3 Money Lessons We Can Learn From ‘Roseanne’

What have you learned from watching the Conner family?

ABC

On March 27, the Conner family is coming back to prime time, thanks to the revival of ABC’s “Roseanne.”

The popular sitcom starring Roseanne Barr and John Goodman as husband and wife Roseanne and Dan Conner ran for nine seasons before its final episode aired more than 20 years ago. The comedy followed the life of the close-knit Conner family in the fictional town of Lanford, Illinois.

In the revival, ABC promises to explore “life, death and everything in between.” We delved into some of those life lessons, taking a look at what the show can teach us about money and frugal living. Then, we reached out to some of the show’s stars via social media to get their take.

Here are three financial lessons we can learn from “Roseanne.”

1. It’s OK To Keep Up With The Conners Instead Of The Joneses

The Conners’ familiar couch anchors a living room that hasn’t changed much in two decades.

The reappearance of the same iconic “Roseanne” couch and patterned afghan is sentimental for loyal fans, but it can also be seen as practical and economical. In 2018, it appears the Conner family will live in the same house and spend time in the same living room—surrounded by the same furnishings—as 20 years ago.

“The Conners have always maximized limited resources,” says Michael Fishman, who plays Roseanne’s son D.J. Conner on the show. Examples from the show, Fishman says, include filling meatloaf with cereal to expand how many it feeds, along with the (more traditional) buying off-brand for a better bargain.

Remember that chicken-and-egg shirt Roseanne wore in the original series? It’s back again for the revival, too. And while viewers don’t necessarily have to wear the same things for two decades, it’s worth internalizing some of the Conner mentality: You don’t have to buy new clothes every time the fashion trends change.

“They never wear new designer clothes,” Fishman says. “They layer, and maximize clothing. They recycle or repurpose items.”

Photo: ABC/Adam Rose

2. It’s Possible To Live Within Your Means

Those money-saving tactics are part of a larger goal: sticking to a budget. “I think the most honest advice any Conner would give is live within your means,” Fishman says.

It can be difficult for many Americans to determine what living within your means actually looks like. At NerdWallet, we advocate a percentage-based approach that guides, but doesn’t restrict, your spending. According to the 50/30/20 budget benchmark, you should spend no more than 50 percent of your monthly take-home income on needs, 30 percent on wants and 20 percent on savings and debt repayment.

Using this method, you can prioritize some areas while cutting back on others. The Conners, for instance, place a large emphasis on the value of gathering around the dinner table for family meals. Spending money on family time would likely come before some other expenses.

Photo: ABC/Adam Rose

3. Money Isn’t Everything

Sandra Bernhard, who portrays Roseanne Conner’s friend Nancy Bartlett on the show, says the most valuable lesson viewers can learn from the TV family is “to always stay open to new experiences, no matter how scary they might seem.”

New experiences don’t always have to revolve around spending money. In fact, sometimes they can be completely free.

“The most important, sage Conner advice … is, you don’t have to spend money to have fun,” Fishman says. “They make up stories, play games and spend time together.”

“Roseanne” returns Tuesday, March 27, at 8 p.m. (7 p.m. Central) on ABC.

Photos by Adam Rose/ABC.

Written by Courtney Jespersen for NerdWallet.

The article 3 Money Lessons We Can Learn From ‘Roseanne’ originally appeared on NerdWallet.

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