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
The product was distributed in several but no illness has yet been reported.
6 hours ago
While most people disagreed with what the mall did, there were some who understood the reason.
6 hours ago
People are seemingly having a hard time saving apart from their retirement funds.
7 hours ago
“These people are working and contributing and helping to reduce the debt and deficit,” an economic expert said.
7 hours ago
As per a provision in US laws, the IRS had no right to levy penalties in the pandemic years.
7 hours ago
The US had sanctioned Russia heavily over its military exercise in Ukraine.
8 hours ago
While gas prices have jumped, diesel prices have skyrocketed across the country, averaging at $4.78
1 day ago
Last year, Buffett stepped down as the CEO of Berkshire Hathaway.
1 day ago
Many who feel financially behind are embracing “financial nihilism,” placing bets on high-risk options instead of traditional investing.
1 day ago
It was one of the rarest instances in the show in which a contestant had won two cars in one episode
1 day ago
Housing search data flags a shift in buyer sentiment as Californians look beyond Las Vegas for cheaper housing.
1 day ago
The company is doing whatever it can to stay ahead of its competitors in the field of AI.
1 day ago
Industry leaders warn that the Iran conflict could push fertilizer costs higher and eventually drive food inflation.
1 day ago
This could lead to domestic migration of the wealthy from the state before the law takes effect
1 day ago
Karoline Leavitt says it won’t affect married women, but critics argue name-change documentation could create new barriers.
1 day ago
As regulators tighten rules and refineries shut down, the Golden State, also known as the ‘fuel island’, grapples with extremely high gas prices.
2 days ago
The answer isn't clear yet, but early signs point to his policy backfiring in a bad way.
2 days ago
Find out how to identify the affected products and what steps to take.
2 days ago
From skipping meals to avoiding driving, Americans have been backed into a corner financially.
2 days ago
The company followed the likes of Block and Oracle in axing thousands of jobs.
2 days ago