Nellie Rimplegar has to tell her grown children that due to her bungled handling of their finances, the family has been wiped out by the Stock Market crash. Friend and family doctor, Alan Stevens, tells them they'll all need to eliminate their extravagant ways and get jobs. Stevens also rents a room in their house more as a way to be near pretty Elizabeth Rimplegar, than to help their finances. Stevens faces competition from Elizabeth's beau, Ronald, a free-loading writer who remains oblivious to her money woes.