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Financial planner Gail Vaz-Oxlade has long helped households struggling with mounting debt try to get out of their financial messes on Til Debt Do U$ Part (2005). Gail now turns her attention to spoiled young women - princesses - whose reckless spending has not only created financial problems for themselves, but for family and friends who have enabled that behavior. In the same vein as "Til Debt...", Gail issues a series of challenges to these princesses which helps them deal with their financial problems directly, with root causes or subsequent consequences of their reckless behavior, or with the relationships with these family and friends that have been negatively affected by this spending. With weekly status checks over the course of a month, Gail will provide these princesses with up to $5,000 to help them pay off their debt, the amount based on how successfully Gail believes they have embraced and completed the challenges.
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Episode 1
22 mins
Twenty-three year old Catyanna is a full time student in her last year of a marketing program at college. For school, her parents, Andreas and Alana, gave her $15,000, the rest to be paid on a line of credit. Cat feels she deserves to indulge herself, from spending on beauty and fashion items, to partying. When she runs out of money, her parents cover the rest. She lives at home rent-free and doesn't lift a finger around the house, she believing she doesn't need to since it is not her house. Her parents do worry about her partying in particular, as she was responsible for causing a car accident once, her car, which was paid for by her parents, being totaled and her driver's license being revoked. She spends money she doesn't have as she doesn't want money to be a barrier to experiencing things in life. She is currently $26,000 in debt, which includes the $15,000 from her parents for school, which she learns was not a gift but a loan. Gail has to get Cat to see the consequences of her bad behavior, which includes giving back for the bad outcome of one reckless decision, and to get her to see her future in a more realistic light.