Skip Nav
Budget Tips
221 Upcycling Ideas That Will Blow Your Mind
Budget Tips
7 Genius Ways to Save Money at Bed Bath & Beyond
Harry Potter
66 DIY Harry Potter Halloween Costumes For the Wizards at Heart

Maxed Out 2009-05-20 08:30:17

Maxed Out: Debt by Comic Books Isn't Funny

This episode of Maxed Out features the financial struggles of Adrianne and Greg, a young couple who have home ownership on the mind, but debt is holding them back. Greg is a habitual spender and has $20,000 in debt, spent mostly on DVDs and comic books, while Adrianne is debt-free.

A big reason Adrianne's last relationship didn't work out is that she was paying for everything, and this put her into debt (which she was able to eventually pay off). Financial guru Allison Griffiths says the couple needs to leave their spending past behind and focus on their futures. Find out how she helps them when you

.

When she looks through Greg's statements, Allison discovers that in the past year, Greg worked for one entire month just to pay interest on his debt. Allison restructures the way the couple handles their bills in order to eliminate their monthly shortfall. All of Greg's income will go toward debt repayment, while Adrianne's income will go toward all of their other expenses. Adrianne is uncomfortable at first because she has flashbacks to her last relationship, but she goes along with the plan.

Allison encourages the couple to examine their investments to make sure they're in line with their short-term goal of buying a home, and she suggests that Greg sell back some comic books to raise extra cash. The couple finds it difficult to part with their individual financial habits, but discovers that teaming up really is the best solution. After cutting monthly expenses by $1,300, Adrianne and Greg are now saving for a down payment.

Source

Around The Web
Join The Conversation
Mellietronx Mellietronx 7 years
Wow. My husband loves comics, but we aren't in debt at all.
cotedazur cotedazur 7 years
I have to say that my husband spends a shocking amount of money on comic books, so this story doesn't entirely surprise me. Then again, we're not in debt (other than normal things... car loans, finishing up paying for our house). If he had racked up $20,000 in bills, I might have a different attitude.
Smacks83 Smacks83 7 years
Yikes, I really don't know how I would react if I was told that to help i would have to cover ALL the bills/expenses so my husband/bf could pay down the debt he accrued buying DVDs and comic books! I know someone who was in this situation right now (the one paying off everything because husband/bf had all the debt).
Smacks83 Smacks83 7 years
Yikes, I really don't know how I would react if I was told that to help i would have to cover ALL the bills/expenses so my husband/bf could pay down the debt he accrued buying DVDs and comic books! I know someone who was in this situation right now (the one paying off everything because husband/bf had all the debt).
margokhal margokhal 7 years
I haven't seen Maxed Out on Style in ages! But I saw this episode! It's totally ridiculous that they invested so much in comic books. I can understand investing a lot in a few very collectible items...but the amount they had was INSANE. No wonder they were in debt!!! I can understand Adrienne's reluctance to have to be responsible for all of the "management" issues while Greg paid off the debt...I didn't think that was particularly the best advice for them. It's a good thing Greg wasn't like the guy in her last relationship, because I can see why she would be afraid he would take advantage of that situation and leave her high and dry.
margokhal margokhal 7 years
I haven't seen Maxed Out on Style in ages! But I saw this episode! It's totally ridiculous that they invested so much in comic books. I can understand investing a lot in a few very collectible items...but the amount they had was INSANE. No wonder they were in debt!!! I can understand Adrienne's reluctance to have to be responsible for all of the "management" issues while Greg paid off the debt...I didn't think that was particularly the best advice for them. It's a good thing Greg wasn't like the guy in her last relationship, because I can see why she would be afraid he would take advantage of that situation and leave her high and dry.
Maxed Out: 26-Year-Old Single Mom Spends Rent on Clothes
How to Get Out of Debt
Maxed Out
How 1 Inspiring Couple Paid Off $48,000 in Under 3 Years
Recap of the TV Show Maxed Out
What If Money Was No Object? Video

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career & Money
X