Money > Planning & Budgeting

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5 Tips on How to Handle Sudden Wealth

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

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

By Robert J. Gordon

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10 Twitter Accounts That Can Prep You For College

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

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

By Janel Martinez

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5 Ways to Avoid Major Student Loan Debt

A financial expert provides tips for handling the dreaded student loan

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

By Janel Martinez

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10 Tips for Filing Your FAFSA Form for College Financial Aid

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

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

By Janel Martinez

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

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

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

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

By Renita Burns

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3 Ways to Organize Your Financial Life

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

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

By LaToya M. Smith

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

14 Questions to Ask Before Opening a Checking or Savings Account

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

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

By Renita Burns

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

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

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

By John Simons

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

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

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

By Sheiresa Ngo

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How to Cope with Rising Prices at the Pump

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

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

By Andre Williams

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

4 Ways to Live Within Your Means

Couple shares tips on how to avoid financial pitfalls

Couple shares tips on how to avoid financial pitfalls

By Glenn Townes

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8 Ways to Save Money on Health Care and Health Insurance

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

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

By keithmendonsa

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Test Your Financial IQ!

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

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

By LaToya M. Smith

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Jennifer Norman [Photo: Rayon Richards]

A New Financial Game Plan

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

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

By Carolyn M. Brown

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The Johnsons [Photo: Zave Smith]

Thrifty Family Living

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

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

By Glenn Townes

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Thinking In Threes

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

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

By John Simons

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Pay4College

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

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

By Robin White Goode

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Over the years, producer Chuck Harmony has worked with everyone from Celine Dion (“I Got Nothing Left”), Mary J. Blige (“I Can Do Bad”) and Janet Jackson (“Let Me Know”) to Keri Hilson (“Pretty Girl Rock”), Fantasia (“Bittersweet”) and Ne-Yo (“One in a Million”).  In that time he’s seen overflowing budgets and newcomers blow their advances on expensive homes, cars and jewelry. In observing his colleagues’ ups, downs and pitfalls, Harmony’s views on finance, investing and, more importantly, how to save is very different than most. The creator of Los Angeles based Harmony House Entertainment shares a few of his financial tips for aspiring musicians and entrepreneurs with BlackEnterprise.com.

5 Financial Pitfalls to Avoid When You Come into New Money

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

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

By Anslem Samuel

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

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

By Derek T. Dingle

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Budget cuts

Why Democrats and Republicans Hate Obama’s New Budget

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

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

By Joyce Jones

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How To

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How to Invest in Cannabis Stocks

While some stocks in these sectors have been high fliers, even more have gone bust…

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Dealing with a Recruiter: 5 Simple Do’s and Dont’s for Landing the Final Interview

Aisha M. Taylor, co-founder of TAYLORMade Professional Career Consulting, shares tips for job candidates going…

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