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Debt Counseling Becomes Reality Tv?
I almost couldn&39;t believe my eyes when a co-worker emailed me a link to "Maxed Out." This television show on the Style Network (of all places!) is all about counseling women with financial problems. Here&39;s the show summary:
Meet Aurora--she&39;s 21 and already $80,000 in debt. Can she put the manicures on hold and give herself a fresh financial start?
Kathleen is a single mother earning $37,000 a year. Can she dig herself out of debt and give her children the security they deserve?
In each episode of Maxed Out, finance coach Ayse Hogan gets to the root of what is causing one woman&39;s unhealthy relationship with money. Observing the subject&39;s behavior and putting her on a strict budget, Hogan helps the cash-stressed gal by demonstrating the basic tenets of wealth-building: debt reduction, savings and investment.
Known for her blunt style and shocking visual metaphors, Ayse is dedicated to helped maxed-out women maximize their futures!
Ayse Hogan is a bookkeeper and self trained personal finance coach according to her website. Most of her basic advice seems solid, but I spotted a few issues with some of the specifics. Mainly, the problem is that Ayse is apparently Canadian. Therefore, the advice she gives is about the Canadian credit system (which is vastly different that the US credit system) and things like RRSPs (Canadian retirement savings programs). American viewers should keep this in mind when listening to her tips!
Have you been so lucky as to have seen Maxed Out on TV? Send us a full report!
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