It’s humorous how, if you look hard enough, you can find connections between some of the most mundane things in life. In this case, take the connection between Paris Hilton and your personal finances. The layman might not see one, but since society is wrapped in the frivolous or rather idealistic pursuit of celebrity, it never hurts to compare and contrast.

In this case, The Thinker has a great timeline of events about the Paris Hilton fiasco (not that the timeline will ever be complete). From the news, you’d think that she didn’t open up the letter, had no idea that her license was suspended, and shouldn’t be held responsible for driving illegally.

Great spin by her PR!

In fact, the timeline tells us that she knew about it, and even signed an affidavit. Maybe, it was forged (I wasn’t there). That brings me back to the financial lesson of the day. Keep track of what’s going on in your life and try to follow the rules as best as you can. Sometimes there are minute details that can make all the difference. For instance:

Should you put your money in regular IRA or a Roth IRA? — Could result in hundreds of thousands of dollars in or out of your pocket

Should you roll your money out of your employer sponsored plan? — Fees and more fees. Look into it.

Should you take that deduction on your tax return? — Itemize or standard.

Should you take that bonus this year or next? (we should all have such problems) — Effect on AMT.

Should you spend money on People, Us, or Entertainment Weekly? (great Paris Hiltion news) — Could have put it in the Roth IRA.

Should you drive to work or mass transit? — Follow the theme.

Should you open that letter that requires you to pay your bill? — Paris didn’t.

And look at where she is… Asking Arnold for a pardon.