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On Point with Meghna Chakrabarti

Pod extra: How personal finance columnist Michelle Singletary inspired one family's debt journey

On Point with Meghna Chakrabarti

WBUR

Talk Show, News, Npr, Daily, On Point

4.33.9K Ratings

🗓️ 6 April 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Jennifer and Tyrone Harris had $230,000 of debt. But after four years, they paid down their debt entirely. How did they do it?

Transcript

Click on a timestamp to play from that location

0:00.0

Support for this podcast comes from Geico.

0:02.8

How would you love a chance to save some money on car insurance?

0:06.4

Geico can help.

0:07.6

Switch today and see all the ways you could save with great rates and discounts.

0:12.0

It's easy.

0:12.9

Simply go to geico.com to get a rate quote and get started seeing how much you could save.

0:19.3

This is on point. I'm Megna Tucker-Bardi.

0:21.4

And today on our main show, we talked with the wonderful Michelle Singletary,

0:26.0

nationally syndicated personal finance columnist at the Washington Post.

0:30.4

Her column, The Color of Money, is celebrating its 25th anniversary.

0:34.9

So we talked a lot about what Michelle has learned about Americans and their money over the past quarter century.

0:42.0

And we also talked about her personal finance ministry.

0:46.8

The multi-talented Singletary doesn't just dispense money advice in her column.

0:50.9

She preaches it from the pulpit at first Baptist Church of Glen Arden in Maryland.

1:20.9

But you can.

1:26.4

Because here's my grandma that told me that when you get a car,

1:29.1

or you want to get one, then after you get that, when you pay that one off,

1:32.4

you take the payments that you weren't paying on that, you pay it to yourself.

1:35.6

So then when you need a car, another 10 or 12 years or 15 years,

1:38.9

this is how long my husband I keep a car, then you'll have the money for a car, ain't man?

1:44.2

But you know, a woman can preach, but does the congregation listen?

1:48.6

Well, Jennifer and Tyrone Harris are also members of Michelle's Church.

...

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