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Money > Planning & Budgeting

the underinsured

5 Financial Pitfalls the Underinsured Must Avoid

The already susceptible should be extra careful

Waste no time getting into these tips.

By Darren Sands

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Special Circumstances That Could Affect Your Taxes

Could one of these extenuating circumstances apply to you?

Every year, special circumstances affect millions of taxpayers.

By Jennifer Streaks

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Koli Palu won season nine of NBC's The Biggest Loser and the $100,000 prize. Researchers say financial incentives help people reach their weight loss goals.

Study Shows Financial Incentives Help Weight Loss Goals

Study says participants were motivated by money

Is this a major breakthrough?

By Darren Sands

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Is Clutter Keeping You Back Financially?

Do you think about what financial clutter is doing to your financial goals?

Here are some tips to get rid of that clutter

By Patrice C. Washington

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Do You Know Where Your Money is Going?

Budgeting is still the No. 1 defense against careless spending

How can a budget tell you where your money’s going?

By Jennifer Streaks

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CardHub.com Releases U.S. Cities With Best, Worst Budgeters

New York City and Boston are tops on this list

Do you live in a city that can budget?

By Darren Sands

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MONEY

The Truth About Emergency Savings Funds

Tips for saving on any budget

All budgets are not created equal. Here are practical tips for saving in the real…

By Ashley R. Harris

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piggy bank

Financial Woes: Workers are Saving too Little to Retire

New survey reveals Americans are not enough retirement dollars.

Fifty-seven percent of surveyed Americans reported less than $25,000 in savings and investments.

By Gerren Keith Gaynor

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Source: File

5 Smart Money Moves to Make Right Now

Use this time to get your financial goals back on track

It pays to get work smarter in this economic climate.

By Jennifer Streaks

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Revel in Atlantic City, N.J.

3 Budget-Friendly Domestic Spring Travel Destinations

If you save in the spring, you'll have more to work with for the busy summer travel season

These places are worth it if you’re on a budget.

By Darren Sands

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Economy Jobless Claims

A To-Do List for the Long-Term Unemployed

Making sure those looking for employment for a year or more stay on course

Simply looking for a job no longer cuts it in today’s market.

By Jennifer Streaks

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Lending Money in Relationships: A Toolkit

Is lending money to your significant other a smart idea?

It can be very uncomfortable trying to decide whether lending money to someone you’re in…

By Kenny Pugh

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Thinking of Others: How Life Insurance Can Save Your Co-Signer

In the event of an untimely death, life insurance may be a life raft for co-signers

If you’ve ever taken out a loan and had a co-signer, life insurance is something…

By Ashley R. Harris

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Overall Satisfaction among Small Business Banking Customers Drops

5 Apps That Will Simplify Tax Season

Keep calm and use one of these tax mobile apps

Tax apps that will simplify the filing process.

By BlackEnterprise.com

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Tax Cuts Will Leave Lasting Impact on Higher Education

The Pell Grant will be unaffected, but other areas of higher education will feel the sequester

HIgher education may become even more unattainable for some

By Ashley R. Harris

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Close-up of a young businesswoman holding a pair of glasses

On the Importance of Paying Yourself First

Our financial expert says it's time you started paying yourself

Saving money to cover expenses in case of an emergency is one of the most…

By Jennifer Streaks

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ArmyNow

Love and War: Financial Basics for Families Facing Deployment

Deployment doesn't mean deflating family finances, here's a few tips on how to keep them afloat

Money tips for military families.

By Ashley R. Harris

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Eating clean may mean you have to stay away from soul food.

Tips for Eating Clean on a Budget

Buying healthy can be costly, use these tips to curb the expense

Eating clean can pay off large dividends in the long run.

By Ashley R. Harris

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During America Saves Week, Get Serious About Your Financial Plan

New study shows Americans could do better when it comes to drafting a savings plan.

Just in time for America Saves Week is the annual savings survey by America Saves…

By Sheiresa Ngo

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Tips for Using Lent to Recommit to Your Savings Goals

Keep money in your wallet this Lent

Use these tips to get ahead!

By Ashley R. Harris

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(Image: Thinkstock)

How to Formulate a Financial Back-up Plan

Strategies and tips for saving for a rainy day

Tips to set up a back-up plan for your finances.

By Jennifer Streaks

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Protect Your Business from Spring Weather Threats

5 Money Tips: Snowstorm Nemo Edition!

Extreme weather calls for extreme money-saving measures

Don’t get buried under the snow with no money to spend!

By Darren Sands

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Financial Planning for College Doesn’t Have to Be Intimidating

With proper planning and budgeting, paying for college doesn't have to drain your finances

Make sure you’re not letting the process of saving for your child’s education intimidate you.

By Ashley R. Harris

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saving-and-investing

Saving Money For a Rainy Day Is Easier Than You Think

These tips can take your saving process to the next level

Four steps to saving more in 2013.

By Jennifer Streaks

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five tips to avoid working weekends

4 Secrets to Successful Budgeting

Learn how to stick to your budget once and for all

Patrice says it’s time to get smarter about the way you’re budgeting your money.

By Patrice C. Washington

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

Financial Advice for The Committed, But Unmarried

In a long-term relationship, but not ready to put a ring on it? Here are steps to honor your partnership while protecting your finances.

People not married but in long-term committed relationships have many of the same financial concerns…

By Alfred Edmond, Jr.

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4 Tips for Budgeting When Your Income Is Inconsistent

How to create consistency when your money isn’t!

Limited or inconsistent income means you have to be smart with the money you do…

By Patrice C. Washington

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How to Drive Savings Back to Your Wallet at the Pump

Money saving tips to keep you at the pump less and on the road more

According to AAA, gas has crept up only .04 cents to the gallon since last…

By Ashley R. Harris

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(Image: Thinkstock)

3 Ways to Turn Your Idea into an Income Stream in 2013

Getting specific about your goals has a significant payoff

Get serious about turning your ideas into cash.

By Amanda Miller Littlejohn

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MONEY

What You Choose To Believe About Money Matters

Believing you are destined to be rich won't make wealth inevitable. But believing you are born to be poor all but guarantees a life of lack.

There’s no guarantee that believing you are destined to be rich, alone, will make you…

By Alfred Edmond, Jr.

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6 Unlikely Tips to Get Your Financial House in Order

You've heard this advice from time to time, but it's never been more necessary

Six tips to get organized about your finances

By Jennifer Streaks

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Kassondra Perry-Moreland

Meet the Woman Behind the 52 Week Savings Challenge

How one woman’s prayer could help millions save money

One woman’s epiphany is making an impact in social media.

By Patrice C. Washington

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(Image: ThinkStock)

Wellness Travel Big Business in the New Year

Living well can be a costly endeavor, especially when on vacation

Travel could be the key to wellness in the new year.

By Ashley R. Harris

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Wait ‘Til I Get My Money Right: Top Money Resolutions for 2013

Overall health, physically and fiscally, is within your reach

Get your mind — and money — right in 2013.

By Ashley R. Harris

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5 Tax Changes That Take Effect in 2013

New changes in 2013 mean many families and individuals will need to seek professional tax assistance

Taxes, taxes, taxes. Here are the ins and outs for 2013.

By Jennifer Streaks

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Taking a New Look at Entrepreneurship and Franchising

Our financial expert says it's worth taking a look at franchising from another perspective

Want to start a franchise? It may not be necessary to reinvent the wheel.

By Patrice C. Washington

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How to Avoid ‘Partying For a Good Cause’ This Christmas

Some predators seek to key in on December to target charitable givers

How do you avoid Scrooge this holiday season?

By Darren Sands

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(Image: Thinkstock)

3 Shopping ‘Deals’ to Avoid In December

Look out for bargains at the top of the year on these items

Going for these products now may break the bank.

By Ashley R. Harris

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3 Holiday Shopping Mistakes to Avoid

Keeping the reason for the season in mind will help curb overspending

In the mood to give this season? Be careful!

By Ashley R. Harris

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More retailers opening Thanksgiving Day for their blowout sales

A Reality Check for Black Friday

Shopping until you drop is not worth ruining your financial health—or if it is already poor, making it even worse.

Yes, a healthy amount of holiday spending will be good for our economy, and certainly…

By Alfred Edmond, Jr.

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(Image: Thinkstock)

3 Black Friday Apps That Will Save You Money

Take these tools with you before you hit the stores this Black Friday

Using an app could help you tune out the noise on Black Friday.

By Ashley R. Harris

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Quick Ways to Save Money at Thanksgiving

Save money and time this holiday season

Save money and time this holiday season

By Ashley R. Harris

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Holiday Spending: Don’t Let it Wipe You Out

Making sure your savings are still in tact this holiday season

Just in time for Black Friday, a few tips so you can save more money…

By Jennifer Streaks

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Cash Mobs Support Small Businesses

Spending Wisely on Small Business Saturday

Give local and small businesses a try

Will you support small business Saturday?

By Ashley R. Harris

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(Image: Thinkstock)

How Will Falling Off Fiscal Cliff Affect Your Wallet?

Financial crisis carries immediate, long term effects

Could approaching the fiscal cliff mean your finances are in trouble?

By Jennifer Streaks

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The specialized passport sleeve

Travel Giant Priceline Acquires Kayak

Analysts unsure of what shocker means for web travel industry

Does Priceline’s purchase of Kayak mean cheaper travel?

By Ashley R. Harris

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The Lazy Man’s Guide to Holiday Shopping: Gift Cards

Achieving holiday cheer from the comfort of your couch

Strategies for the gift card buyer in you.

By Ashley R. Harris

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Debra Langford, vice president inclusion and diversity at NBC Universal, offers up some advice during the Power Networking Workshop, hosted by Microsoft.

Who, What, When, Where, How: On Finding the Best Advice

No matter how much you’ve accomplished, everyone needs a little wise counsel

Could you be looking for good advice in all the wrong places?

By Patrice C. Washington

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Image: File

5 Money Lessons from Kendrick Lamar’s ‘Money Trees’

From the acclaimed album, lessons on money

What can ‘Money Trees’ teach us about money?

By Darren Sands

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IRS Comissioner Doug Shulman

Is Tax Relief Coming to Sandy Survivors?

For victims and volunteers, help is on the way

The IRS will begin relief to those affected by Hurricane Sandy

By Ashley R. Harris

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banks

Watch Out for These Changes at Your Bank

Consumers will have increased mobile access to information

Changes are on the horizon at some banks

By Ashley R. Harris

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How to Start Your Emergency Fund Now

Plan for the unexpected to avoid financial hardship

Tips for starting an emergency fund

By Ashley R. Harris

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banks

Banks Give Customers Fee Reprieve in Sandy Aftermath

For a short time customers will avoid banking fees

Customers finally get a break from hurricane storm

By Ashley R. Harris

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Shoppers Have More to Spend This Holiday Season

Consumers plan to budget, turn to mobile this season

Consumers will turn to mobile, budget more this season, analysts say

By Ashley R. Harris

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Woman in grocery aisle

5 Ways to Cut Your Grocery Bill Right Now

A penny saved is a penny earned in the grocery aisles

How can you maximize your hard-earned funds in the grocery store?

By Ashley R. Harris

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SoulFood

3 Hottest Food Trends Sure to Eat a Hole in Your Wallet

Tightening your budget may mean you don't have to loosen your belt

Will you be able to avoid the popular trends in favor of a fatter wallet?

By Ashley R. Harris

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Are you ‘Extreme Couponing’ or Just a ‘Hoarder’?

Are you spending more than you're saving with coupons?

Is extreme couponing a healthy concept?

By Ashley R. Harris

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piggy bank

Step 1: How to Set Financial Goals You Can Achieve

Here's part one of three easy steps designed to help you reach more goals in record time

Here’s part one of three easy steps designed to help you reach more goals in…

By Patrice C. Washington

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Financial expert Patrice C. Washington.

5 Lies That Keep You in Debt

Discover what fibs may be costing you financial freedom

These common myths could be keeping you from financial freedom

By Patrice C. Washington

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Money

Scary Easy! Quick Ways to Save Big This Halloween

Goons and goblins alike should get ready to save their pennies

Halloween expenses can add up — here’s how to stem the tide!

By Ashley R. Harris

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What Investors Want to Know

3 Clutch Business Tools For Entrepreneurs

These tools can get you on the fast track to productivity

Thousands of entrepreneurs rely on these web-based business tools.

By Ashley R. Harris

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3 Signs You’re Ready to Become an Entrepreneur

Do you have what it takes?

These signs could lead to a new future for would-be entrepreneurs

By Ashley R. Harris

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man-counting-money-in-suit

Giving This Holiday Season? Don’t Get Duped.

GuideStar report highlights key planning strategies

GuideStar, the database and website that vets and provides information on non-profit and charitable organizations,…

By Darren Sands

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passport-money

How to Save Money When Going Out on the Road

Here's how to prepare so you can save money on your next trip

Here’s how to prepare so you can save money on your next trip

By Ashley R. Harris

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Are You Confused About Retirement?

Find out the reality of retirement options with this quiz

Find out the reality of retirement options with this quiz

By Sakina P. Spruell

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Black Grads: ‘We’re More Financially Responsible Than Past Generations’

Do you agree or disagree?

Seventy percent of African Americans age 18 to 34 said they were either “disciplined” or…

By Darren Sands

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3-17-11-Lease

Want to Break Your Lease? Here’s How to Go About it

While it's not recommend, sometimes you will just have to break your lease

While it’s not recommend, sometimes you will just have to break your lease

By Sheiresa Ngo

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$640 million... 

Could fund the entire angel rounds for 577 tech startups. In 2011, the average angel round—which secures capital for a startup, usually from individuals investing their own money—was $1.11 million.

Paycheck-to-Paycheck Living Reaches Recession-Era Low

The number of workers relying on payday to handle bills continues to slip

A recent CareerBuilder survey shows that 40%, or two-thirds, of the 3800 full-time workers assessed…

By Sakina P. Spruell

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The Roses are applying a multistrategy approach to pay for college costs

The Business of College Planning

With college costs skyrocketing and many Americans still reeling from the Great Recession, paying for…

By Tamara E. Holmes

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You’ve walked across the stage, and graduation is over. Now you’re inching your way into the world of adulthood equipped with working a 9-to-5 and paying bills. For the majority of post-college grads, handling their own finances is a new--- and scary---experience. 
According to FinAid, graduating seniors leave college with an average of $23,000 in loan debt. Add to that rent, utilities, gas, and groceries, and it’s easy to dig yourself into a deep hole with the average entry-level salary. While surviving on a starting salary is difficult, it’s not impossible. Here are four tips from Darric N. Boyd, a Merrill Lynch certified financial expert, on getting (and keeping) a grip on your newfound finances. --- Jamie Harrison

Real-World Finances 101: Smart Money Tips for Recent Grads

Once you've landed your first job, be sure to map out a financial plan

So you’ve got your degree and you’ve even landed your first job. Well, you’ll need…

By Jamie Harrison

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OlderBlackCouple

Don’t Just Retire Cash Rich, Retire Wealthy

If you start with a $200 monthly contribution at age 25 that earns 6% interest,…

By LaToya M. Smith

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Patrice J. Williams, founder of Looking Fly On a Dime (Image: Danielle Gray)

Black Blogger Month: Looking Fly on a Dime, The Savvy Shopper

From the unemployment line to online, Patrice J. Williams heads a thrifting blog that's positioned her as a TV personality and budgeting guru

Patrice J. Williams transformed her obsession with thrift shopping into a marketable brand, Looking Fly…

By Starrene Rhett

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Jhanay Harris' house is in financial order (Photo by Lonnie C. Major)

How to Keep a Good Financial Start Going

“My parents were both teachers. They always taught me to save and the value of…

By Sheryl Nance-Nash

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Yolanda Hawkes is ready for retirement investing (Photo by Quantrell D. Colbert)

Investment Planning by the Decade

Whether the market rises or falls, you need to stay the course and invest throughout your lifetime

Only two in 10 African Americans believe they are on track to meet their goals…

By Frank McCoy

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Notorious B.I.G. once rhymed, "There’s rules to this stuff. I wrote me a manual."  Though it applied to a different type of game, Christopher Wallace was on to something. Now that the 2012 NFL Draft is over, many players will need a guide to  keep them out of the gossip blogs, tabloids, and bankruptcy courts. We’ve seen so many athletes come into the NFL broke and leave in the same way. It’s a cycle we must stop. So, before these athletes get caught up, perhaps they should read The Five Draft Commandments. (What!) ---Christian Law


Left, 2012 NFL First-round draft pick Fletcher Cox of the Philadelphia Eagles (Photo by Hunter Martin/Philadelphia Eagles/Getty Images)

New Money: The Five (NFL) Draft Commandments

Rookies should heed these rules of finance and life to avoid pitfalls

With the 2012 NFL Draft complete, here are some rules of money (and life) that…

By Christian Law

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Entrepreneurs: Learn How to Raise (and Balance!) Money for Your Business

Register for the Black Enterprise Small Business University NOW and learn how to build, fund, grow and lead your business to success!

Register for the Black Enterprise Small Business University NOW and learn how to build, fund,…

By Elayne Fluker

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Clockwise from top: Brown, Gumbs, Young, Douglass, Alleyne, Epperson and St. Claire (Photo by Lonnie C. Major)

Get Excited About Your Money

Our Wealth for Life mission is to ensure that you become an active participant in…

By Alisa Gumbs

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Cindy McField-Asamoah, a vice president with the Corcoran Group (left) and Robin A. Young, president of Women Behaving Wealthy (Photo by Rayon Richards)

Peek In Your Purse

“A woman behaving wealthy spends on the basis of what is important to her on…

By Carolyn M. Brown

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Rodd Herbert (Photo by Kevin Foley)

Coping With Unexpected Health Issues

“When you’re 40 and the doctor tells you that you may not be able to…

By Sheryl Nance-Nash

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black_business_man_looking_at_watch

Is It Time to Negotiate a Higher Salary?

Timely, strategic steps towards establishing and proving your worth

How do you know it’s time to ask your employer for more money?

By Patrice C. Washington

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Monique Harps (Photo by Jeremy Charles)

Debt-Free Diet

Four years ago Monique A. Harps contended with more than $104,000 in debt. Although the…

By Aisha I. Jefferson

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3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days

2012 is here. Is your money right? Use these tips to help you get on-track

Money coach Lynnnette Khalfani-Cox gives you three key tips to help you reach your financial…

By Lynnette Khalfani-Cox

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(Image: Thinkstock)

How to Handle Holiday Tipping During Tough Times

The current economic situation hasn't changed Americans' tipping habits. See what you can do to show your gratitude without breaking the bank

Etiquette experts at The Emily Post Institute, Inc. provide pointers on holiday tipping during an…

By Sade K. Muhammad

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Advocacy Releases Annual Small Business Lending Report

Ask the Money Coach: How to Improve Your Finances in 2012

What money questions you should ask yourself as you head into 2012

The Money Coach Lynnette Khalfani-Cox tells you what money questions you need to ask as…

By Lynnette Khalfani-Cox

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Chantay Bridges (Photo by Kevin Foley)

The Team You Need for Your Year-End Financial Checkup

At a time when it’s about the parties and festivities, it can be hard to…

By BLACK ENTERPRISE

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Coping With Depression When Money or Personal Problems Arise During the Holidays

Six tips on how to stay positive and enjoy (or endure) the holiday season

Lynnette Khalfani-Cox gives you six tips on how to handle depression, money and personal problems…

By Lynnette Khalfani-Cox

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For many Americans, a big part of the holidays involve giving presents to others. But it’s perfectly fine and feasible to not give gifts to family and friends and still enjoy the holiday season.
	
In fact, if the tough economy or a job layoff has taken a toll on your household budget, this could be the year to not spend any money at all on gifts. Even if you do have money in a bank account to spend, it’s important to realize that there are plenty of other ways to celebrate the season without making all the festivities centered on gift-giving.

	Still, the average American is expected to spend $704 on holiday gifts in 2011, according to the National Retail Federation. Should you opt out of this year’s holiday shopping frenzy like the folks who’ve joined Buy Nothing Day? Perhaps. Here are five reasons why it might be wise not to spend any money at all on gifts on Black Friday and this entire holiday season. —Lynnette Khalfani-Cox

5 Good Reasons To Buy Nothing & Avoid Holiday Shopping Completely

In a troubled economy, it's perfectly fine not to spend money during the holidays

Holiday shopping can land some people in the poor house. Given the current economic downturn…

By Lynnette Khalfani-Cox

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5 More Ways to Earn Extra Cash Before Year’s End

The time to earn more is now

As the end of the year approaches, now is the time to start planning for…

By Lynnette Khalfani-Cox

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(Image: Thinkstock)

Ask the Money Coach: New Bank Fees Are Coming. Here’s What to Expect

Know how the new bank fees will affect your money

Money Coach Lynnette Khalfani-Cox tells you how the new bank fees will affect your money

By Lynnette Khalfani-Cox

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(Image: Thinkstock)

Ask the Money Coach: A Super Easy Budgeting Tip That Works

Learn how to make the most of your money with this simple rule

Money Coach Lynnette Khalfani-Cox tells you how to budget and make the most of your…

By Lynnette Khalfani-Cox

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Even Millionaires Have Budgets. Two Reasons You Should, Too

Two rules to help you create a successful budget

No matter how you configure your budget, the money coach Lynnette Khalfani-Cox says to have…

By Lynnette Khalfani-Cox

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Image: Thinkstock

College Scholarships for Students in High School, Middle School and Kindergarten (Yes, Kindergarten!)

From newborns on up to adult children in graduate school, learn about resources available to pay for higher education expenses

From newborns on up to adult children in graduate school, learn about all the resources…

By Lynnette Khalfani-Cox

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5 Scary Financial Scams That Can Wreck Your Budget Well Past Halloween

You never want to play “trick or treat” with financial con artists

Halloween or not, you never want to play “trick or treat” with financial con artists.

By Lynnette Khalfani-Cox

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Ask the Money Coach: Resources to Help Teach Your Kids About Financial Literacy

Learning the value of money and saving at an early age will help your child make smart money choices in the future

The Money Coach Lynnette Khalfani-Cox tells you how to teach your kids the value of…

By Lynnette Khalfani-Cox

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(Image: Thinkstock)

Ask the Money Coach: 7 Ways to Survive Your Child’s College Costs

The Money Coach tells you the right way and the wrong way to help your child avoid student loan debt

Parents want to help their children avoid the plague of student loan debt from college…

By Lynnette Khalfani-Cox

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Layla Doman

The DOs and DON’Ts of Charitable Giving

Give with your heart, but don’t forget to use your head

Layla Doman donates to a range of charities. This helped the Washington, D.C., resident lower…

By Tory Parrish

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Kason Davis

Too Young to Think About Retirement? Think Again!

Just ask today’s retiring boomers whose retirement plans have fallen short. Even for those with…

By LaToya M. Smith

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Ask the Money Coach: 5 Ways to Earn More Cash Before Year’s End

Smart and simple tips for making some extra money this year

Money Coach Lynnette Khalfani-Cox gives smart and simple tips for making some extra money this…

By Lynnette Khalfani-Cox

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Photo by Greg Plactha

Getting a Break for Funding Your Kid’s Education

Many parents and grandparents are aware of the benefits of 529 college savings plans. Earnings…

By Donald Jay Korn

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Photo by Quantrell D. Colbert

How To Get A+ Credit

Follow these tips and get the best credit score you can

When Simone Griffin was young, she would watch her grandmother pay the bills on the…

By Tamara E. Holmes

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FinancialAid

How to Negotiate a Better Financial Aid Package

Use these tips to get the best deal on college financing

In addition to buying a home, funding a college education is probably one of the…

By Tamara E. Holmes

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Photo by Chris Hamilton

Tackling a Prosperous Retirement

Business investments are paying off for ex-football player Tony Jones and wife Kamilla

Retired NFL offensive tackle Tony Jones and his wife, Kamilla, have heard the horror stories…

By Aisha I. Jefferson

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Photo by Zave Smith

Digging Out of Debt

Nearly drowned by credit card debt, Joseph McKinley needs a solid savings and investing plan to make up for lost time

Joseph McKinley got into credit card debt the way a lot of people do—using plastic…

By LaToya M. Smith

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3 Signs Your Man is Bad with Money

Here's how to handle a beau who spends beyond his means

Madame Noire details 3 signs that your gent isn’t good with his finances. Take note…

By BlackEnterprise.com

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piggy bank college fund

4 Tax Breaks for College Students

How to be smart and save with a tax break on your tuition

A college education is probably the most expensive purchase you’ll make besides a home. Who…

By Sheiresa Ngo

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5 Financial Steps to Take When a Parent or Loved One is Dying

Preparing for the loss of a family member is a matter of life and debt

Death is a reality of life that most try to avoid but when you know…

By Lynnette Khalfani-Cox

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Use coupons for price reductions. Don’t miss out on a great deal--- compliments of a coupon---when you’re forced to purchase a brand new textbook. Sites like RetailMeNot.com and PromoCodes.com list the latest coupons and special offers by several major retailers that sell textbooks and other college supplies. A quick search is all it takes to find some attractive discounts on your next purchase.  Coupons are a good idea if you have any college courses that require you to purchase the latest edition of a book. Just be prepared for some serious sticker shock. It’s not uncommon for a new college textbook to cost $100 or more.

7 Ways to Save on College Textbooks and Supplies

Use these smart tips to save as much as 80% on books and supplies this year!

Lynnette Khalfani-Cox gives smart tips that could save you as much as 80% on textbooks…

By Lynnette Khalfani-Cox

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How to Create a Solid Financial Back-Up Plan

Why the Plan B tips can save you in tough economic times

Life never goes exactly according to plan. So what’s your plan B?

By Lynnette Khalfani-Cox

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The Right Way to Use Coupons for Big Savings

The process can be worth the time investment to cut costs

Here are four tips on how to work those coupon savings in your favor.

By Sheiresa Ngo

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Your Cheat Sheet: A Quick Guide to Student Loans for College

Student loans may be your only option for college. Here are tips for understanding (and repaying) your college loans

Taking out a student loan may be the only way to make college affordable. But…

By Lynnette Khalfani-Cox

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Get it Together, Diva: Plans B, C, and D are Always a Good Look

Proper prioritizing and preparation can help to cushion life's bumps

When it comes to life, prioritizing and practicing due diligence in all aspects is def.…

By Janell Hazelwood

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Lessons in Money Management from My Mom

Knowing how to handle money should start in the home from our first teachers

Saving for the future should start at childhood and that responsibility fall son our parents…

By Caroline Clarke

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Nightlife: How to Budget When Out on the Town

Your after-work leisure doesn't have to break your pockets

Madame Noire details how to save your wallet while enjoying nightlife.

By BlackEnterprise.com

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How much do you think you need to save for retirement? According to a survey of registered investment advisors (RIAs) commissioned by Scottrade Services, the average American believes they need around $1 million to retire comfortably. However, many advisors say that most couples could need two to three times this amount to make sure they don't outlive their money. (Use this calculator from cnnmoney.com to estimate how much you need.)  Regardless of whether you’ll truly need $300,000 or $3 million, The cold, hard truth is that many baby boomers and pre-retirees simply will not save enough money to retire comfortably. Thus, retirement in the traditional sense is simply out of the question. If you’re one of those people, what choices do you have? Here are some options to consider.---Lynnette Khalfani-Cox

What to Do If Retirement is No Longer an Option

Times have changed, and so have dreams of an early retirement. Use these tips to make sure to make sure you prepare for your future

Times have changed, and so have dreams of an early retirement. If you’re close that…

By Lynnette Khalfani-Cox

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Wedding season is in full swing with some states like New York getting a few extra brides and grooms this year thanks to the recent passing of the same sex marriage bill. Regardless of your orientation, starting a life together generally comes with a hefty price tag. However, you don’t have to break the bank just to say, “I do.” In fact, BlackBridalBliss.com features weekly profiles from real brides, who share their first-hand advice on ways to save money when planning the big day as part of the popular Tie the Knot Tuesdays series. Whether you’re in the process of planning or still dreaming of the day, here are 11 practical ways to save money on your wedding day. —Bridgette Bartlett

11 Ways to Save Money on Your Wedding Day

It may be your "big day" but that doesn't mean you have to spend in a big way

Weddings can get expensive fast, but there are cost-effective ways you can save money while…

By Bridgette Bartlett

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burning money

Stop Burning Cash!

In three real-life situations, experts show how to create a workable budget so you can take control of your money and meet your short- and long-term goals.

Do you smell the odor of burning currency? If you ever find yourself wondering where…

By Bridget McCrea

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Photo by Chris Edwards

Overcoming Life’s Debt

Ever growing liabilities keep the Brookses from enjoying their life

With $158,000 in debt outside their mortgage, Kenric and Christina Brooks of Charlotte, North Carolina,…

By Sakina P. Spruell

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Photo by Quantrell D. Colbert

Blending Families and Finances

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

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

By Aisha I. Jefferson

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When Your Household Finances Fall Apart

You promised to love each other during good times and bad. Here's what to do when bad financial times come sooner than expected

You promised to love each other during good times and bad. But sometimes the bad…

By Sheiresa Ngo

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7 Money Lessons Teens Learned from the Recession

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

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

By Sheiresa Ngo

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7 Simple Facts About Saving Money

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

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

By Sheiresa Ngo

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

10 Lowest-Paying College Degrees for African Americans

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

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

By Sheiresa Ngo

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MoneyTips for New College Grads

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

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

By Brittany Hutson

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End of the World Checklist: Do You Have Your Financial House in Order?

What will your financial legacy say about you when your world ends?

BlackEnterprise.com’s checklist to prepare to leave behind your financial legacy via estate planning and living…

By Janell Hazelwood

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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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Black student graduating

10 Tips for Filing Your FAFSA Form for College Financial Aid

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

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

By Janel Martinez

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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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5 Financial Pitfalls to Avoid When You Come into New Money

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

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

By Anslem Samuel

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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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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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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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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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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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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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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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