Smart money lessons from reality TV

'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 said.
Spencer Tirey / AP

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By Heather Larson, Bankrate.com

'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 said.