If you’re ever looking for parenting advice, Toni Braxton may have a few tips for you. While promoting her new book Unbreak My Heart the singer revealed some interesting about how she raises her two sons, Denim and Diezel.
“They get ten and twelve dollars a week, and one pays me two dollars, the other pays me three dollars. Seventy-five cents for gas and electric and fifty cents for cable and things like that,” Braxton said in an interview with Queen Latifah. “Just so they can understand the value of a dollar and they can understand that when you get older and have to leave, you have to pay bills.”
The singer said she picked up on the idea from how her parents raised her.
“It was a shock to me when I found out I had to pay bills, like, ‘What do you mean rent?!’ So I thought I should instill that into my little boys.”
When you consider Braxton’s personal financial bouts - which included two bankruptcies - it comes to no surprise why she would choose to foster financial literacy with her sons. Plus it’s always refreshing when we hear about celebrities not spoiling their kids with the finer things in life, simply because they can.
Braxton’s parenting choice to make her sons contribute to bills around the house can be a teachable moment for many parents, no matter their tax bracket. Particularly in today’s generation, children must not grow up thinking that money comes easy. It’s crucial that young people (especially of color) learn early the realities of finances and budgeting. It not only prepares them for what’s to come, but it helps frame the way they look at and treat money.
Bravo to you, Ms. Braxton!
What do you think? Would you make your children contribute to bills from their allowance?
(Photo: Sony Pictures Television)