September 23, 2014 8:26 PM • Log InREGISTER
HOT TOPICS:
How Obama and the Democrats Dropped the Ball…Again Stop Burning Cash! What You Need to Know about Co-signing on a Loan When Your Household Finances Fall Apart The Truth About Bankruptcy: Why All Your Debts WON’T Go Away 6 Steps to Take If a Debt Collector Tries to Sue You 5 Situations When It’s OK to Close a Credit Card 4 Circumstances That Qualify You for a Free Credit Report Watch Out for Interest Rate Reduction Scams Rental Payments Will Count Toward Credit History Financial Advice for 2011 College Graduates (Beyond ‘Get a Job!’) Why a Good Credit Score Isn’t Enough 6 Common Lies Debt Collectors Will Tell You How Not to Get Scammed by Movers Business Credit Cards Might Put Your Personal Credit at Risk End of the World Checklist: Do You Have Your Financial House in Order? Pay Your Bills…With a Gift Card Black Blogger Month: The Frugalista, Blogging on a Budget 3 Things to Do if You Can’t Pay a Large Tax Bill How Badly Do You Want Financial Freedom? 5 Steps Towards Homeownership 4/11: 11 Last Minute Tax Tips Beware of Credit Card Interest Rate Reduction Scams How to Avoid Tax Audit Triggers Your Financial Records: What to Save, What to Shred and When Financial Advice You Should Ignore Should Debt Collectors Use Facebook to “Poke” You? How to be ‘dfree’—Breaking Out of Financial Slavery Protect Your Consumer Rights Test Your Financial IQ! 4 Circumstances that Qualify You for a Free Credit Report The Do’s & Don’ts of Paying for College Marriage and Money: Getting on the Same Page Volunteer Your Way Out of Student Debt 50 Power Moves to Improve Your Life How to Navigate Stricter Mortgage Lending Guidelines How to Negotiate the Best Deal on a New Car 4 Tax Law Changes That Will Affect Your Small Business Rental Payments Will Count Toward Credit History Save For a Rainy Day! Surprise! The IRS Counts Forgiven Debt As Taxable ‘Income’ New Study Shows 62 % Drop in Home Mortgage Approvals to Minorities 10 Power Moves to Help You Better Manage Your Money Power Moves: 10 Steps to Build Wealth Now! What to Do If You’re Contacted about an Expired Debt The Statute of Limitations on Debt New Bank Fees? No Problem. You Can Still Get Free Checking WATCH: Rev. Jesse Jackson Speaks about Wall Street Project 4 Things You Might Not Know About Credit How to Survive the Holiday Debt Hangover 4/11: 11 Ways to Get Your Money Right for the New Year 5 Steps to a Richer 2011 Your 2011 Debt Crisis Guide Taking Control Your Get-out-of-Debt Checklist Opinion: Student Loans Should NOT Be Discharged in Bankruptcy Opinion: All Student Loans Should Be Discharged in Bankruptcy Smart Money Moves for Every Stage of Life Is Your Spouse Guilty of Financial Infidelity? Chase Waives Foreign Transaction Fees Credit Reporting Myths Exposed 4 Credit Reporting Myths and Realities 8 Vices That Will Derail Your Budget How to be Frugal AND Fabulous How to Achieve Your Financial Freedom What the FICO? Five Things to Avoid While Fixing Your Credit Help! I’m Desperate to Get Rid of Debt! The 7 Deadly Sins of Money Management Counterpoint: Making the Case Against Money Disorders 6 Financial Deadbeats to Avoid Soledad O’Brien on Why Some Black Families Struggle Financially Do Money Disorders Exist? ‘Black in America’ Shows One Pastor’s Determination to End Debt Could You Have a Money Disorder? What You Should Know Before Settling Credit Card Debt Watch: CNN Tackles Almighty Debt on ‘Black in America’ Four Behaviors That Could Destroy Your Finances Kicking Bad Money Habits Tools to Curb Holiday Spending Lil Wayne’s Young Money to Debut Prepaid Credit Card Economista: 5 Strategies for Getting College Scholarships Love & Money: Managing Debt as a Couple Attacking Student Loan Debt Money Expert Q&A: How to Have Perfect Credit Dealing With Debt: 12 Signs That It’s Time to Get Help What To Do About An Underwater Mortgage Economista: Why Micro-lenders Will Replace Sallie Mae Managing Credit: How to Prove You’re Not Dead Money Expert Q&A: When Stores Cancel Your Line of Credit Dealing With Debt: 5 Reasons You’re Headed for Financial Ruin Managing Credit: Keeping Students Out of Credit Trouble Life After Death Dealing With Debt: What to Do When Creditors Attach Managing Credit: 4 Ways Bad Credit Can Hurt Your Career The Black Enterprise Wealth For Life Principles Using Wealth For Life As A Way of Life Kids & Money: Paying for College and The Myth of Financial Independence Managing Credit: Understanding Your Utilization Ratio Dealing With Debt: More Ways to Finance Your Education POLL: What Would You Do If B.E. Gave You $2,000? Economista: How to Pay for Grad School Managing Credit: 3 Ways Overdraft Fees Will Still Haunt You Why Black Enterprise Gave Away A Quarter Million Dollars What Does Financial Reform Have To Do With Me? Eyes on the Prize 10 Questions to Ask a Debt Settlement Company What You Should Know Before Settling Credit Card Debt Free Ways to Monitor Your Credit Ask Your Advocate: Can I Be Taxed On a Canceled Debt? Investing In Education Get Ready for Changes to Your Debit Card Ask Your Advocate: Charge, Credit, Debit—What’s The Diff? Who Should Have Your Social Security Number? African American Wealth Gap Quadruples Rewriting the Financial Playbook End Your Comfortable Relationship With Debt When Identity Theft Hits Close to Home Financial Challenge Build A Budget For Yourself—And Cousin ‘Pookie’ Growing The Net Worth of Black Women Cutting Edge: Resisting the Credit Temptation Pep Talk: Ready to be Debt-Free Why Financial Planning Ain’t Just For The Rich Food for the Journey Drafting a Financial Plan Cutting Edge: Bank of America Ends Overdraft Fees Green Credit Cards Building Wealth Credit Card Reform Starts Today Get Ready For The New Credit Card Rules Staying on Track A Life Raft for Student Loan Borrowers Credit Inquiries—Hard Pulls vs. Soft Pulls 3 Things to Know About Debt Collectors Help! My Dad Has a Credit Card in My Name 5 Ways to Reduce Debt High Hopes Say Buh-Bye to Your Bank? Hell Hath No Fury Like a Credit Cardholder Scorned The Homebuyer’s Toolkit: How Your Credit Score Adds Up 5 Credit Repair Tips for the Recent Grad Reaching the Next Level Check Yourself Before You Wreck Yourself ARMed And Dangerous? Don’t File For Bankruptcy Making Changes What To Do Today to Prepare For This Year’s Taxes Balancing Act Tax Collectors Mine Social Networks The Tangled Web of Debit Cards Private Lenders Up in Arms Over Student Loan Bill

Money > Credit & Debt Management

Author, Dr. Marc Lamont Hill, host of Our World with Black Enterprise

How Obama and the Democrats Dropped the Ball…Again

Dr. Marc Lamont Hill says America is left with the burden of paying for the embarrassing ineptitude of Obama and the Democrats

With the passing of the debt-ceiling bill, Dr. Marc Lamont Hill says America is left…

By Marc Lamont Hill

Posted: Tags: , , , , , ,
burning money

Stop Burning Cash!

In three real-life situations, experts show how to create a workable budget so you can take control of your money and meet your short- and long-term goals.

Do you smell the odor of burning currency? If you ever find yourself wondering where…

By Bridget McCrea

Posted: Tags: , , , , , ,
co-sign-loan-300x232.jpg

What You Need to Know about Co-signing on a Loan

When friends and family ask you to co-sign on a loan you might think you’re doing them a favor, but you’re actually entering into some risky business.

If you decide to co-sign on a loan for someone, there is a three out…

By LaToya M. Smith

Posted: Tags: , , , , ,
P

When Your Household Finances Fall Apart

You promised to love each other during good times and bad. Here's what to do when bad financial times come sooner than expected

You promised to love each other during good times and bad. But sometimes the bad…

By Sheiresa Ngo

Posted: Tags: , , , , ,
bankruptcy-empty-pockets-071211-300x232.jpg

The Truth About Bankruptcy: Why All Your Debts WON’T Go Away

What you need to know before you file

While it’s true that Chapter 7 bankruptcy can wipe out many consumer debts, such as…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , , , ,
credit-card-debt-management

6 Steps to Take If a Debt Collector Tries to Sue You

Whether its a debt you forgot about or one you simply couldn't pay, knowing your options can help you manage the situation

One minute you’re going about your day, not a care in the world. The next,…

By Sheiresa Ngo

Posted: Tags: , , ,
Subject: Deanna Walker

5 Situations When It’s OK to Close a Credit Card

Sometimes it’s all right to go against the grain

Whenever Macy’s announced a sale on Jones New York suits or high-heeled sandals, Deanna S.…

By Leslie E. Royal

Posted:
credit report

4 Circumstances That Qualify You for a Free Credit Report

Knowing the facts will allow you to get the information you need

If you think the only time you can get free credit reports is when you…

By Sheiresa Ngo

Posted: Tags: , , , ,
credit cards

Watch Out for Interest Rate Reduction Scams

Don't let the promise of a lower interest rate ruin your finances.

If you receive a pre-recorded message promising a lower interest rate on your credit card,…

By Sheiresa Ngo

Posted:
renter2

Rental Payments Will Count Toward Credit History

How paying your rent on-time is a new way to build good credit

If you don’t own a home, have little credit card history, or don’t own a…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
black-graduate-061911-298x235

Financial Advice for 2011 College Graduates (Beyond ‘Get a Job!’)

Strategies to help students do the right thing after getting that diploma

Our Money columnist Lynnette Khalfani-Cox offers tips to help college grads do the right (and…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
Woman-Credit-Card-300x232

Why a Good Credit Score Isn’t Enough

You’ll need more than excellent credit to get the best terms on a loan

If you thought a great credit score was all you needed to get the best…

By Sheiresa Ngo

Posted: Tags: , , ,
WWoman-surrounded-by-bills-debt-053111-300-232

6 Common Lies Debt Collectors Will Tell You

And how to spot them a mile away...plus know the truth about your rights as a consumer

If you’ve ever had to deal with debt collectors, you know that many of them…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
Moving-In-300x232

How Not to Get Scammed by Movers

Moving season is around the corner. Be sure follow these tips to protect yourself from movers who mean you harm

Summer is just around the corner, and moving season will soon be in full swing.…

By Sheiresa Ngo

Posted: Tags: , , , ,
Credit-Card-Statement-300x232

Business Credit Cards Might Put Your Personal Credit at Risk

Business never personal, except when it comes to the company credit card as the CARD Act has left small business owners unprotected

The Pew Charitable Trust’s Safe Credit Cards Project recently released a study showing millions of…

By Sheiresa Ngo

Posted: Tags: , ,
moneysignsuccess

End of the World Checklist: Do You Have Your Financial House in Order?

What will your financial legacy say about you when your world ends?

BlackEnterprise.com’s checklist to prepare to leave behind your financial legacy via estate planning and living…

By Janell Hazelwood

Posted: Tags: , , , , , ,
paying-bills-300x231

Pay Your Bills…With a Gift Card

A new way to pay

If you don’t know what to do with those unused gift cards, not to fear.…

By Sheiresa Ngo

Posted: Tags: , ,
The Frugalista Natalie P. McNeal

Black Blogger Month: The Frugalista, Blogging on a Budget

Being frugal pays off for personal finance blogger and author Natalie P. McNeal

Journalist turned finance blogger Natalie P. McNeal specializes in budgeting while still enjoying life’s luxuries.…

By Souleo

Posted: Tags: , , , , , , , , ,
tax-bills-300x232

3 Things to Do if You Can’t Pay a Large Tax Bill

Ignoring you tax bill won't help. Fortunately, you have options!

Ignoring you tax bill won’t help. Fortunately, you have options!

By Sheiresa Ngo

Posted: Tags: , , , , ,
Broke-&-Fly-300x232

How Badly Do You Want Financial Freedom?

If you talk the talk, but will not walk the walk, I've got news for you: freedom ain't free

Each week, we get e-mails and letters from people who tell us they are determined…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , , , , , , ,
Black-Couple-home-300x232

5 Steps Towards Homeownership

How to get into the house of your dreams without landing yourself in a nightmare of financial trouble

How to get into the house of your dreams without landing yourself in a nightmare…

By Tara-Nicholle Nelson

Posted: Tags: , , , , , , ,
Find Out if You Even Have to File 	Ever wonder if you actually need to file a federal income tax return? Well, you may be onto something. Identifying whether or not you need to file will save both you and the government time and money. People can check the Individuals section of the IRS website or use their Interactive Tax Assistant tool to see if they qualify.

4/11: 11 Last Minute Tax Tips

With only a few days left to file, Black Enterprise gives you the 4-1-1 on filing your taxes

With only a few days left to file, Black Enterprise gives you the 4-1-1 on…

By Janel Martinez

Posted: Tags: , , , , , ,
Fraud-300x232

Beware of Credit Card Interest Rate Reduction Scams

Don’t let the promise of a lower interest rate jeopardize your finances.

Don’t let the promise of a lower interest rate jeopardize your finances.

By Sheiresa Ngo

Posted: Tags: , , , , , , ,
(Image: ThinkStock)

How to Avoid Tax Audit Triggers

Make sure the tax man has no reason to come knocking

Make sure the tax man has no reason to come knocking

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , , ,
Income-Taxes_1

Your Financial Records: What to Save, What to Shred and When

If tax season has you rifling through bank statements and canceled checks, these tips will help you know how and when to purge

If tax time has you rifling through old bank statements, credit card bills, canceled checks,…

By BlackEnterprise.com

Posted: Tags: , , , , ,
Stop throwing your money away on bad advice (Image: Thinkstock)

Financial Advice You Should Ignore

How to steer clear of faulty financial tips that could cost you

How to steer clear of faulty financial tips that could cost you

By Sheiresa Ngo

Posted: Tags: , , , , , , , ,

Should Debt Collectors Use Facebook to “Poke” You?

New measures aim to protect consumers from debt collectors abusing social media

Recently, consumers have reported harassement by debt collectors on Facebook and other social media. In…

By Sheiresa Ngo

Posted: Tags: , ,

How to be ‘dfree’—Breaking Out of Financial Slavery

Author DeForest Soaries, Jr. lays out a program of deliverance from debt, deficits and delinquencies

How many of us actually see ourselves as slaves to our debts and other financial…

By Alfred Edmond, Jr.

Posted: Tags: ,
March 6 to 12 was National Consumer Protection Week, but it's important for you to protect yourself each and every day.  Doing so is key to making sure that your rights as a consumer are not violated and that your safety is preserved. Here are five tips to help you become a more empowered consumer, protect your privacy, manage your finances and detect harmful frauds and scams.

Protect Your Consumer Rights

Preserve your privacy, manage your finances and detect harmful frauds and scams

Preserve your privacy, manage your finances and detect harmful frauds and scams

By Sheiresa Ngo

Posted: Tags: , , , , ,
200444215-001

Test Your Financial IQ!

Take our quiz to determine how financially savvy you are, and to get tips on how to better manage your money

The financial decisions you make can have a lasting impact on your credit and your…

By LaToya M. Smith

Posted:
credit report

4 Circumstances that Qualify You for a Free Credit Report

Knowing the facts will allow you to get the information you need

If you think the only time you can get free credit reports is when you…

By Sheiresa Ngo

Posted: Tags: , , , ,
Pay4College

The Do’s & Don’ts of Paying for College

College financing has changed since you went to school. In light of the dismal job…

By Robin White Goode

Posted: Tags: , , , , , ,
02WFL-WOODLEY2

Marriage and Money: Getting on the Same Page

Lateshia Woodley and Alex Kelly must �balance their contrasting money styles to budget their finances and grow their assets

Lateshia Woodley, 35, and Alex Kelly, 33, of Ellenwood, Georgia, have come a long way.…

By Carolyn M. Brown

Posted: Tags: , , , ,
02WFL-HAMPSHIRE

Volunteer Your Way Out of Student Debt

SponsorChange.org rewards volunteer service with student loan payments

In April 2009, Raymar and Robert Hampshire started SponsorChange.org, a Pittsburgh-based philanthropic organization that helps…

By Glenn Townes

Posted: Tags: , , , ,
02POWERMOVE2

50 Power Moves to Improve Your Life

Sure-fire ways to advance your finances, career, small business and lifestyle

Sure-fire ways to advance your finances, career, small business and lifestyle

By BLACK ENTERPRISE Editors

Posted: Tags: , , , , , , , , , , ,
MonopolyHouses

How to Navigate Stricter Mortgage Lending Guidelines

Six tips to help you prepare for a home purchase

Now is the ideal time to purchase a home. Interest rates are at historic lows…

By Robin White Goode

Posted: Tags: , , , , ,
JaguarXJ

How to Negotiate the Best Deal on a New Car

Arm yourself with the right information and snag a great price

Here’s what you need to know and what you need to do to get the…

By Tamara E. Holmes

Posted: Tags: , ,
Get what you deserve this tax season (Image: Thinkstock)

4 Tax Law Changes That Will Affect Your Small Business

Before filing for your biz this tax season, be sure to look out for these potential money savers

As tax time draws near, it’s imperative that entrepreneurs be aware of the impact of…

By Alan Hughes

Posted: Tags: , , , , , , , , , ,
renter2

Rental Payments Will Count Toward Credit History

How paying your rent on-time is a new way to build good credit

If you don’t own a home, have little credit card history, or don’t own a…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
pig bank

Save For a Rainy Day!

Join the America Saves Week Challenge this week and learn how to stash your cash

February 20 through February 27 is America Saves Week. Take on this week’s challenge to…

By Sheiresa Ngo

Posted: Tags: , , ,
stk127354rke

Surprise! The IRS Counts Forgiven Debt As Taxable ‘Income’

Just because your lender cleared you of a debt doesn't mean Uncle Sam will when filing your tax return

Consumers are receiving so-called 1099-c “cancellation of debt” tax notices, informing them that the IRS…

By John Simons

Posted: Tags: , , , , ,
87697296

New Study Shows 62 % Drop in Home Mortgage Approvals to Minorities

When the housing market collapsed, so did the number of home loans to Blacks and Latinos

Together, African-Americans and Hispanics were able to borrow 62 percent less to buy or refinance…

By Kenneth J. Cooper

Posted: Tags: , , , , ,
According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less than whites of similar incomes over the past decade. As BLACK ENTERPRISE CEO Earl "Butch" Graves, Jr. wrote in a recent Executive Memo: "Make money work for you, not against you. We must reverse this trend by taking a disciplined approach." For the February issue of BLACK ENTERPRISE magazine, I charged our Finance Editor John Simons and our Consumer Affairs Editor Sheiresa Ngo with wwweloping 10 power moves to improve our readers' finances. Follow these tips to better manage your money today an dreap huge benefits tomorrow!--Derek Dingle

10 Power Moves to Help You Better Manage Your Money

Simple steps to help you spend, save and invest smarter

According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less…

By Derek T. Dingle

Posted: Tags: , , , , , , ,
P

Power Moves: 10 Steps to Build Wealth Now!

Our editors have developed "The Power Issue" to help our readers find ways to advance their business, professional and financial lives

Our editors have developed “The Power Issue” to help our readers find ways to advance…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , , , , , ,

What to Do If You’re Contacted about an Expired Debt

The wrong move could wreak havoc on your finances by having you pay for something you didn't have to

In part one of this article, we explained what the statute of limitations is and…

By Sheiresa Ngo

Posted: Tags: , , , , , , ,

The Statute of Limitations on Debt

Make sure you know the rules of how to deal with long-term debt

The statute of limitations. You’ve most likely heard the term before, but you may not…

By Sheiresa Ngo

Posted: Tags: , , , , , ,

New Bank Fees? No Problem. You Can Still Get Free Checking

Look for the loopholes and don't get charged for accessing your own money

You might see a new addition to your checking account in a few weeks. No,…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,
Rev-Jesse-Jackson2

WATCH: Rev. Jesse Jackson Speaks about Wall Street Project

Black Enterprise Senior VP Alfred Edmond speaks with Jesse Jackson about the economy, Wall Street, and where Black folks fit in

Black Enterprise Senior VP Alfred Edmond speaks with Jesse Jackson about the economy, Wall Street,…

By Elayne Fluker

Posted: Tags: , , , ,

4 Things You Might Not Know About Credit

Think you know everything about credit? You might be surprised by these overlooked options

How much do you know about credit? Below are four things you might not be…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,
Sure, the holidays were a lot of fun. You ate great food, spent time with family, and you gave and received some fabulous gifts. Fast forward a few weeks to mid-January. You just got your credit card statement from December and it's not pretty. Although the season was grand, your bank account is looking quite anemic. All that giving and celebrating caused your finances to take a major hit. Here are five tips on how to recover from your holiday debt hangover. —By Sheiresa Ngo

How to Survive the Holiday Debt Hangover

Spreading holiday cheer last year may have spread your pockets too thin this year. Here are 5 tips to stay out of the red.

</a>Sure, the holidays were a lot of fun. You ate great food, spent time with…

By Sheiresa Ngo

Posted: Tags: , , , , , , , ,
6) The rich versus the wealthy: Chris Rock says there's a big difference between rich and wealthy. (Remember? “If Bill Gates woke up with Oprah’s money he’d jump out a [bleeping] window.”) Maybe not; but White believes the true definition is when you no longer have to work for your money; instead your money works for you, your children, your grandchildren... "If you can invest and have your money yield whatever the prevailing interest rate is on that amount at the time, say 3%, and you can live off that interest, you're on your way to being wealthy.”

4/11: 11 Ways to Get Your Money Right for the New Year

Time to get serious about your money matters. Here's how!

</a>With 2010 logged into the history books, it’s time to look forward to the future…

By Elayne Fluker

Posted: Tags: , , , , , , , , , ,
The holiday shopping season is over and the New Year has begun. Reaching your financial goals starts with getting a clear picture of where you are today. Guessing and estimating will not do; you need to know exactly where you stand financially, to the dollar if not to the penny, not in your head, but on paper (even better, on computer). To increase your wealth by December 31, 2011, here's what you need to do NOW. --Alfred Edmond Jr.

5 Steps to a Richer 2011

Reaching your financial goals starts with getting a clear picture of where you are. Here's what to do NOW!

The holiday shopping season is over and the New Year has begun. Reaching your financial…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , , , , , ,

Your 2011 Debt Crisis Guide

If you're deep in debt and you've run out of options, use this guide as part of your plan of attack

It’s a New Year and time to make good on promises to order your finances.…

By Sheryl Nance-Nash

Posted: Tags: , ,
01WFL-KylaAcie1a

Taking Control

Kyla Acie knows how to save, but she needs to set investment goals for retirement and her child�s education

Investing for long-term goals is important to Acie. Many African Americans, regardless of age or…

By Carolyn M. Brown

Posted: Tags: , , ,

Your Get-out-of-Debt Checklist

Celebrate the New Year by resolving to attack debt with these simple steps

A new year is almost upon us. If you’re struggling with a mountain of debt,…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
Take control of debt. “The rich rule over the poor, and the borrower is servant to the lender.” —Proverbs 22:7

Opinion: Student Loans Should NOT Be Discharged in Bankruptcy

Students in financial trouble do deserve a break. But bankruptcy is not the answer

The last thing a young person needs on their credit report coming out of college…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , ,
graduationeducation

Opinion: All Student Loans Should Be Discharged in Bankruptcy

Students in financial trouble deserve a break.

For many of you, student loans were a necessary evil that have remained a thorn…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
Middle age. In your 40s and 50s, retirement should be top of mind now more than ever. Make sure that you’re taking full advantage of your company’s retirement plan. Contribute at least enough to receive the full match. Also make sure that you haven’t underestimated your time horizon. You don’t want to run out of money too soon.

Smart Money Moves for Every Stage of Life

You're never too young to start planning for your financial future

No matter what stage of life you’re in, it’s never to early–or late–to begin managing…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

Is Your Spouse Guilty of Financial Infidelity?

Take this quiz and find out

Financial infidelity is one of the top reasons for divorce. Many couples lie about their…

By Sheiresa Ngo

Posted: Tags: , ,
credit card images

Chase Waives Foreign Transaction Fees

Planning a trip overseas? You might want to take one of these cards with you

If you have a specialty credit card with Chase and you’re a frequent overseas traveler,…

By Sheiresa Ngo

Posted: Tags: , , , , , , ,

Credit Reporting Myths Exposed

Know how your report can affect your financial future

Your credit report and score can hold the key to your financial future. One mistake…

By Sheiresa Ngo

Posted: Tags: , , , , , , , ,

4 Credit Reporting Myths and Realities

Arm yourself with the right information

If you plan to make a big purchase in the near future, it’s important to…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
Eating out. Those $5 foot longs, dollar menu meals, and $4 lunch specials at the Chinese restaurant might be cheap and quick, but it adds up over time. Start cooking at home and put what you would have spent on meals into your savings account.

8 Vices That Will Derail Your Budget

Most of the time, behaving badly will trash your cash

Most of the time, behaving badly will trash your cash

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,
FrugalistaFiles

How to be Frugal AND Fabulous

Author Natalie P. McNeal tells you how to save money without sacrificing your lifestyle

Being frugal doesn’t have to be painful. Finding ways to save money can be fun…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

How to Achieve Your Financial Freedom

Author and finance expert Ryan Mack gives tips on breaking free from financial burdens

In his new book, Living in the Village: Build Your Financial Future and Strengthen Your…

By Sheiresa Ngo

Posted: Tags: , , , , ,

What the FICO? Five Things to Avoid While Fixing Your Credit

How to get your credit back on track

There’s another word that’s been making its way to the top of the list and…

By BLACK ENTERPRISE

Posted: Tags: , , , , , ,

Help! I’m Desperate to Get Rid of Debt!

I really want to get out of student loan debt. I’ve been paying on my…

By Sheiresa Ngo

Posted: Tags: , , , ,
money_burning

The 7 Deadly Sins of Money Management

Avoid these blunders to save your finances.

Avoid these blunders to save your finances.

By Sheiresa Ngo

Posted: Tags: , , , , ,

Counterpoint: Making the Case Against Money Disorders

Why your poor relationship with money may be deeper than you think

The dysfunctional relationship between some people and their money is not a money disorder. Instead,…

By Renita Burns

Posted: Tags: , , , ,
The "forgetful" borrower. Don't be surprised when you lend money to a cousin or your favorite uncle and you never get it back. If you lend money to a family member, consider it a gift. Family members are usually the worst when it comes to repaying a loan. So when Christmas comes around and they find an empty box under the tree, say Christmas came early—when you “lent” them $200 earlier in the year.

6 Financial Deadbeats to Avoid

Make sure you don't turn into one

Make sure you don’t turn into one

By Sheiresa Ngo

Posted: Tags: , , , , ,
Soledad O'Brien

Soledad O’Brien on Why Some Black Families Struggle Financially

CNN's 'Black in America: Almighty Debt' host sheds light on the origin of our financial woes

“The impact of decades of slavery, Jim Crow and unfair hiring practices are still…

By Tomika Anderson

Posted: Tags: , , , , , , ,

Do Money Disorders Exist?

What it means to have a dysfunctional relationship with money

During one of our daily meetings, I brought up the topic of money disorders and…

By Sheiresa Ngo

Posted: Tags: , , , , ,
SoariesDixonPhoto-Z

‘Black in America’ Shows One Pastor’s Determination to End Debt

Pastor DeForest Soaries installed a four-step wealth building program at his NJ church

Pastor Soaries says debt is equivalent to a kind of slavery
It all started seven years…

By Tomika Anderson

Posted: Tags: , , ,

Could You Have a Money Disorder?

If money controls you, the reason could be deeper than a lack of willpower.

The act of shopping and spending money is a normal activity that we all in…

By Sheiresa Ngo

Posted: Tags: , , , , ,

What You Should Know Before Settling Credit Card Debt

Be aware of risks before hiring a company to handle negotiations

Many consumers have come to see debt settlement as a quick fix when they’re in…

By Sheiresa Ngo

Posted: Tags: , , ,
SoledadObrien

Watch: CNN Tackles Almighty Debt on ‘Black in America’

Host Soledad O�Brien talks to Black Enterprise editors about our community�s struggles with debt management

Soledad O’Brien takes a look at “almighty debt,” its effect on the Black community and…

By BLACK ENTERPRISE

Posted: Tags: , , , , , , , , , , , , , , ,
Dysfunctional spending habits could eventually blow up in your face

Four Behaviors That Could Destroy Your Finances

What you don't know about your spending habits can hurt you

Each one of us has a certain “money personality” that drives our financial behavior. And…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
11WFL-Martin1b

Kicking Bad Money Habits

The Martins must come to an agreement on their financial priorities and change their spending habits to eliminate a mountain of debt

While on their honeymoon 12 years ago, Tamela and Omar Martin mapped out their lives…

By Carolyn M. Brown

Posted: Tags: , , , , , , ,

Tools to Curb Holiday Spending

Getting a jump on holiday plans? Here are three resources to get you through the season

Along with browsing for gifts and holiday party wear, you may want to peruse these…

By Renita Burns

Posted: Tags: , , , ,

Lil Wayne’s Young Money to Debut Prepaid Credit Card

We tell you why having one may cost you more than you think

But I will dive into why prepaid cards can be hazardous to your financial health.…

By Renita Burns

Posted: Tags: , ,

Economista: 5 Strategies for Getting College Scholarships

Don't apply for scholarships without following these steps

It pays to be strategic with how you look for college financing. Check out these…

By Renita Burns

Posted: Tags: , , , , ,

Love & Money: Managing Debt as a Couple

Your guide to managing matters of finance and romance

Debt is never pleasant, but when you’re in a relationship and you share the bills,…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
10WFL-Mitchell1a

Attacking Student Loan Debt

Bryan Mitchell pledges to eliminate his $120,000 college debt

Mitchell’s debt is a combination of money he used for UNH’s tuition and fees,…

By Carolyn M. Brown

Posted: Tags: , , , ,

Money Expert Q&A: How to Have Perfect Credit

Anyone can have great credit. Read on and find out how.

In personal finance expert Lynnette Khalfani-Cox’s latest book, Perfect Credit: 7 Steps to a Great…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

Dealing With Debt: 12 Signs That It’s Time to Get Help

Everything you need to know to tame your debt and keep it under control

If you’re like most people, you probably have debt. From student loan debt to credit…

By Sheiresa Ngo

Posted: Tags: , , , , , ,

What To Do About An Underwater Mortgage

Should you maintain or bail?

Thirty-five percent of African American homeowners in the U.S. are currently underwater. If the home…

By John Simons

Posted: Tags: , , , ,

Economista: Why Micro-lenders Will Replace Sallie Mae

Social lending becomes an alternative to private student loan giants

There seems to be a new trend taking root when it comes to college financing.…

By Renita Burns

Posted: Tags: , , , , , , ,

Managing Credit: How to Prove You’re Not Dead

Your guide to building and protecting your credit

It’s time to replace your car, so you shop around for the best deal, pick…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

Money Expert Q&A: When Stores Cancel Your Line of Credit

Answers for your personal financial-related questions and concerns

I got a letter in the mail that my credit card account for an electronics…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

Dealing With Debt: 5 Reasons You’re Headed for Financial Ruin

Everything you need to know to tame your debt and keep it under control

Check out these five financial blunders that will lead you to ruin.

By Renita Burns

Posted: Tags: , , , , , , , , , , ,

Managing Credit: Keeping Students Out of Credit Trouble

Resources and expert strategies to help you boost, manage and protect your credit history

The final components of the White House’s “CARD Act” took effect last Wednesday. Major portions…

By Renita Burns

Posted: Tags: , , , , ,
09WFL-Millhouse1c

Life After Death

Jannis Briggs Milhouse must adjust her financial outlook after losing her spouse

A death in the family is always emotionally demanding, but it can have lasting effects…

By Carolyn M. Brown

Posted: Tags: , , , , , , ,

Dealing With Debt: What to Do When Creditors Attach

Everything you need to know to tame your debt and keep it under control

Here’s what you need to know if you are being sued by a creditor of…

By Renita Burns

Posted: Tags: , , , , , , , , , , , ,

Managing Credit: 4 Ways Bad Credit Can Hurt Your Career

Resources and expert strategies to help you boost, manage and protect your credit history

You’re all suited up and ready for a job interview with your dream company. The…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , , ,
wealth-logo-v1

The Black Enterprise Wealth For Life Principles

Step-by-step guidelines to responsible saving, investing, and spending to build wealth and pass it on to future generations

The 10 Black Enterprise Wealth for Life principles are meant to serve as a step-by-step…

By BLACK ENTERPRISE

Posted: Tags: , , , , , ,
saving

Using Wealth For Life As A Way of Life

We asked; you answered: Our poll reveals respondents embrace debt reduction, savings

Our results are in! Last week, we asked how you’d spend $2,000 if selected as…

By Derek T. Dingle

Posted: Tags: , , , , , ,

Kids & Money: Paying for College and The Myth of Financial Independence

Money lessons we need to teach to our kids from K-12

Whether you have a child that’s prepping for college or your young one has finally…

By Renita Burns

Posted: Tags: , , , , , ,

Managing Credit: Understanding Your Utilization Ratio

Your guide to understanding and managing your credit.

Creditors use a calculation called a credit utilization ratio, which makes up 30% of your…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , , , , , ,

Dealing With Debt: More Ways to Finance Your Education

Everything you need to know to tame your debt and keep it under control

More options for managing student loan debt.

By Renita Burns

Posted: Tags: , , , , , , ,
FITNESTCONTEST_HERO2

POLL: What Would You Do If B.E. Gave You $2,000?

Enter our Financial Fitness Contest and you may have to make that decision. Tell us how you'd use the cash prize.

For a decade, Black Enterprise has awarded scores of our readers $2000 to kick-start their…

By Derek T. Dingle

Posted: Tags: , , , ,

Economista: How to Pay for Grad School

A money guide for 20-somethings

While some students are fortunate enough to attend grad school for free through various programs,…

By Renita Burns

Posted: Tags: , , , , , , , , ,

Managing Credit: 3 Ways Overdraft Fees Will Still Haunt You

Your guide to building and protecting your credit

Starting Thursday, banks must ask existing customers to “opt-in” for overdraft protection instead of charging…

By Renita Burns

Posted: Tags: , , , , , , ,
FITNESTCONTEST_HERO1

Why Black Enterprise Gave Away A Quarter Million Dollars

We've awarded $250,000--and counting--through our Financial Fitness Contest. Enter now and choose Wealth for Life!

As editor-in-chief of BLACK ENTERPRISE, one of the perks of my job is giving our…

By Derek T. Dingle

Posted: Tags: , , ,

What Does Financial Reform Have To Do With Me?

Plenty. Here's a quick breakdown the parts of the bill that affect you.

After more than 8 million jobs were lost and hundreds of banks closed, financial reforms…

By Sheiresa Ngo

Posted: Tags: , , , , , , ,
eyesontheprize

Eyes on the Prize

April McLemore wants to �retire by age 55. But will she have enough money saved in 16 years to live �comfortably?

Friends and family aren’t likely to find April McLemore shopping in stores such as Nordstrom…

By Carolyn M. Brown

Posted: Tags: , , , , , , , , , , , , ,

10 Questions to Ask a Debt Settlement Company

Understand what you�re getting into

Debt settlement might seem like an easy out, but there are many risks involved. Learn…

By Sheiresa Ngo

Posted: Tags: , , , , , ,

What You Should Know Before Settling Credit Card Debt

Be mindful of the pros and cons of consulting a service

If you’re up to your eyeballs in debt and can’t see the light at the…

By Sheiresa Ngo

Posted: Tags: , , , , , ,

Free Ways to Monitor Your Credit

Keeping your credit in tip-top shape doesn�t have to cost a thing

After seeing ads on television, you might be tempted to sign up for credit monitoring.…

By Sheiresa Ngo

Posted: Tags: , , , , , ,

Ask Your Advocate: Can I Be Taxed On a Canceled Debt?

The IRS has a few stipulations

I had a portion of my debt canceled after working out a debt settlement. A…

By Sheiresa Ngo

Posted: Tags: , , , , , , , ,
Thomas

Investing In Education

Dwayne Thomas is �getting his finances in order for life after law school

Dwayne Thomas learned all about the stock and bond markets as a finance major at…

By Carolyn M. Brown

Posted: Tags: , , , , , , ,

Get Ready for Changes to Your Debit Card

You can say buh-bye to those pesky overdraft fees, but you'll have to really watch your balance

As of July 1, new changes are coming to debit card overdraft fees. The Federal…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , ,

Ask Your Advocate: Charge, Credit, Debit—What’s The Diff?

They're all plastic, but the features are not the same

I recently got an offer in the mail for a charge card. How is this…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,

Who Should Have Your Social Security Number?

Protect one of your most valuable pieces of information

Last July, Harrine Freeman was at a gas station when thieves busted her car window…

By Tamara E. Holmes

Posted: Tags: , , , , , ,

African American Wealth Gap Quadruples

High-income blacks have less wealth than middle-class whites

The wealth gap between white and African-American families has increased more than four times between…

By Deborah Creighton Skinner

Posted: Tags: , , , , , ,
06WFL-Malcolm-Johnson

Rewriting the Financial Playbook

Pro athlete turned corporate executive Malcolm Johnson is on his game in helping his family prosper

Malcolm Johnson has had a good handle on his money since retiring seven years ago…

By Carolyn M. Brown

Posted: Tags: , , , , , , , , , , ,

End Your Comfortable Relationship With Debt

Financial freedom gives you real control over your life, but it comes at a price

In many cases, the biggest determiner of whether or not you achieve financial independence lies…

By Patricia Stallworth

Posted: Tags: , , , , , , , , ,

When Identity Theft Hits Close to Home

What to do when a family member steals your identity

Imagine if when you were a child, one of your parents opened a few credit…

By Renita Burns

Posted: Tags: , , , , , , , , ,
05WFL-Hardaway-LIVE

Financial Challenge

Single mom Sophonia Hardaway attempts to balance �competing goals

Sophonia Hardaway saves for her daughter’s ­college education as a way to honor her own…

By Carolyn M. Brown

Posted: Tags: , , , ,

Build A Budget For Yourself—And Cousin ‘Pookie’

The term sounds restrictive, but budgeting is really an exercise in financial empowerment

The word itself sounds and feels restrictive. Budget. When you hear the term, you think…

By Eric D. Grant

Posted: Tags: , , , , , , ,

Growing The Net Worth of Black Women

Don't just be alarmed that the median net worth of black women is only $100�do something about it.

Don’t be alarmed by the recent news that African American women only have a median…

By Sakina P. Spruell

Posted: Tags: , , , , , , , , , , , ,

Cutting Edge: Resisting the Credit Temptation

What to do when you can't say no

When saying no to that impulse purchase is just too hard

By Renita Burns

Posted: Tags: , , , , , ,

Pep Talk: Ready to be Debt-Free

How can I get on track if I am always in the hole?

I’m a 32-year-old mother of two and I’ve spent a great deal of time living…

By Tennille M. Robinson

Posted: Tags: , , , , , , , , ,

Why Financial Planning Ain’t Just For The Rich

Think professional help is too rich for your blood? A financial adviser comes clean.

Let’s say you’re a first year school teacher, with a Masters degree, and you’re making…

By Eric D. Grant

Posted: Tags: , , , , ,

Food for the Journey

Budgets are necessary tools to help you reach your financial goals. Here's how to get started

According to Napoleon, an army marches on its stomach. On our journey we need something…

By Patricia Stallworth

Posted: Tags: , , , , , , ,
04WFL-AdkinsEXC

Drafting a Financial Plan

Dion and Sherrunda Adkins aim to build a solid future for their family

Dion and Sherrunda Adkins both grew up in families that struggled financially. “In our family…

By Sheryl Nance-Nash

Posted: Tags: , , , , ,

Cutting Edge: Bank of America Ends Overdraft Fees

Customers may find relief in new policy nixing the extra charges

Bank of America customers say sayonara to overdraft fees.

By Renita Burns

Posted: Tags: , , , , , , , ,

Green Credit Cards

Is an environmentally conscious credit card right for you?

Everyone close to Chanté Evans, 30, knows
being “green” is a priority for her. Each year…

By Leslie E. Royal

Posted: Tags: , , , , , ,
03WFL-Smith

Building Wealth

Ebony Smith seeks the tools to increase her net worth

Ebony Smith says losing her job was a blessing in disguise. In 2008, the former…

By Sheryl Nance-Nash

Posted: Tags: , , , ,

Credit Card Reform Starts Today

Consumers gain rights with new provisions

The landmark legislation that Obama signed in the spring of 2009 that was designed to…

By Renita Burns

Posted: Tags: , , , ,

Get Ready For The New Credit Card Rules

Excellent advice from the National Foundation for Credit Counseling

The clock is ticking toward implementation of the Credit Card Accountability Responsibility and Disclosure Act…

By BLACK ENTERPRISE

Posted: Tags: , , , , , , ,
02WFL-Lundy-LIVE

Staying on Track

Dasha Lundy seeks to establish a strong financial foundation-with or without a mate

Like mother, like daughter. And that’s just fine by Dasha Lundy. Her mother taught her…

By Sheryl Nance-Nash

Posted: Tags: , , , , , ,

A Life Raft for Student Loan Borrowers

Task force recommendation could lessen repayment load

If you’re experiencing financial difficulty, student loan payments can feel like a weight on your…

By Sheiresa Ngo

Posted: Tags: , , , ,

Credit Inquiries—Hard Pulls vs. Soft Pulls

Here's the lowdown on how multiple inquiries impact your credit score

Learn how certain types of inquiries on your credit report can impact your credit standing.

By LaToya M. Smith

Posted: Tags: , , ,

3 Things to Know About Debt Collectors

What they can and can�t do when collecting on a debt

While the days of debt collectors sending sheriffs to your home are long gone, for…

By Renita Burns

Posted: Tags: , ,

Help! My Dad Has a Credit Card in My Name

What to do when a family member steals your identity

When “Jonathan” was 14-years-old, his Dad opened a few credit cards and acquired a few…

By Renita Burns

Posted: Tags: , , , ,

5 Ways to Reduce Debt

Start the new year on the right foot. These tips will show you how to lighten your financial load

In 2002, Kristen Tate decided that debt free was the way to be. With a…

By Leslie E. Royal

Posted: Tags: , , , , , ,
photo: Jerry Jack

High Hopes

Jason Gray aims to focus his goals and map out a wealth plan.

Jason Gray has big plans. He wants to be the first of his five siblings…

By Sheryl Nance-Nash

Posted: Tags: , , ,

Say Buh-Bye to Your Bank?

Why you might want to join a credit union

If you’re thinking about giving your bank the old heave-ho, joining a credit union may…

By Renita Burns

Posted: Tags: , ,

Hell Hath No Fury Like a Credit Cardholder Scorned

Consumers use power of closure to fight rate raises

Oh geez, you’ll never guess who decided to take up arms and join the civil…

By Renita Burns

Posted: Tags: , , ,

The Homebuyer’s Toolkit: How Your Credit Score Adds Up

Understanding and protecting your credit score is an important key to homeownership

Do you request your credit report every year? Admittedly, I have to say I don’t.…

By LaToya M. Smith

Posted: Tags: , , , , , , ,

5 Credit Repair Tips for the Recent Grad

How to clean up the fallout of bad credit card use

You made it! The tassel has been moved to the other side of the cap…

By Renita Burns

Posted: Tags: , ,

Reaching the Next Level

BE takes a look at the 2008 Financial Fitness contest winners to see if theyre closer to a secure financial future.

This year has been tough for almost everyone. Belts are tighter and wallets are opening…

By Sheiresa Ngo

Posted: Tags: ,

Check Yourself Before You Wreck Yourself

Before hitting stores, take the NFCC's Holiday Spending Quiz

Once again, it’s the time of year when pressure on consumers to do their part…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , ,

ARMed And Dangerous? Don’t File For Bankruptcy

An adjustable rate mortgage can turn a Chapter 13 filing from bad to ugly

Just got a phone call from a couple thinking of filing Chapter 13 bankruptcy. …

By Kirk Charles

Posted: Tags: , , , , , ,
11WFL-Battles

Making Changes

Richard Battles adjusts his finances after retiring from the military

Richard Battles created a lifetime of memories during his 20-year Naval career. He lived in…

By Sheryl Nance-Nash

Posted: Tags: , , , ,

What To Do Today to Prepare For This Year’s Taxes

Don�t let Uncle Sam catch you off guard

It’s not tax season yet, but by the time you finish feasting on turkey and…

By Renita Burns

Posted: Tags: , , ,
10WFL-Robertson

Balancing Act

Shelly Robertson works to maintain financial health

After Shelly Robertson’s nine-year marriage ended in 2006, she quickly adjusted her lifestyle. As part…

By Sheiresa Ngo

Posted: Tags: , , ,

Tax Collectors Mine Social Networks

Google, Facebook, and MySpace yield results in search for cheaters

Uncle Sam is tracking down tax deadbeats through social networks and making them pay up.

By Renita Burns

Posted: Tags: , , , ,

The Tangled Web of Debit Cards

Overdraft fees a cash cow for banks

I always thought that using a debit card for my purchases was a safe alternative…

By Renita Burns

Posted: Tags: , , , ,

Private Lenders Up in Arms Over Student Loan Bill

Legislation would benefit those who need relief most

While private lenders may lose a portion of funds from the federally backed loans in…

By Renita Burns

Posted: Tags: , , , ,

Women of Power

KeKePalmer-SherriShepherd-activate

[RECAP] Activate Conference Wows and Inspires New York City Power Women

The Activate Conference, held Sept. 20 at the Times Center in NYC, featured speakers Keke…

Read More »
(Image: Bowman)

Cool Jobs: Television Executive Micheline Bowman Balances Career and Side Hustle

Fox News’ Micheline Bowman has more than 15 years experience in television and has a…

Read More »