OC Housewives Lynne, Jeana, and Vicki. Credit:The Dr. Phil Show
The Real Housewives of Orange County's Jeana Keough, Vicki Gunvalson, and Lynne Curtin made an appearance on the Dr. Phil show today, where they discussed having a budget (what's that?), their spending habits and financial circumstances.
Vicki, who says she has always kept a close eye on where her money goes, explains why she refused to let Jeana borrow money from her. Dr. Phil agrees with Vicki's decision.
Jeana talks about the difficulty of living on a budget, because she's never had to do it, no less in Orange County:
"I come home, and I see the receipt on the counter of a $200 lunch at the St. Regis," says her son on videotape. "When you were making $1,000,000 a year on real estate, then you could go spend $400 on lunch and $600 at dinner. It was fine." "It’s just hard to change that quickly. It’s hard to teach an old dog new tricks," Jeana justifies. She says its been hard for her son to adjust to downsizing; Dr. Phil points out that Jeana's son is 23. "And you’re paying for his SUV?" he asks, incredulous. "His Escalade?"
To Lynne, regarding her finances: "Do you know how much money is in savings? Do you know how much he [her husband] makes? Do you know how much is in retirement? Do you know what the overall budget is?" She answers no to all questions.
"If he hasn’t been forthcoming before, and nothing has happened to change him, he probably won’t be forthcoming in the future, which means you need to get in the loop and find out for yourself," "Women need to know what’s going on in the family finances — whether you’re the breadwinner, the stay-at-home mom, whatever — you need to know." - Dr. Phil
Vicki Gunvalson seems to be the only one without money worries these days saying:
"I’m a financial planner, so for me, I look at life differently. My son drives a 2001 paid for Tahoe, and when he will get a new one is when he’ll be able to afford one. He’s 23. My daughter just got a leased Mercedes. She’s paying for it all on her own. She’s 22. My husband drives a five-year-old car," Vicki responds. "I want to make sure we live within our means. I look at every dollar that goes out and every dollar that comes in, and there’s more being saved than we’re spending right now, because I want to save for that rainy day."
Watch Watch Real Housewives, Real Problems at Dr. Phil.Com
About the Show: The economic downturn is even forcing the wealthy to downsize. Dr. Phil talks to Vicki, Jeana and Lynne of The Real Housewives of Orange County about how the cash crunch is affecting them. Real Housewives Official show description: 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, Jeana and Lynne of The Real Housewives of Orange County about how the cash crunch is affecting them. Find out what happened when Jeana asked Vicki to borrow money.
Comments
I love how Vicky doesn't know the difference between borrow and lend. It was soooooo annoying. My God someone hand her a dictionary PLEASE
I noticed that as well. She also says "borrow to" in her blog.
That was why I was Googling this! I wanted to tell her the difference between lend and borrow. Which right there kind of makes me dumber than Vicky.
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