Tori Spelling: We're in 'Financial Ruin'
But her overspending is not her fault, she insists in new memoir
By Evann Gastaldo, Newser Staff
Posted Oct 25, 2013 10:29 AM CDT
Tori Spelling and her husband, Dean McDermott, pose with their children, Liam and Stella at the party celebrating the release of Spelling's new book in Beverly Hills, Calif. on Monday, April 13, 2009.   (AP Photo/Matt Sayles)

(Newser) – Let's just say Tori Spelling is not doing quite as well as her late, super-rich dad. In a new book, she reveals she and her family are in "financial ruin," Radar reports. Tori writes that it all started when they sold their home in Encino, at a loss, to move to Malibu last year. Then, less than a year later, she decided to put the new home on the market ... and racked up a $200,000 loss. Then came the third home, a pricey 9,000-square-footer they rented. When she was hospitalized during her fourth pregnancy and her reality show was canceled, things got really bad. The family was in "serious debt," and had also taken money from Tori's mom, Candy, to rent yet another house closer to the hospital, Spelling writes.

Yet through it all, she kept spending beyond her means. Now here's the part where you weep for her: "It’s not my fault I’m an uptown girl stuck in a midtown life. I was raised in opulence. My standards are ridiculously high. We can’t afford that lifestyle, but when you grow up silver spoon it’s hard to go plastic," she writes. "It’s no mystery why I have money problems. I grew up rich beyond anyone’s wildest dreams. I never knew anything else. Even when I try to embrace a simpler lifestyle, I can’t seem to let go of my expensive tastes." Click for more on her splurging.

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Oct 28, 2013 1:43 AM CDT
OK, OK, but a celeb gossip forum claimed that Tori wasted over $18 million. It's in The Star; If it's true her mom should give Tori $00.00. Her husband has a lot to worry about. He's going to have to finally find a job. Let's see how long the marriage lasts now.
Oct 26, 2013 2:05 PM CDT
For some reason, this woman grates on my nerves way more than any other reality star. I wish she would just shut up and go away. Every time I think she has, there she is in the news again.
Oct 26, 2013 1:27 PM CDT
I feel sorry for poor Tori. Somebody spoiled her & now they can't support that extravagant lifestyle & spent beyond their means & are broke. America, let's hold a telethon to get Tori the funds she needs to pay off her bills & support her extravagant lifestyle in the future, k? ??