Consumerist
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shopping
Fake Lottery Winner Enrages Burlington Coat Factory Shoppers
Earlier this week, a lottery winner pulled up her stretch Hummer in front of a Burlington Coat Factory store near Columbus, Ohio. In an Oprah-esque share of largesse, she promised to buy every shopper in the store $500 worth of merchandise. But she turned out to be no fairy godmother. She wasn't even a real lottery winner. When customers discovered the lie, they took their frustration out on the store, trashing it. More » -
at least it goes to schools
Support Your Poor, Needy Local NFL Team By Playing Lottery
A common rationalization for lottery players who throw away their cash on get-rich-quick dreams is "it's OK if I lose, because at least the money is going to schools." More » -
money-wasting advice
Reasons To Enter That Office Lottery Pool
Lotteries are bad news — regressive tax systems that nickel-and-dime the poor to raise money for public necessities such as school by dangling the false hope of riches before the unwashed masses. More » -
mo' money mo' problems
Be Careful How You Spend Those Lotto Winnings
It's a problem most lottery players would like to have but will never face — what to do with that jackpot? More » -
Zero odds lottery
Some States Continue To Sell Lottery Tickets Long After The Top Prize Has Already Been Awarded
Would you buy that "Million dollar" lottery ticket if you knew that someone had already claimed the million bucks? No? Well, if you buy lottery tickets in Virginia you may have been doing just that, according to a new lawsuit. More » -
bad decisions
1 in 3 Lottery Winners Broke Within 5 Years
The sad news is that 1 in 3 lottery winners are in serious financial trouble or even bankrupt within 5 years. Why? The suddenly wealthy often never learn to manage their money. More » -
investing
What Should You Do If You Win The Lottery?
If you win the lottery should you take the lump sum or the 26 annual installments? You are lying if you say you have not debated this with someone at some point in your life. Well, here's the answer from Bankrate:
The lump sum payout is, for most winners, the best choice. You know the tax consequences, you know the lump sum payout and you often have the opportunity to invest the proceeds to earn more than you could with the guaranteed return from the annuity payments.
Good to know. Now we just have to concentrate on the numbers... the numbers...
What lottery winners should do [Bankrate]
You won the lottery! Now what? [Bankrate]
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lotto
Millions in Lottery Winnings Go Unclaimed
The New York Times has an article today about the millions, and we do mean millions of lottery winnings that go unclaimed. In fact, if you won the Connecticut Classic Lotto from Valentine's Day of last year, you're now out of luck. Goodbye, $3.5 million. More » -
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fast food
McDonald's Monopoly Won't Make Anyone A Millionaire
When I was a kid, I always looked forward to McDonald's Monopoly rolling around. It always seemed like a million bucks was just one Boardwalk sticker on the back of my small fries away. Of course, I didn't know the odds, but as McDonald's Monopoly rolls around again, Fast Food News has been kind enough to tell you exactly how unlikely you are to get anything at all. More » -
lottery
The Therapeutic Power of Moderate Lottery Winnings
Whenever anyone says that money can't buy happiness, I immediately assume they secretly gamble and hypocritically buy up stacks of lottery tickets, hoping for that big score. They regularly use lingo like "quick pick" and "trifecta wheel." More »
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