Tori Spelling and Dean McDermott Address Rumors That They're Broke

By Lily Harrison
|  Saturday, Oct 26, 2013  |  Updated 8:38 AM EDT
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Tori Spelling and her husband, Dean McDermott.

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Tori Spelling may be from the glitzy 90210 zip code, but these days she's dealing with some financial setbacks.

The 40-year-old actress originally revealed her money troubles to People, explaining that she and husband Dean McDermott have been tightening their wallets recently.

"[We're] in the entertainment business, and things change 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 currently doesn't have a steady job."

Spelling added, "I haven't bought a purse in three years and it's fine. I look back at the girl who shopped at Gucci in my twenties and I can't even relate. I can't believe I thought that was important."

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The magazine also reported that Spelling's hubby did not undergo a vasectomy after their business manager advised them that they simply couldn't afford the operation.

McDermott later cleared the air, dispelling rumors that the couple was completely broke to Us Weekly.

"Right now things are going well. I have several exciting projects in the works," he explained. "Could we afford a vasectomy? Probably. Was it a tougher time for us financially? Yeah, for sure. That's just the truth of it--it's the nature of this business."

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The 46-year-old added, "Sometimes things are awesome, sometimes they're just not. But it's about how we tackle things as a couple, as a family. And we do a pretty good job of that."

And it seems like things are looking up for the family of six.

The former "Beverly Hills 90210" star released a new memoir, "Spelling It Like It Is," this week. Meanwhile, McDermott has landed a hosting gig for "Chopped Canada" and will have his very first cookbook hit shelves sometime in the coming months.

Tune-in to the E! Entertainment Special: "Tori Spelling" on Monday, Oct. 28 at 10/9c!

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