Mum sparks furious debate online after she revealed she teaches her daughter the value of money by making her pay money towards the household bills.
Posting on TikTok she said: “Every week my daughter has a list of chores. If those chores were completed daily she will get $7 at the end of the week.”
She is then required to pay money towards the bills for living in the house, Felicia explained.
How much she charges
She goes on to explain how much she expects her young daughter to pay towards the weekly bills.
“$1 for food, water, electricity, internet and rent – so in total, she pays $5 for bills.
“She has $2 leftover which she can keep and save or spend.”
Felicia then takes that $5 and puts it into a savings account for her daughter so that when she turns 18, she’ll know that she earned all of that money herself and learn the value of money.
She explained that she only makes her child do “age-appropriate chores” that she has found on Pinterest.
These jobs include vacuuming, cleaning toilets, taking out the bins, meal prepping, making her bed every day and picking up after herself.
The reaction was very mixed
Since being posted, the video has attracted over 1.6 million reactions and more than 10,000 comments from divided users.
Whilst some people loved the idea, others thought her little girl was “too young to be paying for a life she didn’t ask for”.
“That’s cute and all, but your kids are way too young to be paying for a life that they didn’t ask for. You’re supposed to provide for your children.”
One person said: “I wish my job paid this much.”
Another wrote: “This is actually genius… I turn 18 March 1 and still know nothing about proper finances and have had to learn from minor mistakes.”
Why you should be investing for your child’s future
While it may sound extreme, what this mum is doing really does make sense.
Growing a “nest egg” now for your children’s future really could make a world of difference for them later on in life.
It could even…
- help them with a home deposit
- assist with education costs (private school or uni)
- give them better choices in later life
- allow them to start a career or business they always dreamed about
We recently shared some great tips on ways to encourage kids to save money – check them out here.