Personal Finance: Celebrity Cash

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Michelle Singletary
Thursday, May 27, 2010; 8:45 AM

I almost feel sorry for Duchess of York Sarah Ferguson. It appears her life is falling down much like the London Bridge in the well-known nursery rhyme and singing game.

The former Weight Watchers spokeswoman was recently caught on camera taking 500,000 pounds, or about $720,000, in exchange for access to Prince Andrew, her ex-husband and Britain's trade ambassador.

Ferguson is no doubt in financial trouble, according to published reports. But Ferguson has earned some good money as a product spokeswoman and children's book author.

The Post's Karla Adams reports that Ferguson, or "Fergie," apologized for her lapse in judgment.

Watch the video and tell me what you think. Is Fergie another in a long line of women trying to cash in on their relationship with a famous man? Would she fit in with the parade of floozies who are getting paid for their connection to Tiger Woods? In fact, let's make that the Color of Money Question of the Week. Send your comments to colorofmoney@washpost.com. In the subject line, put "Celebrity Cash."

Chat Today

Join me and my guest Ellen Gordon Reeves, author of "Can I Wear My Nose Ring to the Interview? A Crash Course in Finding, Landing, and Keeping Your Real First Job," at noon ET for a live chat.

Let's make this chat fun. If you have any interview horror stories, come online and share. If you've been on the other end of a bad interview -- as the person looking for a job -- dish about what you've experienced. And for all others looking for advice on job interviewing, Reeves will be taking your questions.

If you are unable to join us, send your question early or read the transcript later.

Minimum Manipulation

Seems like credit card companies are still good at word play, reports Candace Choi in Carry a balance? Banks maybe gaming your payments.

The Credit CARD Act of 2009 was intended to make things a bit fairer when it comes to consumer credit card accounts. Some folks have credit cards in which various balances carry different interest rates. Before the reforms went into effect, banks would apply payments first to balances with the lowest interest rate. This meant that balances with higher interest rates might increase.


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