Biggest Financial Mistakes

Are your extravagant ways about to send you to the poorhouse? Dr. Phil explains the five biggest financial mistakes you could be making. Brad and Yvonne had a 3,200 square foot house, went on expensive vacations and hosted lavish parties for their friends. Now they say they live in a trailer in Yvonne’s parents’ backyard. In spite of their dire financial straits, Yvonne says her husband still wants to purchase a $1,800 watch! What’s behind Brad’s urge to splurge? Can the couple ever get out from under their mound of debt? And, the economic downturn is even forcing the wealthy to downsize. Dr. Phil talks to Vicki, Gina and Lynne of the Real Housewives of Orange County about how the cash crunch is affecting them. Find out what happened when Gina asked Vicki to borrow money. Plus, a top Hollywood divorce attorney shares some of the top mistakes women make when it comes to money and marriage. Learn more about your ad choices. Visit podcastchoices.com/adchoices