Spelling It Out: Money Matters

In sTORI Telling Tori Spelling talks about how she didn’t have to think about money until her 30s. It doesn’t seem like she’s learned much in the last 10 years. They moved to a large house in Encino but they had to move to their dream farm in Malibu which had only 2 bedrooms for 3 adults and 4 children and required massive renovations. Did I mention the Encino house was paid for and had enough bedrooms for all 5 kids?

In Mommywood Spelling goes to Nordstrom’s to find a dress for an event. Because she’s a celebrity they brought her an obscenely expensive Dior dress or she could opt for a Stella and Dot for only $300. I can think of very few friends of mine who would drop $300 on any sort of garment. That’s a lot of money for a dress you’re only going to wear one time. And what’s wrong with Macy’s BTW?

In Spelling It like It Is she talks about how she went into a gas station and dropped $50 on DVDs because they were on sale. It’s called Netflix and Redbox. If you want a good sale hit up the discount racks at Target where each kid can pick a $5 DVD. Normal person logic just saved $30.

Spelling shops compulsively and when she had InvenTORI, her antique store, she had an excuse. After revealing it was a huge money pit, she ran out of excuses. A few different tabloids explain she was spending thousands a month in rental fees for furniture she won’t sell and doesn’t have the space to use. One of the excuses was that “she’s keeping it for her kids.” Based on the massive storage center I saw them in on her show, I think they’re right.

My mother used to work with a woman who was very into her stuff. When she was informed that her kids won’t want her crap she stipulated in her will her children are not allowed to get rid of anything of her for at least a year. Even 10 years from now her kids will be too young to want any of it so why waste money now?

I saw another article about how she was spending a more than $500 a month on boarding a pit bull she was afraid to have around young children. All of her kids are so young that the dog will be near death before they aren’t ‘small’ anymore. Rehome the dog using your favorite animal rescue and save the monthly $500 bucks.

All the moves, pets, and shopping speak of a need for novelty. There is a chemical rush in getting something new that we are all familiar with. Spelling quoted her mother as asking “What are you searching for?” No one but Tori can answer that but I hope she finds it or Suze Orman soon.

Music: Money by Barrett Strong