Review of Dave Ramsey’s Financial Peace, Jr.

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Dave Ramsey has helped many Americans turn their financial lives around with his cash based approach to money. Can’t pay cash? Then Ramsey says you can’t afford it. His debt snowball turned typical financial wisdom around, urging consumers to pay off their smallest debts first rather than the one with the highest interest rate.

However, Dave Ramsey intends to help more than just American adults. With his Financial Peace, Jr. kit, targeted for children ages 3 to 12, he seeks to also educate children about finances.

My son was a spendthrift who begged for money all the time, so one step we took, in addition to making him work for his money, was to buy him Financial Peace, Jr. Overall, I highly recommend the kit, especially for kids ages 6 to 9, but it does have some downsides.

The kit includes:

  • A quick start guide
  • Parent guide
  • Junior’s activity book
  • Give, Save and Spend envelopes
  • A calculator
  • Wet-erase chore chart
  • Wet erase marker
  • Four crayons
  • Stickers
  • Preprinted chore labels
  • Battle of the Chores audio book
  • Link to exclusive website with bonus materials
  • Five refrigerator magnets and a magnet frame


  • Kids enjoy the Junior’s Adventure 6 CD Audio Set. My son, who just turned 8, regularly asks to listen to the CDs, and my daughters, ages 3.5 and 2, come to listen whenever it is on. The lessons are good, and the voice is captivating for kids, though it may be annoying for adults.
  • The workbook is also useful. It matches the lessons on the CD, and kids can write in their own answers such as chores they can do around the house to earn “commission” as Ramsey calls it. There are also games such as crossword puzzles included.
  • Kids learn the concept of save, give, and spend in each story. My son is now eager to divide his money into his different envelopes, and he is more thoughtful with his spending.
  • The entire kit is can be purchased for $19.95 on and is reasonably priced.


  • Most kids would be more interested in the CDs if they also had a visual component. I know Dave Ramsey’s format is talk radio, but most children would probably like to see the story as well as hear it.
  • While this program is marketed for kids ages 3 to 12, it is probably better suited for ages 6 to 9. My 3.5 year old likes to listen, but I doubt she understands many of the lessons. I also think most 11 and 12 year olds would find the CDs too juvenile for them.

If you would like to teach your children how to manage their money responsibly, Financial Peace Jr. may be the right tool. Combined with a discussion with you after listening to the CD together, your children will have a better grasp of giving, saving and spending as well as saving up money for something like the state fair, which is an example on one of the CDs. Overall, both my son and

I recommend this kit, especially if your kids are ages 6 to 9.

{ 5 comments, please add your thoughts now! }

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5 Responses to “Review of Dave Ramsey’s Financial Peace, Jr.”

  1. Kevin Ashwe says:

    Great post Meliss.Financial literacy for all and especially for children today is obviously what we need to save our economy personally and nationall in the near future

  2. Ben says:

    I would consider Ramsey for Secretary of the Treasury or Fed Chief!

  3. zapeta says:

    Sounds like an interesting program. It’s never too early to talk about money with kids.

  4. Seth says:

    I just picked it up during a 50% off sale on his website (not sure if it is still going). My son is just about to turn 2, so I have a little bit before he will really understand it, but I was hoping to slowly incorporate a few of the pieces so by the time he does understand the lessons, the activities may be second nature.

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