November 25, 2014 6:47 PM • Log InREGISTER
HOT TOPICS:
Could You Have a Money Disorder? How to Keep Up With Product Recalls What You Should Know Before Settling Credit Card Debt Don’t Let Your Gift Cards Go to Waste Media Savvy Get Ready for Your Annual Insurance Checkup Do the REIT Thing How to Navigate Stricter Home Buying Guidelines How to Roll a 401k Into a Business Retirement Fund Watch: CNN Tackles Almighty Debt on ‘Black in America’ Four Reasons Midterm Elections Matter Four Behaviors That Could Destroy Your Finances Kicking Bad Money Habits Is Owning Your Own Home Still Ideal? Tools to Curb Holiday Spending 5 Ways to Save Money in a Divorce Why Financial Fitness Isn’t Just About Getting Married 6 Ways Your Taxes Could Increase in 2011 POLL: What Age is Too Young to Have a Job? Lil Wayne’s Young Money to Debut Prepaid Credit Card 5 Personal Finance Books for Couples Shopping Insider: Shopping While Black How to Fight Medical Billing Errors Economista: 5 Strategies for Getting College Scholarships Love & Money: Managing Debt as a Couple Attacking Student Loan Debt There’s No Place Like (A New) Home Tax Insider: New Rules for Flexible Spending Accounts Money Expert Q&A: How to Have Perfect Credit Dealing With Debt: 12 Signs That It’s Time to Get Help What To Do About An Underwater Mortgage Shopping Insider: Stick To a List to Save Time And Money Economista: Why Micro-lenders Will Replace Sallie Mae Love & Money: 6 Ways to Stop Fighting About Money Investment Clubhouse: 4 Things Every Investor Should Consider Managing Credit: How to Prove You’re Not Dead Shopping Insider: Don’t Let Your Gift Cards Go to Waste Retiring Rich: How to Build a Nest Egg With Your Spouse Economista: Micro-loans for College Students? Tax Insider: Working Kids Pay Taxes, Too Money Expert Q&A: When Stores Cancel Your Line of Credit Shopping Insider: What to Know Before Spending for Charity Investment Banker Predicts Double-Dip Recession The Single Life: Getting Your Finances in Order After Divorce Kids & Money: Dollar Savvy Apps for Kids Love & Money: Guarding Against a Spendthrift Spouse Economista: The Poor Man’s Savings Club 8 Personal Finance Tips for Young Adults Retiring Rich: Asset Allocation 101 Shopping Insider: Online Labor Day Deals Real Estate Insider: 4 Things to Know About Reverse Mortgages Money Basics: How to Begin Investing 5 Things You Should Know If Your Bank Fails Tech Insider: Moving From Quicken Online to Mint.com Love & Money: Achieving Financial Intimacy Tax Insider: Tax Tips for the Unemployed, Part 2 Investment Clubhouse: 3 Tips for Investing in REITs Dealing With Debt: 5 Reasons You’re Headed for Financial Ruin Managing Credit: Keeping Students Out of Credit Trouble Shopping Insider: Are You Addicted to Spending? Nonprofit Insider: 4 Steps to Fundraising for Your Nonprofit Retiring Rich: Too Young to Think about Retirement? NOT! Life After Death Money Basics: How to Handle a Bank Error Kids & Money: Grow Money Fast with Compound Interest The Single Life: Why You Need An Estate Plan Budgeting Insider: 5 Ways to Trim Your Budget Love & Money: How to Merge Finances with Your Spouse Economista: 5 Secrets to Getting Free Phone Service Tax Insider: Tax Tips for the Unemployed, Part 1 Money Expert Q&A: A Financial Fast to Curb Unnecessary Spending Investment Clubhouse: Dos & Don’ts For Starting a Club Dealing With Debt: What to Do When Creditors Attach Managing Credit: 4 Ways Bad Credit Can Hurt Your Career Home Base: A 401(k) Option for the Self-Employed Shopping Insider: 5 Web Sources for Back-to-School Deals Retiring Rich: Are You Ready for More Transparency in Your 401(k) Fees? The Black Enterprise Wealth For Life Principles The Single Life: Money Basics for Parents Raising Kids Alone Using Wealth For Life As A Way of Life Kids & Money: Paying for College and The Myth of Financial Independence Love & Money: 6 Important Questions to Ask Your Honey Money Expert Q&A: Replenish Savings with Life Insurance Tax Insider: College Tax Breaks Managing Credit: Understanding Your Utilization Ratio Dealing With Debt: More Ways to Finance Your Education Retiring Rich: Understanding the Roth 401k Money Basics: 5 Keys to Wealth POLL: What Would You Do If B.E. Gave You $2,000? Economista: How to Pay for Grad School Love & Money: Divorce Insurance? Really? Budgeting Insider: Style Savvy on a Shoestring Salary Managing Credit: 3 Ways Overdraft Fees Will Still Haunt You Why Black Enterprise Gave Away A Quarter Million Dollars Kids & Money: How to Put Stocks in Your Child’s Name Fight Medical Billing Errors Women are Taking Control of Their Finances You Lost Your Wallet. Now What? Introduction to Stocks What the Future Holds for Consumers Building Wealth Requires Do-it-Yourself Investing Teach Them Well What Does Financial Reform Have To Do With Me? African American Investors are Down, but Not Out Financial Reform Bill: It’s About Time Eyes on the Prize 10 Reasons You’re Still Broke How to Calculate Your Life Insurance Needs 5 Money Quotes to Live By No. 40: Eddie Brown, The Master of Mutual Funds Senate Overwhelmingly Approves Consumer Protection Bill Consumer Protection vs. Financial Misdirection POLL: Financial Reform Legislation, Unemployment Benefits Best Money Sites for Young People Cutting Edge: The Science of Booking Last-Minute Flights Learning the ABCs of CDs LeBron James: Income Tax Genius? Are You Tired of Living Cheap? Numbers That Can Make or Break Your Personal Finances Help! I Can’t Open a Checking Account! The First African-focused Mutual Fund 10 Questions to Ask a Debt Settlement Company Get Schooled on the Different Types of Investments Unemployment Rate for Blacks Inched Lower in June Economista: Alternative Ways to Pay For College Eight Tips For the Suddenly Wealthy What You Should Know Before Settling Credit Card Debt Should You Get a Three-Year College Degree? What Kids Should Know About Money—and When How to Combat New Banking Fees 4 Steps the King of Pop Took to Secure His Financial Legacy Free Ways to Monitor Your Credit Foreclosing as a Financial Strategy Cutting Edge: Zip Car’s Going Public. Should I Buy? Administration Approves $1.5 Billion in Aid for Homeowners On Standby: New Airline Passenger Rules Investing 101: How to Pick a Financial Advisor What Fannie’s and Freddie’s Delisting Means for Investors, Homeowners Billions in Wealth Lost Since Foreclosure Crisis Began How to Calculate Your Net Worth Investing 101: Which Method Will You Use to Invest? Ask Your Advocate: Can I Be Taxed On a Canceled Debt? Money Matters: Do I Need This Type of Insurance? News You Can Use Free Your Mind Research Stocks Like a Wall Street Professional Investing In Education You Better Shop Around Find the Best Summer Travel Deals for Your Family Investing 101: How to Create the Perfect Financial Plan

Money

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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How to Keep Up With Product Recalls

A couple of government agencies can help

I’m expecting my first child and preparing to buy things she’ll need like a stroller…

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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Don’t Let Your Gift Cards Go to Waste

Exchange websites and new federal rules make them easier to manage

As the holidays approach, many well-meaning relatives will be doling out gift cards—often because they…

By Shandra Hill Smith

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11MW-Amobi

Media Savvy

Tuna Amobi believes investors should tune in to three of the entertainment sector�s largest companies

Tuna Amobi, senior analyst at Standard & Poor’s Equity Research, doesn’t like to mince words…

By John Simons

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Get Ready for Your Annual Insurance Checkup

Why you should review your policies and coverage every year

No one really enjoys shopping for insurance. So, for most people, once the task is…

By Bridget McCrea

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11MW-Long1a

Do the REIT Thing

Why some investment advisers are recommending real estate investment trusts now

If you’re looking to diversify your portfolio, a real estate investment trust, or REIT, is…

By John Simons

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How to Navigate Stricter Home Buying Guidelines

5 tips to help you be prepared before closing

Now that credit guidelines are stricter for potential home buyers, some may be wondering how…

By Robin White Goode

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How to Roll a 401k Into a Business Retirement Fund

There are several options

If I leave my job and start my own business, can I create a company…

By John Simons

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SoledadObrien

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

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

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

By BLACK ENTERPRISE

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BlackVoters

Four Reasons Midterm Elections Matter

Lawmakers, political analysts warn that changing of the guard will hurt most African Americans

Voter turnout for midterm elections tends to be anemic compared to presidential contests. In 2006,…

By Joyce Jones

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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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11WFL-Martin1b

Kicking Bad Money Habits

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

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

By Carolyn M. Brown

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Is Owning Your Own Home Still Ideal?

In some cities it is actually cheaper to rent

Economic conditions may be driving more Americans to choose tenancy over the American dream of…

By Black Enterprise

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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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5 Ways to Save Money in a Divorce

Getting divorced doesnt mean going broke

Divorce isn’t something that anyone hopes for but life happens. Here are five cost-cutting moves…

By Sheiresa Ngo

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shutterstock_47817154

Why Financial Fitness Isn’t Just About Getting Married

Honest, open communication--not finger-pointing--is vital in a happy relationship

Let’s take the strategic steps in striving to improve and build a clear path toward…

By Janell Hazelwood

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6 Ways Your Taxes Could Increase in 2011

What to expect if the Bush Tax Cuts expire

If the Bush Tax Cuts expire, the child tax credit will be reduced and capital…

By Marcia Wade Talbert

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POLL: What Age is Too Young to Have a Job?

Or is it never too early to learn how to manage money?

A morning talk show posed an interesting question last week and Black Enterprise was wondering…

By BLACK ENTERPRISE

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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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Living in a committed relationship without the benefit of marriage creates unique challenges for financial planning.

5 Personal Finance Books for Couples

Gain wisdom and intimacy while building riches.

Gain wisdom and intimacy while building riches.

By Sheiresa Ngo

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Shopping Insider: Shopping While Black

How to get the best steals and deals, for people who take their shopping seriously

I’m sure it has happened to you. You’re shopping in a store, minding your own…

By Sheiresa Ngo

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10SS-BBrowning

How to Fight Medical Billing Errors

Looking closely at your bills could save you thousands

When Beverly Browning of Mesa, Arizona, got the results of her breast biopsy in 2003,…

By Tamara E. Holmes

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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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10WFL-Mitchell1a

Attacking Student Loan Debt

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

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

By Carolyn M. Brown

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10WFL-Henry1a

There’s No Place Like (A New) Home

Doliviera and Angela Henry take advantage of a nonprofit program to buy their first home

“We had to start building a future for ourselves, for our children, and that starts…

By LaToya M. Smith

Posted:

Tax Insider: New Rules for Flexible Spending Accounts

Advice and information about tax news and rules for individuals and businesses

With open enrollment right around the corner, employees should know that recent legislation could affect…

By Marcia Wade Talbert

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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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Shopping Insider: Stick To a List to Save Time And Money

How to get the best steals and deals, for people who take their shopping seriously

Shopping isn’t always fun. The reality is, shopping for items such as groceries or school…

By Sheiresa Ngo

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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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Love & Money: 6 Ways to Stop Fighting About Money

Your guide to managing matters of finance and romance

Love can be grand until the arguments begin. And more often than not, it’s about…

By Sheiresa Ngo

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coins_invstclub

Investment Clubhouse: 4 Things Every Investor Should Consider

Advice, resources, and information for investment clubs and their members

Before joining an investment club, here is what you need to take into consideration.

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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Shopping Insider: Don’t Let Your Gift Cards Go to Waste

How to get the best steals and deals, for people who take their shopping seriously

As the holidays approach, many well-meaning relatives will be doling out gift cards—often because they…

By Shandra Hill Smith

Posted: Tags: , , , ,

Retiring Rich: How to Build a Nest Egg With Your Spouse

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Planning for retirement is crucial at every point of your life, and that planning changes…

By Renita Burns

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Economista: Micro-loans for College Students?

How social loans are becoming a viable source for student borrowers

Companies have been springing up offering a micro lending model to student loans which aims…

By Renita Burns

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Tax Insider: Working Kids Pay Taxes, Too

Advice and information about tax news and rules for individuals and businesses.

My 10-year-old son sets up a weekend lemonade stand at the local baseball field, where…

By John Simons

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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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Shopping Insider: What to Know Before Spending for Charity

How to get the best steals and deals for people who take shopping seriously

Throughout the year, you’ll see products in stores with various ribbons and logos on them,…

By Sheiresa Ngo

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Investment Banker Predicts Double-Dip Recession

The short term future of our economy isn't so bright

Negative news from the housing market and the employment front, along with a stagnant U.S.…

By Alan Hughes

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The Single Life: Getting Your Finances in Order After Divorce

Solutions for managing business, finance, and professional issues

Tisdale offers advice for the newly single.
Divorce can be a drain on not only your…

By Janell Hazelwood

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Kids & Money: Dollar Savvy Apps for Kids

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

Whether you’re on an Apple, Droid or RIM operating system, more and more companies are…

By Renita Burns

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Love & Money: Guarding Against a Spendthrift Spouse

Your guide to managing matters of finance and romance

When it comes to romantic relationships, opposites often attract. Unfortunately, that can also true when…

By Sheiresa Ngo

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Economista: The Poor Man’s Savings Club

Is a sou-sou right for you? Here are the pros and cons.

Here are a few pros and cons when it comes to joining a sou-sou.

By Renita Burns

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8 Personal Finance Tips for Young Adults

The basic concepts you need to embrace in order to take charge of your financial future

Young adults—in high school or college and just starting a career or a family—have plenty…

By BLACK ENTERPRISE

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retirement

Retiring Rich: Asset Allocation 101

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Asset allocation or balancing risk and reward based on your retirement timeline is important to…

By LaToya M. Smith

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Shopping Insider: Online Labor Day Deals

How to get the best steals and deals, for people who take their shopping seriously

The Labor Day holiday is once again upon us. If you plan to take a…

By Sheiresa Ngo

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Real Estate Insider: 4 Things to Know About Reverse Mortgages

Real estate news and advice for individuals and investors

With the number of potential borrowers growing with the aging population, it’s important that homeowners…

By BLACK ENTERPRISE

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shutterstock_48071317

Money Basics: How to Begin Investing

Lessons on the fundamentals of personal finance and money management

John Gannon, senior vice president of The Financial Industry Regulatory Authority(FINRA)’s Office of Education, offers…

By Janell Hazelwood

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5 Things You Should Know If Your Bank Fails

2010 may bring more bank collapses than last year. Here's how to protect your money

Through June of this year, 118 banks have failed—and have been taken over by the…

By John Simons

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Tech Insider: Moving From Quicken Online to Mint.com

Technology news, reviews, tips, and advice for professionals and small businesses

Quicken is gone. Intuit shut it down this week. What does that mean for you?…

By Marcia Wade Talbert

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Love & Money: Achieving Financial Intimacy

Your guide to managing matters of finance and romance

It has often been reported that financial discord is one of the top reasons for…

By Sheiresa Ngo

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Tax Insider: Tax Tips for the Unemployed, Part 2

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you’re unemployed tax credits can help reduce the taxes you owe and put more…

By Marcia Wade Talbert

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reit

Investment Clubhouse: 3 Tips for Investing in REITs

Advice, resources, and information for investment clubs and their members

Financial adviser Chris Long offers three tips for investing in a REIT index fund.

By Renita Burns

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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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Shopping Insider: Are You Addicted to Spending?

How to get the best steals and deals, for people who take their shopping seriously

Do you like to shop a little too much? Occasionally treating yourself to something…

By Sheiresa Ngo

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Jackson says the key to fundraising is getting an early start

Nonprofit Insider: 4 Steps to Fundraising for Your Nonprofit

Information and resources for starting and growing your nonprofit

Samuel T. Jackson, founder and CEO of the Economic Empowerment Initiative, provides these four tips…

By Marcia Wade Talbert

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Retiring Rich: Too Young to Think about Retirement? NOT!

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Taking advantage of your 401(k) plan now will reap rewards in the future.

By LaToya M. Smith

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09WFL-Millhouse1c

Life After Death

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

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

By Carolyn M. Brown

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Money Basics: How to Handle a Bank Error

Lessons on the fundamentals of personal finance and money management

A bank error can take days, sometimes weeks, to resolve. Here are the steps you…

By Sheiresa Ngo

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kids and money

Kids & Money: Grow Money Fast with Compound Interest

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

Here’s a quick and easy compound interest exercise you can perform everyday for one week…

By Renita Burns

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The Single Life: Why You Need An Estate Plan

Solutions for managing business, finance, and professional issues

Estate plans are important for single people, too. Here are the basics of setting up…

By Janell Hazelwood

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Budgeting Insider: 5 Ways to Trim Your Budget

Your guide to managing every day finances

Times are tough. The economy is still on the rocks, and your financial life has…

By Sheiresa Ngo

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Love & Money: How to Merge Finances with Your Spouse

Your guide to managing matters of finance and romance

If you’re recently married, at some point you’ll be faced with a big decision: how…

By Sheiresa Ngo

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Economista: 5 Secrets to Getting Free Phone Service

Don't renew your phone contract without negotiating for the best possible deal

Just because a phone provider offers one and two-year-contracts doesn’t mean you can’t ask for…

By Renita Burns

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Tax Insider: Tax Tips for the Unemployed, Part 1

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

You can’t wish your taxes away just because you’re unemployed. Here are three steps to…

By Marcia Wade Talbert

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Money Expert Q&A: A Financial Fast to Curb Unnecessary Spending

Insider tips on how to build and manage wealth

Money expert and author Michelle Singletary talks about how to approach a financial fast to…

By Janell Hazelwood

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Investment Clubhouse: Dos & Don’ts For Starting a Club

Advice, resources and information for investment clubs and their members

If part of your wealth creation strategy includes forming an investment club, here are a…

By Renita Burns

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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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Home Base: A 401(k) Option for the Self-Employed

Information and resources especially for home-based business owners

Sole proprietors and owners of owners of home-base businesses are less likely to own IRAs…

By Renita Burns

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Shopping Insider: 5 Web Sources for Back-to-School Deals

How to get the best steals and deals, for people who take their shopping seriously

Summer will soon be coming to a close. It’s almost time to stay up late…

By Sheiresa Ngo

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Retiring Rich: Are You Ready for More Transparency in Your 401(k) Fees?

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Beginning July 16, 2011, the Department of Labor will require plan providers to disclose fees…

By Patricia Stallworth

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wealth-logo-v1

The Black Enterprise Wealth For Life Principles

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

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

By BLACK ENTERPRISE

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The Single Life: Money Basics for Parents Raising Kids Alone

Solutions for managing business, finance, and professional issues

Whether it’s a baby requiring diapers, formula, and frequent doctor visits or a teen who’s…

By Janell Hazelwood

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saving

Using Wealth For Life As A Way of Life

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

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

By Derek T. Dingle

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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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Love & Money: 6 Important Questions to Ask Your Honey

Your guide to managing matters of finance and romance

Here are six money management questions you should ask a love interest before committing.

By Sheiresa Ngo

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Money Expert Q&A: Replenish Savings with Life Insurance

Insider tips on how to build and manage wealth

You can use life insurance to supplement retirement income, grow your retirement reserves, and replenish…

By Marcia Wade Talbert

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Tax Insider: College Tax Breaks

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you or someone in your household is taking college courses, you know how expensive…

By Sheiresa Ngo

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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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Retiring Rich: Understanding the Roth 401k

Advice, tips and strategies you can use now to ensure a secure retirement in the future

BlackEnterprise.com sat down with personal finance expert Eric Tyson to discuss the pros and cons…

By Renita Burns

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Money Basics: 5 Keys to Wealth

Lessons on the fundamentals of personal finance and money management

I recently attended a Rich Dad, Poor Dad wealth building seminar held by author Robert…

By Sheiresa Ngo

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FITNESTCONTEST_HERO2

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

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

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

By Derek T. Dingle

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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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Love & Money: Divorce Insurance? Really?

Your guide to managing matters of finance and romance

One company, North Carolina-based SafeGuard Guaranty Corp., has a solution to the end of a…

By Sheiresa Ngo

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Budgeting Insider: Style Savvy on a Shoestring Salary

Your guide to managing everyday finances

What better way to feed a love for fashion—without eating up your finances–than by incorporating…

By Janell Hazelwood

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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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Kids & Money: How to Put Stocks in Your Child’s Name

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

Since opening a brokerage account is out of the question for your minor opening a…

By Renita Burns

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The American Medical Association announced in June that 20% of medical claims are processed inaccurately by health insurers. Medical billing advocates say the number is even higher.

Fight Medical Billing Errors

Failure to look at bills closely could cost you thousands. Here's how to protect yourself.

When Beverly Browning of Mesa, Arizona, checked into a hospital for a biopsy in 2003,…

By Tamara E. Holmes

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Women are Taking Control of Their Finances

Women are handling their business when it comes to household money management

I recently attended a seminar on women and money. The seminar, moderated by personal finance…

By Sheiresa Ngo

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You Lost Your Wallet. Now What?

Here are a few things you need to do immediately

Losing your wallet is like losing a piece of yourself. Accompanying the panic that you’ll…

By Sheiresa Ngo

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Introduction to Stocks

Prepare yourself for the cyclical nature of the stock market

Before you invest, take some time to understand all of your options beginning with the…

By Patricia Stallworth

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What the Future Holds for Consumers

In 40 years, �the customer is always right� will be more than a catchphrase

I remember how excited my husband and I were when we first ordered groceries online.…

By Sheiresa Ngo

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Building Wealth Requires Do-it-Yourself Investing

Increasingly, we must all fend for ourselves when it comes to living comfortably in our golden years

This year, my 6-year-old daughter, Ella, learned how to count money. I burst with…

By John Simons

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Teach Them Well

Why nowmore than everits important to communicate financial lessons to your children

Last summer, 16-year-old Calvin O’Neal worked for the New York City Summer Youth Employment program…

By Robin White Goode

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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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Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

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Financial Reform Bill: It’s About Time

These changes should have already been in place

I’ve been doing some soul-searching in the hours since President Obama signed the Dodd-Frank Wall…

By John Simons

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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 Reasons You’re Still Broke

Does it seem like there's a perpetual hole in your pocket? Here's why.

I often hear people say, “I have a steady job, so why am I still…

By Sheiresa Ngo

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How to Calculate Your Life Insurance Needs

Use this handy guide to determine how much coverage is right for you

If anything were to happen to you, what would your family need financially to continue…

By Marcia Wade Talbert

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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.

5 Money Quotes to Live By

Heed these words and enrich your financial life

Life is often a bit easier when you receive a word of wisdom to guide…

By Sheiresa Ngo

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No. 40: Eddie Brown, The Master of Mutual Funds

Follow the Black Enterprise 40th Anniversary countdown of the most impactful black business leaders of the past 40 years

In celebration of our 40th anniversary, Black Enterprise ranks the Titans: The 40 Most Powerful…

By Derek T. Dingle

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Senate Overwhelmingly Approves Consumer Protection Bill

Legislation will protect blacks from discriminatory financial practices

The Senate voted Thursday to pass a Wall Street reform bill, which includes major reforms…

By Joyce Jones

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Consumer Protection vs. Financial Misdirection

Congress pushes banking reform but balks on unemployment benefits. Here�s what you should do.

There’s been a quite a stir in Washington these days. Depending on your status, the…

By Derek T. Dingle

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POLL: Financial Reform Legislation, Unemployment Benefits

Will your money be protected? Will unemployment benefits hurt us?

Today, on the Warren Ballentine Show, Black Enterprise Editor-in-Chief Derek T. Dingle, discussed the…

By BlackEnterprise.com

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The hardest part about being young and trying to navigate the sometimes confusing maze of personal finance is finding the right resources. While there are plenty of helpful books and Websites available, the hardest part is finding them. Check out these money sites that are sure to help Gen Y-ers get a handle on their finances.

Best Money Sites for Young People

Use these Web tools to help you save and budget

While there are plenty of helpful books and Websites available, the hardest part is finding…

By Renita Burns

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Cutting Edge: The Science of Booking Last-Minute Flights

It�s good to wait, but not too late

When looking for cheap flights, when is too late, well, too late?

By Renita Burns

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Learning the ABCs of CDs

Not all certificates of deposit are created equal

Most people tend to think of CDs as simple investments but they can get complicated.…

By Patricia Stallworth

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LeBron James: Income Tax Genius?

Florida has no state income tax. See what James would have paid in New York, Chicago, or Cleveland.

With all the hysteria surrounding “The Decision” that was LeBron James’ choice to leave Cleveland…

By Dale Coachman

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Are You Tired of Living Cheap?

Tips on how to prevent extreme frugality from pushing you over the edge

Depressed and worn down by constantly watching your bank account, you might have rebelled by…

By Sheiresa Ngo

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Numbers can impact your life for better or for worse. This is especially true when it comes to your personal finances. Many finance articles quote numbers that answer questions related to your money and how you should handle it. For example, how many months of savings should I have? How long does a bankruptcy stay on my credit report? Well, ask no more. Here’s a list of some of some of the most important numbers you need to know.

Numbers That Can Make or Break Your Personal Finances

Let these numbers help you navigate your financial life

Numbers can impact your life for better or for worse. This is especially true when…

By Sheiresa Ngo

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Help! I Can’t Open a Checking Account!

3 ways to get your check-writing privileges restored

If you’ve been reported to a consumer checking history database such as ChexSystems, you won’t…

By Sheiresa Ngo

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The First African-focused Mutual Fund

Larry Seruma creates the first actively managed mutual fund focusing exclusively on the motherland

By now, nearly every American investor knows about the potential opportunities in the emerging markets…

By John Simons

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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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Get Schooled on the Different Types of Investments

Take time to understand your options -- and the characteristics of each

Before you invest, take some time to understand all of your options beginning with the…

By Patricia Stallworth

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Unemployment Rate for Blacks Inched Lower in June

Payrolls drop by 125,000, reflecting loss of jobs for Census workers

The unemployment rate for African Americans inched slightly lower to 15.4% in June from 15.5%…

By Deborah Creighton Skinner

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Economista: Alternative Ways to Pay For College

Can�t get enough scholarship money and balking at students loans? Look no further.

Even after exhausting all the well-known avenues to help pay for college – scholarships, grants,…

By Renita Burns

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Eight Tips For the Suddenly Wealthy

A checklist for managing an unexpected windfall of cash

If you’ve gone from drowning in debt to swimming in loot, these eight tips will…

By Marcia Wade Talbert

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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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Should You Get a Three-Year College Degree?

Tight economy has some schools offering a short-cut to the bachelor�s degree

Spiraling tuition costs have some students balking at the idea of a traditional four-year…

By Renita Burns

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Your high school graduate (age 18) should grasp enough about finance to … --Apply systematic decision making to a long-term goal --Schedule bill payments, write a check, reconcile checking or debit account statements, and monitor statements for accuracy --Explain how a negative credit report can affect a person’s future --Identify appropriate investments for accumulating money for a four-year college education, a wedding, a business startup, a house down payment, and retirement For more information on financial literacy benchmarks, and additional suggestions for money-related home-learning, visit the Credit Union National Association’s “Thrive By Five” Website and the Jump$tart Coalition for Personal Finance Literacy. Look for the full version of this article in the August issue of Black Enterprise.

What Kids Should Know About Money—and When

These benchmarks can be a guide as you share vital lessons with your child

Tips on what your child should know about managing their finances

By Robin White Goode

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How to Combat New Banking Fees

As institutions look for ways to cut losses, you can too

You have options to cut back on banking fees.
I’m sure after reading my earlier post,…

By Sheiresa Ngo

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It’s been one year since the world was rocked by news that the King of Pop, Michael Jackson, had passed away. In that time, much of the reporting about his finances focused on what the pop icon did wrong. For instance, only $70 million of his reported $500 million indebtedness has been paid off, AP reports. However, there are many financial moves Michael Jackson got right. The documentary, Michael Jackson's This is It based on his final concert rehearsal footage, has sold more than 5 million DVDs worldwide and Sony Music, Jackson’s record company grossed $252 million. In fact, his estate has earned more than $250 million alone in the year since he died thanks to attorney John Branca and music executive John McClain, who are building several new streams of income, including sales of a video game and through many licensing agreements. Although Jackson's executors manage millions of dollars, his estate planning requirements aren’t too different from what the average Joe or Jane should be doing. You may not have Jackson’s millions, but estate planning attorney Wynne Whitman, a partner with Schenck, Price, Smith & King L.L.P., and the author of Smart Women Protect their Assets (FT Press; $13.99), recommends four things you can do that Jackson did to ensure that his children and his legacy would be financially secure. (Source: MichaelJackson.com/us).

4 Steps the King of Pop Took to Secure His Financial Legacy

Prior to his death, Michael Jackson made sure his money and his children would be in the right hands

Michael Jackson made a lot of money during his lifetime, but he also accumulated a…

By Marcia Wade Talbert

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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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Foreclosing as a Financial Strategy

It's called strategic defaulting, and more homeowners are doing it

Fannie Mae recently announced that it would penalize borrowers who purposely forego their home loan…

By John Simons

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Cutting Edge: Zip Car’s Going Public. Should I Buy?

How to research an IPO

Though money is a bit tight with student loans, I’m still always on the prowl…

By Renita Burns

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Administration Approves $1.5 Billion in Aid for Homeowners

Fund encourages states to develop less stringent solutions to prevent foreclosure

The U.S. Treasury announced Thursday that it has approved $1.5 billion in Hardest Hit Fund…

By Joyce Jones

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On Standby: New Airline Passenger Rules

These proposed changes might take the frustration out of your next flight

If you’ve ever been bumped from a flight, you know the frustration that comes with…

By Sheiresa Ngo

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Investing 101: How to Pick a Financial Advisor

Choosing the wrong one can be a nightmare�just ask Bernie Madoff�s clients

Working with a financial advisor (consultant or planner) can not only be financially rewarding but…

By Patricia Stallworth

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What Fannie’s and Freddie’s Delisting Means for Investors, Homeowners

Future of government-run mortgage companies is in doubt

With embattled mortgage purchasers Fannie Mae and Freddie Mac announcing plans to delist Wednesday, investors…

By Renita Burns

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Billions in Wealth Lost Since Foreclosure Crisis Began

African American communities to lose $193 billion by 2012

Communities of color have lost billions in wealth since the current foreclosure crisis began, according…

By Deborah Creighton Skinner

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How to Calculate Your Net Worth

3 simple steps for gauging the value of your personal wealth

If you want to get a true gauge of your personal wealth, you need to…

By Renita Burns

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Investing 101: Which Method Will You Use to Invest?

Do you go it alone or use a financial adviser? Your answer will determine your investing plan

Before you get too far along in creating your investment plan, stop and take a…

By Patricia Stallworth

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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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Money Matters: Do I Need This Type of Insurance?

Or was I duped into spending more money than I need to?

Along with monthly mortgage payments, I pay an additional $16 for insurance that will automatically…

By John Simons

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News You Can Use

Boston investment banker Arnett Waters sifts through recent events to locate out-of-favor stock gems.

Arnett Lanse Waters is a bit of a news junkie. His best investment ideas, he…

By John Simons

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Free Your Mind

Its OK to be bullish again, but dont run blindly with the herd

Creating a dependable forecast of the economy is notoriously difficult. Tons of variables connect to…

By Mellody Hobson

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Research Stocks Like a Wall Street Professional

Learn that one special thing the pros look for before making an investment

The key to making good stock-picking decisions is cold, hard research. When you make individual…

By Renita Burns

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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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You Better Shop Around

Four steps to getting the best deal on a home loan

Some 92% of homebuyers finance their purchase with a mortgage, according to the National Association…

By Tara-Nicholle Nelson

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Find the Best Summer Travel Deals for Your Family

Vacations don't have to cost an arm and a leg. Here's how one family saves and still has fun

Summer vacations–whether for families, couples, singles or groups– don’t have to be expensive to be…

By Leslie E. Royal

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Investing 101: How to Create the Perfect Financial Plan

Don't wait. Prioritize your goals and get started now!

A good plan is key to a successful investment program. The basis or foundation of…

By Patricia Stallworth

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Women of Power

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Female Leaders Winning: Bethann Hardison, a Leader in Fashion

Fashion industry leader Bethann Hardison talks her journey to diversify the industry.

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black womna running with suit

United Nations Hosts Women’s Entrepreneurship Day

On Nov. 19, the UN celebrates female entrepreneurs of 144 countries.

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