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Big Spender: Lip Gloss and $150,000 in Debt

Big Spender is a debt rescue show that's similar to Maxed Out, but the host is a man named Larry Winget who has a hardcore attitude and wears humorous western meets Tommy Bahama shirts.

The first episode I watched was about Cassandra, a woman with a lip-gloss business and $150,000 in debt. It's a shocking number that became more understandable when I learned about her ridiculous spending habits. She earned a very small
monthly income and was spending way beyond her means, about $4,200 a month that she didn't have!

Each month, she was spending $390 on personal care, $590 on clothes and shoes and $660 eating out! These numbers all seem kind of insane to me, especially the $390 every four weeks on personal care. Those manicures better have come with miracles!

How does your monthly spending measure up to Cassandra's? If you're not already tracking your spending, this is a good time to start. It will show you exactly where your money is really going, and help you determine where you want your money to go.

Join The Conversation
JaimeLeah526 JaimeLeah526 9 years
Wow that is some serious debt. My best friend's parents are at least 400,000 in debt. They have 6 kid, and spend way beyond their means. I hate the debt that I have (student loans, credit cards, car payment) and I really need to pay off as much as I can.
rlveronica rlveronica 9 years
I need to start logging how much I spend each month. I've slacked because of the holidays, but I need to stop making excuses for myself! Gah!
psangel psangel 9 years
I am really happy you added this to your site. Great advice. I definetly think this lady spends to much money on her self.. she should be worried about the high debt she has.
rosey_y rosey_y 9 years
My brother has similar attitudes about money and it scares me. His debt is far less - just under $10k - but he's only 19 and has moved out of home and is only working part time (and studying). He got a loan at 13.79% interest to buy a car that he HAD to have (our Dad had already given him a car, which is very modest, but all you need when you're a poor 19 year old student!). What did he spend it on? Clothes, computer games and new furniture for his unit. No car. He's now in high interest debt on a part time income for shiny, new consumer items that he simply does not need. He treated it like a windfall instead of a serious financial committment (which he shouldn't have had in the first place, IMO!). It really worries me. The thing is, he's highly intelligent, he just seems to lack common sense. Hopefully he comes to before getting himself in too deep. :(
Sasorisa Sasorisa 9 years
Wow... $150,000 in debt. I live in NYC and my ultimate vice is expensive handbags. But the most I was ever in debt for was $3,000 and that was during my college days when I only worked part-time. I've toned down my 'luxury' expenses but I think the reason why it really worked is I'm SUPER cheap (no, not frugal but stingy a$$ cheap) with everything else other than clothes. I've learned better money management and have grown up.
mrskrismendoza mrskrismendoza 9 years
Wow! I guess she isn't very frugal.
kiwitwist kiwitwist 9 years
I don't spend that much though I could spend less on stupid things. I need to pay down my debt.
tinsleystyle tinsleystyle 9 years
I thought student loans were bad...honestly, I see this number and I'm thinking it must take some kind of miracle to pay it all down. I keep track of my spending...finance major, natch, and good habits from my mum.
CaterpillarGirl CaterpillarGirl 9 years
660 eating out? thats 22 bucks a day! per person. We spend for the two of us 50 bucks a week on groceries, and i dont mean ramen
tiff58 tiff58 9 years
I can't even imagine spending that much more than what I make. I do have credit card debt from college/right after college that I am currently paying down.
SummerBaby SummerBaby 9 years
wow that is ALOT of money! i thought i spent alot on eating out! and i def dont spend that much!! and i have tried to cut down on the clothing spending maybe once a month i will buy something nice for myself! and i got rid of the blonde hair to save money as welL!! brown is just much easier and cheaper! i only have to go every few months for a trim with is only like $30 not $100
Taadie Taadie 9 years
i do spend a lot and im getting better. i spend money on new clothes and shoes but 95% of the time i use my checking account. now i finally have a plan to pay down the debt. that womans spending habits are super ridiculous. i hope there were nuggets of gold in her clothes.
gooniette gooniette 9 years
I used to have a friend like this. She would get a credit card and max in out in a week on crap like house decorations and then throw it all away when she would move, which was about once a year. I'm glad this over spender at least asked for help!!
kurniakasih kurniakasih 9 years
Whoa. That's TOO MUCH. I'm very frugal. We pay everything by cash so we don't have any credit card debt. We pay for rent, grocery, utilities bills then the rest go to the saving account we opened up one for our future house, and the other one is for our son. I can't imagine spending $4200 for personal use. I do manicure/pedicure once a year only after I get our tax return. Facial/massage/etc is like once every few years :lol: I spent up to $5 for a haircut (go to beauty school for that) maybe, twice a year (although I had only 1 haircut last year). For now, we haven't bought a house (that's why we can say we're kind of 'debt-free' once you buy a house, you'll have that ultimate debt :lol: ), we're waiting another year or two because the market seems gearing toward buyer's market, when the time comes to buy, we'll have enough downpayment to bring our monthly payment down..way down... Good luck to her, hopefully she'll manage to curb her spending.
Calimie Calimie 9 years
OMG! That's way too much. I don't really get the concept of credit cards, they're great for a real emergency but I'd never use it for some silly thing that I don't have the money for. I save and then I buy.
allieperez allieperez 9 years
I'll admit I spend but after deciding to go back to school I've learned to be a lot less frivolous with my cash. I'm slowly starting to pay down my debt (I've already paid off 1 card and am almost done with another). And I save as much as I can from every paycheck. I think the amount she spent monthly is ridiculous. That reminds me one book I read: SaveKaryn. She went into debt but she got smart and did internet panhandling. I read that whenever I want something crazy expensive and it talks me right out of it.
angelfromlsu angelfromlsu 9 years
I don't see how the clothing expensive it outrageous. Assuming she shops at a chain like Banana Republic or Anne Taylor @ ~$60 per item...only about 9 items. I hope I don't sound annoying on this board. Just I'm a newly graduated college student and way enough to afford this and I'm assuming most people are older and more established than I am. But I don't have any kids so I guess that plays a big part also. I manage to max out my 401K so I guess I'm doing well.
em1282 em1282 9 years
Nah, that's too much spending for me. I learned to track my expenses (I geek out and do it on Excel...thanks, temping days in an accountant's office!) and it really is amazing how much you can spend when you don't even think about it. Also, $590/month on clothes???? Crazy!
runnergeek runnergeek 9 years
uh that is over the top. i do spend money, which i *could* be saving, but i am not in debt. i pay for everything i buy with cash and i make a pretty good living. i am trying to get better with saving, i will be starting a new job soon and as soon as i get in there, 10% of my salary is going to be allocated to my 401K. if i don't see it, i won't miss it.
LaLaLaurie06 LaLaLaurie06 9 years
uhm that is just insane. i spend WAAAAAY less than that. i rarely have enough extra money to buy myself new clothes in a month.
aimeeb aimeeb 9 years
I'm very good at saving money and being frugal. I know a lot of people who buy things carelessly and spend spend spend. Although it may be great to do that I admire myself and my ability to save vs spend.
angelfromlsu angelfromlsu 9 years
I probably spend about $400 per month on personal care but I avoid eating out since my boyfriend is a little personal chef. I kinda justify the personal care by the fact that I'm a young professional and need to be in the office more than not. I try doing the DIY stuff and end up with wax all over my carpet, smeared nail polish, etc. I spend money on clothes but I only do it every couple months and know exactly what I want before I go. I guess I don't know her city so can't compare cost of living. I live in Louisiana so mine is very low thankfully.
liannecamille liannecamille 9 years
I used to be just like her.. spending money on clothes that I didn't have. Luckily, I realized I had to pay for school and stopped doing it! Hahahha. Keeping track of how I spend my money really helped me out.
emalove emalove 9 years
I have a lot of credit card debt from my college days and from past frivolous spending, but I'm paying it off little by little. I am a spender, I'll admit it, but I certainly don't spend like this woman does. That's insane! I wish I was better at saving money...I've definitely gotten better this past year, and I hope to continue. My husband is really good at it, so he is a big help and gives me the reminders I need!
michelle-c42934 michelle-c42934 9 years
I'm a student so I don't have a lot of money. But I see a lot of my friends spending way beyond their means and getting into debt. I'm pleased to say that I don't even have an over-draft on my debit card! I only spend what I can afford to and only buy what I need. P.S I really like this new addition to the sugar network.
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