Debt, Credit Card & Consolidation Current News Digest

Have you become a millionaire yet? If so, then here’s the next challenge: hold on to the money!

This really broke my heart. I just read a story from Tel Aviv about this unfortunate woman who lost her mattress. She had been sleeping on the same old, ratty mattress for decades, and her daughter felt she would do her mother a favor by trading it in for something nice and new. What her daughter didn’t realize was that the old mattress housed her mother’s life’s savings. Cash padded its interior which amounted to a million dollars. There are apparently still people out there who literally keep their money in their mattress (there are much better places to keep your money safe). Although I scratch my head wondering a few things:

• How do you know when you’ve got a million dollars stuffed in your mattress? It seems hard to account for that much money.
• Can a mattress truly house all those bills?
• Was the exchange rate taken into consideration? $1 million is equivalent to 3.928 million new Israeli shekels. Or do people store their life’s savings in dollars? Maybe.
• When the daughter tossed the bed by the curb, didn’t she notice just how heavy it was? Lugging down a million dollars to the garbage heap just sounds like it would be so…. heavy.

To gain some idea about what exactly was thrown in the dump, let’s visualize a million dollars here:

Could you really drag a mattress with this much money in it anywhere? You can read the details of the story here.

You’ll find more stories about money in this great list of articles from my blogging colleagues:

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• Free Money Finance: The Most Useful Thing Students Can Do to Prepare for the Job Market
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• Million Dollar Journey: The Advantages and Disadvantages of The Prepaid Funeral
• The Sun’s Financial Diary: 20 Years Ago
• My Dollar Plan: 10 Financial Tips For New Grads
• Frugal Dad: Frugality Is The Second Mother Of Invention
• Money Smart Life: Seven Ways to Save Money on Your Summer Family Trip
• Man Vs Debt: How Your Personality and Past Affect Your Money Habits
• Personal Finance Playbook: Challenge Conventional Wisdom
• Canadian Finance Blog: Debtors Anonymous

Recent Carnivals

• Best of Money Carnival: I would like to thank Debt Free Adventure for hosting this edition of the carnival. I was elated to have made it to #1 with my submission: 55 Best Ways To Save Money: Frugal Ideas From Our Readers! Well, I can only share this honor with all of you who have left me your great tips and money saving ideas when I requested it.
• Carnival of Personal Finance
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One Million Dollars Down The Drain

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