ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Parents Charge Daughter Rent After High School Graduation; Internet Approves

How do you feel about making your children pay rent? Look what these parents have to say.
PUBLISHED MAY 4, 2024
Image Source: @bar7ranch | TikTok
Image Source: @bar7ranch | TikTok

A mother made headlines when she ordered her children to pay $100 for rent each month when they were 16. Although some people found her regulations strange, other parents followed similar guidelines. Cody and Erika Archie, the owners of Bar 7 Ranch ( @bar7ranch ) in Texas, took a similar approach with their daughter. They asked her to contribute to the rentonce she graduated from high school.

Image Source: @bar7ranch | TikTok
Image Source: @bar7ranch | TikTok

Following her high school graduation, Kylee's parents asked her to start paying $200 a month if she wanted to stay at home. The rent would increase to $300 if she wanted to consume their meals. Although Kylee had been living with her family, her parents determined that she needed to start paying for her accommodations after high school. They believed that it would teach her responsibility, particularly because she wasn't sure if she wanted to attend college.

Cody and Erika first talked about their rent agreement with Kylee in their 2022 TikTok video. When the idea of renting to kids who had graduated from college gained traction once more in May 2023, they decided to repost it. Erika asked viewers if their high school graduate is not attending college right away, they still require them to pay rent. Cody clarified they intended to take $200 from Kylee each month the next month onwards.

Cody commented, "That’s pretty cheap to live like a grub in your parents' house." Erika added, "That’s cheaper than what she eats in food or anyone eats."

It's $300 if Kylee wants to eat off of their refrigerator, but it's only $200 if she purchases her groceries, according to Cody. Erika laughed back at that. They thought it imparts valuable knowledge about handling debts. They invited people to voice their ideas and were genuinely curious about what others had to say.

The responses they got in the comment section were quite diverse. One person shared, "I've seen this online before... Parents who do this often end up not being close to their kids later in life."

Another commented, "I wouldn't charge my kids."

Image Source: @bar7ranch | TikTok
Image Source: @bar7ranch | TikTok

However, many people supported the idea but suggested saving the money secretly for the child. "My parents started charging me rent after about 6 months. It helped me become better at managing money. They gave it back to me when I moved out," @adam shared.

Image Source: @bar7ranch | TikTok
Image Source: @bar7ranch | TikTok

Another user mentioned how it's not about paying money but becoming responsible. 

Image Source: @bar7ranch | TikTok
Image Source: @bar7ranch | TikTok

As it happened, Kylee eventually moved out of the family home. Cody and Erika disclosed to Today in May 2023 that Kylee moved out in February 2023 to get her apartment. After graduating, if she began paying the $200 rent, and lived with them for almost nine months before deciding to live independently. 

But Kylee's initial intentions fell through, and she ultimately moved in with her aunt. She was fortunate not to have to pay rent there, but she did contribute by watching her nieces.

Erika told the publication that Kylee had no animosity toward them.

She realized that being an adult includes certain duties, such as handling money and making her own decisions. The family provided an update in April 2024, stating that Kylee had secured a higher-paying position. Her parents decided to raise her rent as a result of this improvement. It seems that Kylee returned to her parents' house and continued to abide by their rental guidelines.


@bar7ranch How do you feel about making your adult children pay rent to live at home? This is a REPOST from last year but since its on Fox Business News right now we thought we’d chat about it again! #Parenting #ParentsChargingRent #AdultChildren #DryHumor #Sarcasm #MarriageHumor #Marriage #CoupleTok #RanchTok #AgTok #KeepRanchin #KingOfTikTok #RanchLife #Ranch ♬ original sound - Bar 7 Ranch

 

Follow @bar7ranch on TikTok for more such videos and content.

MORE ON MARKET REALIST
Pressure from the government and consumers choices have forced this decision.
1 day ago
She took her time to secure the big prize, drawing a loud cheer from the audience.
1 day ago
The billionaire also predicted that other companies would follow suit in the future.
1 day ago
His comments have led to several Americans calling him out for not reducing beef prices.
1 day ago
Billionaires grew their wealth by an incredible 22% in the last year as regular Americans struggled.
1 day ago
Americans in a Reuters/Ipsos poll identified the cost of living as the primary factor influencing their votes in the upcoming midterms.
1 day ago
This will be damning for the DHS, which is already under immense pressure from the public.
2 days ago
Experts believe that it has to do with getting a sense of momentary control.
2 days ago
It seemed like the contestant was heading towards defeat, but his luck soon turned around.
2 days ago
The company says it has taken action to protect its rights as an importer to seek duty refunds.
2 days ago
The payout was driven by the company’s financial strength and strong underwriting performance.
2 days ago
Trump made this claim during his lengthy State Of The Union address earlier.
2 days ago
Research predicted that in the consumer sector, "AI personalization strategists" and "AI supply-chain analysts" jobs are expected to emerge.
2 days ago
The product might contain germs as the pasteurization process was not done properly due to a equipment troubleshooting error
3 days ago
The contestant came as close as possible to winning big, but had her heart broken in the end.
3 days ago
Trump failed to address the affordability issue that voters care most about.
3 days ago
He said that society is not quite ready for the pace at which AI is currently displacing workers.
3 days ago
The recall affected products that were sold to customers in four states and in Canada.
3 days ago
Those opposed to the changes believe Trump is politicizing the health of children.
3 days ago
Bessent said that the proposition would be rolled out “in the coming weeks and months,” as a tool for working-class Americans left behind.
3 days ago