The Bank of Mom & Dad does it again! They have found one young woman amongst the lot of us who is in debt beyond imagination, and use her as an example from which we all can learn. In this episode, Carmela, a 26-year-old restaurant manager in Bayonne, New Jersey, makes enough every month to help her get out of the debt she is already in, but instead chooses to use it to get her in even more money trouble.
It is said that every female dreams of her wedding day, and that most females love to shop. But what if the one was jeopardizing the other? If only Carmela would realize that you cannot have your cake and eat it too. It is a wonder that her parents, Mary and Joseph, keep it together as well as they do. I, on the other hand, was yelling at the television in hopes of her taking this opportunity seriously enough to get her on the “money crunch” track. Before she conforms to a new way of life, Carmela has to work through changing the way of life she has become accustomed to.
You see, Carmela loves to shop — to the tune of $1200+ a month. Obscene, isn’t it? She has maxed out nine credit cards because of her love of this favorite pastime. Sometime after financial coach Farnoosh Torabi puts a plan into action by first moving in Carmela’s parents and leaving them in charge of every financial decision Carmela might make, Mary devises somewhat of a swap meet between Carmela and her cousins in order to give her a new outlet — how to shop without spending a dime. Even with this clever idea from Mom, Carmela finds a way to be despondent, commenting how she will miss the clothes she has swapped, knowing they won’t be in the house. Carmela’s cousins are astounded, to say the least. You will be, too!