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Between karate lessons and math homework, we know teaching your kids about money doesn’t always rise to the top of your to-do list.
That’s why Dave and his daughter, Rachel Cruze, launched a brand-new class based on their New York Times number-one best seller Smart Money Smart Kids. In it, parents learn how to raise kids who appreciate work, value giving and practice contentment.
And because it’s a digitally based product, you can either join the class at a nearby church or participate from the comfort of your couch!
During a recent segment of The Dave Ramsey Show, Dave and Rachel discussed how much fun they had creating the class and why it’s unlike anything they’ve ever done before. Here are some highlights from their conversation:
Dave: We formatted this class differently from Financial Peace University or The Legacy Journey by changing the way the material is presented. For example, Rachel teaches three of the lessons on her own, and she and I teach three together—each lesson is only about 15 minutes long.
Afterward, there’s an additional video on the character quality behind the teaching. Then, Rachel and I sit down at a round table and have a fun discussion. We were cutting up really—we were having a blast and they just let the cameras roll. It was a lot of fun.
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Rachel: Through this class, you’re teaching your kids how to work, save, give and spend. But what you’re really teaching them are key character qualities like work ethic, responsibility and honesty.
We also go a step further into what we call “deep dives,” where we break the lesson down into categories based on the age of your child (3–5, 6–13 and 14–college). That way, parents can go online and click the specific age group their kids are in for a more customized experience.
Dave: Let’s talk about lesson one—work.
Rachel: This is a very important lesson. That’s why it’s number one! It’s such an integral part of how we grew up as Ramsey kids. I look back and I’m so thankful that you and Mom were diligent and intentional about teaching us the value of work so I didn’t have whiplash when I went out on my own.
When you teach kids to work, you’re teaching them that money comes from effort—not just from Mom and Dad’s back pockets. Plus, they’re learning a sense of responsibility by showing up on time and finishing their task. It’s all about prepping your kids in an age-appropriate way.
Dave: One of the other lessons is, of course, on debt.
Rachel: Debt is probably one of the most important topics to talk about with your kids. That’s because the generation graduating college right now is considered the most indebted generation in history—between student loans and credit cards. So being able to break this cycle in your family and teach your kids how to live debt-free is key.
Dave: In the lobby the other day, I met a young man who said he was a “Ramsey baby,” meaning that his parents went through Financial Peace University when he was young. So he’s grown up and never borrowed money.
He was taught to believe that not only can you live without debt, not only should you live without debt, but there really wasn’t any other option. He was raised to be a debt-free person. And here he sits in his 20s never having borrowed money. That’s a pretty cool thing—and you can do that with this class.
Good parenting doesn’t just happen. You must be intentional when it comes to building your child’s character. As Rachel always says, “More is caught than taught.” And that’s just what this class is all about—equipping parents to guide their kids through these pivotal growing-up years. It’s never too late (or too early) for a smart start. Start today by ordering the Smart Money Smart Kids class membership!