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Hopefully the Gobn'mint Can Help Her Out

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October 22, 2007 – Comments (12)

It would be a shame if Felice had to live with the consequences of her behavior.

At home, Felice says she's spent around $5,000 on silk flowers. She also commissioned murals for almost every room of her house, which average $2,000 to $4,000 each.

Felice also shops regularly—online and in stores. "When I do shop, I do kind of get a rush. It makes me feel good," she says. "But afterwards, though, I get depressed. I'll buy something even if I really don't like it because I have to come out with something." Felice says she hides the receipts from her husband underneath a baby blanket in a drawer.

Although she's always shopping for herself and her children, their closets are nearly empty. "I love new clothes. However, I like getting rid of the clothes just as quickly to go buy new ones." To make room for more clothes, Felice holds garage sales, which she says she likes doing almost as much as shopping. She says she'll sell a $50 item for only $1—and has a great reputation for having the best stuff. "I usually have about four a year. I have six kids and I sell their toys sometimes just because I don't like them," she says

12 Comments – Post Your Own

#1) On October 22, 2007 at 11:34 AM, TMFBent (99.81) wrote:

Ooops. Forgot the money quote:

Here's why the government and the bank should help them out:


Phil and Felice really have $135,000 in credit card debt. They also pay $1,700 a month for their three cars.

Their two mortgages total $658,000. Because their mortgage is a negative amortized loan, Suze says that means their mortgage will increase by $20,000 every year. "There is no longer any equity in this home at all, and all you are paying is $1,800 a month on it and that is to adjust in a few months up to $3,300 a month," she says.

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#2) On October 22, 2007 at 11:56 AM, Imperial1964 (97.80) wrote:

That's why I handle the finances and my wife doesn't.

Six months ago she cashed her check and 3 or 4 days later she was broke, her bank account was overdrawn, and the car was out of gas.

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#3) On October 22, 2007 at 12:21 PM, saunafool (98.67) wrote:

My favorite quote:

she feels more ashamed that her children have no medical or dental coverage, which she says would only cost $1,000 a month. "My children have had things happen. We almost lost a daughter a couple years ago to a ruptured appendix

Yeah, we spend so much that one of our children almost died. Could happen to anyone.

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#4) On October 22, 2007 at 12:55 PM, Gtrinvestor (99.71) wrote:

First Larry David breaks up with Cheryl on "Curb Your Enthusiasm" and now this... augh. 

Most of the time I am against the "nanny state" concept, but when you read articles like this, sometimes you think... "maybe a nanny state isn't so bad for those who clearly can't govern themselves".   I of course am suspect of the nanny state provision as well, b/c, well, look at our own national deficit. ...sigh. 

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#5) On October 22, 2007 at 12:58 PM, bige6565 (82.64) wrote:

This woman should be ashamed of herself.  And how could her husband allow her to do that?

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#6) On October 22, 2007 at 1:11 PM, Imperial1964 (97.80) wrote:

This is exactly why I hate the idea of a "nanny-state."

1)Democracy combined with a "nanny state" means that people get bailed out from the consequences of their own bad decisions after the fact.  Who wants to stop the party (e.g. housing bubble, irrational spending, etc.) while it is still going?  Then when the pain comes all you hear is crying to the government.

2)If you don't allow people to make mistakes in the first place (as if it is actually possible), how do they learn from the consequences?  Negative reinforcement is key to human learning.  Otherwise we get a society of ignoramuses who are resentful of the government.

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#7) On October 22, 2007 at 2:34 PM, GS751 (27.43) wrote:

I am gonna be pissed if the government bails those people out.  Let the Free Market take care of it.  Make people learn from their mistakes.

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#8) On October 22, 2007 at 2:38 PM, devoish (96.49) wrote:

The only thing missing from this story is the prescription drug abuse. But I bet it's in there somewhere.

Note to self: When discussing women with 13 year old son remember to include the phrase "choose the one with the least makeup" somewhere.

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#9) On October 22, 2007 at 4:11 PM, StockBender (56.46) wrote:

The only thing the government should do in this case, if anything at all, is to use forced sterilization upon these senseless and inane crackpots.

 

Okay, that was harsh. I know, I'm sorry.

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#10) On October 22, 2007 at 5:11 PM, MakeItSeven (31.63) wrote:

"choose the one with the least makeup"

Ha ha, I wished I had learned that when I was 30'ish and married my ex.   She was so grand and haughty that, even though functionally illiterate, she did not want to go to school to learn; or to work (not even at home since I had to hire a housekeeper/cook so she would not have to do anything); or even to run a small business I would buy for her.  She wanted to be the boss of a business employing at least 20 people to match her "status".

And, of course, she spent money as if she had been a big boss !!

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#11) On October 23, 2007 at 5:02 PM, ByrneShill (76.91) wrote:

I don't see any problem here. They go into bankrupcy, lose whatever they have (since they were dumb enough to spend too much), and all the creditors lose 99% of what they lent (which is fair since they were dumb enough to lend to people who can't bay it back). Or Oprah can foot the bills...

And I see a divorce too. "I take care of the bills, so my husband doesn't realize how much money I've spent on hair and nails and extensions". Guess what babe? He'll find out when the repo guy knocks on the door.

 Really, I don't see any problem whatsoever.

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#12) On October 24, 2007 at 10:32 AM, ByrneShill (76.91) wrote:

I don't see any problem here. They go into bankrupcy, lose whatever they have (since they were dumb enough to spend too much), and all the creditors lose 99% of what they lent (which is fair since they were dumb enough to lend to people who can't bay it back). Or Oprah can foot the bills...

And I see a divorce too. "I take care of the bills, so my husband doesn't realize how much money I've spent on hair and nails and extensions". Guess what babe? He'll find out when the repo guy knocks on the door.

 Really, I don't see any problem whatsoever.

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