Til Debt Do U$ Part Small House - Big Debt (Season 8, Episode 4)
TV Episode | 22 min | Reality-TV

Primary photo for Small House - Big Debt

Til Debt Do U$ Part

Small House - Big Debt (Season 8, Episode 4)

TV Episode | 22 min | Reality-TV

Liz and Will, who were high school sweethearts, are relative newlyweds with an infant son, Jack. Will has made a conscious decision that he doesn't want to know about or thus manage their collective finances. Beyond their mortgage, they ...See moreLiz and Will, who were high school sweethearts, are relative newlyweds with an infant son, Jack. Will has made a conscious decision that he doesn't want to know about or thus manage their collective finances. Beyond their mortgage, they have had a number of big expenditures of late, such as their wedding and renovations to their small house, which still requires many renos and which they have outgrown, and thus they would like to sell soon. Liz has rolled much of this debt into their mortgage to keep it out of mind so that she can justify more spending. Their mortgage is now more than the house is worth. Some resentment has crept into the marriage over money. Liz is an impulse shopper on credit, she who often hides the evidence of her shopping trips from Will who does know about the overspending on "stuff". As a passive-aggressive move against Liz, Will takes out cash advances for his few indulgences, such as golf and and drinks and meals out at the pub, Liz who treats him more like a disrespectful son than a husband because of it. Including the $40,000 that Liz has consolidated into the mortgage, they have $56,000 of consumer debt. Gail wants them to: feel the weight of the debt in their lives; see what it will take to make the necessary renos to make their house more salable; and proactively deal with what is sure to be their next emergency, transportation, as their two cars are near their last legs. She also has individual tasks for the two, Will's which is to get involved in the household finances, and Liz's which is to spend on her indulgences on a budget, which means buying second hand. But Gail also realizes their relationship needs mending if any of these other measures are to work. Written by Huggo See less

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2 cast members

Name	Known for
Michael Cortesis Self - Real Estate Agent Self - Real Estate Agent See fewer	Til Debt Do U$ Part (2005)
Gail Vaz-Oxlade Self Self See fewer	Money Moron (2013)

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Til Debt Do U$ Part

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