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

(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.

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)
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