Teen Mom is a show on MTV that airs on Tuesday nights at 10PM.
It’s a reality show that follows four ‘teen moms’: Catelynn, Maci, Amber, and Farrah. The young women were originally part of “16 and Pregnant”, another reality show that is exactly what it sounds like: pregnant 16 year old young women. Both Teen Mom and 16 and Pregnant are like train wrecks: you can’t help but watch because it’s so messed up. I know I’m addicted, and the majority of my friends are also. There are some good lessons to be learned from the show (don’t get pregnant until you can completely be responsible for a baby), and I’ve decided to highlight what I’ve observed about money and Teen Mom.
Farrah’s worst money experience is when Farrah gets scammed on Craigslist. On Episode 5, Farrah decides she’s going to sell her Dodge Neon on Craigslist. She lists it, and lo and behold, someone buys it the next day! They send her a check in the mail with more than enough funds to cover the car plus shipping, plus some extra money for her trouble. She Western Unions the money to the buyer, and all is well. Until a few days later when her banker calls to tell her that dun dun dun… the check was fraudulent and bounced. Now Farrah’s out like $3,000 and overdrawn in her bank account. Ouch.
It seems as if Amber and Gary don’t care about money because neither of them are employed. One good money move they are making is to not get married. Of course, that changes during every episode, but more likely than not, they won’t get married. They will not only save money, but they will probably also save each others’ lives.
Maci appears smart with her money- she attends a community college in Chattanooga and then transfers to another community college in Nashville. Of course, when she decides to move from Chattanooga to Nashville, her expenses increase as she moves from her parents’ house into her own apartment.
Catelynn and Tyler seem to be pretty responsible with money. Both live with their own respective parents (coincidentally Catelynn’s mom is with Tyler’s dad) and attend a public high school. They placed their daughter for adoption in hopes of a better life for her. They believe they couldn’t have provided adequately for her, as they still hadn’t graduated high school. I think they made an awesome decision in placing their little girl with adoptive parents. Although they miss their daughter terribly at times, Catelynn and Tyler seem to not regret their decision.
Raising a child is expensive, and it’s even harder when you’re a teen mom. Going to school, paying for living expenses, and raising a child all cost money. I can’t even imagine being a teen mom, but these girls seem to make it all work somehow. It’s interesting to see the vast differences in money management between the young women. Some of them handle money better than others, and some seem to not care at all about money.
Do you watch Teen Mom? Have you ever thought about their money situations?