We Didn’t Realize the Extent of the Overspending
We were aware of Sarah’s college loans and we knew that she had accumulated additional debt from competing in pageants and using her credit cards too freely, but we didn’t realize the extent of the amount she was overspending each month without sticking to a budget. We had advised her on the “trap” that credit cards cause and we were hoping that she was taking steps to pay off that debt as soon as possible.
We decided to be a part of the show because Sarah really wanted to get her finances on track and she thought that the concentrated and focused event of doing the show along with the help of financial expert, Farnoosh Torabi, would motivate her to make the necessary changes. Even though we were worried that it would be somewhat embarrassing for Sarah to admit her financial difficulties in such a public way, in the end it was better for her to be honest with herself and others to be able to improve the situation.
Because we are a close family, our relationship with Sarah has remained the same since filming the show. We are very proud of her and the improvements that she has made with her finances. We feel that it is good for parents to try to maintain an open communication with their children about the sensitive topic of personal finances, even though this may be difficult.
Recent Entries
- I Had Become the Person Who I Had Always Tried So Hard Not to Be
- I Feel That We Have Crossed a Hurdle
- I Was Desperate For a Change
- Credit Cards Are NOT the Answer!
- I Almost Had a Coronary
- We Didn’t Realize the Extent of the Overspending
- Now I Have to Prove to Every Viewer Out There That I Can Do It!
- I Will Not Allow Any More Mooching
- I Am Accountable Now
- The Show Has Awakened Me