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Danny Singh talks about early money management skills

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Q&A with financial whiz kid Danny Singh

At 11, he took over the household bills and fell in love with personal finance

By Erica Sandberg

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When Danny Singh, now 20, was still in elementary school, he was managing the household bills, negotiating with lenders and collection agencies and building his mother's credit rating. A real life Alex Keaton, perhaps? Not exactly. Singh's also a philanthropist. Profits from his second book, "Finance 101: The Whiz Kid's Strategies to Fight Foreclosure," published in October 2012, will be donated to the Children's National Medical Center for HIV research. His first book, "Finance 101: The Whiz Kid's Perfect Credit Guide" was published in August 2012. CreditCards.com sat down with Singh to get his take on all things money and credit -- and why he's so angry about for-profit colleges. CreditCards.com: Let's start at the beginning: Did you have a piggy bank when you were very young? Danny Singh: Contrary to what some people think, before I was 11, I used to love spending money on Slurpees at the gas station, candy, junk food and Yu-Gi-Oh! cards. I did not really understand the importance of saving money, what individuals do with money besides purchasing items, and always thought the purpose of earning money was just to spend it. I did...