Oh, Oh, Oh, She’s a Princess

PrincessIf you are reading this blog, chances are high that you have heard of Canadian Finance Guru Gail Vaz-Oxlade’s tv show Princess. In case you haven’t, here is how Slice network describes the show:

Behold the Princess – you know the type – living a fabulous life, while her debt accumulates and family and friends foot the bills. Now it’s time to grow up – and get real.

In this series, Gail Vaz-Oxlade, host of the hit series Til Debt Do Us Part, tackles the newest generation of spoiled spenders. Over a six week period, Gail takes away these Princess’s credit cards, puts them on a cash diet and challenges them to start achieving goals. Using her no-nonsense tough talk, Gail confronts, cajoles and guides these spoiled Princesses as they transform into self-sufficient young women. Packed with Gail’s practical financial advice and compelling candidates, Princess is candid and entertaining viewing for a wide range of audiences.

I haven’t seen many episodes of this show, but I have seen enough to understand why some of my family and friends have teasingly said that those “princesses” have nothing on me haha. That’s right, Girl Meets Debt use to be a bit of a princess in her late teen-early twenties. (I know. It’s shocking!!!) I’ve curbed my princess behavior as I matured over the years but I can definitely see a younger me when I see those “princesses” act self-indulgent and stupid with money they don’t have.

Before I continue this post, I want to make one thing clear – even though I was a princess in my younger days, I never, ever relied on family, friends, or boyfriends to foot the bills. I was a stubborn princess who had immense pride. I was also too ashamed to admit to my family and friends that I was drowning in debt but I don’t think I was fooling anyone. I come from a lower income/working class family so it was obvious where the “money” was coming from when a college girl like me was shopping all the time for new clothes, shoes, and makeup.

Every week, there was a different princess on the show and with the magic of 1 hour television (errrrr 6 weeks the show claims) each princess (to varying degrees) was made aware of her foolish spending habits and “transformed into self-sufficient young women” by the end of the episode.

Let’s see if we can learn a thing or two from these spoiled princesses…

Princesses live at home rent-free but still accumulate debt faster than the speed of light. If you still live at home and are lucky enough to not pay rent, use that would-be rent money to pay off any debt. Opportunities of living rent free will likely never arise again.

Princesses worked only part-time and some of the even more outrageous princesses didn’t even work at all! Real life is not like that. Real adults work. Even billionaires have a job.

Princesses don’t pay for their transportation but if you can’t afford to make your own car payments or pay insurance then maybe you should think about public transit. Ditto for the cell phone!

Princesses buy whatever they want, whenever they want. I did this for awhile. Consequences are not pretty.

Princesses get their nails, toes, hair, makeup, facials, massages, botex etc. “done” often. I am a woman and understand the love of being pampered but maybe restrict these treats for special occasions only. Or better yet, learn to do it yourself!

Princesses think a knight in shining armor or wealthy doctor, lawyer, or business man will come save them one day. I blame Disney.

Princesses think they can get by in life using  just their beauty. Unless you are a Victoria Secret model type, it might be better to have a back-up plan. Just in case.

In all seriousness, I do believe that some of the princesses really were transformed into self-sufficient young women who realized the significance of their debt. Even I had my moment of realization a few months ago. Let’s hope they stay focus on paying off their debt. Who knows? Some of them might even be writing a personal finance blog to warn others of their mistakes… ;)

Have you seen a Princess episode before? What did you think of it?

Image Source: Princess on Slice Network

13 Comments on Oh, Oh, Oh, She’s a Princess

  1. CassieNo Gravatar
    January 8, 2013 at 10:14 am (1 year ago)

    I’ve watched every single one of them actually, and I’m anxiously awaiting the next season online. I watched all of them when I was trying to get through a phase where I wanted to spend, but didn’t have the money to do it. It made for good fluffy entertainment… until I watched one that resonated with me. That hurt.

    Reply
  2. Girl Meets DebtNo Gravatar
    January 8, 2013 at 10:26 am (1 year ago)

    It is fluffy entertainment eh? I admit it was slightly uncomfortable for me to watch it at first because I still have such a mountain of debt…

    I secretly want to go on that show and impress Gail with my “changed attitude and behaviour” so she can give me a cheque for $5000 :)

    Reply
  3. carahNo Gravatar
    January 8, 2013 at 10:44 am (1 year ago)

    Hi! I just stumbled on your blog from another PF site.

    Thanks so much for making another blog for me to follow. I really relate to your story more than other bloggers because you’re still in debt like me, trying to get our way out of it. I feel most other PF bloggers are debt free and light-years ahead of me. Thanks for making things relate-able and realistic.

    Reply
  4. Girl Meets DebtNo Gravatar
    January 8, 2013 at 10:52 am (1 year ago)

    Hi Carah,

    Thank you for commenting :) I know EXACTLY what you mean about other PF bloggers being light-years ahead financially…

    Yes, I am still very much swimming in debt, but no longer drowning in it…

    Let’s suport each other in trying to get out of debt :D

    Reply
  5. eemusingsNo Gravatar
    January 8, 2013 at 2:26 pm (1 year ago)

    We don’t get that show in NZ I don’t think, but I’m pretty sure I would never watch it! Not really into reality shows, especially those featuring spoilt/entitled types.

    Reply
  6. Girl Meets DebtNo Gravatar
    January 8, 2013 at 2:35 pm (1 year ago)

    What??? You’re not into reality shows featuring spoiled/entitled types??? But how will you ever learn tips on how to be a princess? ;)

    Reply
  7. The Asian PearNo Gravatar
    January 11, 2013 at 9:45 am (1 year ago)

    I can’t watch the show although I have watched some episodes. While I like Til Debt do We Part, Princess annoys the hell out me. I wanna slap those girls silly.

    Reply
  8. K.K. @ Living Debt Free RocksNo Gravatar
    January 11, 2013 at 5:13 pm (1 year ago)

    I like Til Debt Do Us Part but I’ve never seen any Pricess episodes. I definitely used to be an independent princess in my late teens/early twenties but I work that out of my system…for the most part lol!

    Reply
  9. Girl Meets DebtNo Gravatar
    January 11, 2013 at 8:20 pm (1 year ago)

    AP – I’ve seen some episodes of Til Debt Do Us Part and it’s definitely the more “serious older sister” out of the two shows…

    K.K. – key word is independent ;) I’m glad you worked it out of your system. I have it almost out of mine too…for the most part ;)

    Reply
  10. JacquieNo Gravatar
    March 3, 2014 at 2:02 pm (2 months ago)

    I think I’ve seen every episode as well as many many other episodes of Gail’s show. I would say she has been my biggest inspiration for becoming more financially responsible. I find the show really entertaining, and by streaming it online it was really cheap entertainment for me when I was still in school and had no income! Not only was I not out spending, but the idea of not spending was being reinforced!

    Reply

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