Advantages Interesting, fast paced, tips to help you cut your spending
Disadvantages No recent episodes
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Spendaholics is a series that was made for the BBC but is now showing repeated episodes on Really (channel 248 on sky). The time it is showed varies but can often be found on at about 12:30pm on weekdays.
A shock tactic is then given – Jay and Benjamin give the spendaholic a limited budget which they must stick to for the next week, really thinking about where their money usually goes. The amount is usually between £25 and £60. They are then followed on their ‘Cold Turkey’ week to see how they get on and what they spend their budget on. Some spendaholics really embrace this challenge and do very well but others don’t do quite so well, borrowing money from family or friends etc.Following this, various activities are employed by the coaches to allow the spendaholic to understand why they spend the way they do eg. focusing on when the problem started and any reasons why it could have began, when they tend to spend the most, alternatives to spending money and then eventually a new long term budget.
The coaches then meet up with the spendaholic a month or two later to discuss how they are getting on and what changes have been made.
The way the show is divided up into small sections keeps it fresh and interesting and it doesn’t begin to start to feel a bit repetitive.One slight negative is that the episodes are a few years old now – I think that in these current economic times then new episodes would do very well.
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