Tag Archives: budget

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[SURVEY] African Americans Face Financial Challenges, Yet Remain Positive

Voice your insights on key financial topics for your household below

Massachusetts Mutual Life Company (MassMutual) took an in-depth look at African American household finances to…

By Sheiresa Ngo

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Five Tax Tips For Writing Off Vacations for Your Business

Combining business with pleasure can pay off

Check out these tax strategies for small business owners to help save money by deducting…

By Carolyn M. Brown

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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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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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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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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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10 Splurge-Worthy Shoes

Which of these brands is your favorite?

BET’s gallery of shoes that will have you drooling

By Demetria Irwin

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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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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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Motivational Monday: Ready to Cash Out?

Ditch the credit cards for cold, hard cash

Are you strong enough to beat down the part of yourself that demands instant gratification?…

By S. Tia Brown

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In these financially-strapped times, the thought of using money you barely have to enjoy yourself might ignite stressful feelings. In fact, a lack of disposable income can lead some to almost never involve themselves in fun or extracurricular activities outside of basic cost of living. However, some mental health experts believe working to pay bills without making time for recreation can lead to major stress. If you desire to have fun but you’re constantly void of funds, here are seven ways to have a good time on a budget. —Quassan Castro

7 Ways To Have Fun On A Budget

You don't always have to spend money to have a good time

In this economy everyone is about saving money which leaves fun by the wayside, well…

By Quassan Castro

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From Black Friday door buster specials to pre- and after-Christmas sales, the start of the holiday shopping frenzy may soon engage your inner shopaholic—and leave you with a mound of debt by New Year’s. The average American is expected to spend a little more than $700 on holiday gifts and seasonal merchandise in 2011, according to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey. Nationwide, sales are expected to reach $465.6 billion, putting retailers in the black.

If the shopaholic in you is ready to be unleashed, take steps to control your spending habits so you aren’t left in the red, with credit card debt and an empty savings account before the year is over. Here are some useful tips to control your inner shopaholic this holiday season. —Lynette Khalfani-Cox

5 Holiday Shopping Tips for Shopaholics

Don't get caught up in the craziness of the holiday shopping season, here are a few tips to stay on course

It’s holiday shopping season and shopaholics need be wary of falling into financial trouble. Here…

By Lynnette Khalfani-Cox

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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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Getting On Track

White, who at one time had a credit score of 710 before filing for Chapter…

By Sakina P. Spruell

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When a Relative Dies and You Can’t Afford the Funeral

The Money Coach tells you what to do if a relative passes away and the burial costs are out of your budget

Money Coach Lynnette Khalfani-Cox tells you what to do if a relative passes away and…

By Lynnette Khalfani-Cox

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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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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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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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Nelson Mandela turns 93 (Photo by Media24/Gallo Images/Getty Images)

In the News: Nelson Mandela Turns 93; UConn Alumna Fights for 13-Year-Old Prodigy and More

Headlines around the web

See what’s going on in the world with today’s compilation of news around the web

By Janel Martinez

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In the News: Search Engines Affecting Memory; Mathew Knowles Takes Beyoncé and Live Nation to Court and More

Headlines around the web

See what’s going on in the world with today’s compilation of news around the web

By Janel Martinez

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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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5 Steps Towards Homeownership

How to get into the house of your dreams without landing yourself in a nightmare of financial trouble

How to get into the house of your dreams without landing yourself in a nightmare…

By Tara-Nicholle Nelson

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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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Washington Report: Democrats & Republicans Sound Off on Temporary Budget Solution

With the deadline looming, politicians on both sides of the issue try to find a common ground

Congressional lawmakers have just a week to negotiate a deal to fund the federal government…

By Joyce Jones

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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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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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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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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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Budgeting Insider: Style Savvy on a Shoestring Salary

Your guide to managing everyday finances

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

By Janell Hazelwood

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Budgeting Insider: 5 Great Retail Sites To Shop for Deals

Daisy Lewellyn, style expert and author of Never Pay Retail Again: Shop Smart, Spend Less…

By Janell Hazelwood

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Amazing Savings

Secrets to scoring great deals on just about everything

Just because you’re keeping a close eye on your finances doesn’t mean you have to…

By Aisha I. Jefferson

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Teach Them Well

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

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

By Robin White Goode

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Plan Well, Retire Rich

How Tony Gittens and Jennifer Lawson invested for a long, healthy retirement

If You were to accuse Tony Gittens and his wife, Jennifer Lawson, of being obsessive…

By Glenn Townes

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Eyes on the Prize

April McLemore wants to �retire by age 55. But will she have enough money saved in 16 years to live �comfortably?

Friends and family aren’t likely to find April McLemore shopping in stores such as Nordstrom…

By Carolyn M. Brown

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How to Calculate Your Life Insurance Needs

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

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

By Marcia Wade Talbert

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Cutting Edge: The Science of Booking Last-Minute Flights

It�s good to wait, but not too late

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

By Renita Burns

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Are You Tired of Living Cheap?

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

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

By Sheiresa Ngo

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What You Should Know Before Settling Credit Card Debt

Be mindful of the pros and cons of consulting a service

If you’re up to your eyeballs in debt and can’t see the light at the…

By Sheiresa Ngo

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

What Kids Should Know About Money—and When

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

Tips on what your child should know about managing their finances

By Robin White Goode

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How to Combat New Banking Fees

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

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

By Sheiresa Ngo

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Investing 101: Which Method Will You Use to Invest?

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

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

By Patricia Stallworth

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Investing 101: How to Create the Perfect Financial Plan

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

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

By Patricia Stallworth

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Women & Money: Beware of Self-Defeating Behaviors

How you handle financial obstacles will determine whether or not you reach your final destination

There’s no doubt that on your journey to financial independence, you are going to run…

By Patricia Stallworth

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Women & Money: What’s Your NET Worth?

To scout out a path to financial independence, you need to know where you are starting from

Creating a financial plan is essential as you move toward financial independence. Analyze where you…

By Patricia Stallworth

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Women & Money: Don’t Forget to Plan

It�s time to consider exactly where are we going and how will we know when we get there

As we travel down the road to financial independence, it’s time to consider one huge…

By Patricia Stallworth

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Cutting Edge: Resisting the Credit Temptation

What to do when you can't say no

When saying no to that impulse purchase is just too hard

By Renita Burns

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Food for the Journey

Budgets are necessary tools to help you reach your financial goals. Here's how to get started

According to Napoleon, an army marches on its stomach. On our journey we need something…

By Patricia Stallworth

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Lessons From Her Father

Kimberly Allman learned savvy savings at an early age

It’s no surprise that 30-year-old Kimberly Allman has her finances in order. Her parents’ guidance…

By Jason Evers Roberson

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Drafting a Financial Plan

Dion and Sherrunda Adkins aim to build a solid future for their family

Dion and Sherrunda Adkins both grew up in families that struggled financially. “In our family…

By Sheryl Nance-Nash

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Ask Your Advocate: Winter Heating Bill Woes

How to lighten the load on your wallet

My heating bill tends to be very high each winter. What can I do to…

By Sheiresa Ngo

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Cents and Sensibility

Steve and Pamela Cromity teach their children about saving, spending, and giving

Steve and Pamela Cromity possess all the trappings of upper-middle-class comfort. But the key to…

By Marcia Wade Talbert

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Staying on Track

Dasha Lundy seeks to establish a strong financial foundation-with or without a mate

Like mother, like daughter. And that’s just fine by Dasha Lundy. Her mother taught her…

By Sheryl Nance-Nash

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A Woman’s Guide to Managing Money

Different life stages, different financial needs. Whatever your situation here’s what you need to know…

By Chris Taylor

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Super Savers

Derick Pearson and Felecia Hatcher and committed to building their nest egg

Newlyweds Derick Pearson and Felecia Hatcher are first-rate savers. Pearson was raised in a large…

By Dale Coachman

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Boost Your Credit Score

A few simple steps can make a difference

Having the ability to obtain an affordable home loan is only one example of how…

By Lauren Lea

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Living the Frugal Life

Chad and Wanda Lassiter know the value of a dollar

As a social worker, Philadelphia native Chad Dion Lassiter is used to encouraging people to…

By Glenn Townes

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5 Ways to Reduce Debt

Start the new year on the right foot. These tips will show you how to lighten your financial load

In 2002, Kristen Tate decided that debt free was the way to be. With a…

By Leslie E. Royal

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Actions Speak Louder Than Words in the New Year

Set your goals into motion today

It feels good to have goals, doesn’t it? I mean, to really have something that…

By Renita Burns

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Check Yourself Before You Wreck Yourself

Before hitting stores, take the NFCC's Holiday Spending Quiz

Once again, it’s the time of year when pressure on consumers to do their part…

By Alfred Edmond, Jr.

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Live Large With Less Cash

Living well on a limited budget means maximizing what you get out of life for…

By Lauren Lea

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Tools to Help You Track Your Dollars

Take the stress out of money management

I recently tested three programs, Microsoft Excel, Mint.com, and Google Docs, to find the pros…

By Renita Burns

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Five Ways to Cut Wedding Costs

Your big day can look like a million buckswithout the huge price tag

When Aubrey Whitten and Major LeGrand started pricing their wedding options, they got sticker shock.

By Alisa Gumbs

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Spend Less Money on Your Startup Budget

Programs can help you stretch your business dollars

There are a plethora of organizations, universities, and companies that provide pro bono or professional…

By Marcia Wade Talbert

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5 Ways to Build Your Budget

Prior to November 2008, JaQuetta Garrison and her family enjoyed an annual household income of…

By Leslie E. Royal

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Love Don’t Cost a Thing

Personal touches can add bang to a wedding without the bucks

Television is overrun with shows about weddings. Some focus on finding a gown, some profile…

By Alisa Gumbs

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The Cutting Edge Q&A: Rebounding After a Custody Battle

Be diligent in finding solutions to manage debt

Since last year, I have fallen behind on the majority of my bills due to…

By Renita Burns

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When Your ‘Something Blue’ Meets the Pink Slip

What to do if a layoff forces you to slash your wedding budget

Sometimes the “for worse” part of “for better or for worse” comes early. In this…

By Alisa Gumbs

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How to Plan a Wedding During a Recession

Say "I do" to the marriage but "I don�t" to the debt

There are some things you still need to spend money on, even when the economy’s…

By Alisa Gumbs

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Day 81

The Treasury Department announces that the budget deficit increased by $192.3 billion in March, and…

By Deborah Creighton Skinner

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House, Senate Pass Budget Proposals

Alternatives offered by the CBC and others were considered before the final votes

Voting along party lines, the House and Senate approved budget resolutions, backing a $3.6-trillion spending…

By Deborah Creighton Skinner

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Salesman-in-Chief

Obama launches an aggressive campaign in fight for budget

With the intense, nonstop activity that marked his political campaign, President Barack Obama is engaged…

By Derek T. Dingle

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President Barack Obama’s Statement on the Budget

President Barack Obama outlines the new priorities in his budget. (Source: White House)
President Barack Obama:…

By BlackEnterprise.com

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Day 57

On St. Patrick’s Day, Obama met with the House and Senate budget committee chairmen to…

By Deborah Creighton Skinner

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1. I Will Live Within My Means

Many people get into a bad habit of spending more than they earn or spending…

By Carolyn M. Brown

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3. I Will Effectively Manage my Budget, Credit, Debt, and Tax Obligations

Regardless if you earn $45,000 or hundreds of thousands of dollars a year, a budget…

By Carolyn M. Brown

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1. Make sure your investment portfolio has exposure to emerging markets like China and India. They recommend that no more than 10% of your portfolio holdings should be invested in these assets.

4. I Will Save At Least 10% of My Income

It’s not enough to just make ends meet with the salary you are earning. You…

By Carolyn M. Brown

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6. I Will Devise an Investment Plan for My Retirement Needs and Childrens’ Education

The reality is that your chances of building wealth are optimized when you invest. It…

By Carolyn M. Brown

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7. I Will Ensure That My Entire Family Adheres to Sensible Money Management Principles

Talking about money matters at the dinner table may not have been polite conversation long…

By Carolyn M. Brown

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9. I Will Guarantee My Wealth is Passed On To Future Generations Through Proper Insurance and Estate Planning

Let’s face it: Nobody lives forever. No matter how much you want to deny it,…

By Carolyn M. Brown

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10. I Will Strengthen my Community Through Philanthropy

Contrary to some people’s perceptions, you don’t have to have the big bucks like Oprah…

By Carolyn M. Brown

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Safe Haven

Sylvia King's financial discipline kept her afloat during tough times

Sylvia King’s financial discipline kept her afloat during tough times

By Sheryl Nance-Nash

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Weekly Address: Budget

Two years ago, we set out on a journey to change the way that…

By BlackEnterprise.com

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Day 38

Obama unveils his FY 2010 budget outline, which called for a staggering $3.55 trillion in…

By Deborah Creighton Skinner

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Women & Money: Your Finances at Your Life Stage

The right steps whether you're single or over 40

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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The Cutting Edge: Getting the Most From Your Gym

Making sure you get the workout and not your wallet

The New Year is almost here, and if you’re one of the countless people who’ve…

By Renita Burns

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The Gift of Multi-Purpose Furniture

Save by getting the most use of your key pieces

One (of several) important cost-cutting lessons I learned was to purchase furniture that serves more…

By Renita Burns

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Investing to Build Wealth? Or Spending to Look Rich?

When it comes to wealth, too much faking it will keep you from making it.

One of the things I like to talk about when I travel the country speaking…

By Alfred Edmond, Jr.

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Cutting Edge: BBQ Bargains

Trim the fat off the cost of your holiday entertaining

As the Fourth of July approaches, surging gas prices and soaring food costs have many…

By Renita Burns

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Cutting Edge: Deals for Dad

Ways to save some money this Fathers Day

Many of us are finding that our pockets aren’t quite as deep as they once…

By Dale Coachman

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