Til Debt Do Us Part Season 1 Episode 9 The Romance With Cash Advance

Til Debt Do Us Part is a reality show that originally aired on the Canadian television network Slice. It is hosted by financial expert Gail Vaz-Oxlade, who helps couples and individuals get their finances in order in an effort to eliminate debt and save for the future. The show ran for eight seasons from 2005 to 2011 and has since been syndicated in other countries, including the United States.

Season 1 Episode 9 of Til Debt Do Us Part is titled "The Romance With Cash Advance." In this episode, Gail meets with a couple named Susan and Ken who are struggling with debt and financial mismanagement. Susan and Ken have been married for five years and have two young children together. They live in a modest home in a suburb of Toronto and both work full-time to make ends meet.

The main issue facing Susan and Ken is their addiction to cash advances. They have been taking out cash advances on their credit cards on a regular basis to pay for everyday expenses like groceries, gas, and entertainment. This has led to a cycle of debt that they cannot seem to break out of. Their credit card debt has reached over $30,000, and they have no savings or emergency fund to fall back on.

Gail begins her intervention by sitting down with Susan and Ken separately to get a sense of their financial history and mindset. She quickly discovers that both of them have a lack of education when it comes to basic financial management. They have never created a budget or tracked their spending, and they do not understand things like interest rates or credit scores.

Gail also notices that Susan and Ken are very laissez-faire when it comes to spending money. They do not think twice about buying things on credit, and they often make impulse purchases without considering the consequences. Gail explains to them that they need to adopt a more disciplined approach to their finances if they want to get out of debt and build wealth.

One of the major challenges in this episode is convincing Susan and Ken to give up their addiction to cash advances. They are used to relying on these advances to make it through each week, and they do not see them as a problem. Gail explains to them that cash advances typically come with high interest rates and fees, which only make their debt problem worse.

Gail helps Susan and Ken create a budget that takes into account all of their income and expenses. She shows them how to prioritize their spending so that they can pay off their debt as quickly as possible. She also teaches them about the power of saving and investing, and encourages them to start putting money aside for long-term goals like retirement and their children's education.

Throughout the episode, Gail uses her tough-love approach to motivate Susan and Ken to change their habits. She pushes them to make hard decisions and make sacrifices in order to achieve their financial goals. She also provides them with resources like books and online tools to help them continue their financial education after the show is over.

By the end of the episode, Susan and Ken have made significant progress towards getting out of debt. They have stopped using cash advances and have begun paying off their credit card balances. They have also started saving money in an emergency fund and a retirement account. Thanks to Gail's guidance, they are on track to achieving their financial goals and securing a better future for themselves and their children.