Although the singer declared bankruptcy a few years ago, Toni Braxton is making sure her 11 and 12-year-old sons Diezel and Denim know about money management.
While appearing on The Queen Latifah Show recently, she revealed that she makes the boys pay rent and utilities to teach them how to manage their expenses when they become adults.
“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.
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. 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.”
It’s a rude awakening when you enter the real world and have to figure out how you will eat, light your home and pay your cell phone all out of one check. We’re glad that Toni is not letting her kids rely on the fact that they‘re being raised in a wealthy household. Check out her appearance on The Queen Latifah Show below: