Last Sunday because it changed time slots, I missed Find & Design a show where people hit the flea markets and garage sales to shop for their room makeove. Instead I saw something like Oprah’s Great American Debt Diet shows where a couple was sitting with a bald-headed, bejeweled fella, Larry Winget, discussing their extreme debt.
I looked online and saw it is called, Big Spender, and PF Advice was the only other blog who wrote about this debt reduction reality TV show. I agree with what he says, that these are extreme cases of debt and not for people who are looking for tips on improving their finances. For those who are working through a smaller amount of debt, they might take comfort that they haven’t gotten themselves in as deep as those featured on this show.
Without a doubt, one of the first things Larry told this couple was
live within your means also known as spend less than you earn. He told the newlyweds(she: mortgage broker; him: bankruptcy law firm employee) with the second mortgage they have taken to cover their debt, they will make the last payment on their 30th wedding anniversay – yikes! Today, my parents celebrate their 35th wedding anniversary and I cannot imagine them just paying off wedding debt from 30 years earlier!