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Til Debt Do U$ Part

Driven to Debt (Season 2, Episode 4)
TV Episode | 22 min | Reality-TV

Approaching age fifty, married couple Gail and Tony should be at the point in their lives of thinking about retirement and planning for it. Instead, they are mired in $80,000 of consumer debt, with no savings for retirement beyond their ...See moreApproaching age fifty, married couple Gail and Tony should be at the point in their lives of thinking about retirement and planning for it. Instead, they are mired in $80,000 of consumer debt, with no savings for retirement beyond their government pensions. Gail had no debt when she and Tony got together nine years ago, but she, who handles all the household finances, has allowed Tony many indulgences as he did not have many of those available to him the better part of his life. They bought a $22,000 timeshare with on-going fees on credit which they have never used. But their biggest extravagance is their vehicles. They belong to a car club, which means putting a lot of money into their show car. Tony also trades up his vehicle on average once a year. Gail has thought about leaving Tony because of the money issues, the extent of the problem of which Tony is, although not totally oblivious, unaware by choice. Gail Vaz-Oxlade (GVO) wants them to match their spending to their income, which means either earning more money and/or selling the luxury asset(s) in their lives, namely the timeshare, Tony's truck and/or the show car. GVO wants them to find other hobbies that they can still do together but that don't cost a lot of money. And GVO shows them what their retirement life will look like if they don't plan for it and make the necessary changes. Written by Huggo See less
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Edit Released
Updated Oct 25, 2006

Release date
Oct 25, 2006 (Canada)
Awards
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2 nominations

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