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.

Latest Stories

Should an Olympic medal earn a tax break?

MY FAMILY AND I have been mesmerized by the Summer Olympics. And to be honest, a few times, as we watched Michael Phelps win another gold medal or Simone Biles defy gravity, we thought, "This athlete is going to get paid!"

Singletary: Sharing a getaway? Then also share your financial ground rules

YOU'RE BACK FROM your summer getaway - but you're steaming that your fun in the sun was more like a blistering lesson in the financial vexations of vacation sharing.

Are you feeling all a loan?

I TOLD you in January that 2016 is my year of change. I've done two things to stay encouraged to stop worrying about my financial security. I picked a theme song (the Disney anthem "Let It Go") and a motivational maxim ("Sweet '16").

Does student-loan default mean marshal law?

IF YOU'VE DEFAULTED on federal student loans, you can breathe more easily. You won't be arrested for simply failing to make payments.

Got too much of a sweet tooth for in-app purchases?

I PUT MYSELF on "Candy Crush Saga" probation. The moment of my self-directed timeout from the video-game app came when I almost - almost - made an in-app purchase to get more gold bars, lollipops, bombs, and jellyfish to help me finally conquer a level that had been vexing me for so long.

The difference between saving and investing

OFTEN WHEN PEOPLE ask me a personal-finance question, they feel embarrassed. They start with, "I know this is a stupid question. but ... "

Planning for a new financial you? You got this

T O INSPIRE YOU to kick off a new financial you for 2016, I want to share two online exchanges I had recently.

What does Black Friday mean to you (in three words)?

YOU ARE GOING to do it. Well, many of you, anyway. Some of you will do it because you believe it will help the economy (or maybe it's just economists who do it for that reason).

Do your family a favor and plan your estate

IT HAS BEEN 18 months since my mother died, and we are finally close to settling her estate. It hasn't been easy. My mother had refused to get a will and so, in addition to dealing with her death, my sister and I had to sort through the financial chaos she left behind.

Anatomy of a debt-relief scam

PEOPLE ARE SO desperate to get out of debt that they will believe anything and anyone promising relief. They often turn to debt-relief companies that promote plans that supposedly can solve their problems. But for many, not only does the relief not come but the steep cost of the plans - sometimes thousands of dollars - can dig them in deeper.