Suze Orman on ‘The Oprah Winfrey’ TV show

Suze Orman on ‘The Oprah Winfrey’ TV show

On today’s ‘Oprah’ TV show they focused on a wife that had her husband kill himself and their financial problems that he left behind. It was a difficult show to watch, but it shows the importance that women need to plan their finances and not just rely on their spouse. Susan Orman was her to help coach Sylvia, who suffered in more than one ways from her husband.

Sylvia, lost her husband Joe who she was married to for 16 years. They lived in a large 5 bedroom house that was decorated to the max. They had four children at home and the kids had so much toys and clothes. They started the show with her calling 911 saying that she found her husband in the garage with blood coming out of his mouth.

She explained that both her and her husband would spend money without care. They continue with the sad 911 call which was only three months ago. He killed himself. She said that he left a note saying that they destroyed me.

Three months before his suicide he was acting different and drinking alcohol and treating her poorly. She has a total of 5 children, one is an adult. He would say that she was an unfit mother.

Suze Orman is on the show today to talk to women and help prepare and prevent this kind of financial disaster. The wife is ending up homeless because of all the debt. The husband stopped paying all the bills three months prior to his suicide.

Suze Orman interviewed Sylvia at her house and asked her about her relationship with her husband. She said that he would say that she stole his money. She said that he was aggressive with her. She stayed because she was afraid and she felt like she was stuck. She believed that she couldn’t make it without his money. So money kept her coming back to this relationship, but in the end she was left with all the debt.

The husband canceled the life insurance policy three months previously to the suicide. There was only $72 in the checking account. She owes $450,000 on the home, and $60 – 70 thousand on her credit cards and the husband had $40 - $50 thousands in credit card debt. There was no savings. She had no money to buy milk, and she finds out the next day that the life insurance policy was canceled.

Orman said that how you treat the money is a reflection of the relationships that surround you.

Orman continues to explore Sylvia’s feelings and concludes with having her wash off her makeup because of what her husband insistence of her wearing makeup to look pretty. Sylvia said she wants to have more confidence. Orman said that she needs to care what she feels like not what she looks like.

Next without makeup on, Orman addressed the money problems. Last time she worked was 12 years ago as a hairdresser. Orman has broken down her bills and said it would cost $4,698 just for house expenses. That was before other living expenses, cars, groceries, and extra insurance. The bills just add up and Orman said that $9,248 would be the cost for her to live right now in her current situation.

Orman said that most women don’t know how much things are going to cost you on a month to month basis. She said this is why we are continual in debt. Orman said that we need to know your monthly expenses.

Orman said that the Sylvia will have to sell her house and will have to move into a one bedroom apartment with her four children.

Orman gathered her friends and family together to help out. Sylvia said that she will need help watching the kids while she goes out to look for a job. One of them offer to help out three days a week after school. Another couple offered babysitting help, and couple more offered to cook food. Brother-in-law committed to a $1,000 a month to help out. Another will help her find an apartment. Another will help sign on the lease and more offered to help her move.

If you have absolutely no money you have to ask for help from friends and family said Orman. Once Sylvia is back on her feet she needs to help somebody else that had the same situation that she was in and pay it forward.

Sylvia reads a sad letter that she wrote to her husband two years ago.