I don’t have to tell you that saving money is so important, but I’m going to do it anyway. Because it really is one of the single most important things you can do for yourself. Whether it is an emergency fund or retirement account, having money set aside gives you peace-of-mind about your golden years […]
Does Toni Braxton have any idea how to manage money? I understand filing for bankruptcy once. When you’re young, get a lot of money all at once and start spending like crazy, it’s understandable. It first happened to her in 1998. Then in 2010, she filed again. Does she need to take some money management classes? Get a new accountant? […]
Let’s face it. No one adores paying bills. As a matter of fact, most of us downright hate the mundane and tedious task of physically paying multiple bills. That’s why Tiffany Aliche, akaThe Budgetnista, author of The One Week Budget stopped paying her bills all together. Why do something you hate doing when you can […]
Just when we were starting to accept that pretty people made all the money, we get hit with yet another study. First, we were told that attractive people are paid $230,000 more over a lifetime based solely upon appearance and not experience. If that wasn’t depressing enough, a more recently published study is saying that […]
US Banks take in over $38 billion in overdraft fees, which equate to more than 75% of the fees they charge on consumer deposits period. With the economy so tight these days, do you really have additional money to throw out the window? As I often remind my clients, banks are not charities; they will […]
If you’re one of those people who seem to be taken by surprise every holiday season, then yes, it’s time to start Christmas shopping! I know, I know. Labor Day is still on the tips of our tongues and you haven’t even thought about the kids Halloween costume yet. It may feel too early, but […]
Are you feeling stressed about your inability to spend the way you want to? Are you losing the strength and energy to resist the urge to splurge? According to a poll conducted by the National Foundation for Credit Counseling (NFCC), 66% of Americans are suffering from “frugal fatigue.” In a nutshell, people are sick and […]
Yes, it’s true! You can actually file your federal taxes for free. The real question becomes, however, “Is that always beneficial?” It’s no secret that nowadays folks are scrambling to save a buck wherever possible. Even though many Americans over pay their taxes and expect some level of tax refund, the promise of a few […]
Isn’t it amazing how creditors seem to come out of the woodwork during tax time? Bill collectors who haven’t attempted to contact you in months or possibly years begin to send settlement letters almost as if they sniff a good return coming around. Well, don’t be fooled. Although you definitely want to meet your obligations, […]
Most money experts agree that children should be given an allowance in order to learn financial skills at an early age. I disagree. Children should earn money just like we do. And, most importantly they must be taught what to do with the money once they receive it. I speak on high school and college […]
After last week’s post on financial scams ruining the Black community , I received an overwhelming amount of response. Between the several websites which adopted the post or created their own conversations around it, I read well over 100 comments presumably from other Black people reminding me of scams I left out. People proclaimed I […]
Despite the advancement we’ve endured over the last 50 years, generational poverty and financial illiteracy continue to run rampant in the Black community. We’ve been able to earn substantially more over time and yet fiscally we remain disproportionately behind our counterparts. If financial education tops the list for why a significant gap remains, I believe […]
