People across the country are counting their pennies more closely than ever and asking themselves some tough questions about what they can really afford. Suze Orman is back to approve or deny what your finances can handle—and this time around, she's settling a few family feuds.
Many women have husbands with expensive hobbies, and Michaela is one of them. Michaela has her own Mary Kay business and just started her own cake decorating business. Her husband Chris works in sales and is the ultimate Washington Redskins fan. "When I met him, I knew he was a Redskins fan. I just really had no clue he was a Redskins fanatic," she says.
Michaela estimates her husband has spent about $25,000 on his "man cave"—including a $2,200 television, a $900 surround-sound system, custom-framed photos worth about $300 and a poker table worth $500 to $1,000.
Chris spares no expense to get Redskins gear for their three kids, Michaela says—including jerseys and a Power Wheels Escalade in the Redskins' burgundy color. "I happen to know my husband's e-mail password, and there are 320 e-mails of tracking purchases," she says. "I would say that [delivery services are] at our house almost every day."
Michaela says Chris didn't grow up with much and now wants to enjoy some of his success. But Chris and Michaela aren't debt-free. Together, they owe $130,000 in student loans. "It often makes me wonder if we will ever get them paid off. If we'll ever get to the point where we can start thinking about our kids' college and the future so they don't have the loans that we have," she says.
So Michaela has a question for Suze: "With all of our student loans and his fabulous hobby, can we afford his hobby or should we be putting the money somewhere else?"