Saving and Spending Wisely Are Investments

Quoting her pastor in her Washington Post/Bloomberg column, Michelle Singletary says that most American households have money-management issues. To that end, she recommends that consumers read Clark Howard's Living Large in Lean Times: 250-Plus Ways to Buy Smarter, Spend Smarter, and Save Money.

I've known Howard for some time and have subbed for him on his radio show. I admire his passion for educating consumers, and how he does it without making people feel stupid.

I think every household should have a book such as the one Howard has written. You can read it straight through, but it's more likely you might just pick it up to find the chapter on whatever financial issue you are facing at the moment.

In the first chapter, to jump-start your savings, Howard provides 25 quick tips to save money. To seasoned penny-pinchers, many of the tips in this chapter will seem obvious (raise the deductible on your insurance, switch to a cheap no-contract cellphone provider, buy extra copies of a Sunday newspaper to get more coupons). But there are some tips you may not have heard about.

Read Michelle Singletary's entire column at the Washington Post/Bloomberg.

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