Personal Finance Review – Speeding Ticket Edition

June 7, 2007

I paid a speeding ticket yesterday; set me back $119.50, ouch! Not only did I have to pay all that money, I was delinquent in paying the ticket so the state had revoked my driver’s license. Now I have to mail in documents proving I paid and request they renew my license, which will cost another $25. Until that is settled I’m driving the speed limit and coming to a complete stop at all stop signs! Here are some money articles of note so far this week.

-Lazy Man gives us another alterative income update, it’s nice to see that it is possible to make money somewhere other than at work!

-Mighty Bargain Hunter talks about renting out your creditworthiness. Sounds crazy to me, you might make a little money but it could cost you a lot in the long run.

-Money, Matter, & More reflects on how the overdraft line of credit from ING Electric Orange is really borrowing power, even though it’s portrayed as spending power.

-Blueprint for Financial Prosperity reminds us of one of the benefits of index funds, they help you enjoy life!

-Sun announces no minimum balance and no fee trades with a Zecco trading account. With no fees to pay, I just might sign up.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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4 Responses to Personal Finance Review – Speeding Ticket Edition

  • MoneyNing

    As with anything, you might want to follow up with the status to make sure nothing falls through the cracks. Often, people are waiting for some document but never tells anyone that they need them because there is no incentive for them to finish the tasks.

  • Ben

    Thanks for the warning Blaine & MoneyNing, I’ll be careful. Hopefully, I’ll have this license thing wrapped up pretty soon.

  • MoneyNing

    I agree with above. Be careful with driving a revoked license since it’s big trouble if you get caught.

    Good luck!

  • Blaine Moore (First Time Home Owner)

    Alternatively, rather than driving with a revoked license, you could find an alternative means of transportation until you have settled the issue with the courts.

    Over the past couple of years here in Maine, there have been multiple traffic fatalities where the person at fault (who in most cases lives) was driving w/o or on a suspended license.

    They regularly have random traffic stops where they are trying to find people driving on suspended licenses, whether the person is aware of it or not.