Georgia mom praised for having 5-year-old daughter 'pay rent'

[crashtech]

There are many ways to teach kids about money. I am not going to grade this performance other than to say at least it gets a passing grade for effort, which is more than can be said for most parents.

 

[balloonshark]

As children my sis and I had the opportunity to make $10 a week in allowance if we did all our chores. We took care of the entire upstairs which had 3 bedrooms, a large hallway with a litterbox and a full bath. The largest paying chore was the one I hated and that was weeding are large flower garden for $5. The only penalty/fee I remember was paying $0.10 every time we left a light on in a room. Strangely enough I learned more about money by playing the board game Bargain Hunter.

 

[IronWing]

Never too early to LEARN about life! What age are you more comfortable with? 25? Probably have all your kids at home he he....

Joins 2008, doesn't post until 2017. Seems legit.

 

[boomerang]

What does a 5 year old have to spend $2 a week on? Candy?

Assuming condoms are handed out at at school, yes.

 

[momeNt]

Joins 2008, doesn't post until 2017. Seems legit.

For whatever reason Russian trollbots think it looks more legit to hack an old account than to just create a new one. Who knows.

 

[dave_the_nerd]

It sounds like she's doing it with the right attitude and emphasis on the right things.

 

[zinfamous]

Jump to conclusions much? How many kids do you think I even have?

I always assumed it was between 8 and 26 kids.

 

[nakedfrog]

I always assumed it was between 8 and 26 kids.

Egads, my secret has been uncovered, I'm a welfare queen

 

[highland145]

Egads, my secret has been uncovered, I'm a welfare queen

Or Mother Hubbard.

 

[clamum]

yeah I know I've paid and still pay way more, but that is "the standard" when it comes to rent/mortgage.

I've heard that number before but man that would make me nervous paying 30% of my take-home pay on rent. Right now I'm paying 19%. I could see myself doing 25% but wouldn't like it much. I should clarify I'm a single guy living by myself. I guess it would change if I was married with a family but I still think 30% is high.

 

[BoomerD]

I don't have a problem with the concept...as long as the kid has to do chores to "earn" the allowance..BUT, I also think $5 is too steep for a $7 allowance. IMO, $3 would be more appropriate. BUT, just wait till the kid becomes a teenager and starts wanting $25/week or more...PLUS a new phone every year or two...Then, will rent STILL be $5/week? Or will it go up to $20/week?

My 18 year old grandson who just graduated HS this summer got his first job ever a couple of months ago. They've always lived in places that were nearly impossible for him to get an after-school job...so, I understand not having one during school. HOWEVER...once he got a job, his dad demanded $400/month rent...and he still has to babysit the younger kids...and do most of the chores in the house.
He's moving to live up here this weekend. He finally said "Enough is enough...no, Enough is TOO MUCH."

 

[brianmanahan]

HAHAHAHAHHAHAHAH *breathes* HAHAHAHHAHAHA

is %30 low? i thought %20 was high. i used to pay that but got it down to %7 now.

 

[pcgeek11]

She gets the allowance for free, how is that teaching her the value of money, this is teaching her to be an entitled little shit.

You don't get an allowance, you get paid for your chores, dishes, sweeping, etc. Then she gets charged for rent.

All this kid is going to learn is I got $2 a week for doing jack shit.

My son had to work for his allowance. How do you know she gets hers for free?

Teaching the kid and saving for her at the same time. I think it is a good idea.

 

[brianmanahan]

i never got an allowance even if i did chores. my parents said that doing a few chores was a good deal for free room and board and food and clothes.

 

[momeNt]

My son had to work for his allowance. How do you know she gets hers for free?

Teaching the kid and saving for her at the same time. I think it is a good idea.

I don't, but she had the opportunity to specify and didn't.

 

[AznAnarchy99]

is %30 low? i thought %20 was high. i used to pay that but got it down to %7 now.

Most people in my area spend 50%+ on rent.

 

[skull]

HAHAHAHAHHAHAHAH *breathes* HAHAHAHHAHAHA

Crazy isn't it, my mortgage is only 10% of my monthly income.

 

[skull]

Most people in my area spend 50%+ on rent.

Holy shit thats not even crazy thats stupid.

 

[crashtech]

Probably not as crazy as it sounds, housing costs vary wildly. Someone's high-ish wages could be in line with exorbitant housing costs, be close to 50%, and still leave some disposable income.

 

[skull]

Probably not as crazy as it sounds, housing costs vary wildly. Someone's high-ish wages could be in line with exorbitant housing costs, be close to 50%, and still leave some disposable income.

When I was a kid I asked my dad why don't the people in california buy somewhere cheaper and just fly helicopters home from work?

 

[crashtech]

When I was a kid I asked my dad why don't the people in california buy somewhere cheaper and just fly helicopters home from work?

That was my dream scenario as a kid. I had my Bond villian lair all figured out, geothermal power and helipad included.

 

[RLGL]

Interesting...... when my daughter was about 12 or so, she came to me and asked if she should get a part-time job to help with the expenses. My reply: your job is to go to school and get good grades. Since finishing college her salary is more than my wife's and mine put together

 

[VirtualLarry]

is %30 low? i thought %20 was high. i used to pay that but got it down to %7 now.

"Public housing" is 30% of income.

 

[highland145]

I don't have a problem with the concept...as long as the kid has to do chores to "earn" the allowance..BUT, I also think $5 is too steep for a $7 allowance. IMO, $3 would be more appropriate. BUT, just wait till the kid becomes a teenager and starts wanting $25/week or more...PLUS a new phone every year or two...Then, will rent STILL be $5/week? Or will it go up to $20/week?

My 18 year old grandson who just graduated HS this summer got his first job ever a couple of months ago. They've always lived in places that were nearly impossible for him to get an after-school job...so, I understand not having one during school. HOWEVER...once he got a job, his dad demanded $400/month rent...and he still has to babysit the younger kids...and do most of the chores in the house.
He's moving to live up here this weekend. He finally said "Enough is enough...no, Enough is TOO MUCH."

Yeah, eff that. Damned sons in laws.

 

[highland145]

HAHAHAHAHHAHAHAH *breathes* HAHAHAHHAHAHA

Mine is ZERO.

Thankfully.