Michelle Singletary

No Quick Fix for Those Deep in Debt

By Michelle Singletary, Posted July 17th, 2014

Many people who are deeply in debt are desperate for a quick fix.

They ask the question: What can I do to get out of debt?

But they aren’t willing to accept the answer I give them, which is that it takes time. And discipline. And sacrifice. It takes cutting your expenses or working more, or both.... READ MORE

Michelle Singletary

How To Put The Right Foot On The Corporate Ladder

By Michelle Singletary, Posted July 11th, 2014

Across the country this summer, young adults fresh out of college are starting their careers. Many will find the job isn't just about the work they will be doing.

Anyone with an office job knows there's so much you have to deal with — some of which can hinder a career. Make the wrong... READ MORE

Michelle Singletary

How to Create An Emergency Savings Fund

By Michelle Singletary, Posted July 3rd, 2014

Saving for an emergency is supposed to be the key to establishing a financial safety net. Yet studies continue to show that people aren't putting their money away. The latest evidence comes courtesy of Bankrate.com, which on a monthly basis takes the pulse of how secure people feel about their personal... READ MORE

Michelle Singletary

A Painful Choice For Caregivers

By Michelle Singletary, Posted June 17th, 2014

She just wouldn’t move.

My sisters and I had a meeting with our mother to talk about her living situation. It was hard to care for her when she lived in another state.

After two strokes, she had trouble walking. She needed help with meal preparation and bathing. She got some assistance from friends,... READ MORE

Michelle Singletary

Buying vs. Renting A Tough Call

By Michelle Singletary, Posted June 13th, 2014

Before the housing market crashed during the Great Recession, homeownership was considered a no-brainer.

People were told to buy a home as soon as they could because it was the financial route to the middle-class American dream. Renting was a waste of money, was the conventional wisdom.

Now some people who... READ MORE

Michelle Singletary

One Final CliffsNotes For Recent Grads — On Paying Off Student Loans

By Michelle Singletary, Posted June 6th, 2014

The music has stopped, the cap and gown have been packed away, and now the work begins. But not the work you think.
Now you have to work on getting rid of your student loan debt. So where do you start?

“If you pay your student loan bills every month, and then... READ MORE

Michelle Singletary

Celebrate College Savings Day by Learning About 529 Plans

By Michelle Singletary, Posted May 22nd, 2014

When I see college graduates celebrating their achievement, I can’t stop wondering about all the loans many will be paying off for years to come.

But I’m also relieved that my husband and I set up 529 plans for our children.

This is why I’m celebrating 529 College... READ MORE

Michelle Singletary

Financial Advice for Life After College

By Michelle Singletary, Posted May 16th, 2014

For many college graduates, it’s time for the real financial world.

Are they ready?

If you’re a graduate, are you ready?

In a post for the Motley Fool, Nicole Seghetti provides five pieces of advice to help graduates start off on the right financial foot.

Here’s one of her tips:... READ MORE

Michelle Singletary

How-to Show Your Love Language of Gift Giving

By Michelle Singletary, Posted May 8th, 2014

My 16-year-old son followed me around the store recently, trying to pry out of me what I wanted for Mother’s Day.
“Your love is all I need,” I said. “That and promising to take care of me in my old age.”

He wasn’t amused.

He pressed on. He asked about board... READ MORE

Michelle Singletary

Adult Children and Their Parents Need to Have That ‘Other Talk’

By Michelle Singletary, Posted May 1st, 2014

Although elder care is such an important topic of discussion, many families have trouble talking about it.

During a recent online chat with Tim Prosch, who wrote “The Other Talk: A Guide to Talking With Your Adult Children About the Rest of Your Life,” several... READ MORE