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I use my financial values to set my limitations. I have three children I want to put through college debt free. So that means I can't spend wildly or with disregard.

Michelle Singletary

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Michelle Singletary
Age: 54
Columnist
Financial Planner
Journalist
Writer
Mean
Spend
College
Values
Wildly
Free
Disregard
Use
Limitations
Means
Limitation
Three
Debt
Children
Financial

More quotes by Michelle Singletary

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Priorities lead to prosperity.
Michelle Singletary
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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.
Michelle Singletary
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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.
Michelle Singletary
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My rule is when in doubt hire a professional. You could do it just this year and then you have direction to resume doing it yourself after the consultation. What you don't want is to do it wrong and be hit by a huge tax bill. Remember the old saying, Don't be pennywise and pound foolish.
Michelle Singletary
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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.
Michelle Singletary
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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.
Michelle Singletary
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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.
Michelle Singletary
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I'm keenly aware of how important it is to set a good example. You may not think that your kids are paying attention to you, especially with something like money, but they probably are.
Michelle Singletary
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If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.
Michelle Singletary
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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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There are other ways to motivate students than requiring them to take on debt or work long hours taking away from their studies. For example, we don't allow our kids to work during the school hours their freshman year. After that, they can work a little but not so much that it hurts their education.
Michelle Singletary
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Having fun time is a good use of your money.
Michelle Singletary
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Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.
Michelle Singletary
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My writing is definitely influenced by and speaks to African-Americans because that is who I am. I'm black. I'm a black woman. I'm a black mother, wife, churchgoer, etc. I am the legacy of slavery.
Michelle Singletary
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I write for people who are good money managers and want to know how to be even better stewards over their money.
Michelle Singletary
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Money may not buy love, but fighting about it will bankrupt your relationship.
Michelle Singletary
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You still need to save but being debt-free in retirement is and should be a goal.
Michelle Singletary
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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.
Michelle Singletary
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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.
Michelle Singletary
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We know intellectually that money can't buy happiness yet we spend and go into debt as if it does.
Michelle Singletary