Based upon a description in a film publication,[3] Katherine Van Riper (Clayton) is an extravagant young society girl who is very much in debt, and her wealthy aunts and uncle refuse to give her any money. Katherine is desperate enough that she is considering marrying the wealthy Montee Buck (Hiers), although she is in love with the westerner Tom Jaffrey (Fillmore), who says he is poor. Finally, Katherine decides to sell the famous Van Riper pearls, pay off her debts, and marry Tom. However, upon examination the jewelry turns out to be paste, with her father having sold the genuine pearls several years earlier before his death. Montee is assured by the aunts that Katherine will marry him and tells this to Tom. Tom is about to leave town when Uncle James (Ricketts) steps in and pays off Katherine's debts, leaving the niece free to marry Tom.

Roma Wycliffe, a high-spirited girl bored with the lavender-and-old-lace atmosphere of her Aunt Henrietta's estate, discovers that her grandmother was a gypsy and decides to become one herself.

When John Harlow loses his sweetheart Jenny Larkin as a result of poverty, he vows never to be broke again and leaves town. He moves to the city, and several years later, after pinching his pennies, he becomes financially successful. One night, while at a dance hall, he runs into Jenny who is now employed as a dance hall hostess. Jenny decides to fleece John and sets him up with Laura, one of her colleagues. Laura is innocent of the scheme, and she and John fall in love. Jenny becomes jealous and attempts to reclaim John by telling him that Laura is having an affair with Richard Crane. John believes her until he discovers that Crane has just married Laura's mother. He proposes to Laura, and she accepts on the condition that he relinquish his spendthrift ways.