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The sad thing is many people learn how to manage money after they've made a lot of financial mistakes, some that take decades to fix.
Michelle Singletary
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Michelle Singletary
Age: 55
Columnist
Financial Planner
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Money
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Money may not be able to buy you love, but conflicts about it can certainly bankrupt your relationship.
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When you give people who are being financially responsible money, you are enabling them to continue a bad habit. So you are actually helping by saying, Love you but no.
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Don't let people scare you from a career that may not net you a six figure salary. If you want to be a teacher, teach. But knowing that your salary may only reach a certain level, do all that you can to become the best money manager you can be.
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We have to protect ourselves by doing our own homework.
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Once you finish paying for college you could reduce your life insurance.
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That's is life. You move and change according to things that happen to you and things that you make happen because of poor choices.
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The rich are depressed because they realize their money can't buy them out of their issues.
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There's nothing wrong with having a 9-to-5 job, but figure out a way to have another stream of income.
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If you haven't saved, your child may have to work. But do what you can to NEVER take out student or parent loans.
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I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it.
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A foreclosure does not define you financially.
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Having a separate fund for the things in life that happen, helps keep the emergency fund in tact in case you lose your job or income.
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My husband and I are pretty good at leaving money alone until we need it for what we've saved it for.
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Having fun time is a good use of your money.
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We all fall - even me.
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I've decided to keep working until my last kid is thu college.
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I love teaching people how to handle their money and I've built a brand on that skill.
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The key to making sure your credit stays good is paying the bill on time. If you are paying the balance off even if there is something on the card in recent purchases, you are good.
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If we don't want the companies to cheat on us, we shouldn't be cheating on them.
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The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did.
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