I don't mean to sound messed up but, whenever I need to stay motivated I watch these docs Here I am a year later, I had some major car trouble and had to come up with some money to fix it, not a bit deal since I had more than enough saved up. Keep watching and keep being smart with your money.

Sad story about financial illiteracy. Making your $150 minimum payment does not mean "everything is ok".

The mentality of having $42,000 outstanding credit card debt and then going out to an expensive restaurant is unfathomable to me. I'm glad I was brought up differently.

They are a really good example of poor personal responsibility... 6 kids???? On a lunch lady salary?? Going to disneyland and impulse spending??? Yikes

I'm sorry but 20 credit cards and 42K in credit card debt on top of a refinance is grossly irresponsible. I get nervous with my just ONE credit card.

Damn, $43,000 in debt and 6 kids.....fuck!

Schools need to classes on credit and debt in high school.

I make 40grand a year. Zero debt, 819 credit score. House paid off. Im 37, barely graduated highschool. The trick is to spend less than you make. EZ-PZ. Thank you for attending my TED talk.

this country has a financial illiteracy problem

Money lesson 101 if you can't afford to save for something you can't afford to pay something off. Simple.

I use to have a really bad spending problem. When i was in my Late Teens early 20s, i was addicted to Gambling and Drugs. I was over 35 Grand Credit Card Debt, living on 20 bucks a week just on Food. I hit rock bottom ... Now I'm completely Debt free and drug free, and it feels Great!

And this is why I like being a minimalist.

For the people who keeps commenting on how many children they have......I’ve seen so many stories on other people in the same position and they have zero kids. It was not feeding the family that was the problem, it was the vacations and eating out that was mentioned.

I save 28% of my pay. No TV. Just my phone, a 2013 note 3, a laptop, and a computer. I have no debt. I know people who make more money than me but have lost everything because of debt including their homes. One piece of advice always live below your means. Sure you won't have the nicest things all the time. But you will have peace of mind.

Pay your entire balance EVERY month. So don’t spend more than you can pay that month, pretty simple.

2:30 They refinanced the house and then "paid" the debt off, no honey you moved the debt and then jumped right back in.

$43,000.00 I would never be able to sleep. Stress would kill me.

Poor joneses, the most maligned and scrapegoated family ever!

My question is who the fck was giving them these 20cards?

They trampled someone to death just to SHOP??? That is madness.

a $25 tip ? that's probably more than she makes in an hour that she's just giving away to stunt.

"I walk into Wal-Mart and it's tempting ...." I feel your pain ..... so start putting limits on how many times you walk into Wal-Mart.

Who in their right mind gets 20 credit cards? I'm sorry, but I freak out at the thought of more than 2 cards. 20 cards is just plain lunacy.

I’m amazed at the lack of basic math skills and self-control of people these days. The concept of delayed gratification no longer exists.

"LIVE LIKE NO ONE ELSE, SO YOU CAN LIVE LIKE NO ONE ELSE LATER." CASH IS KING." "BIG HAT, NO CATTLE." (DAVE RAMSEY)

I know some people who always have to have a new car. CARS will RUIN your finances!

Paying the minimum credit card payment is not "paying it off".

This family has $40 k in debt but she still feels the need to be like “oh we have money! (ie we’re not broke) Yea...ok

*I’m so happy I listened to my grandma and never got a credit card, my house is paid for, my car is paid for and I have solar on my house. I could never get myself into debt, it’s just too much stress for me.*

We need an updated version of Maxed Out! I've read the book and watched this. Circumstances are worse in many respects now.

They need some Dave Ramsey

Always making the minimum payment on multiple credit cards doesn't mean "everything's fine." Paying the balance every month - you're good.

remember......everything the neighbour has , has probably been bought using credit. Their grass is astroturf........

No sympathy for those unwilling to tell themselves and their offspring the word "NO"!

It's sad to watch this is 2019 and realize people are repeating the same mistakes.

"When we had money". There. That's the problem. You NEVER had this money. You wouldnt be in debt if you did. Your thinking is still horribly flawed.

It doesn't matter how much you make. It does matter how much you keep!

Self control. You can't say "They temped me" You have to say no or I can't afford that.

No debt. Pay credit cards off each month. We only use them for convenience. Not because we want things we cant afford. Home paid off. Cars paid off. When I do buy clothes and shoes, handbags, I only buy on sale. Get the best prices I can.

They need to get on Dave Ramsey baby step plan!

Six children! That is insane. They both work and that is commendable, but many people don't have the luxury of vacations because they are PAYING THEIR BILLS.

She could have said "no" to the credit card offers!! That is just plain selfishness!!

I make close to 100k a year. I shop at second hand stores, I never eat out, always make home cooked meals. I own my Car and I have no Mortgage or any credit card debt. I support a Family of 3 and I'm 36 years of age. Living a frugal life has allowed me to save thousands of dollars. The trick to saving, only buy things you need and dont buy things you dont need.

This is the stuff they need in high school on their "movie days"

Lucky me, I never heard of or met the Joneses nor did I care lol

Good question: "Why is it that we want things?" It took me years to finally change my perspective on spending. It's hard! But now I don't want anything. It's now very hard for me to spend on anything. There is a lot that people can live without.

The fact this video is 14 years old and is still applicable today. That's sad.

how about a 'where are they now' update KPBS..........

Walkman? Blackberry?!!! I know this is old!!!

If you buy literally everything on credit cards and carry a balance, you never had money. Debt, you had debt.

6 kids! contraception would have been cheaper

everyone is complaining about 6 kids but did you see the tv and the gaming system

I want to enjoy the life of luxury, but I know in reality I can't. I just don't have the money. If you don't have the cash to pay for a trip or whatever, why in the world would you use a credit card? You'll have to pay that back plus a ton of interest. People, don't think sometimes.

Let's see....vacations, dinner out, buying stuff you dont need with 6 kids yeah I wonder why you are where you are. I grew up the oldest of 5, immigrant family and my parents didn't use credit cards, we were always fed, had a roof over our heads and clothes on our backs (grew up in the 90s)

So the lesson learned is live within your means and not go into debt for stuff you can't afford and don't need.

I'd rather have money in the bank instead of debt. Every penny going toward interest for credit cards could be in the bank!

Man I have $160 dollars in credit card debt and I break out into cold sweats! Can't wait to pay it off. By the way I pay all my credit card debt in full every month and only spend what I can pay for! Thank god I learned how to manage my credit! Believe me it's tempting to just go crazy and splurge but I cannot afford to pay it back in full so I just don't bother.

Why on earth do people have six kids? That is financially stupid. People have such a sense of entitlement.

Makes me feel normal. I adopted a habit of not buying anything I don't need, no new clothes, or shoes, forget about house. I cook everything I buy- nothing goes to waste. I have an I pnone 4s, which I use for my job. I guess that's a good start

I thank Kimberly Clark for changing my mindset when it comes to shopping. I started thinking "Don't Need It, Not Gonna Buy It!". That changed my life.

they will be back in debt guaranteed

The thing is most of these people will go right back into debt after they get out of debt just like a drug. The thing is to stay out and live the freedom of no debt or little debt.

People pay alot of interest on those cards too. Weve been debt free for over 15 yrs. Never want debt again. Credit that has to pay interest on a monthly balance will keep people in financial trouble.

Really enjoy camping (tent) about 10x/year.. Perfectly happy sleeping in a tent on an air mattress - some beer, burgers etc.... really makes you realize you don't need much to be happy, and how much excess most of us have... i suppose there are things we all "want" but after basic needs are met... really they don't seem that important...

Credit councillors are the best! Good on him!!!!!!!

uploaded in 2008. those brand new cars are now worth about $4k-5k... lol sucks. I drive old used cars, always get my money's worth

Live within our means, 12 year old car, 0 credit card, paid off our house. The only thing wife and I are maxing out are our retirement contributions. What a feeling. Who gives u crap about the joneses.

It's called NO SELF CONTROL! Both with procreating and credit card spending. I don't feel sorry for them.

You know when I was a child I grew up Catholic and greed was considered one of the seven deadly sins if I remember correctly.

Dave Ramsey people

I've always live within my means and it's really worked out for me I'm 45 with a paid-off house a nice car you just got to do the right thing with the money you have

I remember the economic recession of the late 2000s very well. The Reyes family in this special from San Diego were like so many people. Back in the 2000s, there were plenty of people buying what they couldn't afford on credit. Some people were buying houses together knowing they probably worked somewhere like McDonald's or Walmart. Poor people buying houses or people who had good jobs and were laid off also helped caused the housing crisis. Many mortgage companies were also involved in mortgage fraud as well and gave loans to people who couldn't afford them.

Six kids tho

*She said she was never going to use credit cards again, of course not, she’s been forced by having all of her cards shut down lol*

Here are 6 words to live by: Comparison is the thief of joy.

My jaw dropped when she said they had 20 credit cards, like omgggg

6 children ??? WTF man when you are so strapped on cash why have 6 children ?

Open a joint account, funnel majority of your incomes to that, pay all bills, put rest in savings. Keep pocket change for personal use. If you can’t pay in cash, you can’t afford it.

This was 10 years ago. I remember so clearly picking up a newspaper in Edinburgh airport the morning the news broke about the Lehman Brothers crash and thinking 'We are about to live through interesting times'. The year before that Tony Blair's Labour Government in the UK were busy selling our gold reserves at bargain price and spending like drunken sailors to 'boost' the economy - basically inflating a bubble to the background tune of 'Things can only better'. How wrong they were. While some of us saw disaster looming many people had taken out a bunch of credit during those times based on their well paying jobs, then lost those jobs thanks to outsourcing and the ripple effects of banking insanity. Jobs that became available paid less and they were squeezed. I hadn't always spent wisely and had no savings, however I got a good redundancy payment when it was my turn to lose my job, I wasn't in debt other than my mortgage and have very employable skills. I had also set my life up with the plan that I could live ok on 2/3 of my earnings if I cut out the 'wants'. To me, nothing was hard about this and it was an obvious strategy, so when disaster hit I was well placed to ride it out. These days I don't even want half the things I already have and don't give a toss about what anyone else has. Life is much easier like this. No-one really cares what you have except you. Your image only matters to you, so wise up and think about why you care about all this crap. It's a tragedy that 10 years on it seems we've learned nothing, it's as if society has sleepwalked into believing debt is a fact of life. *Your* debt only makes $m dollar bonuses for the corporate psychopaths in the banks and corporations that caused all the problems in the first place. It really doesn't have to be this way.

“Consumers feel good when they buy” the man speaking looked like the devil’s advocate 😭😭😭

"I was making the full payment, I was making the ...$150 payment on the credit card". Aw honey, that's the minimum due, that's exclusively going toward the interest and your principle isn't being touched. And honestly, you made your life difficult when you decided to have 6 kids as a lunch lady, no one can afford 6 KIDS and apparently the ones that can know better. It really seems like they don't understand how money and debt work.

Legend has it that Denise Rayas is still paying off debt

My house is paid for, my car paid for and no credit cards. I want to enjoy life and travel. Stuff is just stuff.

I'm single. I own my home, no mortgage. The kitchen and bath needs updating, I'm saving for it, what I have works. I have 4 credit cards with a balance of $60.00. I have one 0% interest loan. I also have a savings account at that same bank with the money to cover the loan, auto pay. I drive a 2000 Nissan Frontier and a 2013 Toyota Corolla, both paid for. I know the difference between need and want. I know that there will be an "unexpected" vet bill or my car may "unexpectedly" break down. Ahhh anyway, the Jones's can kiss my ass lol cause if they knew how well I sleep at night they'd be jealous.

People are just stupid. It just doesn't make sense to me.

Lower expectations, don't compare or compete with others. Live with gratitude. 🤷‍♀️

This has aged perfectly.

"Our western world is spiritually bankrupt" ... I love that. If you're spiritual, you'll know how to calm yourself. You still need to be financial literate.

Max out credit card and give big tips at fancy restaurants. that's the way to go.

I don't like how parents don't teach their kids financial responsibility or how to find deals.

I’m watching this in 2020. I can’t imagine the situation with folks like these today.

🤦🏾 I am working on being debt free (Dave Ramsey)....This makes me "definitely" want to get my finances in order #Reality #workharder

Ah yes, December 2008 - I graduated from college and couldn't find a job anywhere

Buying things you don't need with money you don't have.. This is what I always remember every time I hear the lure of credit cards.. It's still better to use cash so you can keep track of your expenses.

I learned valuable lessons in my early 20s when I let a man manipulate me into going into debt and disappeared. Was I young and dumb and didn't know. Not anymore. I'm older, wiser with a FICO of 800+, no debt, 2 credit cards paid completely every month. I learned the difference between a want and need Feels good.

It's simple, if you can't buy it in cash, you can't afford it

The Joneses are everywhere.

The American consumer has been deaf, dumb, blind and stupid loading themselves down with items they never needed or wanted in the first place. Second and third mortgage plus a leased BMW and scraping by. The American Dream, not!!

Wow!I'm 65 and the last time I had any debt was back in my mid 20's.I'm glad I learned from my mistakes.

For those of you who think you don't have debt remember.. Anything you pay monthly for is considered debt. Not just credit cards, homes and cars..