
Apparently, Carey has a dog named "Dolemite," who was pregnant. Dolemite gave birth unexpectedly while Carey was off in Los Angeles shooting her film, 'Precious,' leading to some of the exorbitant costs. I am not completely sure of this, but I thought that the real Dolemite was a dude? Anyway, I digress, at least for now.
I'm not one to criticize Mariah Carey's decisions when it comes to how she chooses to spend on her pets. Obviously, if she can't afford the bill, then that's an entirely different issue. But what Carey does reflect is the general tendency among both celebrities and regular citizens to believe that any little bill here and there isn't going to make much of a difference in their overall budget. Millions of us add a new cell phone bill here, an extra car note there, comparing the amount of the bill to our entire income.
For example, if you earn a princely sum of, say, $6,000 a month, it's easy to think that another $200 payment isn't going to matter one way or the other. The problem is that one small commitment here and another there can often lead to unforeseen financial leverage that puts us in a tough spot once we hit financial hardship. If you make three arbitrary financial commitments of $200 each, you are giving away $600 per month, or $7,200 per year. Over a 5 year period, that's $35,000 that could have been in your savings account, not including interest. Do you have $35,000 in your savings account right now to help you through a rainy day? I thought so. Perhaps Mariah just forgot to pay the bill.
Perhaps she did not have timely access to liquid cash. Who knows? But for regular people, not paying your bills on time, and racking up huge bills, are two things you can't ever really afford.
More Hot Stories:
+Tiger Woods' Wife Earned $411,000 Per Day During Marriage
+No, Oprah Winfrey's Contest Didn't Cheat for the Black Woman
+Katherine Jackson May Get Financial Backlash from Judge
+Howard Stern Attacks Oprah Winfrey, Will Smith and Jada Pinkett Smith
Dr. Boyce Watkins is the founder of the Your Black World Coalition and a Scholarship in Action Resident of the Institute for Black Public Policy. To have Dr. Boyce commentary delivered to your email, please click here. 
Comments: (1)
Add a comment
By: angel on 7/27/2010 12:38PM
how can anybody do this to mariah carey,she the best singer in the world, mariah don't be mad cuz u are mariah carey,everybody knows that you have a lot of money,$30,000 ain't nothing to mariah carey.bye the way i love you mariah,ur my #1 idol....
Reply to this Comment | Report This