Maxed
Out

Tuesdays at 8pm E/P

EPISODE INFO

Plan

EPISODE 27 - Suburban Money Struggles (Kirk and Lenka)

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:

  • Cut back on cable, entertainment, take out, cell phone use and credit card cash advances
  • Start sharing financial day-to-day as a couple
  • Catch up on the books, organize receipts and calculate personal income, business income and expenses