December 19, 2014 10:13 PM • Log InREGISTER

Money

Photo by Quantrell D. Colbert

Blending Families and Finances

When Julia Hamilton and her life partner Keesha Gipson Monroe committed to each other they vowed to raise money-smart kids

Adhering to sound money management principles requires substantial discipline for most individuals. So imagine…

By Aisha I. Jefferson

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

How To Close The Wealth Gap: Step 1

It may take generations to do it. But it starts with making better decisions with the money we have.

The Black wealth gap must be closed. Here’s how we begin to make steps towards…

By Alfred Edmond, Jr.

Posted: Tags: , , , , , , , , , , , , ,
We'll all feel weighed down by debt if help doesn't come soon (Image: ThinkStock)

5 Ways You Can Prepare For Debt Default

Don't wait around for the government to decide your financial future

To lend further analysis to the debt default or downgrade, BLACK ENTERPRISE has reached out…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , ,
lending money_african american

Poll: Do You Plan to Support Your Adult Children?

Knowing when it's time to cut the financial umbilical cord

A recent study conducted by SunAmerica Financial Group found that 70% of parents age 55…

By Sheiresa Ngo

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

Preparing for the Marathon To Rebuild Our Wealth

Based on the racial divide in the economic gap, a lot has to be done to rebuild our buying power

While America dealt with the Great Recession of 2007-2009, overwhelming numbers of minority households suffered…

By Derek T. Dingle

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: , , , , ,
Couple moving

Moving Soon? Be Careful Thieves Don’t Move with Your Identity

A lot goes into moving, and often times identity protection is not top of mind. Here's how to protect yourself during the transition

A lot goes into a big relocation, and often times identity protection is not top…

By Lynnette Khalfani-Cox

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: , , , , ,
It took only 72 days for Kim Kardashian and Kris Humphries’ marriage to dissolve. Reportedly costing a million dollars, the financial loss of the split is obvious. Similarly, Jennifer Lopez may have once sang “Love Don’t Cost A Thing,” but the singer/actress knows first-hand that a  divorce can cost a pretty penny. After eight months of marrige to backup dancer/choreographer Cris Judd, she called it quits in 2002 and coughed up $14 million to Judd. With the recent announcement of her split from salsa singer Marc Anthony, there’s rampant speculation about who’s going to come out richer. J.Lo, whose estimated net worth is $150 million, easily eclipses her estranged husband who earns a respectable $40 million. If the couple signed a premarital agreement, there should be little worry about who gets what. On the other hand, the dirty laundry from some of the following couples was aired when news of their divorces spread. We’ve taken a look at the figures in 10 expensive celebrity divorces. —Brett Johnson

10 Most Expensive Divorces for Black Celebrities

A look at the most costly divorces of the rich and famous

Divorces and separations are all too common in Hollywood. Here’s a breakdown of some of…

By Brett Johnson

Posted: Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
new-home-owners-300x232.jpg

Will the Consumer Financial Protection Bureau Do Any Good?

New agency aims to have your back when dealing with financial institutions

On July 21, consumers will officially have a new watchdog in the form of the…

By Sheiresa Ngo

Posted: Tags: , , ,
Woman-on-phone

Beware of Cross-selling Tactics

Before you buy this with that, make sure you're getting what you need; not just what they sell you

When you’re at the store getting ready to purchase an item, don’t automatically be lured…

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: , , , , , , , , ,
President Barack Obama changed the game when it came to utilizing a powerful tool of influence: social media. Since his successful 2008 bid for the U.S. presidency, he has held a prominent role, using social networking as a way to reach the masses, gain support, and create one of the most transparent presidencies in history. Here's a look at his social media presence, and how his administration has successfully leveraged it as a vital resource. --- Janell Hazelwood

Decoding Barack Obama’s Social Media Campaign Strategies

A look at the Head of State's prowess with social Web

President Barack Obama changed the game since his successful run in 2008, utilizing the most…

By Janell Hazelwood

Posted: Tags: , , , , , , , , , , , , , , ,
boardroom-multicultural-315x232

New Law Helps Minority and Women Contractors Land Big Deals

President Obama signs bill that gives our financial services firms a seat at the table. But is it enough?

In July 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act…

By Jeffrey McKinney

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: , , ,
international-travel-couple-070511-300x240

How to Get the Most For Your Dollar When Traveling Abroad

Smart travel tips to help you save before and during your trip

Money columnist Lynnette Khalfani-Cox gives you smart travel tips that will help you save before…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , , ,
family vacation

How to Score a Summer Vacation Deal!

Kick off the summer travel season with a sweet deal

You don’t have to break the bank to enjoy a fun, satisfying summer vacation. There…

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: , , , ,
06MONEY-RaymondStewart-LIVE

Money in the Bank

Raymond Stewart, founder and chief investment officer of RASARA Strategies, picks three banking stocks destined to lead the sector’s resurgence

In many ways, the cloud of worry surrounding financial companies at the onset of 2009…

By James A. Anderson

Posted:
IMG_8367

Take Your Kids To Money School!

How to find a workshop, after-school program, or camp that’s right for your child

The program Brendan attended, the Youth Investment Club, is jointly run by the Lanham, Maryland-based…

By Tamara E. Holmes

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:
Subject: Jared Murphy

Knowing When to Sell a Stock

How to create an exit strategy for your investments

Breaking up is hard to do, especially when money is involved. But when Jared Murphy…

By Renita Burns

Posted: Tags: ,
Photo by Greg Kiger

Breaking the Cycle

V. Kenneth and Justin Johnson are on a mission to help family, friends, and clients protect and transfer wealth

One of V. Kenneth Johnson’s most pressing goals in life is to “break the cycle…

By LaToya M. Smith

Posted: Tags: , ,
Life is often a bit easier when you receive a word of wisdom to guide you along the way. Here, you'll read some wise words from financial planners on retirement, saving, investing, budgeting, and managing your finances.

9 Essential Tips Every Investor Should Know

Financial professionals offer advice for market-watchers young and old

Crystal balls are pretty hard to come by particularly when it comes to investing in…

By Bridget McCrea

Posted:
Malkia McLeod

Precautionary Measures

Malkia McLeod needs to organize her finances to help carry her through an uncertain job market

In the fall, the 37-year-old could be out of a job. A public affairs specialist,…

By Carolyn M. Brown

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: , , , , , ,
Michael Jackson in glasses

Michael Jackson: Decoding the Brand Power of a Black Music Legend

A reflection on the King of Pop's musical and business impact two years after his passing

As a musical icon Michael Jackson’s legacy spans from record breaking album sales and groundbreaking…

By Andreas Hale

Posted: Tags: , , , , , , , , , ,
Teens window shopping

7 Money Lessons Teens Learned from the Recession

A new study shows the Great Recession turned out to be teens’ most effective teacher.

You’ve probably talked to your teens about money management numerous times. And you’ve probably felt…

By Sheiresa Ngo

Posted: Tags: , , ,
Is it okay to use a coupon on a first date? (Image: Thinkstock)

Would You Use a Coupon on a Date?

There's a fine line between a smart move and poor taste.

Are there times when you should and shouldn’t use a coupon?

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: , , ,
D

7 Simple Facts About Saving Money

How much do you know about saving for a rainy day? Here are seven facts you need to know from AmericaSavesWeek.org

How much do you know about saving for a rainy day? Here are seven facts…

By Sheiresa Ngo

Posted: Tags: , , , ,
3 Tips for Getting Your Direct Mail Marketing Letters Read

5 Ways to Protect Your Mail from Identity Theft

Don't let sensitive information get into the wrong hands

Mail theft is one of the top ways that people’s identities are compromised. But there…

By Sheiresa Ngo

Posted: Tags: , ,
M

Consumer Alert: Watch out for Tax-Related ID Theft

See what steps you can take to protect yourself

You’ve filed your taxes, dropped the forms in the mail, and now you’re breathing a…

By Sheiresa Ngo

Posted: Tags: , , , , , ,
N

4 Financial Questions You Should Ask Before (Or Early Into) Marriage

You've covered all the details of the wedding. But what about your money matters?

If you’re about to get married, or have recently tied the knot, chances are you…

By Lynnette Khalfani-Cox

Posted: Tags: , , ,
Following your passion is great, but no one wants to struggle to pay the bills after graduating from college. That's why for some students it's important to avoid majors that traditionally don't pay well. A recent study by Georgetown University Center on Education and the Workforce identified a list of college degrees that place African Americans at the lowest end of the pay scale. Following our look at the highest paying degrees for African Americans, here's a look at the majors most likely to leave your wallet a little lighter.

10 Lowest-Paying College Degrees for African Americans

Will you be struggling to pay the bills after you graduate? Graduating with one of these degrees may make that your reality

Following your passion is great, but no one wants to struggle to pay the bills.…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , ,
05RealEstate Sharon_Morris1c

How to Negotiate the Best Deal on a Home

Learn when to buy, what to say, and how to secure a great price

Standard & Poor’s noted at the end of 2010 that six markets—including Atlanta, Miami, and…

By Tamara E. Holmes

Posted: Tags: , ,
Emmanunel Twum

A Savings Lesson Well Learned

Parental tough love set Emmanuel Twum on the path to responsible spending

One of the toughest lessons Emmanuel Twum learned his freshman year in college had nothing…

By LaToya M. Smith

Posted: Tags: , , , ,

What to Buy in May

If you need new patio furniture, May is the best time to buy it.

By Sheiresa Ngo

Posted:
Tech Insider_Laptops2_sm

Family-Friendly Tool

The summer travel season is just around the corner. If you’re traveling with your family…

By Sheiresa Ngo

Posted: Tags: ,
college debt

A Fun Way to Track College Savings

Make college savings fun and personal with My College Fund Journal.

By Sheiresa Ngo

Posted: Tags:
Wall Street Black Enteprise

Can the Stock Market Rally Continue?

We asked eight experts whether the Dow’s two-year upswing will last another year

The stock market rally that began in the wake of the financial crunch marked its…

By John Simons

Posted: Tags: , , , , ,
MarkRiddix

How to Buy Like Buffett

Blogger and financial adviser Mark Riddix makes three mutual fund picks to help you invest like his idol, Warren Buffett

Mark Riddix, a Baltimore-based financial adviser, has recently been making waves online.

By James A. Anderson

Posted:
05Money Sharee Hall1c

MoneyTips for New College Grads

Five ways to manage your cash so you’re equipped for the “real world”

When Sharece Hall, 25, was a student at the Georgia Institute of Technology, she, like…

By Brittany Hutson

Posted: Tags: , ,
05Young Money Mcmillian1c

Life on “The Street”

How Lamont McMillan turned an after-school internship into his dream job as a bond trader

Raising a young man in New York City isn’t easy. But Glenn Lamont McMillan Sr.…

By John Simons

Posted: Tags: , , ,
05WFL Ferguson1a

Playing Catch-Up

To reach their retirement goals, Lee and Tayo Ferguson must save more and spend less

Lee and Tayo Ferguson have all the trappings of middle-class success: two stable careers, a…

By Carolyn M. Brown

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: , , , ,
Looking-for-Gas-300x232

3 Mobile Apps That’ll Help You Find the Cheapest Gas Prices

With gas prices on the rise, getting the most out of your tank is a must. Don't worry there's an app for that!

To help you manage the rising price of gas, I recommend these three mobile apps…

By John Simons

Posted: Tags: , , , , , , ,
Oprah WInfrey

Oprah Winfrey Decoded: Makings of a Multimedia Master

Over the past 25 years Oprah Winfrey has inspired us as a billionaire businesswoman. Here's a snapshot of her financial power

Oprah Winfrey airs the finale of her top-rated talk show The Oprah Winfrey Show today,…

By Tamara Warren

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: , ,
LeBron James with hand on chin

LeBron James Decoded: A Slam Dunk Brand

Moving to Miami only amplified LeBron James' stock in the NBA and is having a similar effect on his business and bank account

Since joining Dwayne Wade on the Miami Heat, LeBron James has made millions more and…

By Andreas Hale

Posted: Tags: , , , , , , , , , , , , , , , , , , ,
Arnold Schwarzenegger in a suit and smiling

Arnold Schwarzenegger & 5 Men Whose Finances Were Impacted by a Sex Scandal

Infidelity could really cost you

From Arnold Schwarzenegger to Tiger Woods, sex scandal can not only destroy a career but…

By Larry Gilchrist

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: , ,
Locked-up-house-300x232

4 Tips to Keep Your HUD Home Out of Foreclosure

With the HUD mortgage counseling budget eliminated, more homeowners are at risk for foreclosure

The ongoing foreclosure problem facing U.S. homeowners is about to get worse now that Congress…

By Lynnette Khalfani-Cox

Posted: Tags: , , , , , ,
M

5 Tips on How to Handle Sudden Wealth

Whether you just signed a multi-million dollar contract or inherited property from a wealthy relative, here are some tips to help you keep—and grow—your wealth responsibly

Whether you’ve just signed a multi-million dollar contract, won the lottery, or inherited property from…

By Robert J. Gordon

Posted: Tags: , , , , ,
Tupac-Shakur-300x232

Will Bankruptcy Stop Tupac’s Biopic from Hitting the Screen?

15 years later, financial harships threaten to keep the rapper's long-awaited story out of theaters

15 years later, financial hardships threaten to keep the rapper’s long-awaited story out of theaters

By Lynnette Khalfani-Cox

Posted: Tags: , , , , ,
facebook-deals1-200x300

Why Facebook’s New Offer Is Kind of a Big Deal

See how the social network lets you save on events and activities

If you thought the folks over at Facebook were done making changes, you were wrong.…

By Sheiresa Ngo

Posted: Tags: , , , ,
Braxton-Family-BraxtonFamilyValuessTV-050411-Large

Braxton Family Values: Highlights of Love and Money Among Sisters

Toni Braxton and her superstar family on 'new money' and financial marital woes

Toni Braxton and her superstar family on ‘new money’ and financial marital woes

By Janell Hazelwood

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: , , , , , , , , ,
teen_on_computer

10 Twitter Accounts That Can Prep You For College

From SAT prep to financial assistance, follow these 10 Twitter handles

From SAT prep to financial assistance, follow these 10 Twitter handles

By Janel Martinez

Posted: Tags: , , , , , , , ,
College-Blues-300x232

5 Ways to Avoid Major Student Loan Debt

A financial expert provides tips for handling the dreaded student loan

Preparing for college means planning ahead. Financial expert Curtis Johnson provides parents and students with…

By Janel Martinez

Posted: Tags: , , , , , , ,
black-homeowners-300x232

5 Rules for Getting a Great Deal on a Home

Follow these tips and snag a great price on your dream home

If you’re in the market for a new home, you’ll want to make sure that…

By Sheiresa Ngo

Posted: Tags: , ,
Woman gripping money with jewelry on

Love & Money: 7 Signs You’re Dating A Gold Digger

You work hard for your money and your relationship, here are a few ways to make sure both are protected

Gold diggers come in all forms. Whether it’s a woman looking to marry a well-paid…

By Kevin L. Clark

Posted: Tags: , , , , , , , ,
Black student graduating

10 Tips for Filing Your FAFSA Form for College Financial Aid

How to fill out the Free Application for Federal Student Aid and get more money to finance your education

How to fill out the Free Application for Federal Student Aid and get more money…

By Janel Martinez

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: , , , , , , , , , , , , ,
New York Knicks Slam Dunk Contest Trophy

Decoded: The Economics of a Winning Knicks Team

How the Knicks making the playoffs gives New York City businesses a boost

How the Knicks making the playoffs gives New York City businesses a boost

By Christina Tapper

Posted: Tags: , , , , , , , , , , , , , , , ,
Overall Satisfaction among Small Business Banking Customers Drops

3 Things to Do Before You Start Banking From a Smartphone

Mobile banking offers convenience and flexibility. But here's what you need to know before you tap in to this resource

Mobile banking offers convenience and flexibility. But here’s what you need to know before you…

By BLACK ENTERPRISE

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: , , , , , , ,
If you’re going to tuck your money away, you might as well make it work for you. Before the advent of the Internet that generally meant opening up a traditional savings account, but with more and more banks offering high-yielding online accounts, customers have new options to keep their funds liquid while still maximizing their returns. But how does one decide between an online account and a traditional savings account? BlackEnterprise.com breaks down the differences between the two.

Online vs. Traditional Savings: Which Account Has Your Best ‘Interests’ in Mind?

There's more than one way to save money. Make sure to find the account that works for you.

There’s more than one way to save money. Make sure to find the account that…

By Renita Burns

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: , , , , , ,
debt-collectors-facebook-300x232

4 Ways to Prevent Debt Collectors from Contacting You on Facebook

Fight back with these tips.

Fight back with these tips.

By Sheiresa Ngo

Posted: Tags: , , ,
M

3 Ways to Organize Your Financial Life

Expert tips on creating a simple savings strategy for your short, mid, and long-term financial goals

Expert tips on creating a simple savings strategy for your short, mid, and long-term financial…

By LaToya M. Smith

Posted: Tags: , , , , , , , , , , , , ,
Evolving in the public eye, Chris Brown has gone from teenaged heartthrob to pop music megastar to vilified brute and then repentant sinner. At the heart of his image downturn is the 2009 assault of then girlfriend, Rihanna, which showed a darker side to the talented singer/dancer/actor. Brown’s subsequent apologies, paid debt to society in the form of community service and an emotional performance of Michael Jackson’s “Man In The Mirror” at the 2010 BET Awards seemed to have almost wiped his slate clean—that is, until last month’s Good Morning America appearance. Following an awkward and defensive interview with GMA co-host Robin Roberts, Brown threw a tantrum backstage, smashing a window at ABC’s Times Square studio in the process. Though Brown has since apologized for his behavior (again), many speculate that he’s running out of second chances and that’s bound to hit him in the pockets. BlackEnterprise.com takes a look at how all the drama has or hasn’t affected the troubled star’s money.

Chris Brown Decoded: The Finances of a Tarnished Brand

An exploration of how much the troubled star's scandals have adversely affected his bottom line

An exploration of how much the troubled star’s scandals have adversely affected his bottom line

By timmhotep aku

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

Set Your Investments on a New Course

Experts tell you how to invest in today's hottest sectors without getting burned

While the U.S. economy continues its slow recovery from the financial crisis and recession, the…

By Donald Jay Korn

Posted: Tags: , , , , , ,
A tip from a trusted friend or relative, a little monetary incentive or even just the location can usually steer consumers to their bank of choice. But one look at the fine print can have potential customers re-thinking their decision. While Capitol Hill has banks scrambling to make up new revenue sources, consumers are usually the ones slighted as new fees means less banking value for your buck. With the savings rate up 5.8% in January, according to the Bureau of Economic Analysis—the highest since August—it’s important to make sure the financial institution you decide to do business with is giving you the best service. Here’s a checklist of questions you should always ask to ensure you’re getting the most out of a savings or checking account.

14 Questions to Ask Before Opening a Checking or Savings Account

Not all bank accounts are created equal. Mind your money with these essential questions

Not all bank accounts are created equal. Mind your money with these essential questions

By Renita Burns

Posted: Tags: , , , , , , ,
elderly-mom-300x232

Caring for An Aging Relative? Don’t Overlook Your Tax Breaks

When writing off your relatives...on your taxes...makes sense

When writing off your relatives…on your taxes…makes sense

By John Simons

Posted: Tags: , , , , ,
Grad-with-parent-300x232

Poll: Is it OK for New College Grads to Move Back Home?

Good financial sense or a surefire way to kill a kid's desire for independence? You decide

Good financial sense or a surefire way to kill a kid’s desire for independence? You…

By Sheiresa Ngo

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: , , , , , , , , , , ,
Crossword_puzzle_1

Switching Jobs: What Happens to My 401(k)?

When making a career move, be sure to know your options and protect your retirement money

Four options for handling retirement plan assets when you change jobs

By LaToya M. Smith

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: , , , , ,
Earl "Butch" Graves Jr., President & CEO, Black Enterprise

Simple Rules for Lifetime Investing

Many of us let a crisis go to waste. Yes, the Great Recession put a…

By Earl "Butch" Graves Jr.

Posted: Tags: , ,
Earl G. Graves Sr., Chairman & Publisher, Black Enterprise

Let’s Get Back to Investing in Our Future

Live within your means. Put money aside for tough times. Save, don’t borrow, for the…

By Earl G. Graves, Sr.

Posted: Tags: , , , , ,
Empty-Wallet-300x232

Your Wallet: A Loser’s Manual

4 ways not to lose your mind when you lose your wallet

4 ways not to lose your mind when you lose your wallet

By BLACK ENTERPRISE

Posted: Tags: , , , , , ,
(Image: Thinkstock)

How to Cope with Rising Prices at the Pump

Tips on what you can do in your everyday life to get you through the ups and downs

Tips on what you can do in your everyday life to get you through the…

By Andre Williams

Posted: Tags: , , , , , , ,
Spending less than you earn seems like a simple rule, but as straightforward as it may appear, every year many Americans become the casualty of their spendthrift ways. Making purchases you cannot afford or don’t need, in turn, leads to uncontrollable debt. 	Terry and Tyra Johnson of Yardley, Pennsylvania, have maintained a frugal lifestyle even though they make a combined six-figure salary. Here are four tips from the Johnsons that help them live below their means.

4 Ways to Live Within Your Means

Couple shares tips on how to avoid financial pitfalls

Couple shares tips on how to avoid financial pitfalls

By Glenn Townes

Posted: Tags: , , ,
Japan-economy-300x232

What the Japan Crisis May Mean for Your Portfolio

Leading black asset managers give their take on the impact on American industry

Leading black asset managers give their take on the impact on American industry

By Joyce Jones

Posted: Tags: , , , , , , , , , , , , , , , , , , ,
Black-Family-forclosure-300x232

7 Steps to Getting Over Foreclosure

What you can do before, during and after the process to ease the pain

What you can do before, during and after the process to ease the pain

By John Simons

Posted: Tags: , , ,
Black-Doctor-300x232

8 Ways to Save Money on Health Care and Health Insurance

Health care reform was signed into law a year ago but much of it goes into effect in 2014. Here's how to save now!

Health care reform was signed into law a year ago but much of it goes…

By keithmendonsa

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: , ,
Over the course of the past decade Tyler Perry has dominated. His stage plays, motion pictures, DVDs, sitcom series, online talk show and book, based on commentaries from his popular character of Madea, have collectively grossed hundreds of millions of dollars. As the most commercially successful Black filmmaker in history, Perry is quickly making his way to billionaire status not by following the rules but by breaking them. Staying true to his core audience and pushing his message of family values, the media mogul has a lock on a lucrative slice of the African American market. Whether you love him or you hate him, you definitely can’t ignore him. If there’s still any doubt, here are a few reminders of Perry’s influence.

Tyler Perry Decoded: The Deals, the Brand, the Influence

A breakdown of the media mogul's empire and reach by the numbers

A breakdown of the media mogul’s empire and reach by the numbers

By Darralynn Hutson

Posted: Tags: , , , , , , , , , , , , , , , , , ,
Taxes-620x480

10 Ways to Save Money on Your Tax Return

It's that time of year. Here's how to prepare and save!

It’s that time of year. Here’s how to prepare and save!

By John Simons

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: ,
stk162061rke

Top 10 Myths about Saving for College

See the myths and learn the facts about how the 529 plan can help you save for college

Stompin the Yard (Image: Thinkstock)
On average, the cost of college doubles every nine years according…

By LaToya M. Smith

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: , , , , ,
black-woman-patient-healthcare-231x300

Every Adult Needs a Living Will. Here’s How to Draft One.

When it comes to your healthcare, better smart than sorry

Every adult 21 and older should have a living will, but studies suggest African Americans…

By Elayne Fluker

Posted:
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:
Spring is here and wedding season is fast approaching. If you’re getting married in the near future, but dread shelling out tons of cash for an overpriced wedding dress, don’t worry. You still have plenty of reasonably priced options. We've rounded up a few, some of which might surprise you. Happy shopping!

Love & Money: 5 Wedding Dress Deals

Don't blow your budget. Fall in love with the perfect dress—at the perfect price!

Don’t blow your budget. Fall in love with the perfect dress—at the perfect price!

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , , , , , ,
We all could use more ways to save money. And why not conserve the earth while doing it? Here are a few ways you can conserve energy -- and cut expenses -- by being eco-friendly.

How To Make Sure Portfolio Managers ‘Eat Their Own Cooking’

Trusting a financial advisor who doesn't follow their own advice is a recipe for disaster

I like to know that the people guiding a particular mutual fund’s investments–the portfolio managers–have…

By John Simons

Posted: Tags: , , , , , ,
Rally-300x232

The Stock Market Rally Lives On. But Can It Continue?

Today marks the two-year anniversary of the stock market rally; is good or bad news ahead?

Today marks the two-year anniversary of the stock market rally; is good or bad news…

By John Simons

Posted: Tags: , , , , , , , ,
Stock-tips-300x232

5 Steps to Improving the Investment Options in Your Employer’s 401(k) Plan

Here's how to get your employer to explore more 401(k) options

Here’s how to get your employer to explore more 401(k) options

By Renita Burns

Posted: Tags: , , , ,
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: , , , ,
happy-couple-300x232

Love & Money: 10 Ways Economics Can Improve Your Marriage

Authors reveal how common economic strategies can be applied to a couple’s lifelong union

Authors reveal how common economic strategies can be applied to a couple’s lifelong union

By Janel Martinez

Posted: Tags: , , , , , , , , , , , , , , ,
Image: ThinkStock

Rent or Buy? In Which Cities Is It Better to Own or Pay a Landlord?

Miami, Phoenix, Las Vegas top picks for planting homeownership roots

Miami, Phoenix, Las Vegas top picks for planting homeownership roots

By BlackEnterprise.com

Posted: Tags: , , , , , ,
Janette Jones (Photo: Kevin Allen)

The Lowdown on Payroll Cards

When Janette Jones took a long-term contract position with a consulting firm in 2009, she…

By Tamara E. Holmes

Posted: Tags: , , , , ,
free-shipping

Websites That Save You Money

Buzzillions features consumer reviews of a wide range of products. You can get helpful feedback…

By Sheiresa Ngo

Posted: Tags: , , , , ,
Jennifer Norman [Photo: Rayon Richards]

A New Financial Game Plan

While overcoming a debt setback, Jennifer Norman is on the right track to reducing her taxes and maximizing her investments

Norman’s debt struggles are typical of many young college graduates. The misuse of credit cards…

By Carolyn M. Brown

Posted: Tags: , , , , , , ,
The Johnsons [Photo: Zave Smith]

Thrifty Family Living

Terry and Tyra Johnson stick to a few simple practices to cut expenses and save more money

One of the first big changes Terry made: “We used to get large tax refunds…

By Glenn Townes

Posted: Tags: , , , , ,
wintercoat

What to Buy in March

If you’re looking for savings on food and clothing, March is your month.

By Sheiresa Ngo

Posted: Tags: , , , ,
Twitter-Bird

Twitter for Your Finances

Make connections while growing your money

Twitter is much more than a communication tool to get updates from your favorite celebrities.…

By Sheiresa Ngo

Posted: Tags: , ,
The Seals' (Photo: Lonnie C. Major)

How to Rebound From Foreclosure

A guide to financial (and emotional) recovery

It’s no mystery to blacks living in middle-class enclaves such as suburban Atlanta, parts of…

By John Simons

Posted: Tags: , , , ,
Natalie McNeal (Photo: Michael McElroy)

Digital Tools with Huge Returns

black enterprise reviews the top online and mobile tools for savvy investors

Back in 2008, Natalie P. McNeal gave up some of her favorite luxuries. For a…

By Renita Burns

Posted: Tags: , , ,

What to Buy in February

Timing your purchases can help you snag a great deal and save a ton of…

By Sheiresa Ngo

Posted: Tags: , , ,
02MONEY-EricGrant

Thinking In Threes

Eric Grant recommends a trio of funds that can work well in any portfolio

When helping clients configure their retirement portfolios, Eric Grant often likes to suggest mutual funds…

By John Simons

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: , , , ,

Keep Track of Recalls

A new way to keep you and your loved ones safe

Hearing about a product recall on television weeks after the product has been declared unsafe…

By Sheiresa Ngo

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: , , , , ,
customer_is_always_right

You the Consumer Have the Power

Black Enterprise's President/CEO reminds consumers of their financial power and right to great customer service

For decades, African Americans have been hit with what has been called the “Black tax.”…

By Earl "Butch" Graves Jr.

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: , ,
All Images: GettyThe recent trade of NBA All-Star Carmelo Anthony from the Denver Nuggets to the New York Knicks has dominated sports discussion and headlines since the moment it happened. Fans of the Knicks are ecstatic that their once proud franchise can now officially return to relevance. Lost in the uproar, however, is the potential economic surge this trade will likely have. Not just for Anthony, who signed a three-year $65 million contract extension as part of the deal, but for the NYC area as well. Former NBA player and now TNT analyst Kenny Smith shares a few of the ways that Anthony�s Big Apple acquisition can change the financial stakes for him, his new team and business owners in the entire tri-state area. —Khalid Salaam

Carmelo Anthony Decoded: The Economics of the Trade

The NBA all-star wasn't the only one to get a big payday signing with the Knicks, small businesses were impacted as well

The recent trade of NBA All-Star Carmelo Anthony from the Denver Nuggets to the New…

By Khalid Salaam

Posted: Tags: , , , , , , , , , , , , , , , , , ,
America Saves Week, but it's our mission to tell you how to save more of your money all year round.  Improving your savings habits takes discipline and effort. Here are a few tips to help you get started.--Sheiresa Ngo

Save More of Your Money!

Simple steps to help you stash more cash

Last week was America Saves Week, but it’s our mission to tell you how to…

By BLACK ENTERPRISE

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: , , , , , , , , , ,

Love & Money: Are You Legally Responsible for Your Stepchildren?

You might be surprised about what you can and cant do.

If you’ve gotten married recently and your new love has kids, congratulations—you’re a step parent!…

By Sheiresa Ngo

Posted: Tags: , , , , ,

5 Financial Pitfalls to Avoid When You Come into New Money

Music producer Chuck Harmony shares advice on how to handle success the fiscally smart way

Over the years, producer <strong>Chuck Harmony</strong> has worked with everyone from <strong>Celine Dion</strong> (“I Got…

By Anslem Samuel

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

Rent or Buy? In Which Cities Is It Better to Own or Pay a Landlord?

Miami, Phoenix, Las Vegas top picks for planting homeownership roots

A breakdown of areas where its either smarter to rent a home or own one.

By BLACK ENTERPRISE

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: , , ,
Lexus goes hybrid with the 2011 CT200 (Source: Press)

Minorities Don’t Drive Green: 4 Ways Obama Can Change That

Despite the President's push to get more electric cars on the roads, many in the Black community remain resistant to change

In President Obama’s recent State of the Union Address, he called on the car industry…

By Jeff Fortson

Posted: Tags: , , , , , , , , , , ,
77006236

Washington Report: Dems and GOP Fight Over Funding; Black Farmers Still Seek Relief; SBA Helps with Refinancing

BLACK ENTERPRISE Washington Correspondent Joyce Jones reports on the latest news from the White House…

By Derek T. Dingle

Posted: Tags: , , , , , , , , , , , , , , ,
Happy-businesswoman

12 Things Every Entrepreneur Needs to Succeed in Marketing

Tina Wells continues dishing out invaluable advice with this 12-step program to a better business strategy

<ul> <li><em>(All Images: Thinkstock)</em></li> </ul> If you’ve taken a marketing class—whether it was at the…

By Tina Wells

Posted: Tags: , , , , , , , , , , , ,
He put a ring on it, but for how long? (Image: Thinkstock)

Love & Money: Is It Really Cheaper to Keep Her?

Before going through a costly divorce be sure to weigh the pros and cons of making it work vs. making a run for it

With the average divorce proceedings in the U.S. lasting about a year and lawyer’s fees…

By Anslem Samuel

Posted: Tags: , , , , , , , , , , , , , , ,
Budget cuts

Why Democrats and Republicans Hate Obama’s New Budget

While both sides argue over new proposal, African-Americans brace for "negative effect" of spending cuts

President Obama delivered his 2012 budget proposal to Congress this week, citing it will reduce…

By Joyce Jones

Posted: Tags: , , , , , , , , , , , , , , ,
LisaRaye McCoy-240x232

WATCH: LisaRaye McCoy Opens Up about Love, Marriage and Money

The 'Single Ladies' star on lessons learned and how to move forward after a tough divorce

After what was a highly-publicized and drama filled divorce, actress and former First Lady of…

By Kenya N. Byrd

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: , , , , ,

Love & Money: Online Dating Financial Scams

Dont let your search for love ruin your finances.

Valentine’s Day is quickly approaching. If Cupid hasn’t been returning your texts, it might be…

By Sheiresa Ngo

Posted: Tags: , , , , , , , , , , , , , ,
Most may view Nicki Minaj as just another rapper/singer/performer; but the multi-faceted entertainer is much more than that, she’s a bankable brand that’s only just begun to blossom. In a few short years, Nicki has influenced trends through her music and unmistakable fashion sense, and her involvement in cosmetics, television, hair and even the floral industry (Nicki has exclusive pink collection bouquets available on flowers.com for Valentine’s Day) has helped spike sales and visibility for a number of ancillary brands. Whether her detractors like it or not, Ms. Minaj is a one-woman marketing guru. BlackEnterprise.com takes a look at some of the brands the young starlet has—directly or indirectly—helped bolster by association. —Andreas Hale (Images: Getty)

Nicki Minaj’s Branding Power Decoded

More than just an artist, the rap phenom has built a bankable brand in a few short years that businesses are buying into

Most may view <strong>Nicki Minaj</strong> as just another rapper/singer/performer; but the multi-faceted entertainer is much…

By Andreas Hale

Posted: Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,
If you want to show some love to your main squeeze, but the economy has put a serious hurtin’ on your wallet, we’ve got good news. You can demonstrate your affection without blowing your budget. Here are five ways to save money on romantic gifts. —Sheiresa Ngo (Image: Siri Stafford)

Love & Money Buying Guide

Showing your affection on special occasions doesn't have to burn a hole in your pocket

If you want to show some love to your main squeeze, but the economy has…

By Sheiresa Ngo

Posted: Tags: , , , , , , ,
Got-Prenupt

Love & Money: How to Bring up a Prenup

Although not pleasant, prenuptial agreements are necessary for some. Here's how to (gently) address the touchy subject

For some couples, the topic of prenuptial agreements can be uncomfortable. Some view prenuptial agreements…

By Sheiresa Ngo

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: , , , , , , , , , , , , , , , , ,

“Frugal Fatigue” Sweeps The Nation

Why are so many Americans dissatisfied with having to live a financially prudent lifestyle?

Some two-thirds of Americans now claim to have “frugal fatigue” according to a January 2011…

By John Simons

Posted:

Women of Power

(Image: ColoredGirlConfidential.com)

Quality Connections: How to Use Social Media to Advance Your Professional Brand

Black Enterprise Women of Power Summit panelist LC Johnson teaches women how to brand themselves…

Read More »
(Image: File)

Legacy Award Honoree: How Charlayne Hunter-Gault Helped Desegregate Schools

Legacy Award recipient and journalist Charlayne Hunter-Gault was one of the first blacks to desegregate…

Read More »