Fiancial Fiascos

Working moms and stay-at-home moms go head to head in debating the best way to raise children. When they were first on the Dr. Phil show, Nate and Jessica had declared bankruptcy, but Jessica was still spending excessively. She was resentful of Nate for not making more money.

She has since changed her thinking.

"When the show aired, sitting there watching myself, I was appalled, I saw someone who treated her husband horribly," Jessica says.

After the show, Jessica read what viewers posted on the message boards.

"I saw words like spoiled brat, unfit mother, and selfish," she says.

Nate has seen a change in Jessica. "She has realized what she looks like in everyone else's eyes," he says. "I think the biggest message she got was that she was really self-centered, but that's all changing now."

"As soon as we left the show, I started reading The Two Income Trap and Dr. Phil's Self Matters book," Jessica says. "Both books helped me."

Jessica now views her life in a different way. "When Dr. Phil said you have to look on the inside, that was a huge eye opener for me," she says. "I definitely learned that things you buy are not going to bring happiness."

Dr. Phil asks Jessica, "Is this something that has been hard for you or has the lightbulb come on so bright that it's not hard to not go back to the way you were?"

"Seeing myself on TV that way was a lightbulb, it was like, 'You have got to stop, you're being ridiculous.'"

"So you've done that and how does that feel?" Dr. Phil asks.

"I'm happier now, our marriage is stronger, we can communicate better," Jessica says.

After they were on the show the first time, Nate and Jessica found out that Nate was offered a new position in his company with a higher salary.

Dr. Phil asks financial expert Elizabeth Warren what she thinks the couple should do with their extra income.

"The best thing now is to take that moving forward money and use half of it and pay off debt and take the other half and put it in savings," she tells the couple. "Until you guys have six months of mortgage payments in the bank, you're not safe. Then you start thinking about putting money away for your son's college and about creating a brighter future for yourselves."