This episode of Big Spender explored the habits of Wayne, a CPA with massive debt. He has $80,000 in credit card debt on top of a $150,000 loan for home improvements, and the renovation isn't even finished. I swear I could see Larry Winget mentally shaking Wayne as he defended his over-the-top spending, and claimed that Larry was just talking about nickel and dimes. Wayne admits that he spends more than he earns but complains that he's misunderstood. To see whether or not this financial mess can be swept up, just
Wayne's situation stands out from other episodes for two reasons: The big spender is a man for a change and his profession is financially related. His girlfriend Nathalie is very concerned that they can't save together and build a future, and thinks that Wayne handles his money this way because he's insecure about his self image. How bad is it? He's spending more than twice his monthly income, every single month.
Larry develops a plan for Wayne to tackle his debt, and even after getting emotional about being seen as a failure he fails to follow Larry's simple instructions. He responds to Larry's no spending outside the budget rule by buying into a Cayman Islands time-share, uses his business credit cards to fund more home renovations when Larry said credit was off limits, and doesn't keep a spending journal like he's supposed to.
This is the first episode I've watched that didn't end happily. In the end Larry says that if someone isn't willing to do the little things, they won't be willing to do the big things. Nathalie seems to agree and says that she's going to find another place to live until Wayne can get his financial act together. How would you deal with being the girlfriend of someone who's disillusioned about his poor financial health?