This past Wednesday we hosted Washington Post financial columnist Michelle Singletary for Bless the Mic. I was excited to finally get her to campus, and she did not disappoint.
Effectively using powerpoint, video, and humor, she discussed the 5 steps to financial freedom, which link to her new book.
She reminded all of us that we should have 3-6 months of expenses saved, as well as a life happens fund (car repairs, home repairs, etc.).
She reminded us not to buy stuff we can't afford. She told us to imagine paying for that $3,000 flat screen in cash with $100 bills, knowing that somewhere along the way we would ask ourselves what we were doing.
She had lots of good ideas. Don't use more than 30% of your credit card limit. When you use plastic (including debit card) you spend 30-40% more. With so much practical information, and a down to earth presentation style, she takes the honors for best Bless the Mic speaker!
The Prez