Smart Money Happy Hour with Rachel Cruze and George Kamel - Putting Our Financial Knowledge to the Test (With Special Guests!)

Episode Date: April 17, 2025

📈 Are you on track with the Baby Steps? Get a free personalized plan. Today’s special guests may not be old enough to drive a car, but they’ve got some serious money chops. In this episode, test your knowledge as Rachel and George quiz each other (and the Cruze kids!) on personal finance. Next Steps: 🎥 Watch our video Surprising Money Facts Everyone Should Know. 👩‍🏫 Enter for a chance to win the Ramsey Teacher Appreciation Giveaway! 👦 Get the Financial Peace Kids toolkit. 📘 Get Smart Money Smart Kids by Dave Ramsey and Rachel Cruze. 🍸 Follow Smart Money Happy Hour on TikTok: @smartmoneyhappyhour  📱 Submit a Guilty As Charged question for Rachel and George! Send a DM to @rachelcruze or @georgekamel on Instagram! Be sure to type “GUILTY?” at the top of your message so we don’t miss it. 💵 Start your free budget today. Download the EveryDollar app! Connect With Our Sponsors: 🔒 Get 20% off when you join DeleteMe. 🌿 Get up to 40% off with code SMARTMONEY at Cozy Earth. Today’s Happy Hour Special: 🍋 Lavender Lemonade Recipe: @theenikj 1 1/2 cup sugar 1 cup water 1 tablespoon dried lavender buds 1 1/2 ounces butterfly pea flower tea 3 ounces lemonade Instructions: Lavender simple syrup: Place sugar, water and lavender buds in a small, covered saucepan on medium heat. Once it’s at a boil, reduce heat and let simmer for 10 minutes. Strain into an airtight container and store in the fridge. Mocktail: Brew the butterfly pea flower tea. Then, add lavender simple syrup to the bottom of a highball glass. Add ice and pour in lemonade. Garnish with fresh lemon slices before adding more ice and topping with butterfly pea flower tea.   Explore More From Ramsey Network: 💡 The Rachel Cruze Show 💰 George Kamel 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights   🧠 The Dr. John Delony Show 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we're testing our money knowledge with some very special guests. If your mom could buy anything in the world right now, what would she buy? A coffee mug or a book? Wow. So she doesn't have enough coffee mugs? I think we have plenty. What if there was a new chore I could give you and pay you $10? Would you pick up dog poop in the yard?

Sure. Hey guys, I'm Rachel Cruz. I'm George Camel. And this is Smart Money Happy Hour. Well, this is the show where two friends who have. Happen to be money experts talk about, which you're talking about. Everything from pop culture, current events, and money. But first, Rachel, let's talk about what we're sipping on here.

This is My Little Pony Became a Real Drink. It's called a lavender lemonade mocktail. Look at the glitter, George. I always ask for more glitter in my drinks. I say that's exactly what I want stuck in my body for an unforeseeable amount of time. It will not escape. It's so fun. My grandchildren will know.

Okay, but it brings like joy in youth. Joy and youth. It just looks like it shouldn't be edible. Oh, my gosh. But I know it's called edible glitter, but who's making it? I need answers. This is my conspiracy theory. We'll stick around until the end.

We'll give you our rating and reveal the cost per glass at the end of the episode. All right, well, it's springtime, George. We love springtime. I love springtime. Our birthdays are in the spring? Yes, they are. The iconic miscongeniality, perfect date. Can you say the quote?

Mine. Yes, my birthday is April 25th. Not too hot, not too cold. All you need is a light jacket. Wow. It's made me so happy. That felt very like pageant quote. Well, it was. It was misconignality. It was a page.

It was a page movie. It makes sense. No, that tracks. Okay. Did you also know, more importantly, April's National Financial Literacy Month? Yes. You know, I do know this because we work in the world of personal finance. We live it.

We breathe it. Yes. But it is. It's a month that really is dedicated to the youth, if you will. That's right. And say what you will about California. They recently became the 26th state to require financial literacy in school. We love that.

Yeah. So there are a lot. of states now mandating financial literacy because everyone says always if I had known this stuff in high school my life would be different and so setting up you know the knowledge base early on in the world is so great so that's why we love getting to middle schoolers and high schoolers and talking about this so in honor of fin lit season as we call it in the biz we decided to bring a piece of our personal finance curriculum to you so you can put your money knowledge to the test yeah so later on in the episode we're actually going to do a quiz between george and myself in our personal finance curriculum

and see if we could get it right. You love anything competitive. It gets super like tactical, though. Like, it's not just like, what's baby, step four? It's like talking about W-2s and stuff. And you guys will play along in the comments. But first, we created a special money quiz for some very special guests, so let's get them up here.

Welcome. Here they are. Hi, girl. Hello. Hello. Should we introduce them? Do the people know who these are? Why don't you say your full name

and see if they get a hint of who they are with their last name? So what's your name? Caroline. What's your last name? Cruz. Cruz, that's right, my daughter. Carolyn, how old are you, Caroline? Seven.

Seven. What grade are you in? First grade. That's right. And you? Amelia Cruz. Amelia Cruz. I'm pretty much 10.

Technically nine. We'll round up. That's right. When this airs, you'll be 10. Yes, that's right. Yes. And what grade are you in? Fourth grade.

Awesome. Okay. I want to chat about money? Sure. Who do you think is smarter when it comes to money so far in life. Yeah, like who handles money the best? Like, what do you mean?

Like, dad. Dad. Okay. Okay. Not the answer I was looking for, but it's the answer I wanted. Between the two of you, are you better at saving money? I'd say yes. Okay.

Are you better at spending money? Yes. They're both a gift. They're both a gift. They are a gift, yes. Okay. So we have some questions that we would like you to answer. We want to make Papa Dave proud.

You know what I mean? He's watching right now from wherever he is. And he wants you to get the right answer. Oh, my goodness. Ready for this? Okay, we'll start with this one. Girls, what is a bank? A bank is where you keep your money.

You can keep some of your money or like borrow money and then like repay. That's right. Do you remember that word is called when you borrow money and repay it? Nope, I'm no clue. It's because you don't do it. Debt. That's why. Remember debt?

That's my thought. And do we... That thing. And do we use debt? No. When you swipe a debit card, where does that money come from? The bank or like your account. Bank? Yeah. Ding, ding, ding.

And where does the money come from that's in the bank? The government? No. Well, she's not wrong. She's not wrong. It could. But what's Mommy doing right now? Working.

She's working. So she earns money so she can pay it to, like, you know. Put in the bank. Brilliant. There you go. Wait, do you have a bank account? No. Do you have a bank account?

No, I don't think so. Do you want one? Kind of. If I need one. If I need one. One day. Right now, if you get birthday money, where does it go? In my room.

Oh, like under a mattress and you have a special drawer? I have like a special little box that I have. Where do you put the box? On the top of my shelf, so Charles, my little brother, you can't get it. Oh, that's smart. Yeah. He does that too. No, he steals are like twins and deserves him.

Yes, very much. This is an ongoing pattern from this young man. Does he think he deserves this money that you worked hard for, that you were given? No, he does not deserve it. Wow. He needs to work and earn his money. What happens when he's tall enough to reach the shelf? Got to find another spot.

Find out of spot. Let's hope he doesn't grow too tall. Do y'all ever lose money? Not usually, unless I forget to live. like put it like somewhere what's the most amount of money you've ever seen physically uh like 200 bucks nice my dad yeah he pulled it out and he was like hey 200 bucks right there were you impressed sort of it's like the show it's called mr beast games and like oh yeah that yeah how much money was that uh i forget it's like it was five five thousand no five million dollars yeah that's probably

you five thousand hundred i think if you spread out the zero Okay. That's amazing. I love it. That was a lot of money. Girls, why is it important to give? So like... It's good.

So people who don't have money, it's nice to give to those who are less fortunate. Mm-hmm. And help people out. And like people who like need it the most. Mm-hmm. And kind of like donating toys or something that you don't use anymore. For other kids who don't have that much stuff, you know. Yeah.

And when y'all have done that, what does that do for you? Kind of makes me feel better sometimes, but like, sometimes, like, I accidentally donated to it. Like, you could do that and, like, not want to. That's fair. So you don't always want to give things away. But sometimes we have so much that we're like, you got to pick something. Something's got to go. Yeah.

Is it hard for you, Caroline, to give, or do you like it? I kind of like it. You like it? It's good. Depends. Depends on what it is. Classic saver and spender right there, you know? we always say it.

Give it away. Give it all away. Okay, this one's about mom. Can you be honest? I'll try. If your mom could buy anything in the world right now, what would she buy? A coffee mug or a book? Wow.

So she doesn't have enough coffee mugs? I think we have plenty. Okay. She just likes to have a lot of all of it. Like new clothes. New clothes, coffee mugs, and books. Yeah, that sums it up. What about your dad?

What would he buy? Maybe like some new tools or like... Some bricks or something? No, no, no, like a new, like, I don't know, like, a, like, rins or, like, hammer. So he would, like, go to, like, Home Depot or something and want to get some tools. Yeah, he does that. So far he's been looking at, like, bird feeders or something. Oh, yeah, that sounds like him.

I've heard he's into rocks. Oh, yeah, he's been funny. We're like, you're in a garden. Okay, so can you go buy a rock somewhere? Do they just have rocks for sale? Probably. Like a bag of rocks? Yeah, it makes sense

Someone's got to get the rocks And then sell the rocks What are you saving up for right now? Really nothing You have everything you could ever want Yes Is there anything you want that mom and dad said no to? An iPhone

Oh I buy another like pillow or something Like a squish mellow Oh, I love squishmelons Let's talk about Target You know your mom spends a lot of time at Target She does She donates a lot of money to Target

And they give her stuff go. Where else does she go? Oh, Old Navy. Old Navy. Yeah, that's a good point. Target shopping there sometimes.

What about fast food? Normally just order online like groceries and stuff. Like you never go to the store. Yeah, she never go to the grocery store. So lazy. Okay, so you're saying she's lazy, doesn't go to the grocery store.

Kind of. Yeah. Maybe. She's done to every morning, every Saturday. Instagram. So a perfect Saturday for mom. Maybe says you need to get out more.

She goes to Target, Old Navy. How does she eat? Yeah, exactly. How does she get food? She orders it online. Okay. What about fast food? Do you ever get to go through a drive-thru or something? Sometimes.

What's your favorite spot? Chick-fil-A. Chick-fil-A. What's your order? Eat food. Yeah, eight-count nugget. Yep. With, like, fruit.

No, Caroline, you don't always eat. It depends how hungry I am. Okay. Sometimes she's famished. Do you know how much an eight-count grill nugget meal costs? No. Guess. Eight.

Eight dollars? It's pretty good, actually. Yeah? It's pretty spot on. How much do you think it costs a million? It's an $8 below. Because it's an eight-count meal, so $8. That makes sense.

It's in the name. They're counting out $8 and you get eight nuggets in return. So a dollar per nugget is what you're willing to pay. Yes. Okay. That's very good. If you wanted to buy something at Target, how would you get money for that? Either by earning it or like, yeah, normally by earning it.

How do you earn money as an almost 10-year-old? Doing chores. Like doing chores. And like when mom and dad go out of town, I take care of June sometimes. Oh, so you take care of the dog, and you get some money. Okay, what's the most lucrative chore, the one that would make you the most money? Taking care of June. I get 10 bucks for that.

Cleaning the whole playroom. How much is that? That's only like five bucks, Caroline. Oh. She's making dogs. double taking care of the dogs. Exactly. Okay, so how much can you make in a week?

If you do all the chores, how much could you make in a week if you really worked hard? I don't know. Mom doesn't always pay us for like doing, unleading the dishwashers. Yeah, that's a family chore. That's smart. No, it depends, though. I'm serious. Do you pay mom for cooking ever?

Nope. That's what I thought. Some things you just do for the good of the family. Yes. Part of the family. What's your least favorite chore that you get paid for? Doing the dishwasher. I love doing that.

It's actually kind of fun. I don't always like cleaning the playroom because it depends on how messy it is. I don't mind cleaning my room because I know where stuff goes. But like... Our stuff always gets like big stuff. And I'm like, does this go here?

Do I? Do I? You always go. What if there was a new chore I could give you and pay you $10? Is there something you enjoy doing that you aren't getting paid for? For $10?

For $10. Would you pick up dog poop in the yard? No. You wouldn't do it for $10? No, I'd do it for $20. Because when I was a baby, Mom said she could do everything except dog poop. Oh, that was her one thing when getting a dog. She said, listen.

You gagged at the fish when you were cooking. I do gag. They bought a fish. And it was in the kitchen. I was cooking. I was like, Wow. It's so gross.

It's gross. I'm very sensitive to stomach. We all have our limits. Okay, can we do some math? I heard you're really good at math. I hate math. You hate math. Just throwing that out.

And you got first place? Yes. And cahoots? Yes. And your class president as of today? Yes. Along with Cole. Yes.

What did he do to deserve it? I have no clue. He's just the funniest in the class. He doesn't deserve it. You know what? Take down the patriarchy. That's what I say. Okay.

How much money is this? Ready, count it in your head. Four quarters, one dime, and one penny. What does that add up to total? I have no... Wait, can you say that again? Four quarters, one dime, one penny.

I have no clue how much. $1.11. I do not do money. I'm learning decimals in school, so like, well, I just moved on from that. So a quarter is how much money? A dollar. Well, no.

Four quarters. Sorry, four quarters is a dollar, but one quarter is $25. Okay, so four quarters, one dime, one penny. What's the total amount? $1.11. There it is. Well done.

Good job. Good job, girl. Good job. Okay. Do we have another? I think that's it. Any questions we miss? that you think are important for the good of the group?

What would you come to me for as your mom when it comes to money? And what would you go to dad for? I'll go to mom. Can I spend this on this? And I'm usually going to say more yes than dad. Yeah. Dad's always like, why don't you save it for something?

Like, why don't we like just save it for something that you need? So what you're saying is the things that you want are just wants. you don't really need it. It would be fun to have. Yeah. What does he think you need that he thinks you should save for? A car, like to put...

Why a car? We're so young. But like if you save... She has a point. She has a point. You might add up to, like, get a car. You're still little. Okay.

Do you know how much... In the future. Come in soon. In the future. Coming fast. Yeah, you're going to be driving in, what, six years? That's scary.

Do you know how much a car cost these days? 15,100 million. Honestly, somewhere in the team of it. That's Mr. Beast money. You know what I'm saying? Okay, so what do you expect when you get to drive? Who's going to pay for the car? Have you talked about that?

Maybe like half of me and then half of like my parents or like... For my husband or my parents. In that point? So the husband buys the car. So at 16, you have a husband who pays for the car. Probably. I don't know. Okay. I really don't know.

I don't know the future. Nobody knows the future. But husband is a 16 is a potential. I like this plan. Do you know what car you would want to drive? Yeah. Or a gray van. Good girl.

Any kind of van. You just want a lot of room for activities. Or a convertible. Oh. Now we're talking. All right, girls, that was a really fun game. So we're going to let you go for a few minutes. But will you come back and do our guiltiest charge segment with us?

Yes. Wonderful. Okay, perfect. Thank you, girls. I love doing this. I want to do it every day now. Oh, do you? I really do.

Yeah, you love it. So fun. It's fun. Anyone can have a podcast these days. Anyone can do it. We'll just get you a mic. It's great. You're going to do great.

So we were just talking about some of our favorite products that we've purchased with Amelia and Caroline. And we've got to talk about another favorite product, which is anything from Cozy Earth. Love Cozy Earth, George. It's absolutely incredible. Like the quality of the stuff, you guys, it's amazing. And it's just beautiful. And I feel like this is a silly thing to say.

But it's stylish. Like, sometimes you buy stuff. And you're like, oh, that's a weird. fit. Like even the way it fits, everything, it is wonderful. In fact, my brother-in-law got him a pair of joggers for Christmas. He loved them so much. He bought another pair in a different color and then bought my sister-in-law some of the pajamas. And they were like, they're obsessed. So. I feel like you're now a low-key influencer. I love cozy earth products. I do from the sheets, the robe. I wore it this morning getting ready. Like, I just, I love all their stuff. The blanket. The blanket is epic.

My wife loves the PJ set. And so if you want to get some great quality products for the people you love, or for yourself, they're giving our listeners and viewers an incredible deal up to 40% off. 40% off at cozy earth.com slash smart money or use the promo code smart money at checkout. This is your best, boozy, frugal life. It's time. Some of y'all need to upgrade. Yes. Cozy Earth is the way to do it.

Go get you some Athanasia from Cozy Earth. That's amazing. All right, George. So as we're talking about kids and money, let's break down some ages really quickly and just talk through some things that you can start applying to your own kids if you have them in your household to allow them to learn about money. Yes, that are age-appropriate. Because I have a one-and-a-half-year-old.

There's not a whole lot I can do at this stage of the game. No. But as they get older, you'll see it really starts to pick up steam. So let's start right. I think like three to six. Is that a good starting range? Yeah, I think that's great. Yeah, and this is where they can kind of start doing some small chores.

They can start picking up after themselves a little bit, right, with your help. But to show this progress, I think is what's important. A little bit of responsibility. Yeah, and just like, oh, there's toys on the ground. but if I picked them up, it is clean. You're starting to see this causation of life. When you do work, what happens? And then also, when they're this young, pay them,

you know, on a couple of chores too, so they can actually learn and associate that money comes from work. Yes, and a little chore chart goes a long way. We have a financial piece junior that can help with this. But it's fun to say, hey, if you help carrying the groceries, you set the table, you put the laundry in the basket, you get a dollar. Yeah, it's great. Yeah, and I would pay them right away at this age.

And also, you know, no percentages. You don't have to be like, oh, you have to use this specific. amount of money for this or that percentage-wise. Just like, let them just save up some money, have some fun. And let them have some instant gratification. Again, they're like three, four, five here. It doesn't need to be complicated.

So it just encouraged them with some positive reinforcement. All right, seven through 11. Here's some chore ideas. Feed the pets, vacuum, bring the mail in, fold and deliver laundry, pack their own lunches and load and unload the dishwasher. Yeah, we heard Amelia talking about how she loves unloading the dishwasher. Dishwashers is one.

I'm like, Caroline, on the other hand. Not so much. Not a fan. Not a fan. Not for her. Of the dishwasher. And then there is where you can kind of pay them weekly. So this is the age that my kids are in.

And I'll just say, it is hard. It's hard to keep up with everything. And I've just noticed for me on my phone app, I will put, like, if they've done something and I don't have the cash, I'll just like, I'll put a note. Yes. And then it's like, okay, now here's, you've done a couple of chores together.

Here's some money that I can pay you. And this is where you can start to introduce the idea of commission. Yes. You do this. You get paid. And yeah, yeah, you work, you get paid. And this is an age I would split up the money into giving, saving, and spending because you want them to do all three. I understand.

This is the only three things you can do with money, and it's good to do all three. All right, ages 12 through 18. So at this point, they can do things like babysit younger siblings, mow the lawn, washer, detailed cars, work at Chick-fil-A or Target, referee sports games. So there's some things they can be doing. Once they kind of get in the mid-range of that, like 15-16, you can get their own checking account, like a student-checking account under yours. So they can learn about having a debit card, an account.

all of those things. But they really start becoming more and more independent with money, which is great. You want to, like, loosen the rope a little bit. Yes. So when they're out on their own, they've been doing it.

And that's the key, is by the time they're 12 to 18, they already have the foundation, the principles down. Now they're living it out. They're kind of becoming a little more independent. And it's becoming more real. I mean, they're actually getting paid.

They've got to figure out what a paycheck looks like, how to get it into their bank account, how to use the money, what happens when you run out of money. If Americans got a hold of this, we would not be trillions and money. debt. That's true. Just the basics, George. We just save the basics. It's that hard and it's that easy. So parents have a large role to play. And you wrote a whole book called Smart Money, Smart Kids,

that is incredible that really helps outline all of this. So be sure to check that out. We'll drop a link in the show notes. So being a Ramsey personality, one thing that I love being a part of is our high school curriculum. So we have foundations and personal finance. And you guys, this has been taught in 45% of the high schools across America, which is crazy. It's like 7 million students. Wow. And so it's just incredible. And we love the team. teachers that teach this. We so appreciate a lot of states. Absolute heroes.

Yeah, are mandating financial literacy, kind of what we were talking about. So we do love seeing even legislation from a higher level come into play to really be like, hey, we need to teach our teenagers how this stuff works. And George, we know the teachers in schools. They work so hard.

And so our Department of Ramsey Solutions, foundations and personal finance, our curriculum department is actually giving away some vacations. A little teacher appreciation giveaway. For some teachers out there. Yeah, so one teacher could win. then a $5,000 trip a vacation, and then two teachers are going to win $3,000 vacations each. Yeah, so you can enter to win April 1st through the 30th, 2025.

Teachers of any subject, pre-K through 12th grade and homeschool teachers are eligible. So if you're a teacher, you have a teacher in your life that you love. Send them to this website. Ramsey Solutions.com slash teacher. No purchase necessary. All right. Our team has pulled some questions that came out of our personal finance course. And we're going to see you can answer them the fastest.

It's going to be super fun, George. So play along at home if you're listening and watching. Drop your score in the comments. If you get them all right, I think you might beat us. Unbelievable. This might be hard. Now, before we get to that, one thing that is so important to talk about is your internet safety. Look at you.

You don't realize how often you put your information out there and companies like Delete Me, which is a wonderful subscription. They go in, you guys, and they remove your information because companies, companies will take your information and then sell them to other companies. And we don't like that because that means you're going to have a lot of spam, a lot of scammers, all the things. Yeah. So if you want to protect yourself, get to delete me in place. They do this all year long in the background and they'll send you these reports every other month showing you what they did, what they found, what they removed, and how much time they've saved you. I'm up to 77 hours and they have removed me from 240 data broker sites and reviewed over 20,000.

Yeah. Who has the time? Delete me does. Delete me does because that's what they do for you. So we love DeleteMe. So make sure to check it out. Join DeleteMe.com slash smart money. We'll give you 20% off any of their annual plans

and it is worth every penny. Get this done today. All right, George. So Kelly has, she's out actually sick this episode. So Alex, our wonderful producer here at Ramsey, has stepped in and I think you're actually going to kind of moderate the quiz for us, Alex. Is that correct?

Oh, it's a big job. Uh, yes. You feel the pressure? I feel the pressure. Rachel's very competitive, so... It is multiple choice, right? Yes, we got multiple choice. Oh, multiple choice questions here.

Okay. So let's start off with an easy one. Uh, number one, what is an example of an appreciating asset? A, a home, B, a new car purchase... A. You can't, but they have to hear all the answers. They're playing along at home, Rachel. Okay.

This is speed round. I think you could say it. I think if you hear the answer. What were the other ones? just so Alex can feel heard. Thank you, George. New car purchased within the past six months. A piece of farming equipment.

A computer used for business purposes. Okay, it was A home. A home is the only appreciating asset. All right, you all ready for number two? Here we go. The average college student in America graduates with blank in student loan debt. $35,000.

Just say you cheat. She's right. Just say you cheating. I know. I know it. The other answers were... I know it. I just said a college section and a talk.

For everyone at home wondering why Rachel's really in the game, this is just who she is. George, you need to pick it up. Maybe you should be filling the blank. I just kicking your... I didn't know we were playing like that. You know, we're playing dirty. All right. Okay.

Here we go. Three components of compound growth are money, time, and... Rated of return. Dang. It was great of return, guys. That was good. That was good. All right. Number four. Blank is a number four.

an official ban on trade with a country a tariff b a rationing c a quota or d an embargo embargo i'm going to give that one to george slightly slightly i think we're neck and neck two and two maybe all right all right okay number five federal deposit insurance corporation fdic and national credit union administration nc ua keep your money in the bank insured up to blank per $125,000. Final answer. It was $250,000. Damn. Comments. $500,000 if it's a joint account.

Bonus answer. That's good to know. A lot of joint, we tell people to join bank accounts. What they don't know, they're protected up to half a million. That's good. That's good info. America to know. For account category.

Okay. All right. All right. Number six. What is the main IRS form that most Americans use to file their taxes? W-2. 1099 You're just going to keep saying numbers?

All right Is it A, form 1099 B, schedule C, C, form I-9 D, form 1040. That's the one. That's the one you actually used to file. Yeah, it's a 1040.

So the W-2, the 1099, those are income, but that's not the actual return. Oh, fine. All right, two more. Number seven. Stupid. What does the form W4 estimate? Withholdings. A, how many tax returns you need to submit.

B, how much money you'll spend in that fiscal year. C, how much tax you'll owe based on your personal situation. Or D, how much income you should be making. It's C. C or D. I'll give it to Rachel. It's C. But then you said or D, so now I feel like I should win that one.

No, it's okay. It's fine. It's fine. It's great. It's fine. Okay. So repeat the answer for us. How much tax you'll owe based on your personal situation.

Okay. That doesn't feel like a dictionary definition, but I will let it slide. It's close enough. But if you need to change your withholdings, it's the W-4 form. Yes. Okay. Exactly. There you go.

All right. All right. Number eight, this is the last question. Okay. All right, here we go. What type of interest rate is locked in and won't change for the life? Rachel gets it. Sorry.

Not sorry. Not sorry. I think we tied. Yeah, it's close enough. We tied. Is it fun to tie? No fun. Do you watch a football game where they tie and you go, isn't that fun?

Isn't that fun? That means it's a good game. Now we have to go into overtime. So we like that. Oh, an overtime question? Yeah. All right, overtime question. Wait, you have it?

No, he doesn't have it. Oh, I was like, oh my gosh. Unfortunately, I don't. Oh, man, y'all. Well, that's good. I think we've learned what. These are pretty hard questions for a high schooler. So I'm impressed.

These are intense. I do love when high schoolers go through the curriculum and they go home and they're teaching their parents about personal finance. Yes. Oh, it's the best. So here's what I well say. This is some final thoughts for me. Parents have a lot of guilt and shame and baggage when it comes to money. And there's a lot of things they don't know. And therefore they don't want to talk to their kids about it. But guess what?

That means your kids are going to learn it from TikTok or whatever they heard on the bus if they're not going through our curriculum. And so it's on you as a parent to make sure your kid understands this. No, it's so true. And it's so fun, too, because we have seen people that have taken the high school curriculum. And now they're like, oh, yeah, I totally took your curriculum in high school. And because of it, I chose the right college that I could afford. I stayed away from credit cards. Like, they do it all.

Saved up cash for a car. Yes. So it is proof that your kids are listening and they're watching you. And so, yes, you have such an impact that you can make because we've seen that. So we love it. It's important. And the earlier you get it, the better. I don't want anyone out there to go, man, I wish I had this.

Well, listen, the best time to plant a tree was 20 years ago. the next best time is today. So it's never too late to learn. You like that, old man wisdom? Wow. Farmer George. Can I tell you, George means farmer in Greek. No, it doesn't.

Google it. Unbelievable. Felt it in the spirit. So good. Okay. Well, let's bring the girls back for our guiltiest charge and raid our drinks. All right, girls, welcome back.

Now, before we spill the tea on guilty's charge, let's rate our drinks. It's a lavender lemonade macktail. It has... It does have glitter. So I'm drinking glitter right now. Yeah, unfortunately. I thought the same thing.

I'm glad someone's with me on this. I don't care if it's edible. I don't think we should be drinking it. What would you give the drink? I'm going to... I'm going to give it a six. Wow, really, George. I want it to be more sour and almost more sweet.

It almost isn't enough, but I like it. Eight. We got an eight, all right. Seven and a half. All right? I'm the highest. I'm a nine. I thought it was delicious.

It was good. Yeah. Okay. Here's the last part. Guess how much the drink costs? Just making one of these, how much does it cost when you split it all out? Five what? Dollars.

Wow. Okay. Is that too expensive or too? No. Well, how much do it cost us to make? Not how much would you pay for it at a restaurant. Like individual, like, items? Yes, you split it up.

You got all the ingredients, you made it at home. What does it cost per drink? The glitter is probably like two bucks. And then like the lemons are probably like three. five maybe five dollars for one lemon okay we're like

we're getting somewhere two dollar each lemon so the lemons together would be four okay so how many the layers are going to be two so that's six and it has sugar and water dried lavender buds

and butterfly pea flower tea did you know that's who you were eating a butterfly no wow yeah that changes your rating doesn't it now it's not an action a butterfly. It's a type of tea.

Oh, okay. That made me scared. It's a flower. It's just the name of a flower, and then for some reason they decided to put the flour in our drink, which I think is not okay. Here's what it comes out to. Ready?

23 cents per drink. No. Less than a quarter. Unless they would, I don't know why the team would lie to me. Wow. That's a cheap drink, y'all. Pretty good. That does not cost a lot of money, does it?

No. So, give it a try the first. weekend. We're going to put the recipe in the show notes and let us know what it costs you to make because I don't even know where to get these ingredients. Unbelievable. I don't know where to get edible glitter. Exactly. George, I think now it's time for guilty as charged. And this is where our producer, Alex, is going to give us a new guilty charge question. We get a new question every week, girls. And if you're guilty, which means if you've done this, you've got to take a sip of your drink. Okay. All right. Alex. So this question is for everybody. So,

girls, weigh in. All right. Here we go. Have you ever bought something with your own money and regretted it or never used it at all? Oh, that's a good one. No. Never? Nope.

You used everything you've ever wanted in your life. Anything you've bought that you thought, oh, I probably shouldn't have bought that. Closed? A pogo stick, because it was too hard. Oh, but I just the Pogo stick. I know, yeah. You're guilty. You're guilty.

I'm guilty, too. The old pogo stick. I really don't think I did. Wait, did you get a Pogo Stick for free? Yeah, I did. Very generous of you to donate it to a friend. After I gave her the Pogo Stick, I'm like, let's buy another one. Like, an easy one.

Because there's like this one where you pull up something, and then you like hold it up and then it bounces. Oh, it doesn't want to be for you. Yeah, and it's a foamy box. And it's so annoying. Charles likes to do it, and he's like, bounce. And it will all around the house. But it's hard to go down the stairs. Yeah, I would not suggest that.

It feels very dangerous. Very dangerous. Okay, so we got a Pogo stick drama. It was a drama moment in the house. The Pogo Stick drama was very real. I feel like you should give her something in a return that you're not using. I'll think about it. All right.

That's good. She's not going to think about it. How about you? What's your last regretful, not used purchase? Last regretful purchase. I bought two dress. I just saw this in my closet recently, so I'm thinking of that. I bought two dresses for our clothes. Christmas party for Ramsey Christmas party and I didn't wear one and there was one I was going to

take back and now if I do it's on sale and I won't get as much for it and I haven't worn it but I might just keep it I'll see if I regret later that was it that is really sad I think it's close you said it's sad you know what I thought I thought I could be a sweater guy and so I bought some like nice sweaters okay and I never pull them out and go I'd love to put on a sweater today love to be hot indoors and then regret it and not be able to take this off. Okay. That's fun. But hey, I'm glad that you have no regrets in life so far. I've had different, like, I don't know, like different things that I regret, not like by buying something. Not stuff you've bought. She's a saver. And Amelia, she waits a little bit to buy something. I would say, yeah, you're not as impulsive. How much are you looking to save? Like,

what would be a crazy amount if I could save this much? It really depends on, like, if I'm saving for something. $500? I don't know. I don't think I need that. much to like buy something. Yeah, that's true. What are we buying out here for five? I'd like a video game system? Something that you need. But you guys have everything you want. Your parents take care of you. For now, yeah. You're not suffering at all. You're living a great life. Yeah. Okay, my one last request, can I come over for a pool day? Yes. Of course. Yes. Anytime you would. We got it on camera. Can't take it back. Come and swim the summer and bring

Mia. Probably not. Oh, yeah. Can you teach my little daughter how to swim? She's only one and a half. Not a very good swimmer. Yes. But you're saying you could teach a one and a half year old how to swim. No. With floaties, yes. So they wouldn't.

Sure. I appreciate that. Pool safety. Very exciting. Number one. Well, thank you for answering honestly for the guiltiest charge. And we need more of those questions. So for everyone listening and watching out there,

DM us, your guilty is charged questions. You want to see answered on the show at Rachel Cruz and at George Camel with a K. And maybe you'll hear your question in a future. episode. Well, girls, thanks again for coming in. You're welcome. Spending your afternoon with us after a long day at school. Thank you, thank you, thank you. Love you both so much. And if you guys loved this episode, make sure to check out the episode we have of I was today years old. You can click the screen for that one, or if you're listening on podcast, we'll put a link in the show notes. Make sure to subscribe to this channel. So you don't miss an all-new episode of Smart Money Happy.

Cheers. Cheers. Wait to the nice people. Say bye. Thank you. Thank you for watching us.