You should have a savings account, no matter how little you have, and put it away every week something.
More moments · 4
Ep 53Why the smartest kids are the ones who listen to their parentsDina Hersh (Grandma Dina)
▶1:03
Why the smartest kids are the ones who listen to their parents
Ep 53Same Saks Fifth Avenue dress, tag still on, for a fraction at consignmentDina Hersh (Grandma Dina)
▶0:52
Same Saks Fifth Avenue dress, tag still on, for a fraction at consignment
Ep 53Too many toys is costing you money and hurting your kids' focusDina Hersh (Grandma Dina)
▶1:12
Too many toys is costing you money and hurting your kids' focus
Ep 53Grandma Dina's money tips: save every week, buy consignment, buy real estate, and cut up the appleDina Hersh (Grandma Dina)
▶1:02
Grandma Dina's money tips: save every week, buy consignment, buy real estate, and cut up the apple
Try this · top 3
Quotes
“The women are spending too much on clothes.”
Dina Hersh (Grandma Dina)
“You don't give a 2-year-old an apple. You cut it up because he'll take three bites, throw out the rest.”
Dina Hersh (Grandma Dina) (on not wasting food)
“Whatever you're doing, 15 times you've done it. We've done it 150 times.”
Dina Hersh (Grandma Dina) (why children should listen to their parents)
“The smartest of our children are the ones that listen. They don't have to do everything we say, but just have an open mind.”
Dina Hersh (Grandma Dina)
“Check your receipts because it happens to me three times a week.”
Dina Hersh (Grandma Dina) (on supermarket scanning mistakes)
“What happened to borrowing? People don't borrow from each other anymore. Everyone has to own it.”
Dina Hersh (Grandma Dina) (on toys)
“How dirty are we getting? We're not working in coal mines.”
Dina Hersh (Grandma Dina) (on pouring in too much laundry detergent)
“You're saving money but you're having more fun at the same time. What could be better than that?”
Dina Hersh (Grandma Dina)
“Renting is thrown out money.”
Dina Hersh (Grandma Dina)
Takeaways
1 Dina Hersh was met by chance on the street in Cedarhurst; her first clip got about 4.3 million views on Instagram, so the show visited her at home for more advice.
2 She credits her husband's humor with teaching her to take life with a smile.
3 Experience is its own kind of wisdom: parents have made the same decisions many times, and the children who listen with an open mind do best.
4 She catches checkout mistakes often, like being charged the price of expensive Holland peppers for the cheaper ones. Families who can't afford to lose money are hurt the most.
5 Too many toys make children distracted and unable to focus; her own kids spent hours with one set of blocks.
6 She turned a request for truck ice cream into a supermarket trip, with the grandchildren eating on the car trunk, and they still talk about it years later.
7 Much of what people buy new is available secondhand: a Wall Street Journal article described $12.50 wedding dresses at Goodwill, and a relative found a nearly $1,000 Saks dress at a consignment shop for about $200.
8 Her mother, a court stenographer from Vienna, took her to auctions and consignment shops as a child. Her family was once so poor her mother skipped meals, and they started saving as soon as her husband had a steady job.
9 She avoids the stock market as too risky for most people and favors real estate, starting with owning your own home. She acknowledges housing costs have risen sharply.
10 Her closing view: America has seen better days, and the answer is moving to Israel.