Tori Spelling's Experience with an $80K Debt and Estate Sale for 50 Storage Units

Tori Spelling's Experience with an $80K Debt and Estate Sale for 50 Storage Units

Tori Spelling reflects on her experience of having to organize an estate sale to settle an $80,000 debt owed to a storage unit company for 50 past units.

Tori Spelling Had an Estate Sale After $80K Debt From Past Storage Unit

Tori Spelling Had an Estate Sale After $80K Debt From Past Storage Unit

Rodin Eckenroth/FilmMagic

Tori Spelling has had a lot of experience with storage units and unpaid bills. During the latest episode of the "Misspelling" podcast on Tuesday, April 16, the 50-year-old actress revealed that she had to have an estate sale in 2006 because she was probably broke again.

Spelling explained that the storage space she had was extremely expensive, with 50 units in total. She mentioned that not being able to pay the bill of $80,000 was a one-time situation and not a recurring issue. Small payments were made, but the amount kept adding up until it became unmanageable.

As a result of not being able to pay, all the items in the storage units were auctioned off. Despite this, Spelling mentioned that the company was understanding and kind enough to return some of the belongings from the units.

"They sent me back my personal memorabilia and childhood items that belonged to me and my dad," she said. "I received them and immediately stored them in a new storage unit, which unfortunately I am now unable to afford. Not cool."

Spelling mentioned that it could be "time for another estate sale," especially considering her current storage unit problems.

During last week's podcast episode, Spelling shared how she opened two storage units holding her belongings. She mentioned that a friend helped by paying nearly $1,000 to unlock the units because she couldn't afford it herself.

Spelling expressed the sentimental value of the items in the storage units, including memories of her children and her 18-year marriage. She explained that everything had to be stored a year ago when they had to leave their house due to mold issues.

Despite the importance of the items, Spelling admitted that she didn't have the funds to cover the costs of the storage units.

The actress took a chance on which storage units might contain the items she needed. To her dismay, she found belongings belonging to her estranged husband, Dean McDermott.

She expressed, "We had no idea what was in any of them. Oh no, guys. I don't think any of this is what I'm looking for. It's all Dean's belongings."

"I am feeling really upset at the moment. All I wanted was to collect my memorabilia and my children's belongings, but this is not what we were expecting. $971 for useless things. Oh my goodness. This feels like a total rip-off. What a frustrating situation."

She mentioned that McDermott, from whom she recently filed for divorce after 18 years of marriage, had advised her to clean out the storage units.

"It felt like a piece of me was missing when I tried to get rid of everything. It was like erasing a part of myself, so I couldn't do it," she said. "But now, I'm prepared to let go of many things. I have to, since I can't afford to keep them. Ever since Dean and I broke up, my life has changed so much that it feels like a brand new beginning."

Editor's P/S:

Tori Spelling's ongoing financial struggles, as evidenced by her recent estate sale and difficulties paying storage unit bills, are a sobering reminder of the challenges celebrities face in managing their wealth. Despite her previous success, Spelling's inability to keep up with expenses highlights the importance of financial literacy and responsible spending. Her situation serves as a cautionary tale for individuals, regardless of their income level, to prioritize budgeting, debt management, and long-term planning.

Furthermore, Spelling's emotional attachment to her belongings, particularly those related to her children and former marriage, is a relatable aspect of her experience. The sentimental value of possessions often makes it difficult to part with them, even when financially necessary. However, Spelling's willingness to let go of some items to alleviate her financial burden demonstrates the need to prioritize financial well-being over material possessions. Her story encourages individuals to reassess their spending habits and consider which items truly hold significant value in their lives.