Wednesday, July 23, 2014
Inquirer Daily News

Michelle Singletary

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Michelle Singletary is a nationally syndicated columnist for The Washington Post, where she writes the award-winning column, "The Color of Money." In her spare time, Singletary is the director of “Prosperity Partners Ministry,” a program she founded at her church in which women and men, who handle their money well, volunteer to mentor others who are having financial challenges.

Michelle Singletary: I was teaching at my church recently about the dangers of debt, when a new college graduate asked me the same question many ask these days. "What can I do about my student loans?" she asked. "How much do you have?" I asked. I flinched when she said about $25,000.
Michelle Singletary: 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.

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