Both money and debt can make you loose your mind.

A banking error either on a student's new Visa Electron card or a fault with the cash machine meant he was about $4 million richer. At first he did know how much he had in his account, it was only when he went back to the ATM to check his balance later that he realised quite how much money he had in hand. He is now $600 in the red after spending part of it on a few luxuries for himself. Too bad he reached his withdrawal limit.

The brother of a millionaire lottery winner hanged himself the day before his family was due to be evicted because he could not bear to ask his sister for another handout. The brother had faced final notices on his mortgage payments twice before and his sister who won over $8 million nine years ago, paid off his arrears.

Labels: Debt, money

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Good luck the one of the longest bachelorhoods in Hollywood. Hopefully this will be it for Scott, who had to hire a life coach because he could not commit, according to an Eonline article. Larry Burkett, noted financial author, says, "Money is either the best or the worst area of communication in our marriages." After years as a financial counselor and working with marriage counselors, I know that money and money fights are the #1 cause of divorce, not to mention the thing we fight about the most.

So if you are married and have money fights, you are normal. But if this is a real problem area for you, there is also an opportunity to improve your relationship and maybe even reach agreement with your spouse. I'm not talking about agreement brought on by surrender, but rather by each person getting a vote, understanding the other's view, and finding common ground.

Let's face it - if we can agree on the checkbook, there would be nothing left to fight about except who gets the remote. But there is so much to fight about and so many opportunities to be misunderstood.

Labels: Celebrity Finances, money, renee sloan, scott baio

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