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'Not All of It Is Hers to Spend.' Dad Says He Makes 6-Year-Old Daughter Pay Rent as a Budgeting Lesson In Disguise
Yahoo Finance·2025-09-23 01:01

A Texas father’s decision to charge his 6-year-old daughter monthly “rent” has sparked a viral debate about whether early financial education crosses into being too strict. Michael Madden collects 3forrentand3 for rent and 1 for utilities from his daughter Rose each month, money she earns through a chore-based allowance system. Every penny goes into savings for her future. While critics argue children should be free from adult financial responsibilities, supporters praise the approach as innovative financial li ...