October 13, 2008 08:12 ET

How to Beat the Economic Blues: Shares Tips for Paying Off Debt, Saving Money, and Raising Money Smart Kids

BURBANK, CA--(Marketwire - October 13, 2008) - In a new survey from, 67% of families revealed that their biggest economic concern was making ends meet or paying off debt. As the US economy continues to take a toll on family finances, many Americans are looking for ways to cope.

Many have already started to take action. Of the parents surveyed, nearly half chose lower cost activities or enrolled kids in fewer activities as a result of the economy, and 46% are not able to save or their children's college education. The survey also revealed that 61% of people are nervous about retirement, and even those with higher incomes aren't saving for their retirement -- 37% of households earning $100-$125K a year and 47% earning $125K+ a year haven't even started saving yet.

In this video, Laura Rowley,'s "Money Savvy Moms" contributor, further discusses the results of the national survey and what it means for Americans. She also offers advice on how seven ways to save $200 in just one hour of your time, how to save money on grocery shopping, and also, how to raise money smart kids.

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    Andrea Meyer
    Disney Online