The pair - who recently reconciled, months after the blonde beauty filed for divorce in July - reaffirmed their commitment to one another in an intimate beachfront ceremony in Carpenteria, California, on Sunday (14.11.10), after claiming their 2009 televised ceremony was carried out for the wrong reasons.
Spencer explained: "It's just me and my bride on a little secret beach with nobody else, and it's just about her. Last time it was about everything else, it was about drama, it was about ratings.
"I hate fame. I love money. Being honest, I love money more than most people, so fame was the easiest way to get a lot of money fast."
The couple's last lavish wedding - which Spencer labelled "a nightmare" - took place in California before being screened around the world on an episode of reality TV show 'The Hills'.
This time, their vow renewal ceremony - which comes just weeks after the duo admitted to faking their separation in a bid to boost Heidi's career - was donated by an "undisclosed source" after the pair recently revealed they are considering filing for bankruptcy after squandering their estimated $10 million Fortune.
However, Heidi believes they deserve a "second chance" at marriage out of the limelight.
She told US TV show 'Entertainment Tonight': "We had just gone through so much crazy stuff personally and through our jobs and everything, so for me this feels like our first real marriage.
"Like our first restart. We deserve a second chance at our marriage and really having this moment and not being robbed of this."
Heidi and Spencer originally tied the knot in November 2008, when they eloped to Las Vegas.
Five months later, they married again on their TV show.