Maxed
Out

Episodes

EPISODE 3 - KATHLEEN

Kathleen increases her debt load $1000 every month. Money coach Ayse Hogan feels this problem might require an extreme solution, and comes up with three steps:

  • Complete wills and power of attorney. Kathleen must take steps to ensure her family is prepared for unexpected life events such as illness or death.

  • Twenty-three-year-old daughter Tiffany needs to contribute financially to the household. Instead of simply supporting her daughter, she needs to give Tiffany the tools she needs to survive on her own.

  • Credit Counselling. This is the best bet for Kathleen. The options include Consumer Proposal, and as a last resort: Bankruptcy.

Ayse tells Robyn it should take her two years to pay down what took her 10 years to accumulate. Ayse encourages Robyn to be proud of who she is and to adopt a more positive outlook.