December 22, 2014 3:33 AM • Log InREGISTER

Money

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

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

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

By Sheiresa Ngo

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Photo by Lonnie C. Major

Nailing It?

Duo looks to make their polish a beauty industry best seller

With just $2,000 from their personal savings, H. Ginger Johnson and Sara “Liz” Pickett have…

By BLACK ENTERPRISE Editors

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In recent years, more states have placed a focus on personal finance education in our nation's schools, but only 13 states require that a personal finance course be taken as a high school graduation requirement according to the National Council on Economic Education. Although that’s up from seven states in 2007, there's still much to be done.  BlackEnterprise.com and Ylisa Sanford Seymour, CFP Senior Financial Advisor at Ameriprise Financial Services Inc., created some tips to help parents instill the value of money in their children and help them grow into fiscally responsible adults.--LaToya Smith

4 Tips for Raising Money-Smart Children

You're never too young to start learning about how to save

In recent years, more states have placed a focus on personal finance education in our…

By LaToya M. Smith

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Skilled orators are savvy marketers by definition. Take for instance, Shawn “Jay-Z” Carter. The rapper-turned-businessman can deem a product cool or passé simply by how he flips it in a verse. But does Jay-Z co-signing a brand in rhyme necessarily equal a boost in its respective sales? Here, BlackEnterprise.com takes a look at some products that have been name-checked by the influential orator over the years, and how they fared in the aftermath. —Alvin Blanco (Images: Getty)

Jay-Z’s Marketing Power Decoded

Some people merely speak things into existence, but the influential music mogul speaks brands into profits

Skilled orators are savvy marketers by definition. Take for instance, <strong>Shawn “Jay-Z” Carter</strong>. The rapper-turned-businessman…

By Alvin Blanco

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The Statute of Limitations on Debt

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

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

By Sheiresa Ngo

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

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

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

By Sheiresa Ngo

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SOTU_obama

Rescuing Communities of Color

The whole world prepares for Obama's first State of the Union Address of 2011 and his plans for our financial recovery

With less than a week before President Obama’s State of the Union Address, political and…

By Derek T. Dingle

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Rev-Jesse-Jackson2

WATCH: Rev. Jesse Jackson Speaks about Wall Street Project

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

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

By Elayne Fluker

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4 Things You Might Not Know About Credit

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

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

By Sheiresa Ngo

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

How to Survive the Holiday Debt Hangover

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

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

By Sheiresa Ngo

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

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

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

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

By Elayne Fluker

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WATCH: How Estate Planning Protects Your Family

The key components you need to put in place

As tough as it is to hear, the reality is that none of us are…

By Elayne Fluker

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

5 Steps to a Richer 2011

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

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

By Alfred Edmond, Jr.

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For more 4/11 coverage, read: 4/11: Green Machines - 11 Eco-Friendly Cars for 2011 4/11: 11 Life-Altering Trends to Watch For in 2011 4/11: Get Your Money Right - Financial advice for 2011

4/11: Leaders of the New School

Schools in session! See why these 11 young, innovative leaders will soar in the new year

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

By Janel Martinez

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Your 2011 Debt Crisis Guide

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

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

By Sheryl Nance-Nash

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Taking Control

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

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

By Carolyn M. Brown

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The Lipscombs (Photo by Kevin Allen)

Paying for the High Cost of Higher Education

Brenda and Mike Lipscomb relocated from New Jersey to Maryland in 2007 for better employment…

By Carolyn M. Brown

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For more holiday tips, read: Holiday Bonuses: A Thing of the Past or on the Comeback? Holiday Entertaining on a Budget  Holiday Gift-Giving Made Easy

‘Tis the Season to ‘Buy Black’

The Anderson family shares tips on how to check "shop at Black-owned businesses"

Blackenterprise.com spoke with the Andersons, founders of EE, about the importance of supporting black-owned businesses,…

By Janel Martinez

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swizz_beatz

WATCH: Swizz Beatz On the Beauty of Investing in Art

The mega-producer shares the do's and don'ts of making wise art purchases

BlackEnterprise.com caught up with music and art connoisseur Swizz Beatz while the mega producer-come-NYU professor…

By Anslem Samuel

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Your Get-out-of-Debt Checklist

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

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

By Sheiresa Ngo

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Holiday Bonuses: A Thing of the Past or on the Comeback?

Some employers have found creative ways to show their appreciation other than cash, while others stick to the script.

Just a few years ago, it was pretty standard practice for companies to dole out…

By Anslem Samuel

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debt2

Opinion: Student Loans Should NOT Be Discharged in Bankruptcy

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

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

By Alfred Edmond, Jr.

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Get Your Tax Credit Before It’s Too Late!

See how your plans to do energy-efficient improvements on your home could lead to cash back

If you plan on doing energy-efficient home improvements, now’s the time to do them. The…

By Sheiresa Ngo

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Hip-hop artist M.C. Hammer is infamous for his financial fall from grace in the '90s, and his troubles followed him into a new decade. In 2009, he owed more than $671,000 in state and federal taxes.

10 Black Celebrities Who Have Had Their Share of Tax Woes

The IRS halts for no man--or star. See how some famous folks have (mis)handled their finances

Here are 10 black celebrities who felt the wrath of the IRS

By Janell Hazelwood

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The SEC’s “Your Money” podcast helps to get you started with saving and investing. You'll learn how to determine whether a “hot stock tip” is a good investment, the most common investment frauds, how to invest in a 529 plan while reducing or avoid some fees and expenses, and tons of other helpful tips to help individual investors achieve their saving and retirement goals. What's your favorite money podcast? Tell us in the comments section below.  For more money advice, see... 7 money lessons from the Bible 16 money experts who want to make you rich

5 Podcasts to Boost Your Financial Brainpower

Looking for a quick, easy and efficient way to get financial tips? Tune in to our top 5 picks

Podcasts can be a great (and efficient!) learning tool, especially for busy people on the…

By LaToya M. Smith

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Mellody-Hobson

WATCH: 5 Money Management Tips With Mellody Hobson

What young people need to know about investing. (It's not as difficult as you think!)

The Ariel Investments President shares her wisdom on the power of saving and investing.

By Anslem Samuel

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What You Can Learn From … Wesley Snipes’ Tax Evasion Blunder

Negligence and protest are NOT your friends when dealing with the IRS. In fact, they could get you three years in prison

As Wesley Snipes reports to prison today to serve a three-year sentence for tax evasion,…

By Janell Hazelwood

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Go the non-profit route with  ModestNeeds.com  Founded in 2002 by Dr. Keith P. Taylor, Modest Needs offers three types of grants: back-to-work grants, independent living grants and self-sufficiency grants. The site offers  'flouting maximum grants' of up to $1000 or 7.5% of your documented, annual household income per family unit. “They provide bridge grants, basically to kind of get you through times like these,” says Kenneth L. Johnson, president of East Coast Executives (ECE). For more on unemployment benefits, read: Time’s Up: Extended Unemployment Benefits Expire So You’ve Been Fired…Now What

5 Ways To Maintain After Losing Unemployment Benefits

Here�s what you can do to stay afloat post-long-term unemployment benefits

Here are five ways to deal with the ending of extended unemployment benefits.

By Janel Martinez

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graduationeducation

Opinion: All Student Loans Should Be Discharged in Bankruptcy

Students in financial trouble deserve a break.

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

By Sheiresa Ngo

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How are you planning to meet your children’s college expenses? If you’re a student, what strategies are you using? Feel free to comment below.

5 Dos and Don’ts of College Financing

Now more than ever higher education comes at a high cost. Here are a few tips to lighten the long term financial load.



College financing has changed since most of today’s parents went to school. The average college…

By Robin White Goode

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For further reading: 5 Financial Lies that Could Land You in Hot Water The 7 Deadly Sins of Money Management 16 Money Experts Who Want to Make You Rich

7 Money Lessons from the Bible

Who knew the good book contained wisdom for your life and your finances?

The Bible is not only a source of inspiration, comfort, and a guide for living,…

By Sheiresa Ngo

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POLL: Payroll Debit Card or Paper Check?

Some employers are giving employees another option for getting paid: paper check or debit card. Is this a good idea or a terrible mistake?

More companies are offering their employees the option to receive their salary via payroll debit…

By Sheiresa Ngo

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02MONEY-TV

How to Get a Free TV

An informed consumer is an empowered consumer

Many of us cringe at the thought of making the dreaded phone call to a…

By Sheiresa Ngo

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Kardashian “Kard” K.O.’d

The socialite siblings default on prepaid debit card deal in the face of intense criticism and sky high hidden fees

Kim Kardashian gets declined.
What a difference a month makes. Prior to the November 10 launch…

By Anslem Samuel

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Don't buy a product that doesn't meet your needs “It looks like a lot of the e-readers advertised on Black Friday sales are pretty good deals,” says Bradford. It is rumored that the Barnes and Noble Nook, which is usually $150 will be $99 just for Black Friday at Best Buy. “The only caveat is that it has WiFi and not 3G,” says Bradford. 3G is better because you can get an internet connection anywhere there is a cell phone signal, regardless of whether or not there is a WiFi signal. Also, the Nook gets free access to 3G and WiFi on AT&T’s network. “If WiFi is fine with you then that is a really good deal, says Bradford. “Most people aren’t going to need to download a book while standing out on a street corner.” But if downloading a book on the fly is your thing then you might want to spend more for 3G. Leading up to Black Friday stay informed about new models that are soon to be released. A lot of brands will be releasing newer models towards the end of this year and the beginning of the next year. If having the latest product is important to you, don’t buy an older version just because it is on sale.

SLIDESHOW: What to Look for When Buying Electronics on Black Friday

Make your list and check it twice. We tell you what to look for when hitting the store

Planning to purchase a laptop or other electronic on Black Friday, but not sure if…

By Marcia Wade Talbert

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ClassicChevy

4 Stocks to Consider If You Missed the GM IPO

We consulted a handful of market-watchers for auto investment ideas and came away with a few overlooked stocks with promise

BLACK ENTERPRISE talked to a handful market-watchers to get some investment ideas that play…

By John Simons

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airlineSecurity2

Traveling? Know Your Rights When it Comes to Pat-Downs and Body Scanners

Know what should and should not happen at airport check points

The reality of terrorism in the United States has resulted in tighter airport security procedures.…

By Sheiresa Ngo

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7 Ways to Profit on Small Business Saturday

Follow this action plan for entrepreneurs who want to rack up big sales on Nov. 27

Tips that will help small business owners hear the cash register, paypal or online shopping…

By Melinda F. Emerson

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blackfriday

How Not to Go Broke on Black Friday

For the best deals, planning is key

Though Black Friday is all about getting the most bang for your short buck, there…

By Renita Burns

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For four decades and counting, Black Enterprise has been committed to the financial education and economic advancement of black Americans. Our mission, simply put, is to help you build Wealth for Life. Over the years, we've gained some passionate allies in our campaign to help you reach your goals, achieve your dreams and improve the quality of your life by taking control of your finances. The following champions of financial literacy--ranging from syndicated columnists and television anchors to finance industry pros and community activists--have been among the most effective and determined evangelists of our Wealth for Life Principles. If you are serious about wealth building, pay attention to the people who want to make your rich.

16 Money Experts Who Want To Make You Rich

These champions of financial literacy are committed to helping you to achieve the Black Enterprise mission: Wealth for Life

If Wealth for Life is your goal, these champions of financial literacy are committed to…

By Alfred Edmond, Jr.

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

Smart Money Moves for Every Stage of Life

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

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

By Sheiresa Ngo

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Is Your Spouse Guilty of Financial Infidelity?

Take this quiz and find out

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

By Sheiresa Ngo

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credit card images

Chase Waives Foreign Transaction Fees

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

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

By Sheiresa Ngo

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JayZFirstSlide

Decoded: The Business Lessons of Hip-Hop Powerhouse Jay-Z

Hip-hop entrepreneur Shawn Carter releases book about his life and lyrics

Hip-hop entrepreneur Shawn Carter releases book about his life and lyrics

By Janell Hazelwood

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Credit Reporting Myths Exposed

Know how your report can affect your financial future

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

By Sheiresa Ngo

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4 Credit Reporting Myths and Realities

Arm yourself with the right information

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

By Sheiresa Ngo

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

8 Vices That Will Derail Your Budget

Most of the time, behaving badly will trash your cash

Most of the time, behaving badly will trash your cash

By Sheiresa Ngo

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FrugalistaFiles

How to be Frugal AND Fabulous

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

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

By Sheiresa Ngo

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Yup, There’s An App for That: You Can Bank On It

Free mobile applications bring banking to your fingertips

Leading financial institutions are making banking easier with applications that customize account alerts, locate the…

By Janel Martinez

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Military to Mainstream: Why Our Veterans Need Our Support Year-Round

The return from war is often fraught with battles at home and at work

Veteran’s Day. It’s that time of year when the nation turns its attention to the…

By Joyce Jones

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Book Review: Bold Moves To Creating Financial Wealth

At just over 100 pages, this primer is a good first read for those intimidated by money books

Bold Moves to Creating Financial Wealth by Gerald Grant Jr. delivers a quick read, keeping…

By Alfred Edmond, Jr.

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How to Achieve Your Financial Freedom

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

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

By Sheiresa Ngo

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

How to get your credit back on track

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

By BLACK ENTERPRISE

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Before You Vote, Do The Math

Will your federal income taxes go up or down in 2011? See how your vote could be the deciding factor

If tax anger determines who you’ll vote for on November 2nd, don’t go to the…

By John Simons

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VoteButton

The Midterm Elections: Candidate Hansen Clarke

A review of Black candidates running for office in the Nov. 2nd elections

To help you be informed and prepared when you go to cast your vote on…

By Joyce Jones

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

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

By Sheiresa Ngo

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“Liar, liar, pants on fire!” is more than just a schoolyard taunt. When it comes to your finances, lying could burn you in just about every area of your life. So stop taking cues from our friend Pinocchio here and start telling the truth. Here are five financial lies that will really get you in trouble.

5 Financial Lies That Could Land You in Hot Water

If you think you won't get caught, think again.

If you think you won’t get caught, think again.

By Sheiresa Ngo

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Help Prioritizing Your Financial Responsibilities

Paying for the kids' college educations shouldn't be top priority

What should my husband and I do first and in what order? Should we pay…

By John Simons

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money_burning

The 7 Deadly Sins of Money Management

Avoid these blunders to save your finances.

Avoid these blunders to save your finances.

By Sheiresa Ngo

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Counterpoint: Making the Case Against Money Disorders

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

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

By Renita Burns

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

6 Financial Deadbeats to Avoid

Make sure you don't turn into one

Make sure you don’t turn into one

By Sheiresa Ngo

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Soledad O'Brien

Soledad O’Brien on Why Some Black Families Struggle Financially

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

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

By Tomika Anderson

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Do Money Disorders Exist?

What it means to have a dysfunctional relationship with money

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

By Sheiresa Ngo

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SoariesDixonPhoto-Z

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

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

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

By Tomika Anderson

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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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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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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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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

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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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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

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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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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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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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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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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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Women of Power

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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…

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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…

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