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Money > Credit & Debt Management

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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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.

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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

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4 Ways to Protect Your Credit During the Holidays

Think before you shop. No, really, we insist

The holiday season is here. Before you whip out that eggnog and gear up for…

By Sheiresa Ngo

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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The 7 Deadly Sins of Money Management

Avoid these blunders to save your finances.

Avoid these blunders to save your finances.

By Sheiresa Ngo

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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

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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

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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

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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

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‘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

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Your problems with money could be deeper than you realize.

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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Getting on Track

Tyvi Small works to improve his financial discipline

Tyvi Small is pursuing a doctorate in higher education administration. But when it comes to…

By Sheiresa Ngo

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Credit Card Companies Go On the Defense

Issuers hike rates as CARD Act set to take effect

1231_CostCuttingBlogCreditCardLooks like credit card issuers are playing a tough game of defense against sweeping legislation…

By Renita Burns

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Preparing for the Future

Jason and Carol Wooden are expecting a bundle of joy. Will they be able to quit their day jobs early and enter semiretirement?

Herb White, a certified financial planner and founder of Life Certain Wealth Strategies in Denver,…

By Sheiresa Ngo

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Hey, Mr. President, How About A Holiday?

Let's give homeowners the option of not paying their mortgages for one full year

I am talking about a one year Mortgage Holiday where homeowners will not be required…

By Warren Ballentine

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Establishing A Legacy of Wealth: Part 4

We must take control of our destinies

When all is said and done, we have the ability to take control of our…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 3

We must take stock of how we spend

Many African Americans are more concerned with what we are wearing, what we are driving…

By Ryan Mack

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The Credit Card Fee Hustle

Minimum purchases on credit cards are a violation

It’s a shared feeling among many debit and credit cardholders. You head to the local…

By Renita Burns

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Why America Needs Uncle Sam’s Financial Lessons

Is it government�s job to convince more Americans to save and invest?

One of the arguments conservatives are leveling against President Barack Obama’s proposed Consumer Financial Protection…

By John Simons

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Relief for Student Loan Borrowers

Income-Based Repayment plan reduces monthly minimum payments

College graduates facing mounting student loan debt may find relief in the new Income-Based Repayment…

By Renita Burns

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School Daze

Getting a Ph.D. left Laquita Blockson with dizzying debt. Now, she seeks a financial plan to pay it all off

Borrowing money to further your education—and by extension, your earning power—is what most financial…

By Sheiresa Ngo

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Uh-Oh, I Can’t Repay My Student Loans

Four tips for grads struggling to avoid the perils of default

The parties are over, Thirsty Thursdays are a mere memory, and early morning wake-up calls…

By Renita Burns

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Pursuing the American Dream

Richard Cherry strives to build wealth through homeownership

Richard Cherry is more interested in being wealthy than looking wealthy. Living well below his…

By Carolyn M. Brown

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Hard Lessons in Home Economics

Rocked by declining property values and job loss, the Carrs are searching for answers

Sherley Bretous-Carré and Edenswear Carré still believe in the American dream. Starting in 2002, the…

By Sheryl Nance-Nash

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The Cutting Edge Q&A: Rebounding After a Custody Battle

Be diligent in finding solutions to manage debt

Since last year, I have fallen behind on the majority of my bills due to…

By Renita Burns

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Do As I Say, Not As I Do?

Is borrowing reckless or responsible? Depends on whether debt is "good" or "bad"

A few days ago, I was confronted with a very interesting issue by Black…

By John Simons

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The Cutting Edge: Big Tax Refund? You Might Want to Think Twice

Overpaying Uncle Sam is like giving him an interest-free loan

There is such a thing as overpaying Uncle Sam. Though buxom tax returns can seem…

By Renita Burns

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The Cutting Edge: Tax Tips for First-Time Filers

Don�t let ignorance cost you money, time

If this is your first time filing as an independent, or you’ve just started taking…

By Renita Burns

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Say No to Overdraft Fees

10 Days Left to Tell Fed to Say No to Banks

Ever had to pay an additional $30 for a $5 hamburger or a $15 meal?…

By Renita Burns

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1. Make sure your investment portfolio has exposure to emerging markets like China and India. They recommend that no more than 10% of your portfolio holdings should be invested in these assets.

4. I Will Save At Least 10% of My Income

It’s not enough to just make ends meet with the salary you are earning. You…

By Carolyn M. Brown

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5. I Will Use Homeownership as a Foundation for Building Wealth

While these are uncertain economic times, financial experts agree that owning a home is still…

By Carolyn M. Brown

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7. I Will Ensure That My Entire Family Adheres to Sensible Money Management Principles

Talking about money matters at the dinner table may not have been polite conversation long…

By Carolyn M. Brown

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Safe Haven

Sylvia King's financial discipline kept her afloat during tough times

Sylvia King’s financial discipline kept her afloat during tough times

By Sheryl Nance-Nash

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Women & Money: When to File Bankruptcy

Chapter 7 and Chapter 13 should be your last resort

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Who Benefits Most From New FICO Scoring Method?

Modifications could be a plus for some, big minus for others

After years of tweaking, Fair Isaac Corp. finally rolled out its revamped FICO score method.…

By Renita Burns

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Growing Their Wealth

Richelle and Niko Perazich seek strategies to expand their nest egg.

By Sheryl Nance-Nash

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Women & Money: Your Finances at Your Life Stage

The right steps whether you're single or over 40

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Women & Money: Conflict Resolution for Your Financial Woes

Don't let money problems ruin your relationship

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Three Tips for Managing Cash Flow

In a tight times, due diligence in tracking your dollars is key

With tightening credit markets, entrepreneurs are being advised to watch their dollars carefully. Many companies…

By Margarette Burnette

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Women & Money: When ‘Mine’ Becomes ‘His & Hers’

How to change your mindset from solo to partnership

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Women & Money: Handling Your Spouse’s Financial Missteps

Help your mate learn how to successfully manage finances

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Women & Money: Tips for Financial Empowerment

Ways to combat salary disparities

Over the next two weeks, we’ll have money management tips and strategies from Harrine Freeman,…

By BlackEnterprise.com

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Women & Money: Tips for Financial Empowerment

Credit counseling CEO gives insights on money management

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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Living the Abundant Life

Norris and Reneau Curl are taking steps to grow and protect their cash cushion.

By Sheryl Nance-Nash

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Goodbye Credit Card Rate Hikes?

New rules add protections for consumers

For many of us, credit cards have been a saving grace in times of need…

By Renita Burns

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What You Should Know Before Filing for Bankruptcy

Bankruptcy has gotten more difficultand expensive.

It was the daily flood of phone calls that finally did it. They became so…

By Ilana Polyak

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An Alternative to Credit: Layaway

Tips for getting the most out of your shopping

With its roots in the Great Depression, layaway allows shoppers who don’t have enough money…

By Tamara E. Holmes

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You Don’t Have to Cancel Christmas, but…

Making a list and checking it twice could result in the best gift of all: a debt-free New Year.

The pressure has already started to get us to start our holiday shopping and spend…

By Alfred Edmond, Jr.

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On Shaky Ground

Adriene and Rob Lambert work toward achieving financial unity.

By Sheryl Nance-Nash

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From Wall Street to Main Street

The credit crisis' impact on you

The wave of bank failures and the wrangling in Congress over a $700 billion rescue…

By Renita Burns

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Risky Solutions to Debt Elimination

Taking shortcuts can lead to compounding woes

Desperate for alternative ways to pay down debt, many people rely on quick-fix solutions that…

By Zakiyyah El-Amin

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Deep in Business Debt?

Here is how you can pay your creditors and keep your doors open

If you’re like most small business owners, at some point you have robbed Peter to…

By Wendy Harris

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Boost Your Credit Score

Bringing up your points pays off

Ever since subprime mortgages became more “sub” than “prime,” lenders have been tightening up on…

By Donald Jay Korn

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Good News For College Loans

President Bush signs law increasing access to federal funds

If you’re the parent of a college student, you know how expensive higher education
can be.…

By Donald Jay Korn

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Women of Power

Venus Williams

Watch Sonia Alleyne’s Interview with Venus Williams at This Year’s Women of Power Summit [Video]

Venus Williams was one of the featured speakers at this year’s Women of Power Summit.

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Women of Power: Pushing Past Fear To Make Your Next Career Move

At the Black Enterprise Women of Power summit, attendees learn how to push past fears…

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