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 Â7 Money Mantras for a Richer Life.Â 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 itÂs on your ass, itÂs 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. SheÂs also a mother of three children who understands what itÂs 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.
ÂThis book is about saving enough money to have choices,Â she writes. ÂItÂs about feeling free to be cheap if you canÂt afford to buy a ton of gifts at Christmas. ItÂs about eliminating wasteful spend-ing so you can begin to save and invest. ItÂs full of uncommon commonsense lessons and guidance on the way people should use their money.Â
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
ÂItÂs okay to say: ÂHoney, I love you and everything, but if you need money, ask your mama.ÂÂ
ÂWe are minimizing our financial potential by making minimum credit-card payments.Â
ÂIf you want to save money, keep your car until youÂre on a first-name basis with the local tow-truck drivers.Â
Leasing a Car
ÂYou, too, can drive a car you canÂt afford and then have to give it back. ItÂs crazy.Â
ÂGenerosity isnÂt about how much you spend. ItÂs about how much thought you put into the gift.Â
ÂI 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 couldnÂt drive a stick-shift. But at least I saved $1,000!Â
From the Hardcover edition.show more