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Parents Try To Cut Off Daughter's Credit Card Access - Prince$$ - 208 - Rachel

At 25 years old, Princess Rachel should be well on her way to financial autonomy. Instead, this petulant Princess lives at home with her parents, and is still completely dependent on them to fund her self-proclaimed shopping addiction. Rachel works only sporadically, but still spends more than 100% of her income each month on “wants” like clothing and jewellery, leaving it to Mommy and Daddy dearest to pick up the tab on her “needs.” Despite their generosity, Rachel’s sense of entitlement is almost breathtaking, as she blithely suggests they sell their house and move into a smaller one so they can buy her a place of her own. 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.