This episode of Maxed Out is about Crystal, a 26-year-old legal assistant and single mom with two kids — she also happens to be $50,000 in debt ($20,000 of that is from student loans). She's been ignoring the state of her finances to the extent of not paying some bills in four months and owing $200 to a gym she's never used. Everything is in crisis mode all of the time and Crystal is completely stressed out. She's still getting handouts from her father even though she's not earning much less than he is, and she's concerned that her neediness is damaging their relationship. Get more details about Crystal's finances and learn how guru Allison Griffiths tries to help when you read more
This episode of Maxed Out features Julia, 28, and Mike, 30, a couple on the fast track to losing everything. All the big financial moments arrived at once for Mike and Julia — they have two mortgages and a baby, plus a ton of unmanageable debt. They're living in the townhouse they purchased before their condo sold, on the assumption that the condo would sell immediately.
It has been on the market for almost three months, and they're depleting their savings by covering both mortgages. Mike and Julia only have another month before they run out of savings and face foreclosure. Find out more about their messy financial situation when you read more
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 read more
This episode of Maxed Out features Adrianne, a woman in her 20s whose relationship with money compromises her romantic relationship with her boyfriend, Mike. It’s the first time on the show where a couple breaks up during the month it takes for financial guru Allison Griffiths to work her magic.
The show begins with a profile of Mike and Adrianne: Mike is careful, Adrianne is careless; he owns two condos and she rents her apartment; he doesn’t have a car and she has an expensive car payment. Get more details on their breakup and how Allison tries to help Adrianne when you read more
This episode of Maxed Out is about Lisa and AJ, a couple living together in a lopsided financial relationship. AJ covers most of their shared bills because Lisa can't pay her half — she has more than $52,000 in debt and a bad shopping habit, while AJ has no debt to his name. He says Lisa needs to get her debt down to a manageable place before they can consider marriage, and this makes Lisa upset. AJ longs to go back to school, but Lisa's debt is standing in the way; he can't save for tuition because he's paying twice his share in bills. Find out more about their financial situation when you read more
This episode of Maxed Out is about Kim and Kevin, a couple so financially unstable that their money troubles already caused them to separate once — but they had to stay in the same house together because neither could afford to pay rent somewhere else. While they are back together, the couple still lives separate financial lives and is clueless about where their money is going.
Kevin tells Kim everything is OK and she just goes off the assumption that he's telling the truth because they don't communicate about money. He admits they are on the road to financial failure, and it could also mean the end of their relationship. Find out more about their situation when you read more
This episode of Maxed Out is about Jessica and Greg, a couple who just can't grasp financial responsibility. They declared bankruptcy separately before they were married, and as parents of one-year old twins and a six-year old they are on the brink of declaring bankruptcy together. Their $55,000 of debt is overwhelming their relationship and dissolving their dreams of home ownership, and even though they earn a combined annual salary of $120,000, they are always one payment behind on all of their bills. Financial guru Allison Griffiths says the only way to avoid another bankruptcy is to overhaul their finances. To see what she found out when she took a deeper look into their spending habits, read more
This episode of Maxed Out is about Ron and Jennifer, a couple living on a single income and unsure of how they'll pay next month's mortgage. Ron has been unemployed for three months due to injury, but their financial problems began 10 years ago, mainly because of his inability to retain a job — Ron admits that he has quit between 50 and 100 jobs in just one decade. They have six credit cards, two mortgages, and an emergency line of credit they used to pay the past month's mortgage. Find out more about their situation when you read more
This episode of Maxed Out puts faces on the word denial. Gillian (25-years-old) and Ed (27) collectively earn $93,000 a year, they estimate they are $47,000 in debt, and they're moving to a new condo in nine months with a mortgage that's $100,000 more than their current condo. Ed says whenever they do save something, they spend it because it seems like a waste to put the money toward their credit card debt. Find out how much the couple underestimated their debt-load and how they got into money trouble when you read more
This episode of Maxed Out is about Christine and Ross, a couple in so much debt that it's extremely difficult for them to keep things afloat. Christine can't even speak without crying because she's so distraught and stressed over their financial situation. They are the only couple among their friends who are still renting, and their dream is to have a home and children.
Christine is taking fertility medication, which her doctors say isn't working because of her high stress levels, but their first priority should really be paying off the $78,000 in debt they have between them. None of that debt comes from student loans or a mortgage; it's all credit cards, credit lines, and a small car loan. Find out how financial guru Allison Griffiths intervenes when you read more