US mum causes debate after revealing she charges 7yo rent, bills to teach 'value of money'

piggy bank
She says the unusual parenting method has been very successful, but some other parents arent convinced. Photo credit: Getty Images.

Many parents would have been driven to yell at their children they "treat this house like a hotel" but one mum has taken that idea to a new level, charging her young son to live in their home in an effort to teach him the value of money. 

Posting on TikTok, the US mum who goes by the handle @craftedandcrazy on TikTok, recently went viral upon revealing she expects her seven-year-old to pay bills for rent and power.

But before you judge, her reasoning actually makes a lot of sense - and she says it's been very successful so far. 

"I have a seven-year-old. He has a daily task list that he must complete on a daily basis. Should he complete everything on his task list he gets a dollar per day," the mum explains in the clip. 

"At the end of the month, he realises he has bills to pay. He pays those bills to me. He has rent, he has electricity for his room and he also has internet for his iPad."

The mum went on to explain that her child understands that some of his money must be earmarked for bills, while the rest can be considered his "fun money."

But don't worry - the mum doesn't actually pocket the hard-earned cash. 

Instead, she puts it all into a savings account for him. 

"I don't do anything with his money except for put it right back in his savings account. It has taught him the value of a dollar and responsibility," she continued.

"I am so pleased with the results, hopefully, it's something that can help you out as well."

The video soon racked up almost 3 million views, with many impressed commenters vowing to give it a try with their own kids. 

"This is smart - some of us don't understand the real world and this kind of thing would help," one fellow parent wrote. 

"Finacial literacy is often not taught at school so where else is he going to learn!" another added. 

But others thought he was too young to be worrying about cash. 

"Okay but he's seven. Why not just let him be a kid and then do this when he's a teenager or something," one person argued. 

"Home is meant to be a safe space where kids can just be kids," another agreed. 

It's not the first parenting method to split debate on the social media app. Earlier this year one woman went viral when she revealed she'd deleted her teen daughter's social media account.