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A MUM has divided opinion by revealing that she charges her kids rent and bills every month. Milly, who posts under @budgetwithmilly , uploaded a video showing her taking the payment from her three children. She explained: “Today, my kids' rent is due, so let's collect their payment each week.

“They get paid £5 for the chores they do around the house, and we charge them £1 for rent, £1 for food, and £1 for utilities at the start of each month. “Jordan has paid his rent this month, and once their payment has been made, we mark it off on the tracker sheet to confirm the payment in the binder.” Milly said that before they spend the remaining £2, they ask their kids if they can afford the purchase, if it’s a “want or a need”, and if their future selves would be happy with the buy.



The mum explained: “This is to help them not emotionally spend on toys and sweets and develop an understanding of how to spend their money towards other categories such as savings, spending, etcetera, as this is something schools don't teach kids, and we wanted our kids to learn about expenses and bills in a safe environment, and this has worked amazingly for us.” Milly has made her youngsters Stiffany, Jordan and Hannah, budget binders, which they use to track their outgoings. The binders have three labelled pockets in them, one for rent, one for food, and one for bills, and they place their cash in the relevant binders.

Then, on the first of the month, Milly collects the money f.

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