Board of Directors
Tom David Efird ' 61, Gastorua ... . ..... . . . . . Chair
]emAlmmd Kircbin 70, Scotland Nttk . .1mnrlP.s:a..ir
Dwight M. Davidson III 77, Grrensboro ... Chair-Elect
Eleanor Saunden Morris ' 55, 0rapeI Hill ... 1" Vice Chair
Randy Kane Jones ' 79, a.uIa VISta, Calif . 2'" Vice Chair
Anthony Eden Rand ' 61, FayetteviUe . .. .. . . Treasurer
William P. Aycock II ' 65, Grt.etttboro . .. . ... •Counsel
Douglas S. Dib~ 70, Chapel HiD .. . . ... .President
Tar Heelletwart CIIairman
Thomas W. Lambeth ' 57 . . . . . . . . . . WlI1StOn-Salem
APPOINTED AT LARGE
William G. Daughlridge Jr. 75 (2007) . .. Rocky Mount
KraigJ. Holt ' 82 (2007) . . . . . . . . . . . . . . . . Charlotte
Rebecca Smith Galli 'SO (2008) .. . .. . .Phoerrix, Md
Fletcher L. Hartsell Jr. 72 (2008) . .. .. .. .. .Concord
Sylvester T2flor 79 (2009) .. .. .. .. .. ... Greensboro
w. Allen Cobb Jr. 74 (2009) . . . .. Wrightsville Beach
ELECTED TO REPRESENT N.C. DlsmlCTS
1. D.]ordan Whichard III 79 (2007) . . . . . Greenville
2. Philip A. Baddour Jr. ' 64 (2007) . . . . . . . Goldsboro
3.Joseph M.]enkins ' 70 (2008) .. . .. . . .. Fayetteville
4. Donald W. Curtis ' 63 (2009) . . . . . . . . . . . Raleigh
5. Thomas E. TerrelIJr. 79 (2009) ... .. . .. HighFbint
6.K.aren Lynn Parker ' 65 (2008) . . . . WInSton-Salem
7. WdliamJ. LeachJr. ' 67 (2008) .... . .. . .stateSVille
8. Rosa Thompson McMee 75 (2007) . .. .Charlotte
9. Walter H. Dalton 71 (2007) . .. . .. RutherfOrdton
10.Ann'f. Young' 72(2006) . . ....... . . . JUheville
ElECTED TO REPRESENT OUT-OF-STATE ALUMNI
Joseph M. Jenrette III 7 3 (2007) . . . . . Charleston, S.c .
L.Joseph Lovdand Jr. 7 3 (2007) . . . . . . . . . . . .Atlanta
Linda RobertsonVtgiucci ' 83 (2007) .Coral Gables, Fla.
James E. Delany ' 70 (2008) . .. .. .. ... Park Ridge, m.
Vuginia CommanderKnoo 72 (2008) . .Mill Ncck,N. Y.
David B. L. Rayle ' 78 (2008) . .. .. . D.C.
E . Wamer Bass ' 63 (2009) . . . . . . . . . Nashville, Tenn.
Thomas N. Ole wning ' 67 (2009) . . ..... .Ridmxmd,\a
Suzanne Lowe Weerts ' 88 (2009) .. .. Nashville, Tenn.
EX OffiCIO, REPR£SENTING THE STUDENT BODY
.James Allred ..... ... .... . .Ptesident, Student Body
Joseph Schwart% . •. •.. ... .Editor, The Dai1y Tar Heel
Meg Petersen .... ... .. .... .President, Senior Class
Katherine Butler . . . ... Pres., Order ofthe Ben Tower
EX offiC10, REPRESENTING THE FACULTY
Jacquelyn D. Hall (2007) .... .. . ... .. . .ChapeI Hill
PRESIDENTS OF SCHOOL ALUMNI ASSOCIAnONS (EX OffiCIO)
Sue Edw.m:k ' 85 (MRF?,c:.ily&Reg'.l Han. Spring,Md.
Richard R. Pence 71 (DDS), Dentistry . ... Lincolnton
DavidAugustus Martin 73, Education .... . .Raleigh
Arrtt Beth Gresko '03, Infurmation & Library Science. .. Cary
Beth McNichol ' 95, Journalism ... . . . . . . . Durham
Donna Rhea Rascoe ' 93, Law ..•......... Raleigh
Theodore C. Kernerj I: ' 85 (MD),Medicine . WIII5IDIl-SaIem
Bobbie Jo Lee ' 93 ( 97 MSN), Nursing ........ Cary
Alan Wicker Knight ' 81, Pharmacy. .... .. ...Raleigh
Larry Michael Davis ' 85, Public Admin. . . . .Greensboro
ShdIey Golden ' 99 (MPH), Public Heakh . . . . . . Canboro
Gregory E. Perlcins e03 MSW), SociaI W>tk .. .~
ALUMNI ON THE ATHLETIC COUNCIL (ElECTED AT LARGE)
Eric Scott Moot:r06S ' 94, (2009) . . .. . .. . Chapel Hill
Richard Franklin Taylor' 50 (2008) ..... Lumberton
Kenneth W. Huff75 (2007) . .. . .. . .... ... Durham
You Owe It to Yourself your career,
Money can't buy you love, but it can buy you options (and I don't mean
the stock-market variety). Whether you
want to start, change or advance your
career, a strong financial foundation is your
ticket to ride. Having money in the barlie
will give you the freedom to do what is
right for you rather than be forced to settle
for any job, at any pay,just to survive.
The first step to financial freedom is to
take stock of your finances. You must know
how much money is coming in and how
much is going out. Many people prefer to
live in denial rather than face their situa-
tion. But you can't begin to solve your
money problems until you know exactly
what you are dealing with.
List your income - salary, bonuses,
interest and dividends, etc. Then list all your
debts - mortgage, loans, car payment and
credit cards. For each debt, include the
lender, the amount owed, minimum month-
ly payment and the rate ofinterest. You will
be able to see exactly what you owe and
what your debt is costing you. With a clear
understanding ofyour income and expen
ses, you can create a plan to payoff your
debt, starting with your credit cards.
While it is smart to have at least one
credit card for emergencies, understand that
credit-card debt is the most expensive form.
of credit - it carries high interest rates
that compound every month, not to mention additional penalties and fees ifyou
miss a payment. Many people are surprised
to learn that they are paying 25 percent or
more in interest on their credit cards.
Most American families carry about
$8,000 of credit-card debt per household.
They use their credit cards to buy what
they want, when they want it. When you
use your credit card for impulse purchases,
you do so at the expense ofyour future.
You are then using today's earnings to pay
for things that you bought last month that
you might already have forgotten about.
If you aren't able to payoffyour credit
cards each month, pay the card with the
highest interest rate and always pay on time.
Also, ifyou don't pay more than the minimum you will stay a slave to your credit
card even if you never make another pur-
chase. For example, paying the minimum
due on an $8,000
balance at 18 per-
would take more
than 54 years to
clear the balance.
If you transfer your balances to a zero-
interest card, do so carefully. Make sure you
don't use that card until the transferred bal-
ance is paid off. For example, ifyou transfer
a 5,000 balance and then use the card for
$1,000 in new purchases, the $1,000 could
be charged at the standard, much higher
rate. Even if you then pay $1 ,000 toward
the card, that will be applied to the amount
at the lowest interest rate. So you will then
be stuck paying 18 percent on the $1,000
until the original 5,000 is paid off Also, if
you make a late payment or ifyour credit
rating changes, you will lose the promo-
tional interest rate and the entire balance
will be bumped up to a higher interest rate.
Free up money to pay your debt by
eliminating all nonessential expenses such
as eating out, daily lattes, movie channels,
manicures and magazines. If you save $10 a
day, you'll save $3,600 in one year. Use this
found money to tackle your credit-card
debt. You will be able to payoff that $8,000
debt in about three years.
You also might need to increase your
income. What can you do? Work overtime,
get a second job or sell some of your assets.
You might have to sell your high-mainte-
nance SUV for a more economical car.
While you are paying down your credit-
card balances, stop using your credit card.
Ask your bank to reduce the interest rate
you are paying on your credit card. If your
bank refuses, find another bank.
You can change the way you deal with
your finances. When you have paid down
your credit-card debt, you will be ready to
save and invest your money so that you will
have a greater sense of control over your
money, your career and your life. •
Unda Conklin is the GAA'smanager of Alumni Career
Services. She provides career coaching and monthly
teleclasses on topics such as salary negotiation and
interviewing skills. Contact her at email@example.com
or (919) 962-3749. Her advice and other career-relat-
ed information is available at alumni.unc.edu/ career.
J ul y/ Au g us t 2006