Watch Bank of Mom and Dad

Bank of Mom and Dad was a reality TV show that aired on SOAPNet, a cable channel dedicated to soap operas, in 2009. The show was designed to educate young adults about financial responsibility and help them learn how to manage their money. The premise of the show revolves around a group of young adults who have a problem with their finances, whether it be poor budgeting skills, a credit card debt, or a lack of savings. Enter the Bank of Mom and Dad, a group of real-life parents who are willing to lend their children some money and give them some financial advice – with a catch.

The catch is that this is no ordinary loan. The parents don't just hand over the money and let their children go. Instead, they become financial advisors to their children, teaching them how to budget, save, and invest their money wisely. And they don't do it alone. Throughout the show, financial experts offer their advice and insights to the parents and young adults, helping them navigate the complex world of personal finance.

Each episode of Bank of Mom and Dad focuses on a different financial problem faced by the young adults. For example, one episode might focus on a young couple who have gotten into debt through overspending, while another episode might follow a young adult who has no credit score and needs help building one.

The Bank of Mom and Dad work with their children to come up with a plan to address the financial problem at hand. They set goals and timelines, come up with a budget, and make a plan to pay off any debts or start saving. Throughout the episode, viewers are given a window into the financial lives of the participants and are shown how the plan is progressing.

The show is both entertaining and educational, teaching viewers about financial concepts like budgeting, investing, and credit scores. It also highlights the importance of financial responsibility, something that is often neglected in our society. By showing real-life scenarios of financial problems, the show gives viewers a glimpse into the challenges faced by young adults today and how they can overcome them.

Overall, Bank of Mom and Dad was a well-received show that ran for one season. It was an innovative concept and provided a refreshing take on the reality TV genre. By educating young adults about financial responsibility, the show offered a valuable service to its viewers and helped to change the way people think about money.