With four young children at home, it is little wonder money is tight. And now Tori Spelling has opened up about the financial crisis that has rocked her family and changed their luxury lifestyle. Indeed, it was so bad her husband Dean, 46, was forced to abandon plans to have a vasectomy after being told by their business manager they could not afford it.
Tori, daughter of deceased TV mogul Aaron Spelling, has also made economies telling People: ‘I haven’t bought a purse in three years.
‘And it’s fine. I look back on that girl who shopped at Gucci in my 20s and I can’t even relate.
‘I can’t believe I thought it was important.’
In fact the reality star now blames her frivolity with cash as the reason she is now in a financial hole.
In her new book The High Life: ‘It’s no mystery why I have money problems.
‘I grew up rich beyond anyone’s dreams. I never knew anything else.
‘Even when I try to embrace a simpler lifestule I can’t seem to let go of my expensive tastes.
‘And then there’s my shopping problem. I’ve bought ridiculous amounts of stuff for the kids, clothing, toys, crafts.’
She also confessed she has often been to blame for busting the family budget.
Tori said: ‘We’ve travelled and done crazy things like upgrading hotels at my instigation.
‘I can’t afford to live like this anymore. They say admitting the problem is the first step.
The former Beverly Hills 90210 star’s mother, who inherited her now deceased husband’s fortune, is worth an estimated $600m, but had a bitter falling out with her daughter.
But Tori blames her financial problems on losing a small fortune by selling her 6,700 sq ft Encino mansion at a loss in 2011. Adding to the money worries her shop InvenTORI did not perform as well as expected.
Her finances were hardly helped when she was pregnant with son Finn, in May 2012 and she was forced to spend 55 days of her pregnancy in hospital after being diagnosed with placenta previa.
Another reason they are not as flush as before was the family’s show Tori & Dean: Home Sweet Hollywood was cancelled, though a new HGTV program Tori & Dean: Cabin Fever in the works.
She said: ‘We’re in the entertainment business and things chance year to year.
‘We don’t have a series on the air right now, so we have to be more restrictive of what we can spend, just like anyone who doesn’t currently have a steady job.’
However the Spellings have tightened the purse strings and their children Liam, six, Stella, five, Hattie, two, and 14-month-old Finn are even sharing clothes.
She said: ‘Stella was telling Hattie the other day, “that dress you’re wearing, it was my dress first.”
‘And Hattie’s like, “Yeah!” It made me so happy. I love that they know we hand things down.
“We’re all about repurposing. It’s a really good value to have.’