Sunday, February 18, 2007

Britney's DIY Haircut & $500 Emergency Funds: My Weird & Frugal News Wrap

Britney Spears puts a new spin on homespun haircuts; retirees face heavy debt load and MSN weighs in on $500 financial cushions. Those are a few of the stories in my random news wrap.

Britney Spears DIY hair cut:

"A tearful Britney Spears defiantly shaved her head at a Los Angeles hair salon after the owner refused to take part in the embattled pop star’s latest extreme makeover, news reports said on Saturday." -- Source: Reuters


Why we should have at least $500 in the bank:
"Most of the talk about financial cushions centers on the importance of an emergency fund, that stash of cash that's supposed to equal three to six months' worth of expenses.
A $500 pad, by contrast, is something that just about everyone can scrape together with enough determination. And it can make a real difference." --By Liz Pulliam Weston




Retirees battle personal debt:
"Across the nation, seniors are becoming the face of the indebted.
In Austin, Ronald and Carol Godwin, 65 and 63, depleted their savings years ago and have since turned to credit cards and home equity to pay medical bills. They're struggling in retirement to pay off loans they took out years ago for a grandchild's college education." -- USA Today




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