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You shouldn't invest the money if you are looking to use it within five years. Too much risk.

Michelle Singletary

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Michelle Singletary
Age: 55
Columnist
Financial Planner
Journalist
Writer
Much
Invest
Years
Shouldn
Risk
Within
Looking
Five
Use
Money

More quotes by 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 are some dark days when I do receive some racist mail or emails. But overall the response to me has been very positive. Readers relate to me not just as an African-American, but as an American trying to make sense of her personal finance, just like them.
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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If you haven't saved, your child may have to work. But do what you can to NEVER take out student or parent loans.
Michelle Singletary
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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
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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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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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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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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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The rich are depressed because they realize their money can't buy them out of their issues.
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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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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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
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It's why this election was HORRIBLE. It was either Hilary is the devil and Trump a saint. Or Trump the devil and Hilary a saint. Can't we all have a decent, civil conversation without throwing shade?
Michelle Singletary
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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
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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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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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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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We have to protect ourselves by doing our own homework.
Michelle Singletary