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Legacy Learning Systems has several, at home, music curriculum series.  
Two years worth of lessons for under $200.  
We have the guitar and my son, although 15, is picking up on it incredibly fast.  

It is just like going to a lesson.  
You watch the video, then you practice the rest of the week, with all the materials needed for keeping track, etc.  
I HIGHLY recommend it.  
I am planning to start my seven year old and not sure it would work for a five year old, but most likely if you were there to help him.  
I figured it was worth a try, if they stick with it, I can look into further lessons, but if they did not, it was not a lot of money wasted.  
Compared to $20-50 an hour, time and gas saved, it is well worth it.