The former Beverly Hills, 90210 star stopped by PEOPLE Now to clear up reports of financial trouble after credit card company American Express sued her in January for failing to pay her outstanding balance of $37,981.97 since last summer.
Spelling, 42, says the rumors started after she wrote her 2013 book, Spelling It Like It Is.
"It was one chapter. I thought I was being relatable, talking about how celebrities go through financial struggles, too, we make mistakes, too," she explains. "We're not perfect, we have made a lot of choices financially with real estate that didn't work out ... and that just escalated into this story about financial struggles, bankruptcy. To this day that haunts me!"
VIDEO: Tori Spelling Sued by American Express for Credit Card Debt of Almost $38K
"It's like the plastic surgery story that came out about me when I was 16 when I'd had my nose done as a teenager," she adds. "That still haunts me to this day when I've had nothing else done – well, except my boobs."
As for the lawsuit?
"I just want that story to go away!" she says. "We're doing a great new series, I'm really happy, we're doing a new show on Cooking Channel – we're not bankrupt, we're not struggling, we're fine!"
"[The] kids [are] good, family's good, I'm healthy, finances [are] good," she continues.
Spelling also says she and husband Dean McDermott make it a point to talk to their four kids about money, something she herself didn't experience as a privileged child.
"My husband and I work really hard. I mean, I'm constantly out there working," she says. "It's so important for my children to see that both their parents are working, and we talk to them about it. My kids are like, 'It's not fair, why aren't you home more?' And I explain [things] to them and we talk about money."
VIDEO: Tori Spelling Reveals How She Started over with Dean McDermott After Cheating Scandal
"Growing up in my family we didn't talk about money a lot," says Spelling, daughter of the late Aaron Spelling, a successful TV mogul whose estate was estimated at a reported $500 million when he died in 2006. (Spelling said last year she received just $800,000 of that amount.)
"I don't blame anyone, but that probably set me up for not knowing too much about how to handle money a little bit, and I don't want the same thing to happen with my children, so we're open about stuff," Spelling says.
Spelling also discusses her new digs: a $7,500 per month, 3,900 square-foot rental home in Encino, where the family moved in February from their previous rental home in Calabasas, California.
"There is no real myth behind it," she says. "The owner wanted to sell the house, so we simply moved to a new house!"
"We're trying to figure out the area. ... The kids are in different schools right now: preschool, elementary school, they're moving, so we're trying to find the perfect area," she adds. "I mean, it's just a rental, so don't be surprised if we move again, guys!"
Spelling will appear on this season of David Tutera's CELEBrations, premiering Friday at 9 p.m. ET on WEtv, and in Tori and Dean's Spring Picnic, premiering March 20 on the Cooking Channel.