Bad news for Tionne “T-Boz” Watkins of one of our favorite girl groups, TLC. According to TMZ, T-Boz filed for bankruptcy after amassing $768,642.99 in debt.

The bulk of the debt is reportedly from the mortgage on her $1.2 million house.  And the singer says she could have avoided bankruptcy all together had her deadbeat ex-husband, rapper Mack-10, paid the $250,000 he owes in back child support.

Although she’s surrounded by excess, apparently, T-Boz isn’t a big spender. According to court documents she takes in $11,700 a month (just $1200 per month in royalties), but has just $8,821 in expenses.

Despite her successes, life hasn’t been all gravy for T-Boz. She has battled Sickle Cell, a painful blood disorder, for her entire life and has had other health challenges, including a brain tumor. And this isn’t the first time she’s had financial woes. Back when she was topping the charts with TLC, the group also filed for bankruptcy, claiming they didn’t receive a fair share of the profits from their multi-platinum album CrazySexyCool.

Seeing stars go through financial woes is just another reminder of why everyone–especially women–needs to take care of our money. Spending beyond our means, not building a savings account, and trying to help everyone else is a recipe for financial disaster.

Ladies…as we think of who to shop for this holiday season, remember to put yourself first. If you can’t afford it, don’t buy it. If they love you, they’ll understand.

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