White House in­spi­ra­tion

Selwyn and Ashburton Outlook - - MOTORING - ROB STOCK

term a ‘‘Bug­ger Off’’ ac­count (she has a dif­fer­ent term), which is enough money in case you need to leave a part­ner, a ter­ri­ble job, or a scummy land­lord in a hurry.

A very dif­fer­ent life-fright led to her sec­ond great money tip, which is about keep­ing your credit score de­cent.

When she worked for Kerry, she got ‘‘her own’’ credit card to man­age the se­na­tor’s carter flight book­ings.

At one point, cam­paign bank ac­count state­ments were re­leased pub­licly to prove the Kerry pres­i­den­tial cam­paign was ‘‘fi­nan­cially vi­able’’.

This was achieved by hold­ing back on pay­ing the char­ter bill.

The card was in Mas­tromonaco’s name.

‘‘For more than 60 days, I had an out­stand­ing bal­ance of about $500,000,’’ she says.

She only re­alised what hap­pened when she needed to buy a car, and found no­body would lend to her.

The les­son, she says, is that your credit score mat­ters, and mon­i­tor­ing it is your job.

It’s Money Week here, and we’re be­ing treated to a lot of ad­vice on how to be more pru­dent in our money lives.

It’s all wel­come, but noth­ing I have seen, read, or heard, have I found as funny, and real, as Mas­tromonaco’s.

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