Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Michelle Singletary
Age: 54
Columnist
Financial Planner
Journalist
Writer
Rate
Knock
Higher
Motivated
Progress
Paying
Interest
Gotten
Found
Attack
Ends
Quickly
Even
Debt
Much
Fast

More quotes by Michelle Singletary

Image
Save what you can toward the emergency and life happens fund. But don't worry yourself sick at the slow growth. The point is it's growing even it's just one dollar at at time.
Michelle Singletary
Image
We all fall - even me.
Michelle Singletary
Image
Set up rules for when you will give not lend money. Never lend. My people know that I'll help with college. I'll help if they lose they job thu no fault of their own.
Michelle Singletary
Image
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
Image
You still need to save but being debt-free in retirement is and should be a goal.
Michelle Singletary
Image
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
Image
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
Image
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
Image
You'll feel better when you get all that debt off your back.
Michelle Singletary
Image
If we don't want the companies to cheat on us, we shouldn't be cheating on them.
Michelle Singletary
Image
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
Image
I think you can save and spend to live for however long you live. You just have to be flexible if things don't go as plan.
Michelle Singletary
Image
We know intellectually that money can't buy happiness yet we spend and go into debt as if it does.
Michelle Singletary
Image
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
Image
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
Image
No matter who is in the White House, I just keep doing what my grandmother taught me. Hate debt. Save. The best any of us can do really.
Michelle Singletary
Image
Money may not buy love, but fighting about it will bankrupt your relationship.
Michelle Singletary
Image
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
Image
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
Image
If we aren't careful, our children will come down with 'affluenza,' a disease that causes them to confuse wants and needs. We need to teach our children what my grandmother taught me: Think twice about spending money you don't have on things you don't need to impress people you don't like anyway.
Michelle Singletary