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Mom Of A 7-Year-Old Shares How She Teaches Him Financial Responsibility By Charging Him Rent And Utilities, Divides Opinions

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

Image credits: craftedandcozy

@craftedandcozyThis has worked wonders in my household….hope it works for you!