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
While the founder of Hampton Adams got a $500,000 offer, he chose not to go for it.
9 minutes ago
Fans of the show quickly picked up on the new detail which must have meant to be a secret.
1 hour ago
The entrepreneurs were not able to present the numbers that might have instilled some confidence.
2 hours ago
The entrepreneur's mission to "save mankind" and his life's story impressed all of the sharks.
22 hours ago
Tom Cruise was not the only celebrity who was ranked lower than the popular game show host.
1 day ago
The contestant also revealed that those shoes had lights in them before winning big.
1 day ago
Steve Harvey's reaction to each of the answers was absolutely hilarious to watch.
1 day ago
The guest, who had the Levi Wells Prentice painting for 40 years, had no idea how valuable it was.
2 days ago
The host was stunned to hear the answer and made his public service announcement.
2 days ago
John considers himself the very best on the show when it comes to licensing deals.
2 days ago
Fans of the show found the joke tasteless and they let their feelings be known.
2 days ago
The host was stunned upon hearing the answer and had to ask the contestant about her logic behind it.
3 days ago
Mr. Wonderful had said no the first time, but promptly came back after learning about the royalty.
3 days ago
Steve Harvey had a hard time believing the contestant's answer, but she was outdone by her teammate.
3 days ago
The duo worked very well as a team and the victory was well-deserved.
4 days ago
Mr. Wonderful was passionate about bats right from the get-go and was the only one to make an offer.
4 days ago
The pawn shop owner made a deal with the seller that he'd pay more if the gun worked.
4 days ago
Amber Lancaster handled the situation gracefully, and even congratulated the player on his impressive win.
5 days ago
The contestant, Diane, gave a couple of cheeky answers that caught Steve Harvey off guard.
5 days ago
The guest was expecting $22,000 for a Led Zeppelin album that was signed by all four members.
5 days ago