When it comes to teaching kids about money, many financial experts agree its good tostart early.
On Sunday,Essence Evans took to Facebook to share howshe makes her 5-year-old daughter pay rent.
Thats right pay rent, in addition to paying for utilities and food.
Essence Evans/Facebook
But before you get all upset, stick with me here.
Its not as extreme as you think.
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Evans takes this approach on allowance as a teaching tool for her child.
At The Penny Hoarder, weve written about other out-of-the-box ways parents have taught their kids about money.
Each family will inevitably be different when it comes to teaching kids about the important things in life.
Nicole Dow is a staff writer at The Penny Hoarder.
She enjoys writing about parenting and money.
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