twitter facebook stumble upon rss

'Real Housewife of NJ' Blows $60K After Declaring Bankruptcy!

sign up for the momlogic newsletter Tweet This

momlogic's Vivian:You just can't keep a good shopaholic down!

Teresa Guidice

According to the New York Daily News,"Real Housewives of New Jersey" star Teresa Giudice blew through more than $60K on luxuries last fall -- "just days" after declaring bankruptcy for owing creditors something to the tune of $10 million bucks!

Her lawyer, Jim Kriedel, told Peoplethat the cash was book-advance money and Giudice was fully entitled to do what she wanted with it. "Since she earned it after the filing, she was absolutely free to spend it," he said. He went on to say that she needed furniture "consistent with her style on the show" -- which we all know was CRAZY opulent.

Giudice and her hubs are due to auction off a bunch of their stuff -- including a suit of armor (?!) and their wedding rings (?!?) -- but that's expected to only bring in a little over $50K.

What would compel a woman in so much debt to spend so much the minute she got her hands on some cash?

Our expert, clinical psychologist Dr. Michelle Golland, says it seems like Giudice is deep in the throes of some extreme addiction issues.

"Spending money is a high," says Dr. Golland. "We feel that if we have these objects, then we are full and complete. It's a battle between the internal and the external, and believing that the external things make us feel better. There's this constant building up of the external, but as you do that, the internal is shrinking because you are so unaware. You might be anxious or depressed. With anxiety, it's a vicious cycle because you shop, you feel better, then you worry about what you spent. With depression, you might be unhappy with yourself, your role or your life, and you want to avoid those feelings."

Yeah, but isn't $60K some serious avoidance?

"People's shopping addictions are relevant to their lifestyle," says Dr. Golland. "Someone like her, who is dealing with all these money issues, will aspire to what's just out of reach. They want to be able to keep their status going. Out of all the 'Housewives' on that show -- on camera, at least -- she spends the most. You can see it: She and her husband fought a lot over money. You see that it's this compulsive perfectionism. She's trying to retain something to feel good, to feel of value. It's so out of control."

Word up! Especially since a lot of folks these days would be more than happy to live on $60K a year!

next: Cooking in the Future: What Your Kitchen Will Look Like in 2040
159 comments so far | Post a comment now
diazepam December 1, 2010, 3:45 PM

Useful information shared..Iam very happy to read this article..thanks for giving us nice info.Fantastic walk-through. I appreciate this post

new thomas sabo charms December 20, 2010, 4:58 PM

Now this is hghly recommeded post for me. I will surely email this to my friend.

produse slabit December 27, 2010, 5:32 AM

I was been looking the google for such information and i wanted to say thanks to u for this post. BTW, just off topic, where can i get a version of this theme? – Thank you

Aaron Harris December 29, 2010, 3:06 AM

Well I definitely liked reading it. This subject procured by you is very helpful for good planning.

dieta personalizata January 3, 2011, 8:20 AM

I was beeing scouring the Internet for such info and i wanted to say thanks to u for the post. BTW, just off topic, where can i get a copy of this theme? – Thank you

dieta January 11, 2011, 3:51 PM

I have beeing searching the Web for this information and just wanted to say thanks to you for this post. By the way, just off topic, where can i find a copy of this theme? – Regards

redtube January 14, 2011, 1:39 AM

Cheers, I really love the way you wrote the story… maybe you could come to my site and make some advices. thank you in advance.

bow window treatments January 25, 2011, 7:24 PM

Hey, I have been comeing here to your webblog for months now and I always find a gem in your articles. Thanks for sharing. Thank You For This Post, put it in my bookmarks. Thanks again for taking the time to put this up. I unquestionably liked every bit of it.

erotyka February 1, 2011, 11:15 PM

Thank you for your article.

Torty February 2, 2011, 4:11 PM

The new article is going to be awesome!

Victor Pierotti February 5, 2011, 6:19 AM

It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks

Jason Brunkhorst February 6, 2011, 7:50 AM

Wow! Thank you! I continually needed to write on my site something like that. Can I take a fragment of your post to my site?

Katalog Stron WWW February 7, 2011, 6:00 AM


szyby samochodowe warszawa February 8, 2011, 5:17 AM

It’s the best time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or advice. Perhaps you could write next articles referring to this article. I desire to read more things about it!

stomatolog Bolimów February 9, 2011, 8:38 AM

I just couldn’t depart your site prior to suggesting that I actually enjoyed the standard information a person provide for your visitors? Is going to be back often in order to check up on new posts

lego February 9, 2011, 11:19 PM

The new article is going to be awesome!

orkiestra weselna February 19, 2011, 2:13 AM

Interesting and usefull for me, i’m agree with this.

Leola Heaberlin February 20, 2011, 5:39 PM

Great info and straight to the point. I don’t know if this is actually the best place to ask but do you people have any thoughts on where to hire some professional writers? Thx :)

gry dla doroslych February 24, 2011, 1:49 AM

Simply amazing article!!!

zarabianie w internecie February 24, 2011, 2:48 AM


Back to top >>