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Thread: Maxed Out, the tv show.........
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08-09-2008, 07:55 PM #1
Maxed Out, the tv show.........
Have any of you ever seen this show? I watched it this morning. The host meets with a person/couple in debt and helps them set up a budget and usually helps them see where they are over spending. Today, it was a single mom with 3 kids and $66,000 worth of debt (credit cards, student loan, car, etc) and she made $45,000 a year. The host sent the lady to credit counseling and told her she had two choices, payment plan (offer settlements) or bankruptcy......and she encouraged her to do the bankruptcy, even though the lady didn't want to! I couldn't believe it. It was a good lesson for DD14 I guess, since she had to listen to me rant about how that person had better options than what was offered, and they should have taught her how to budget, shop smart, and be frugal instead of just filing bankruptcy!
Last edited by DJ1972; 08-09-2008 at 07:56 PM.
DJ

Married to DH since 1993

DD age 16
DS age 14
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08-09-2008, 08:00 PM #2Founder
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This isn't the same show, but it reminded me to mention this.
Not sure if this was already posted, but Good Morning America will have a program called the Frugal Family Challenge this fall.
http://abcnews.go.com/GMA/story?id=5458579
They're looking for families to feature on the show.
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08-09-2008, 08:04 PM #3Registered User
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I've actually watched Maxed Out and that Smart Cookie show too and it's what sort of got me compelled into becoming more frugal. I think that some people really have to take charge of their own future, including being financially sound instead of having someone else do it for them. They may seem like they're learning something, but I guarantee you those same people are back to where they were when the cameras aren't around anymore.
Wife to DH since 10/31/2002!
Mom to DS #1 08/13/98 Mom to DS #2 09/11/03

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08-09-2008, 08:08 PM #4
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08-09-2008, 11:48 PM #5
have you noticed that the people on that show go out to eat for breakfast, lunch and dinner?
they don't know how to cook.11% gross to retirement
10% takehome to tithe and offerings
emergency fund maintained at 3000(works for me)
credit card debt 7500
mortgage free
freedom accounts/sinking funds that ebb and flow
then live on the rest!
i am trying something new. LDS church advises savings or debt repayment should be the same as the tithe. 10% each.
"i create prosperity, abundance, and savings for me and my household"
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08-10-2008, 01:45 AM #6
Thank goodness I don't have a TV
It is what it is.
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08-10-2008, 06:38 AM #7Super Moderator
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08-10-2008, 11:10 AM #8
I like Til Debt Do Us Part on slice better than Maxed Out or Smart Cookies.
EF $703.21
STARTING DEBT $40,567.12
DEBT TO DATE $5,571.24
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08-10-2008, 01:48 PM #9
What station is "Til Debt Do Us Part" on?
I was channel surfing on Saturday just for a bit and I came across Maxed Out and saw this same episode w/ the single mom......I turned it on about 10 minutes into it. I was also a little put off that this financial counselor pretty much suggested to file for bankruptcy too. I really felt like with her income, she could've come thru this just fine but that yes it was harder than just "wiping your slate clean" (as the counselor said) w/ bankruptcy. I think this episode will encourage so many others to do this too instead of cleaning up their own past mistakes and without changing their spending habits. I'm not saying people shouldn't declare bankruptcy since there are definitely cases out there that warrant it, but not this one on tv.
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08-10-2008, 01:55 PM #10
maxed out is on Style Network, not sure about the others. I also have watched Big Spender with host Larry Winget on A&E, but then I saw him on a new car commercial which I thought was a complete sell out on his part.
DJ

Married to DH since 1993

DD age 16
DS age 14
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08-10-2008, 03:03 PM #11
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08-10-2008, 03:30 PM #12
You can catch the episodes on the web. I think all of seasons 1 -4 are available to watch. It's on slice.ca Here is a link (i hope it works) http://www.slice.ca/Watch/Default.as...Xqv0ij1RtOxVk_Mom to DD 17, DS 14
DH 41
1 cat,1 dog
BS1 : DONE
BS2 : Working on it
2011 TOTALS AT START OF YEAR
CAR1 : PIF
CAR2 : 8054$/8775
CC1: 4932$/6775
CC2: 7351$/8500
CREDIT MARGIN : 21368$/21500
HOME : 145833$/147766
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08-10-2008, 05:49 PM #13
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08-10-2008, 06:02 PM #14
here it is [media]http://www.youtube.com/watch?v=yiNsV23dsrA[/media]
DJ

Married to DH since 1993

DD age 16
DS age 14
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08-10-2008, 06:12 PM #15Registered User
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It looks like he's plugging the wrong kind of cars then. Hyundai = trash.
Wife to DH since 10/31/2002!
Mom to DS #1 08/13/98 Mom to DS #2 09/11/03

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