things that you buy, with money that you don't have, stop showing people the lies that keep you from a great relationship with people around you, especially your children. now you know. so until next week, there's only really one thing that i want you to remember when it comes to your money, and it is this. people first. be honest, people. people first. then money. then things. now you stay safe. bye-bye. than the princess. >> i'm a woman, and i like things done my way. >> she just puts her hand out like we're at a bank machine. >> i'm here to help this princess take control of her money and her life. over the next four weeks, she'll

live on a strict cash diet and complete weekly challenges. i'm here to help this princess take over money and her life. she will live on a strict diet and challenges. your dad doesn't want to be manipula manipulated. if she has what it takes, i'll transform her and give her up to $5,000 to pay down debt. >> you are noticed. >> no changes, no money. meet princess jennifer. >> my name is jennifer. i'm 21 years old and work at a shipping office. >> jennifer likes to look good, have nice things. >> i go shopping normally twice a week. i buy quite a few bags of stuff. thank you. oh, man. i don't know how i'm going to hide these. >> if i don't have clean

clothes, i buy new ones. >> she's always out. >> go from one bar to another bar, go out to eat and another bar again. >> she's more spend first and worry later. >> jennifer is used to spending everyone else's money. >> as a big sister, it's hard for me to tell her know. sometimes i lie and say i need money for something else. >> i need money for gas. nails done, eyebrows done, hair. >> i do use my mom's credit card a lot sometimes. i take her credit card. >> mom saved for years for jennifer to go to school. she got bored. >> i got a student loan and went shopping. the day they put it in my account, i bought shoes and outfits. i didn't buy one single book for school. >> for her to go to school and drop out, what are you going to do next? >> she has big dreams.

>> i love make up. i want to go into make up artistry. i want to open my own cosmetic line. >> she has to understand the risk in that and the dedication to become an entrepreneur. she doesn't do anything around the house. >> my mom nags me about cleaning the house and cleaning up after myself. i don't like to hear that. >> her mooching and scamming didn't satisfy her spending urges, so she went one step further. >> i got the payday loans and decided not to pay them back. to me, it was like free money. >> debts are closing in. >> i have credit card bills to pay off. they call all the time. i tell my mom to tell them i'm not home. >> the family is fed up. >> my dad's relationship is bad. >> it's time for help. >> now they called me in. it's my job to bring this

princess back to earth. hi, gail. nice to meet you, jennifer. >> nice to meet you, too. >> i hear you like to get everybody to do things your way? >> yep. >> you might not be that special when it comes to me. you know you are a princess? >> yes. >> what makes you a princess? >> they keep giving me what i want. >> why do they give into you? >> because i'm their younger sister. >> you are always going to be their youngest sister. >> she's the baby, so it's cute. we used to dress her up like a princess. as a 21-year-old, it's not cute anymore. she feels like we are supposed to give her money. >> she used the money she was supposed to pay bills, she used to buy material things. she needs to pay her bills. >> jennifer doesn't realize the

consequences of anything. she thinks about herself and how it makes her feel. >> i feel used. >> you are an adult now. >> is he contributing to the household? >> yeah. >> is she contributing to the household? >> yeah. >> everybody contributes to the household except you. how come? >> i don't know. >> why do you think your father is not talking to you? >> he doesn't want to be associated with everything i'm doing. >> he doesn't want to be manipulated. he doesn't like how you treat your mother. >> i saved the money for two years for her to go to school. she said she didn't want to go to school. i'm worried for her. that's my baby. i worried about her future. >> i felt really bad. it hurt a lot. >> you are breaking your mother's heart. this is not what she expected from her baby girl. >> no. >> if you are taking advantage

of the people that love you, what difference does it make that you are gorgeous on the outside? you have seen what they say. do you want it to be like this going forward or do you want to change? >> i want to change. >> so, the next thing i'm going to do is show you and your family exactly what's been going on. i want them to cut you off. >> okay. >> so, i have brought you all here because you all give her whatever she wants. you need to see where her money is going and we are going to talk about that. she's not paying much toward debt repayment or saving anything. she has needs. it's 26% of her income. she spends a lot of money on her wants. 101% of her income goes to wants. >> it's more than 100%. where is all the money coming from? >> here is the thing that

worri worries me about your debt. you owe $7,000, $1900 of it is to pay advance stores. >> i want to hide. i was so scared they were going to yell. >> they charge you upwards of 600%. you don't pay rent. you don't pay for your own car insurance. you don't have to buy your own food. what would possibly make you go into a pay advance store and spend all that money on interest and fees. >> there's no urgency for the money. i was disappointed when gayle brought that to light. >> you are spending $800 plus in cash advance credit. $335 for bank fees and charges. you wasted $2,100 this month. are you nuts? >> i couldn't believe she spent

that much money and boarried more money from me. >> here is the reality of your situation. you have been earning $32,000. you make a good income. for you to live the way you are currently living you would have to earn $67,000 a year. to live the way you are living and get debt paid off, you have to earn $76,000 a year. you are going into debt to the tune of almost $24,000 a year. >> wow. >> it's too much. we are disappointed in the way she spent the money. >> do i have your commitment you are going to keep your hands out of your pockets? >> yes. >> i felt relieved they weren't going to give me money anymore. >> i'm going to give you a series of challenges to do. you can do them to my satisfaction. if you do, you get up to $5,000. it will go a long way to eliminating the debt. if you don't do the challenges, you don't get the money.

if you don't have the right attitude, you don't get the money. this sabt taking control of your money and your life. we are going to focus on getting you to contribute to the household and help you to focus on something you want to achieve and help you make amends for the rotton child you have been. can she clean up this mess? >> do you think you can stick to this budget? [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade.

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♪ she's a princess >> 21-year-old jennifer spends

her time shopping, primping, and accumulating debt. 21-year-old jennifer spends her time shopping, primping and accumulating debt. >> i owe taxes, credit card bills, phone bills. >> as a baby of the family, she thinks it's everyone else's job to clean up after her. >> i don't have time. i was putting on my make up. >> her family is fed up. >> i feel like i have let my dad down. >> they have decided to cut her off. >> she needs to get things in the right order. >> i hope it works. >> i'm fed up. >> enough is enough. >> did you bring your plastic? >> yes. >> good. the first part of the challenge is the amount of money you are going to have. you will have a whopping $40 this week. >> when i saw $40 i was like this is going to be tough. >> this is your gas money. it's only enough gas money to

get you to and from work, because, jennifer, you are grounded for the next month. you go nowhere. i am putting you in charge of the household. you are going to do the cooking and the cleaning and the laundry and everything it takes to run the house you live in. >> it's good. i like it. i love it. >> the get real challenge is to whip my princess into shape. she never had to lift a finger around the house. it's time she became a contributing member of the house. >> look at my hand now. >> it's a shock to see she's in the house. she is taking more responsibility in the house and cleaning. >> it stinks. my mom normally does this. yuck. >> i was pleasantly surprised. she actually made a nice pasta dinner the other night. there's no way my dad can't

notice that. he has to acknowledge that. >> i never thought i could be up to the first challenge, just to be grounded, cook and clean and do all the things my mom does. >> with the help of her big brother isaac, she sat down to budget her income of $2400. >> that's a lot of rent. it's going to prepare you for when you move out on your own. it's a good preparation. >> cell phone. >> how much is that? >> $50. >> what is your interests and hobbies. >> i like to go to the mall. >> it's not a hobby. no, no, no. she's so consumed with the non-necessity things. >> i need to buy some hair. >> every month you need to buy new hair? >> yeah. >> what happened to like, i see people that just wash their hair. >> no. i think the worst part is seeing that i can't put my money toward my hair.

it won't fit in there. i was bummed out about that. >> remember, this is only for a temporary amount of time. once you pay off the debt, you can increase the amount you put into savings. after a year, you are fine. you have to grind for a little bit. after that, you are going to be good. >> did you find running the household? >> at first, frustrated. me being home, i wasn't used to it at all. after i started getting things done and seeing my parents weren't nagging. >> they are so happy, so relieved. >> yeah. >> i want to talk about the rent issue. it's a big issue for you. >> yeah. >> it's time for you to start practicing being an adult. when you do move out on your own, itd will be a walk in the park. >> yeah. >> you are contributing in a real way to help your parents. they have given you a lot. it's time to give back. >> i have to start doing more things that most adults do and keep doing that. so, i'm used to being an adult.

>> you want to know what your next challenge is? >> yes. >> it's a set goals challenge. this is about the dream you have of creating your own cosmetics line. you haven't done any research, right? >> no. >> i'm going to send you to an expert who created her own line and you get to see what is involved. >> okay. coming up -- >> it's boring. [ male announcer ] tradins like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account.

make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. >> ♪ oh, oh, oh, oh ♪ she's a princess >> princess jennifer is the youngest of six, and she's using

her family's resources as her princess jennifer is the youngest of six. she's using her families resources as her own. >> i was to pay off a credit card and didn't so they canceled it. it's ruining her credit. >> she prioritizes her hair over everything else. >> i get my hair done every time i go out. >> she dropped out of school. nobody knows why. >> she's on a cash budget of $40 a week. >> the hardest part of the challenge for her is living on cash and not depending on anyone else. $40 is not going to go far with her. >> long wear cream eye shadow. >> after a week of being grounded, she wanted to treat herself and blew through her budget. >> you are living outside of your box. >> when your car doesn't have gas, what are you going to do? >> are you tread di- for your

total? >> $454.09. >> i have to put stuff on hold. >> you want to put it on hold? >> all the nail polishes? >> everything. >> we hold for 24 hours, is that all right? >> it's good. >> where are you going to get the money? >> i have a sister. she gives me what she wants. >> you still want it on hold? >> yeah. >> clearly she loves cosmetics. i wanted her to stop using it as an excuse to spend and expand her horizons. she wants to own her own make-up line. for her challenge, i'm sending her to research what's involved. >> i'm excited to see what it takes to start my own cosmetics line. >> you need a lot of expert members on your team. tough be able to consider all aspects of the creation of your dream. >> i have to tell you, jennifer, that this lab is luxurious

compared to how i started. i started in a basement. it was either at night or on the weekends. it took a year and a half to perfect the cream. three years to actually approach our first retailer. >> wow. >> you always have to be thinking about marketing, sales promotion. >> wow. it's a lot. >> to hear it from somebody made me realize how much work would it be. >> there's a lot of unglamorous aspects of the glamour business. >> it's not hard at all. it's tedious. there's nothing exciting about it, really. it's boring. >> everyone has a dream. i think when you actually have the ability to come into your dream and have a good look around, sometimes you may have to put that off for some time. >> i'm not this type of person.

i don't know how to put like two -- oh my gosh. she, i forgot to look. >> i think she should apply for a position in a cosmetic company so that she starts at the bottom and works her way up. >> it's a week later. i met up with jennifer. >> you were in for quite the shock when you saw all involved in creating your own make-up line. >> it was overwhelming to see how much time and dedication it took for her. she sacrificed a lot. >> so you rewrote your goals? >> yeah. >> tell me your new goals? >> i'm going to go with being a professional make-up artist. i think being a professional make-up artist would be a more ideal career for me. >> you were going ask your sister for a loan? >> after i seen that, she's supporting me, there's no point

in asking her. >> good. you want to know what your next challenge is? >> yeah. >> it's an attitude adjustment. make a presentation to your family about how you have changed and how your life is going to be different. are you up for this? >> yeah. >> i wanted her to show her family she's not the baby anymore and let them know she's ready to take a new role in the household. >> you look so mad. >> everybody went zoom. my car was like a turtle. >> i want to be able to be vocal with them and let them know i'm willing to change and how i want to change and how i want to progress. for my third challenge, basically, i wrote an apology letter. i want to apologize for taking advantage of you all and not listening when i was spoken to. this is my contract to you, i will continue to strive to turn my life around and be more responsible. i have a direction.

and i see why you were worried so much. i'm sorry for making you cry at night. i apologize for being selfish and thinking the world revolves around me. >> to see that you are growing up is good to see. continue with what you are doing. we're proud of you. good job. >> thanks. >> if you change, don't go back. if you go back, it's west. jennifer, don't go back. >> she was crying because she's happy, i guess this is the first time her hearing me say it out loud, like how i'm going to change. >> a toast to a new beginning, to jennifer. cheers. >> cheers. coming up -- >> mom, is she tapping your wallet?

[ male announcer ] tradins like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. [ male announcer ] the markets keep moving.

make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account.

♪ she's a princess >> four weeks ago, jennifer was a 21-year-old princess who lived for herself. i challenged her to contribute four weeks ago, jennifer was a 21-year-old princess who lived for herself. i challenged her to contribute to her home, plan for her future. before i make my final decision, i'm going to have a word with her family to see if they have seen progress. when you saw her make the presentation, were you impressed with how far she thinks she has come? >> definitely. i think we were all impressed with her and the level of maturity she's showed. mom, is she tapping your wallet? >> no. >> my parents are very happy. my dad is very happy. my mom is very happy. >> let's see what she has to say. come on in sweetheart. >> i surprised myself. i never thought i could get through the first challenge, just for me to be grounded and

cook and clean. after awhile, i got used to that. >> what would you say was the hardest lesson to learn? >> being able to actually stick to not spending and not going into my account and taking money out or spending money on unnecessary things. >> you now know what it is you are working towards. >> right. >> that is, you want to do professional make-up artistry. you are going to do the research before the career? >> correct. >> how hard was it for you to tell everyone what's changed and what is new for jennifer? >> i don't express myself. i keep it in. for me to write a letter and say it was difficult. once i actually said it, it made me feel better. >> how well do you think you did? >> i think 4. >> you think a 4? i think you did $5,000 worth. >> thank you. >> jennifer is definitely going to stick with this. this is a long term thing. sometimes it takes a thirdar