who places a higher value on become an "internet sensation" at the expense of their child.
This is what I don't get. Panda's, remember that post a week ago about a teacher teaching kids how to pay rent for their desks using "Brain Bucks". That teacher was doing the same as this Mom. Yet Bored Panda users applauded that teacher but are dissing this mom. I'm sorry, but what the heck is goin' on here?? (Please don't downvote, honest question, :D)
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I interact with a lot of kids out in the world (mostly schools) and away from their parents. The little midget CFOs drive me nuts! They want paid for passing back papers or helping a friend tie their shoes or collecting books after silent reading. It might teach them "the value of money" but it certainly doesn't teach them the idea of doing something because it is the right or nice thing to do, or that it is just their turn to do a task.
I would also add that the idea of paying kids to take basic care of themselves (like brush their teeth, put clothes in the hamper or make the bed) doesn't seem very educational.
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My cousin recently stopped doing this with her kids, b/c they demanded she give them $1 for... wait for it... *not hitting each other*. She only did this for six months, but the kiddos figured out the racket very quickly. They didn't learn responsibility. They learned how to get money by annoying their parents.
Hilarious!! The kids were running a protection racket...They learned how to be mobsters!!
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Press the scourge of capitalism deep in his soul by starting to bill him at this young age. It' s nature No, it's not
Yes, teaching him about how socialism/communism magically works is much better.
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I came up with a great 'parent hack' to get my kid to do his chores: I tell him to do his chores.
Drawbacks: Kid will stop using toilet paper, and dozens of other things you're supposed to learn by self-motivation, "because there's no money in that".
Routine is important for children. But incentivising their whole life for the sake of being better members of a society driven by capitalism? Hell, no!
Besides: if someone announces having a "parenting hack", it is better to quickly hit the "mute" button, or simply run. Children are *raised* and offered *education*, not *hacked*.
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She's probably just creating resentment that going to land her in the worst nursing home known to man ( this is for charging me for existing when I was just a child!)
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I wish I got money for brushing my teeth. I'd be a friggin millionaire. TikTok, sigh.
I'm at my wits end with tiktok. I didn't even want to know it exists but it shows up everywhere else.
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30 yrs later... "mother here's your bill for your retirement house, medicines, grandchildren visits, my gasoline expent for coming up with you... Plus taxes" 😂 😂 😂
A 7yo shouldn't be burdened with this nonsense. All this is going to do is teach them to game the system and do as little as possible to pay the bill, then find other ways to self entertain. If you want REAL structure and responsibility, take money out of the equation and just expect them to do their chores and enforce those responsibilities.
Exactly. Use encouragement and discipline. Basically, be a parent.
Load More Replies... I have a bigger problem with the “COOL MOM” shirt than I do with anything she is doing to teach some financial literacy.
Just let the little boy be a little boy 🙄 I swear, some of these modern parents. .
I was required to pay actual rent while going to school. I resent my mother for it to this day. I should have been able to save it and when it was time to move out I had enough money to do so. We didn't ask to be born it is your responsibility to pay for normal things we need growing up.ike food clothes and doctor bills.
Top one. I am having to teach my 18 year old and 20 year old the same thing. It's way harder now and wished I started when they 7. Then it would be like a game and what not. Now its a battle. Again, top one.
Really? Seven? Not in high school, when most kids start learning adult skills? Seven?
Load More Replies... This isn't new. More importantly, this is a prime example of how social media has changed the way society handles everything. Thousands of moms have done this with their children BUT they didn't get to talk about it on social media. In this case, I don't give a s**t about her parenting (because she's taken care of the "press coverage" ahead of time) but I am judging her presentation. She looks like she wants the viewer to know she's trying too hard.
She want's feathers shoved up her ahum. Ooooooh look at me doing such a gooood job, Ain't I fab.
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Gonna have ti agree that 7 is still a bit too young to start this financial responsibility. Maybe start with doing things because they are the right thing to do first. Then move onto doing things because someone is paying you to do them. You have time. He's only 7!
Monitoring someone's phone remotely is a private service it aint going to be available on internet that easily,Real service provider will not ask you any money in Advance, And if he can track mobile Remotely, like without touching the target phone is he able to do it. I came across a service where the guy literally teaches you how to do it. Provides you video proofs and even send you video tutorial step by step explaining how you can actually get into any phone whether Android or iOS . I'll share the WhatsApp number with you guys +91-8657-399-601. Harish Negi. If it had helped me it can help you too
If it works for you guys then so be it. Some kids don't get luxury of pocket money but this kid is not only getting pocket money, he is being taught responsibility. All the bleeding hearts that complain that he should be allowed to be a kid are the same people who will complain that his parents should have taught him better when he doesn't have any respect for finances as a young adult..... and who TF is saying he doesn't get to be a kid? since when do kids need money TO BE A KID?!!
Imo i really like this. Personally i wouldnt do this for my kid if i ever adopt one. But it teaches the kid the value of money. I mean this is just my opinion,
This would be good for kids in high school, perhaps, but at 7 years old you're just a d1ck for not allowing your kid to be a kid. Wth
You only get to be a kid or a teenager once why ruin it with adult issues, id be a more pissed off adult when i find out that other people had a normal childhood, than mine at least and my childhood was hijacked from me, by some miguided attempt to teach me values
It sounds like it's working. I remember learning something in high school about budgeting but only like a 6-week course. My parents were both bankers so I learned better than most. I had a lot of chores to earn allowance. I started babysitting at age 12. I did ironing for a neighbor. I had a checking account in my teens and got a credit card at 16 (a little clothes store, to start establishing credit.) I paid for my own clothes, gas and my phone. I still had a lot of fun with friends. I did really well once I left home at 19. Most of my friends didn't have anything to prepare them. I learned the value of hard work and money. I did well in my career because of it. Since this Mom is putting the money he gives her into his savings, I don't see the problem.
You had good parents. Most of the people replying to this thread seem to be perpetual adolescents who believe that society “owes them something”. I doubt that very many children raised in this manner ever seriously believe in something as monumentally stupid as Socialism.
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Parenting Hack: If your child misbehaves, evict them from your house and put them up for adoption.
It's the only way they'll learn how to be proper adults!
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While I appreciate the thoughtfulness behind her intentions, I really do think that (one) he's a bit too young for this; not for the chores, but to be that concerned with money. Don't spoil him, but also, let him be a kid! And (two) when he moves out, he may eventually stop doing any of those basic tasks 'cause he's not getting paid for them anymore (my point: discipline is more effective in the long run). I think this would be acceptable if he were older.
There are so many man-babies out there that this seems like a very good thing.
His list of chores includes making his bed and brushing his teeth, something kids are taught to do at a young age without payment, sorry don't see why this is bad. Try to explain to a kid who doesn't understand why some times mom or dad can't afford the toy they want... because bills, food etc
This is a great way to teach children responsibilities, as too many parents let their kids get & do what they want & then when they get older, they have no respect. If parents think a child later on will learn and respect what you are trying to teach them, you are delusional. You wait till they are older and you will be sorry. The mother is putting the bill money in the CHILDS bank account, so when he is older, think of how much money that child will have?? .
I think this is a smart thing in general with raising children, as a lot of kids, myself included, were not taught about a lot of the adult aspects of life such as budgeting and rent until much later, and personally I would've appreciated having an understanding of this at a younger age. I think 7 might be a little young, but in general I think it is really beneficial that some parents teach their children how to budget properly. Personal finance is a major issue for people. Everyone complains that the kid isn't enjoying childhood but that's not true - this kid has an income to spend, and the income comes from doing the same chores and skills every other child is being taught. I'd hardly call this a stressor in the kid's life. I understand that there needs to be a certain approach to avoid the situations of children demanding money from teachers, other parents, or for "not" doing things that wouldn't count, but nonetheless it is a pretty solid approach.
People are also assuming she's like a harsh landlord with this approach. No one said she's "billing" her child. She encourages him to earn an allowance (which some kids don't get in the first place, and others grow spoiled for always getting one), and at the same time he's learning to budget from a very young age. Again, a lot of kids don't get money to spend in the first place like that. Even she said that if he didn't "pay" she would wait til the next month and just talk to him about it. Seems really mild and healthy to me????
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Great idea. It's not like his chores are anything difficult like lawn mowing, laundry, or even doing the dishes. The fact that the "bill" money gets put into his savings account anyway? Awesome! I wish I had this when I was a kid. I did all that stuff and more and got no allowance at all. It was just expected that I would do my chores.
I love this idea, especially since they aren't teaching stuff like this in school most of the time. This is way more useful than just getting an allowance for existing. He's learning responsibility and the basics of money handling, for doing things that need to be done anyway. When I was 7, I had an allowance, and everything with me and my mom was "please get me this, I'll pay you back later". This kid's learning these things in a context where they don't actually matter, which is ideal. If you wait until he's a teenager, there's *real* money involved, and less control over these lessons.
GREAT MOM! Children today are so entitled. They have no idea what they are headed for becuz min and dad both give the smiley yes cuz they haven't got the time to deal with the real issues. As long as it stays in an age appropriate plan and put her money in an account for her for college, or apartment or whatever she wants, after all it is her money, she didn't ask to be born and children are our responsibility till 18.
If you don't want to raise them, don't have them. It is a costly endeavor. Signed, mom of two awesome adults.
Since he have to pay for internet at age 7 when the school as (him Y U never get your school work done ON LINE I HOPE TELL THE SCHOOL HE CAN NOT AFORD TO PAY FOR INTERNET AND THE LIGHT BILL (I Would tell the school talk to my mom about the HIGH rent for lights and internet..........) [ Maybe i get some att NOW
This would be commendable if: a) the kid was a bit older and b) mom didn't look like she was having a psychotic break in every photo. I am all for teaching responsible budgeting but I also believe in letting kids be kids.
I understand her thought process, but she may be inadvertently causing trauma. This kid may grow up thinking his parents love was conditional. He had to earn being taken care of instead of them just taking care of him because it's their responsibility as parents. I agree with other commentora that if she wanted to implement this, she should wait until he's a teen
The bills are too much, just let him be a kid. He’ll get to pay bills when he’s an adult.
Childhood is so short.It is a blink of an eye until kids have to enter the grown up world or bills,work.stress etc etc.Just let them be kids for a little while.Kids should clean their teeth because ,if they don't,they will fall out,not because they will get cashed up.Not everything in the world needs to be equated to money.Pretty sure Mum is more concerned with her internet "presence" than anything else.If you have to announce to the world that you are a "Cool Mom" ...You probably aren't.
So she is teaching her child responsability right??? That's perfect! Does she is teaching her child how to use a credit card??? How to fill a check??? How to invest??? Use a healthcare insurance??? If she is not doing a complete financial education program, then she is just an abuse.
I give my kids an allowance and I learn them how to be responsible with that money. I go to the store and show them you can't buy much with a bit of money. So they'll have to save, if they want to buy something. I don't pay chores, I teach my kids we have to work together and care for eachother, that's family. You have to do this chores with love, to contribute to our family, not for gaining money.
Life skills being taught are good. But at 7? I could understand at like my age (I'm in middle school) and maybe like 10 but 7?
I think this is brilliant. My kids think money grows on trees. They have no concept of earnings and bills. I'm totally going to try this.
My mother made me do chores so I could earn money for a kids magazine that I always bought. Honestly, it just put me under pressure.
Childhood is for learning how the world works. Our world has earning an income and paying bills. This is one way to teach it, there are others. There has to be a balance, it can't all be disneyland moments or they wont learn how to adult.
Great reply. Most of the responses sound like perpetually adolescent parasites who think the government should take care of them because of their bad life choices!
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I think this is a win/win for everyone involved. It's never too early to teach kids about money and responsibility. I used to be a bank teller and I saw countless recent high school graduates that had checking accounts and had no idea what to do with them. They were embarrassed to ask for help but we always helped them and reassured them there was nothing to be embarrassed about. Better to ask than get eaten alive by NSF fee's!
When I turned 16 my mom told me to get a job and give her half. She saved half of that for my school needs an used the rest for house bills. The more I worked the more of my half I made. But it helped the house. So every weekend we could have a treat night of pizza etc. I didn't mind. You can't miss what u can't spend. But it was nice to have a say since my money was contributing.
Arguably cruel to impose/indoctrinate capitalism on a child, as it is a religion or cult. The mother is so indoctrinated herself, she hasn't considered that there are indeed other economic systems far more successful, ecologically sustainable, less war-mongery than neoliberal capitalism - which fails every 10 years or so and has to be bailed out by the poorest taxpayers because the elites stole all the money.
So capitalism is a cult, but socialism/communism isn't ?
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To all those "let a kid be a kid" folks: I believe 7 is not too young to teach a kid about responsibilities. We all have 'em, and as the kid gets older, they are only going to increase. Putting it in terms of dollars (or money) does not detract from the essential learning, which is "I need to do certain things every day, or stuff starts to go wrong." My question is: does the child get a traditional allowance on top of all this? If all of his "profit" is going in to savings, then he does not get the benefit of learning how to manage his discretionary income.
Incentivizing kids with money doesn't teach them to value being responsible. It teaches them to value money.
Load More Replies... This is real parenting. Allowing children to understand that nothing is free means they aren’t easily brainwashed into believing that the government can give them “free“ things and they will face no consequences. The problem with Socialism is that you always run out of other peoples money.
Actually, everyone is quite aware that socialism doesn't make things appear out of nowhere. But we actually have the resources to distribute. Capitalism doesn't account for externalities, so it is necessary to move things around a little anyway.
Load More Replies... Childhood should be a time of wonderment, exploration, and fun. Another example of a person who places a higher value on become an "internet sensation" at the expense of their child.
This is what I don't get. Panda's, remember that post a week ago about a teacher teaching kids how to pay rent for their desks using "Brain Bucks". That teacher was doing the same as this Mom. Yet Bored Panda users applauded that teacher but are dissing this mom. I'm sorry, but what the heck is goin' on here?? (Please don't downvote, honest question, :D)
Load More Replies... I interact with a lot of kids out in the world (mostly schools) and away from their parents. The little midget CFOs drive me nuts! They want paid for passing back papers or helping a friend tie their shoes or collecting books after silent reading. It might teach them "the value of money" but it certainly doesn't teach them the idea of doing something because it is the right or nice thing to do, or that it is just their turn to do a task.
I would also add that the idea of paying kids to take basic care of themselves (like brush their teeth, put clothes in the hamper or make the bed) doesn't seem very educational.
Load More Replies... My cousin recently stopped doing this with her kids, b/c they demanded she give them $1 for... wait for it... *not hitting each other*. She only did this for six months, but the kiddos figured out the racket very quickly. They didn't learn responsibility. They learned how to get money by annoying their parents.
Hilarious!! The kids were running a protection racket...They learned how to be mobsters!!
Load More Replies... Press the scourge of capitalism deep in his soul by starting to bill him at this young age. It' s nature No, it's not
Yes, teaching him about how socialism/communism magically works is much better.
Load More Replies... I came up with a great 'parent hack' to get my kid to do his chores: I tell him to do his chores.
Drawbacks: Kid will stop using toilet paper, and dozens of other things you're supposed to learn by self-motivation, "because there's no money in that".
Routine is important for children. But incentivising their whole life for the sake of being better members of a society driven by capitalism? Hell, no!
Besides: if someone announces having a "parenting hack", it is better to quickly hit the "mute" button, or simply run. Children are *raised* and offered *education*, not *hacked*.
Load More Replies... She's probably just creating resentment that going to land her in the worst nursing home known to man ( this is for charging me for existing when I was just a child!)
Load More Replies... I wish I got money for brushing my teeth. I'd be a friggin millionaire. TikTok, sigh.
I'm at my wits end with tiktok. I didn't even want to know it exists but it shows up everywhere else.
Load More Replies... 30 yrs later... "mother here's your bill for your retirement house, medicines, grandchildren visits, my gasoline expent for coming up with you... Plus taxes" 😂 😂 😂
A 7yo shouldn't be burdened with this nonsense. All this is going to do is teach them to game the system and do as little as possible to pay the bill, then find other ways to self entertain. If you want REAL structure and responsibility, take money out of the equation and just expect them to do their chores and enforce those responsibilities.
Exactly. Use encouragement and discipline. Basically, be a parent.
Load More Replies... I have a bigger problem with the “COOL MOM” shirt than I do with anything she is doing to teach some financial literacy.
Just let the little boy be a little boy 🙄 I swear, some of these modern parents. .
I was required to pay actual rent while going to school. I resent my mother for it to this day. I should have been able to save it and when it was time to move out I had enough money to do so. We didn't ask to be born it is your responsibility to pay for normal things we need growing up.ike food clothes and doctor bills.
Top one. I am having to teach my 18 year old and 20 year old the same thing. It's way harder now and wished I started when they 7. Then it would be like a game and what not. Now its a battle. Again, top one.
Really? Seven? Not in high school, when most kids start learning adult skills? Seven?
Load More Replies... This isn't new. More importantly, this is a prime example of how social media has changed the way society handles everything. Thousands of moms have done this with their children BUT they didn't get to talk about it on social media. In this case, I don't give a s**t about her parenting (because she's taken care of the "press coverage" ahead of time) but I am judging her presentation. She looks like she wants the viewer to know she's trying too hard.
She want's feathers shoved up her ahum. Ooooooh look at me doing such a gooood job, Ain't I fab.
Load More Replies... Gonna have ti agree that 7 is still a bit too young to start this financial responsibility. Maybe start with doing things because they are the right thing to do first. Then move onto doing things because someone is paying you to do them. You have time. He's only 7!
Monitoring someone's phone remotely is a private service it aint going to be available on internet that easily,Real service provider will not ask you any money in Advance, And if he can track mobile Remotely, like without touching the target phone is he able to do it. I came across a service where the guy literally teaches you how to do it. Provides you video proofs and even send you video tutorial step by step explaining how you can actually get into any phone whether Android or iOS . I'll share the WhatsApp number with you guys +91-8657-399-601. Harish Negi. If it had helped me it can help you too
If it works for you guys then so be it. Some kids don't get luxury of pocket money but this kid is not only getting pocket money, he is being taught responsibility. All the bleeding hearts that complain that he should be allowed to be a kid are the same people who will complain that his parents should have taught him better when he doesn't have any respect for finances as a young adult..... and who TF is saying he doesn't get to be a kid? since when do kids need money TO BE A KID?!!
Imo i really like this. Personally i wouldnt do this for my kid if i ever adopt one. But it teaches the kid the value of money. I mean this is just my opinion,
This would be good for kids in high school, perhaps, but at 7 years old you're just a d1ck for not allowing your kid to be a kid. Wth
You only get to be a kid or a teenager once why ruin it with adult issues, id be a more pissed off adult when i find out that other people had a normal childhood, than mine at least and my childhood was hijacked from me, by some miguided attempt to teach me values
It sounds like it's working. I remember learning something in high school about budgeting but only like a 6-week course. My parents were both bankers so I learned better than most. I had a lot of chores to earn allowance. I started babysitting at age 12. I did ironing for a neighbor. I had a checking account in my teens and got a credit card at 16 (a little clothes store, to start establishing credit.) I paid for my own clothes, gas and my phone. I still had a lot of fun with friends. I did really well once I left home at 19. Most of my friends didn't have anything to prepare them. I learned the value of hard work and money. I did well in my career because of it. Since this Mom is putting the money he gives her into his savings, I don't see the problem.
You had good parents. Most of the people replying to this thread seem to be perpetual adolescents who believe that society “owes them something”. I doubt that very many children raised in this manner ever seriously believe in something as monumentally stupid as Socialism.
Load More Replies... Parenting Hack: If your child misbehaves, evict them from your house and put them up for adoption.
It's the only way they'll learn how to be proper adults!
Load More Replies... While I appreciate the thoughtfulness behind her intentions, I really do think that (one) he's a bit too young for this; not for the chores, but to be that concerned with money. Don't spoil him, but also, let him be a kid! And (two) when he moves out, he may eventually stop doing any of those basic tasks 'cause he's not getting paid for them anymore (my point: discipline is more effective in the long run). I think this would be acceptable if he were older.
There are so many man-babies out there that this seems like a very good thing.
His list of chores includes making his bed and brushing his teeth, something kids are taught to do at a young age without payment, sorry don't see why this is bad. Try to explain to a kid who doesn't understand why some times mom or dad can't afford the toy they want... because bills, food etc
This is a great way to teach children responsibilities, as too many parents let their kids get & do what they want & then when they get older, they have no respect. If parents think a child later on will learn and respect what you are trying to teach them, you are delusional. You wait till they are older and you will be sorry. The mother is putting the bill money in the CHILDS bank account, so when he is older, think of how much money that child will have?? .
I think this is a smart thing in general with raising children, as a lot of kids, myself included, were not taught about a lot of the adult aspects of life such as budgeting and rent until much later, and personally I would've appreciated having an understanding of this at a younger age. I think 7 might be a little young, but in general I think it is really beneficial that some parents teach their children how to budget properly. Personal finance is a major issue for people. Everyone complains that the kid isn't enjoying childhood but that's not true - this kid has an income to spend, and the income comes from doing the same chores and skills every other child is being taught. I'd hardly call this a stressor in the kid's life. I understand that there needs to be a certain approach to avoid the situations of children demanding money from teachers, other parents, or for "not" doing things that wouldn't count, but nonetheless it is a pretty solid approach.
People are also assuming she's like a harsh landlord with this approach. No one said she's "billing" her child. She encourages him to earn an allowance (which some kids don't get in the first place, and others grow spoiled for always getting one), and at the same time he's learning to budget from a very young age. Again, a lot of kids don't get money to spend in the first place like that. Even she said that if he didn't "pay" she would wait til the next month and just talk to him about it. Seems really mild and healthy to me????
Load More Replies... Great idea. It's not like his chores are anything difficult like lawn mowing, laundry, or even doing the dishes. The fact that the "bill" money gets put into his savings account anyway? Awesome! I wish I had this when I was a kid. I did all that stuff and more and got no allowance at all. It was just expected that I would do my chores.
I love this idea, especially since they aren't teaching stuff like this in school most of the time. This is way more useful than just getting an allowance for existing. He's learning responsibility and the basics of money handling, for doing things that need to be done anyway. When I was 7, I had an allowance, and everything with me and my mom was "please get me this, I'll pay you back later". This kid's learning these things in a context where they don't actually matter, which is ideal. If you wait until he's a teenager, there's *real* money involved, and less control over these lessons.
GREAT MOM! Children today are so entitled. They have no idea what they are headed for becuz min and dad both give the smiley yes cuz they haven't got the time to deal with the real issues. As long as it stays in an age appropriate plan and put her money in an account for her for college, or apartment or whatever she wants, after all it is her money, she didn't ask to be born and children are our responsibility till 18.
If you don't want to raise them, don't have them. It is a costly endeavor. Signed, mom of two awesome adults.
Since he have to pay for internet at age 7 when the school as (him Y U never get your school work done ON LINE I HOPE TELL THE SCHOOL HE CAN NOT AFORD TO PAY FOR INTERNET AND THE LIGHT BILL (I Would tell the school talk to my mom about the HIGH rent for lights and internet..........) [ Maybe i get some att NOW
This would be commendable if: a) the kid was a bit older and b) mom didn't look like she was having a psychotic break in every photo. I am all for teaching responsible budgeting but I also believe in letting kids be kids.
I understand her thought process, but she may be inadvertently causing trauma. This kid may grow up thinking his parents love was conditional. He had to earn being taken care of instead of them just taking care of him because it's their responsibility as parents. I agree with other commentora that if she wanted to implement this, she should wait until he's a teen
The bills are too much, just let him be a kid. He’ll get to pay bills when he’s an adult.
Childhood is so short.It is a blink of an eye until kids have to enter the grown up world or bills,work.stress etc etc.Just let them be kids for a little while.Kids should clean their teeth because ,if they don't,they will fall out,not because they will get cashed up.Not everything in the world needs to be equated to money.Pretty sure Mum is more concerned with her internet "presence" than anything else.If you have to announce to the world that you are a "Cool Mom" ...You probably aren't.
So she is teaching her child responsability right??? That's perfect! Does she is teaching her child how to use a credit card??? How to fill a check??? How to invest??? Use a healthcare insurance??? If she is not doing a complete financial education program, then she is just an abuse.
I give my kids an allowance and I learn them how to be responsible with that money. I go to the store and show them you can't buy much with a bit of money. So they'll have to save, if they want to buy something. I don't pay chores, I teach my kids we have to work together and care for eachother, that's family. You have to do this chores with love, to contribute to our family, not for gaining money.
Life skills being taught are good. But at 7? I could understand at like my age (I'm in middle school) and maybe like 10 but 7?
I think this is brilliant. My kids think money grows on trees. They have no concept of earnings and bills. I'm totally going to try this.
My mother made me do chores so I could earn money for a kids magazine that I always bought. Honestly, it just put me under pressure.
Childhood is for learning how the world works. Our world has earning an income and paying bills. This is one way to teach it, there are others. There has to be a balance, it can't all be disneyland moments or they wont learn how to adult.
Great reply. Most of the responses sound like perpetually adolescent parasites who think the government should take care of them because of their bad life choices!
Load More Replies... I think this is a win/win for everyone involved. It's never too early to teach kids about money and responsibility. I used to be a bank teller and I saw countless recent high school graduates that had checking accounts and had no idea what to do with them. They were embarrassed to ask for help but we always helped them and reassured them there was nothing to be embarrassed about. Better to ask than get eaten alive by NSF fee's!
When I turned 16 my mom told me to get a job and give her half. She saved half of that for my school needs an used the rest for house bills. The more I worked the more of my half I made. But it helped the house. So every weekend we could have a treat night of pizza etc. I didn't mind. You can't miss what u can't spend. But it was nice to have a say since my money was contributing.
Arguably cruel to impose/indoctrinate capitalism on a child, as it is a religion or cult. The mother is so indoctrinated herself, she hasn't considered that there are indeed other economic systems far more successful, ecologically sustainable, less war-mongery than neoliberal capitalism - which fails every 10 years or so and has to be bailed out by the poorest taxpayers because the elites stole all the money.
So capitalism is a cult, but socialism/communism isn't ?
Load More Replies... To all those "let a kid be a kid" folks: I believe 7 is not too young to teach a kid about responsibilities. We all have 'em, and as the kid gets older, they are only going to increase. Putting it in terms of dollars (or money) does not detract from the essential learning, which is "I need to do certain things every day, or stuff starts to go wrong." My question is: does the child get a traditional allowance on top of all this? If all of his "profit" is going in to savings, then he does not get the benefit of learning how to manage his discretionary income.
Incentivizing kids with money doesn't teach them to value being responsible. It teaches them to value money.
Load More Replies... This is real parenting. Allowing children to understand that nothing is free means they aren’t easily brainwashed into believing that the government can give them “free“ things and they will face no consequences. The problem with Socialism is that you always run out of other peoples money.
Actually, everyone is quite aware that socialism doesn't make things appear out of nowhere. But we actually have the resources to distribute. Capitalism doesn't account for externalities, so it is necessary to move things around a little anyway.
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