Do poor people really pay extra for different things? Let’s start with the things that poor people are gauged for on a regular basis: Banks, Fees, PayDay Loans, Collections And Court Costs Oh My So the bank works like this- You write a personal check for $20 and they cash the check based on your balance. Now if you write a check with an insufficient balance they charge you $32.00. Some banks give you a week to pay it and if not you get charged another $32. Now a $20 check becomes an $64.00 debt. Then, if your ... Read More »
Author Archives: Ginger
The Cost of Service: Leaving Verizon for AT&T
photo credit: elisfanclub I switched to ATT from Verizon with monthly cost being the motivator because of advanced technology and lower rates with the AT&T Family Plan. For the last 3 years I’ve had the Verizon Palm Treo, but with my recent decision to downgrade our budget, the Treo had to go. I could no longer justify the heft bills. Welcome iPhone and AT&T. Service: Verizon, while I will admit they have the best reception and customer service and would rate them at a 9, ATT follows close behind at an 8. The customer service has been great between Apple ... Read More »
Let me upgrade you!
Lifestyle Upgrade: Making more money brings added expenses you didn’t previously consider. When I moved to the DC metro area in 2003, I barely made enough to pay all of my bills, let alone shop a little or even go to a happy hour every now and again. I lived in a not so great area of town, couldn’t afford a car and my mom bought all of my clothes. 4 years later I own a home in a safer, nicer part of town, drive a car (with insurance!), shop more (ok I’m damn near shopaholic status) and will even ... Read More »
I’m Upside Down and I Can’t Get Up!
I was talking to a friend earlier this morning about her plans to buy a new car. We talked about the pros and cons of buying new vs. used and leasing vs. buying. So as the conversation winds down we realize that the reason she is considering leasing this time around as opposed to buying is because she feels that she has to kick out an extra $3k anyway, so why not lease? $3k if she sells because she is upside down and $3k if she leases and goes over the mileage or incurs other related fees and expenses. She ... Read More »
