The Color of Money's Michelle Singletary
color of money

Michelle Singletary

Wednesday & Sunday

FTC settlement emphasizes the need to be careful when wiring money

In one of the largest consumer payouts of its type, MoneyGram International Inc. has agreed to fork over $18 million to the Federal Trade Commission to settle charges that it knowingly allowed its operation to be used by con artists to swindle US consumers out of millions of dollars.

Do parents get a say on finances?

I’ll be the first to admit, I’m a hovering parent, especially when it comes to the money my children get and spend.

Don’t get fooled again: freecreditreport.com aims to make you spend money

I’ve been meaning to pull my credit reports. I, like so many others, am concerned about identity theft or uncorrected errors. When I finally got around to checking my reports, I knew to go to www.annualcreditreport.com. I have not been fooled by those clever commercials for freecreditreport.com with the goofy guy playing a guitar complaining about how his life is ...

Translating the language of money for multigenerational Hispanic families

No es facil hablar de dinero. In English this means, it’s not easy to talk about money.

Bill collectors need reining in

People dread getting calls from bill collectors. And it’s not always because they can’t pay. It can be a degrading experience, especially with third-party collectors who are overly aggressive, even threatening.

Choosing federal over private loans can help keep student debt in check

One of my missions in life is to help keep people out of debt. So I take it as good news that private student loans are declining fast. According to a new report from the College Board, the amount of nonfederal education loans in 2008-09 dropped by almost 50 percent from the previous year.

Investors should stay focused, avoid getting swept up by Dow 10,000 excitement

Someone asked me if I was excited when the Dow once again hit the 10,000 mark. Nope. It was October 2008 when we last saw that five-digit number. On Wednesday, the Dow again closed above 10,000. Should we be cheering or remain cautious?

Despite market’s turmoil, contributing to your 401(k) is still worth it

If you are wondering if it’s still worth the worry to invest in a 401(k) or similar workplace retirement plan, stop your hand-wringing.

A tough call: Stick with your credit card after rate hike, or close the account?

Ann has $10,000 in credit card debt. She was paying it off at an interest rate of 7.15 percent. “Then all of a sudden, when I received my September statement the APR had jumped to 14.99 percent,’’ Ann wrote to me. So she called the credit card company.

Monthly newsletter serves as an excellent guide to personal finance matters

It used to be that our personal finances were uncomplicated - a simple bank account, 30-year mortgage, company pension. That was then.