Maxed
Out

Tuesdays at 8pm E/P

EPISODE INFO

Plan

EPISODE 18 - Financial Fugitive (Michelle)

Michelle was living a lifestyle she couldn't afford - smoking, lotto tickets, dinners and drinks with friends. She had $25K in collections and was dodging her creditors. Something had to give, and I was afraid it would be her stand-up comedy career. I gave her a plan to manage her debt and hoped she'd stick to it.

Alison's recommendations:

  • Use fee free banking (Michelle was spending $75 per month on bank fees and she didn't even know)
  • Quit lottery and smoking habits
  • Limit entertainment budget to $50 per week
  • Increase income
  • Pay back debts in installments