Teaching Kids About Money - America's Cheapest Family

Learn a simple system to teach kids to earn, save and spend their own money. We've been doing this since 1995. Our older kids have purchased cars for cash, paid for college without loans and put a ton of money in savings.

Category:

People & Blogs

Tags:

• Money
• kids
• savings
• debt
• free
• America's
• Cheapest
• Family
• budget
• banking
• allowance
• cars
• cash
• clothes
• payday
• job

[MMAbadboy]

I wish I learned this system during college. Now I have enormous debt and am working my rear off trying to pay it off.. Does anyone know when this was recorded?

[MavinOfSavin]

@MMAbadboy This interview aired on September 8, 2007.

Good things will happen as you start paying off debt. We've got several articles on our website that contain tips for ways to negotiate down your debt. Visit AmericasCheapestFamily and search for debt.

Keep going, you're going to make it!

Steve & Annette

[MikDonsen]

These kind of shows would have more weight if they showed upper middle class families doing this. Rich people are the cheapest that's how they get rich.

[MavinOfSavin]

@MikDonsen What is rich? Is it simply more than what you have. We aren't rich financially— don't want to be, but we are rich in what matters most — family relationships and friends.

[wakrazykat]

Wonderful parents! What a great example for us all!

[shinyam75]

SKIP to 1:10 for the actual video. The first minute is just REALLY annoying introduction, over and over. Thumbs up to save other people 1 min of their life.

[Jonzen77]

Hmm I think these kids are being taken advantage off. Getting points for being a good little puppet and not being allowed to complain about it. And having to buy the clothes they wear with the allowance. Well it didnt say how much they get for all this ,maybe its decent.

But atleast teach your kids that money lose value the longer its saved . And i am realy amazed that the kids wanna go to college. If this family cant spot such a sorry deal ,what chance does rest of america have.

[mystaybuzz]

great way through action to teach money mgmt to kids... never heard of this method before.. so thanks for the video post!

[MMAbadboy]

@MavinOfSavin Thanks, I'll definitely check it out! thanks for the words of encouragement. I referred my friend to this vid and he said he is definitely gonna use this with this babies when they get older.

[pamosowsk]

There are some great ideas here! I like how it puts the control and responsibility in the hands of the children.This family has taken a lot of time and has implemented a great system. Way to go. May other parents get ideas and teach their children money smarts!

[ieden5432]

@MMAbadboy possibly

[MMAbadboy]

@untidef , don't get a job just yet. Focus on school and go to college... Then you can get a career..