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5 smart money lessons from reality TV

'19 Kids and Counting': Prioritize your needs
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'19 Kids and Counting': Prioritize your needs

On average, it costs $1,160 per month to raise a child, says Keith Weber, a Certified Financial Planner in Fort Collins, Colo. Multiply that by 19 kids and by 12 months, and you've got the dollar amount that the Duggar family might spend each year on child rearing.

The reality TV show "19 Kids and Counting" demonstrates how imperative it is that we prioritize how we spend our money, Weber says.

The family is their No. 1 priority. Every child on the show is fed, clothed and housed, and you don't see a lot of miscellaneous spending. It comes down to knowing what your priorities are. The Duggars value relationships more than material items.

The Duggar family doesn't seem to have the things that clutter the rest of people's lives, Weber says.


 

 

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