The family struggles with financial crisis and the electricity is turned off. Grandpa sets out to raise some money but tells no one about his plans. Grandma becomes angry and Grandpa moves out. The bill is paid and the angry grandparents make-up at a barn dance.

Olivia and the two youngest children, Jim-Bob and Elizabeth, go up on Walton's Mountain and become lost. They experience many challenges. Jim-Bob saves the day using woodsman skills taught to him by Grandpa.