If 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?