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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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Michelle Singletary
Age: 54
Columnist
Financial Planner
Journalist
Writer
Helping
Helps
Keep
Income
Happens
Case
Things
Cases
Tact
Life
Lose
Emergency
Loses
Emergencies
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Fund
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More quotes by 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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We all only have a certain amount of money and that means yes, we have to make choices and sometimes those choices mean we don't get what we want.
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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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.
Michelle Singletary
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I love teaching people how to handle their money and I've built a brand on that skill.
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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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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You are rich if you have enough to meet your most basic needs. You are rich if you have access to clean water, food, shelter, love, a roof over your head.You have to count your blessings to see that you are richer than you think.
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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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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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.
Michelle Singletary
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Money may not be able to buy you love, but conflicts about it can certainly bankrupt your relationship.
Michelle Singletary
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Once you finish paying for college you could reduce your life insurance.
Michelle Singletary
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You'll feel better when you get all that debt off your back.
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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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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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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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
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You made a decision given your life circumstances and you have to be ok with that. Regrets that can't be change is just torturing yourself.
Michelle Singletary