The best financial planner Michelle Singletary ever knew was Big Mama, her grandmother. Big Mama raised Michelle and her four brothers and sisters on a salary that never reached more than $13,000 a year. Yet at her death, Big Mama owned her own home, had paid off a car loan, and had a beautiful collection of Sunday-go-to-meeting church hats and a savings account that supplemented her Social Security check and small pension. Most important, she had taught Michelle 7 Money Mantras for a Richer Life. Those mantras serve as the inspiration for this straight-talking book of practical personal financial advice that really works.
The 7 Money Mantras are:
1. If its on your ass, its not an asset!
2. Is this a need or is it a want?
3. Sweat the small stuff.
4. Cash is better than credit.
5. Keep it simple.
6. Priorities lead to prosperity.
7. Enough is enough.
Michelle Singletary is a syndicated columnist for The Washington Post whose popular personal finance column appears in more than 120 newspapers. Shes also a mother of three children who understands what its like to live on a budget. In a plainspoken, sassy, no-nonsense voice, Michelle provides answers to the financial issues that confront almost every household: how to teach children the value of money; how to address money issues in a relationship or marriage; household saving tips; getting the best loans; and much more.
This book is about saving enough money to have choices, she writes. Its about feeling free to be cheap if you cant afford to buy a ton of gifts at Christmas. Its about eliminating wasteful spend-ing so you can begin to save and invest. Its full of uncommon commonsense lessons and guidance on the way people should use their money.
With humor and down-home financial wisdom, Michelle Singletary offers practical and realistic advice that will help you live well with the money you have.
Michelle Singletary on . . .
Romance and Money
Its okay to say: Honey, I love you and everything, but if you need money, ask your mama.
We are minimizing our financial potential by making minimum credit-card payments.
If you want to save money, keep your car until youre on a first-name basis with the local tow-truck drivers.
Leasing a Car
You, too, can drive a car you cant afford and then have to give it back. Its crazy.
Generosity isnt about how much you spend. Its about how much thought you put into the gift.
I once bought a stick-shift car because it was $1,000 cheaper than the automatic in the same model. There was just one little problem. I couldnt drive a stick-shift. But at least I saved $1,000!
From the Hardcover edition.show more