In Debt From A Law Degree She Can't Finish - Prince$$ - 206 - Michelle

If Princess Michelle was able to finish her law degree, she might one day be able to rely on her credentials, and not just her credit, to get what she wants out of life. Behind the glitter of a privileged life, Michelle’s finances are a sobering sight. Her collection of designer clothing, shoes, accessories and her $80,000 vehicle – a gift from her parents – belies her meagre part time income and the almost $40,000 in debt that keeps her from moving forward with her goals. Michelle’s frustrated family has had enough; everyone agrees that it’s time for Michelle to grow up.

Financial planner Gail Vaz-Oxlade tackles the newest generation of spoiled spenders. Over a four week period, Gail takes away these Princess’s credit cards, puts them on a cash diet and challenges them to start achieving goals. Using her no-nonsense tough talk, Gail confronts, cajoles and guides these spoiled Princesses as they transform into self-sufficient young women.