Tag Archives: financial literacy

7 SAVINGS ACCOUNT QUESTIONS  	1. Does this account fit my banking habits?  	Just like with a checking account you have to ask yourself (and the prospective bank) similar questions: Do you prefer meeting face-to-face with a teller or quick transactions online? How often do you tap into your savings, if at all? Do you prefer setting up automatic withdrawals or managing your account with a passbook? Your personal preference(s) play a major part in selecting a bank.

Bank of America’s Andrew Plepler Talks Khan Academy Partnership

Executive discusses importance of financial education

BlackEnterprise.com caught up with Andrew Plepler, Global Corporate Social Responsibility and Consumer Policy executive at…

By Sheiresa Ngo

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Bank of America and Khan Academy Team Up

The website offers a customized financial education experience

Close to 70% of Americans say money is a major cause of stress.

By Sheiresa Ngo

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Ronald Williams Before You Start Banking

Before You Start Banking, Ronald Williams Wants to Talk to You

'Financial literacy is like basketball. You do not pick up a basketball and start making three-pointers. Progression is the key element.'

‘I truly believe in being a part of the solution and not a part of…

By Cedric 'BIG CED' Thornton

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Throwback Thursday: Money Tips for New Grads

You're out of school and (if you're lucky) on the job. Next: a plan to manage your cash

If you’re among the young adults who have just graduated from college and landed their…

By Sheiresa Ngo

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Urban Business Roundtable Spotlight On Financial Education Champion Ryan C. Mack

More on the entrepreneurs, business strategies and economic news featured on The Urban Business Roundtable

This week on The Urban Business Roundtable: Optimum Institute of Economic Empowerment President Ryan Mack…

By Pepper Miller

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Results of the 2014 NFCC Financial Literacy Survey

Each year, the National Foundation for Credit Counseling conducts a financial literacy survey.
This year’s survey…

By Sheiresa Ngo

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4 Ways To Boost Your Money IQ For Financial Literacy Month

A simple regimen to help you commit—or recommit—to your financial education.

Boost your IQ with these proven steps

By Alfred Edmond, Jr.

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Tips for Getting Your Direct Mail Marketing Letters Read

Personal Finance Word of the Day: COB Fraud

Have you ever been a victim?

Do you know what this is?

By Sheiresa Ngo

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10 Dumb Things We Do With Our Money

We need to unlearn bad habits, not just learn the right financial moves to make

As important as learning what to do with money is knowing what not to do

By Alfred Edmond, Jr.

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financial literacy

Bank of America Aims to Improve Financial Literacy with Campaign

Small, simple steps can build money smarts

Many Americans are still not confident when it comes to some aspects of money management

By Sheiresa Ngo

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Is Your Financial Mindset About Prosperity—Or Lack?

You may need to change the way you think about money

Do you have a financial mindset?

By Alfred Edmond, Jr.

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financial literacy

Women and the Financial Know How Gap [Study]

Women seemed to know just as much of the fundamentals as men

Literacy differences between men and women has been overstated, experts say.

By Aaron Morrison

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A Parent’s Guide To Raising Financially Responsible Children

Our first lessons about money come from our parents. Sabrina Lamb's book "Do I Look Like An ATM?" provides a game plan for smarter choices.

Sabrina Lamb’s book “Do I Look Like An ATM?” provides a game plan for teaching…

By Alfred Edmond, Jr.

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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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What’s REALLY Keeping You Out of the One Percent?

Dennis Kimbro's new book, "The Wealth Choice," makes the compelling case that becoming a millionaire is not a matter of chance or connections, but of choice.

Why do some of us become millionaires, even billionaires, while the majority of the rest…

By Alfred Edmond, Jr.

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Campaign to Eliminate a Billion Dollars in Debt To Launch This Weekend

The Billion Dollar Challenge initiative website goes live October 19th

The Billion Dollar Challenge initiative website goes live October 19th

By BLACK ENTERPRISE

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Rapper Young Dro of ‘Shoulder Lean’ Fame has a Tax Lien

Hopefully he saved some of that "Shoulder Lean" money for the lien

Hopefully he saved some of that “Shoulder Lean” money for the lien

By Demetria Irwin

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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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(l-r) Robin A. Young, Financial Adviser and President, Women Behaving Wealthy; Lori Anne Douglass, Partner, Trusts and Estates Group, Moses & Singer L.L.P.; Sharon Epperson, CNBC Senior Commodities and Personal Finance Correspondent; Dail St. Claire, President, Williams Capital Management

Everything You Wanted to Know About Your Finances

Understand your risk tolerance, because most people’s portfolio allocation is not consistent with their risk…

By Carolyn M. Brown

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Financial Adviser Creates March (Money) Madness to Promote Financial Literacy

Brokerage professional gives common sports bracket investment spin

Rob Wilson, created an investment game that plays off the popular March Madness basketball…

By Janell Hazelwood

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Creshinda Clark (Photo by Aaron Raymond)

Think Like a Woman … Manage Your Money Like a Man

According to sociologist Mariko Chang, women’s earnings are currently at about 78% of men’s, yet…

By Bridget McCrea

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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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ROBERT “BOB” JOHNSON 	Princeton University 	MA, Public/International Affairs 	Class of ’72   Johnson is the founder of Black Entertainment Television [BET], which launched in 1980. Starting as just a two-hour program, BET developed into a nationwide television channel, becoming the first African American owned company to be acknowledged by the New York Stock Exchange in 1991. After selling the all-Black television network to Viacom in 2001, Johnson became the first African American billionaire.

UBR Spotlight: Master Entrepreneur Robert L. Johnson

More on the entrepreneurs, business strategies and economic news on The Urban Business Roundtable

This week on The Urban Business Roundtable: master wealth builder Robert L. Johnson, chairman of…

By Alfred Edmond, Jr.

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How To Have “The Talk” With Your Teen

They're back in school. But, when it comes to raising money-smart kids, it's up to us to initiate the conversation

The bad news: Our most recent Great Recession and the things that precipitated it have…

By Alfred Edmond, Jr.

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Sick And Tired Of Your Money Problems? Try Hill Harper’s ‘Wealth Cure’

The actor and best-selling author's new book has The Wealth Cure for what ails you financially, and it's good medicine

The best-selling author and actor Hill Harper provides sound strategies for managing and investing your…

By Alfred Edmond, Jr.

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Take Your Kids To Money School!

How to find a workshop, after-school program, or camp that’s right for your child

The program Brendan attended, the Youth Investment Club, is jointly run by the Lanham, Maryland-based…

By Tamara E. Holmes

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Earl "Butch" Graves Jr., President & CEO, Black Enterprise

Make Money Management a Family Affair

For those who believe the days of spending with reckless abandon will return, I have…

By Earl "Butch" Graves Jr.

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How Badly Do You Want Financial Freedom?

If you talk the talk, but will not walk the walk, I've got news for you: freedom ain't free

Each week, we get e-mails and letters from people who tell us they are determined…

By Alfred Edmond, Jr.

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How the Racial Wealth Gap Hurts Children of Color

The Root columnist explores solutions to a growing problem

The Root columnist explores solutions to a growing problem

By BlackEnterprise.com

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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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BlackEnterprise.com caught up with BE Next leaders in finance, entertainment, science, and technology on their favorite reads that inspire them and give them tools to achieve their dreams.

40 Next: Young Leaders’ Book Picks for Success

Top reads of today's BE Next entreprenuers and professionals

BE Next leaders give their favorite books on success and leadership

By BLACK ENTERPRISE

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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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Ohio State Treasurer Kevin Boyce Not Going Out Without a Fight

His campaign offers promise to boost minority business, financial literacy

Overseeing $5 billion, including a $150 billion public pension fund, Boyce represents one of four…

By Derek T. Dingle

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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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Leading a Thrifty Lifestyle

André and Yohancé Jackson routinely attended a movie and purchased the latest CDs and DVDs…

By Glenn Townes

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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 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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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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Building Wealth Requires Do-it-Yourself Investing

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

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

By John Simons

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10 Reasons You’re Still Broke

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

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

By Sheiresa Ngo

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

Best Money Sites for Young People

Use these Web tools to help you save and budget

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

By Renita Burns

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Help! I Can’t Open a Checking Account!

3 ways to get your check-writing privileges restored

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

By Sheiresa Ngo

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Money Matters: Books to Boost Your Financial I.Q.

5 selections that offer valuable lessons on all things related to money

What books would you recommend I study to increase my financial I.Q?

By John Simons

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Women & Investing: Are You a Reluctant Investor?

Gain confidence by educating yourself and developing a financial strategy

Are you a reluctant investor? If so, you aren’t alone. Many women are hesitant to…

By Patricia Stallworth

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What? You Mean I Have to Read?

Despite the social media revolution, the wealthiest, most influential people read books. My advice: Do what they do.

“Good article. Catchy title. Just wish it had more practical advice. Now I have to…

By Alfred Edmond, Jr.

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Who’s The Money Role Model for Your Kids?

Bring children along on your financial journey and teach them as you learn

When should you start teaching your kids about money? It’s best to start early, as…

By Patricia Stallworth

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Recommended by Editorial Director John Simons: Personal Finance for Dummies by Eric Tyson (For Dummies, $22). Never mind the belittling title, this is a one-stop guide that covers everything from balancing a checkbook, and handling debt, to saving for retirement.

Required Reading: 20 Books to Boost Your Financial Literacy

Black Enterprise staffers recommend their favorite books on money and investing

Here in the offices of Black Enterprise, it’s hard to manufacture excitement about April’s federal…

By John Simons

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Overview: The White House’s Financial Reform Plan

Enforcing common-sense rules for consumers, investors

The White House issued a fact sheet on how the president’s financial reform plan will…

By BlackEnterprise.com

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Cutting Edge: How NOT to Invest in a Mutual Fund

Do a reality check on financial product offerings coming into your community

I never quite understood how subprime lending was able to ravage so many communities until…

By Renita Burns

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It’s Time to Celebrate Financial Literacy Month!

Here are some great resources to help you boost your money I.Q.

April is Financial Literacy Month! And I want to take a break on our journey…

By Patricia Stallworth

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Are Black Folks ‘Scrubs?’

Although we've made great progress, we're still "sitting on the passenger side" of American wealth

I’m talking about the scrub described in TLC’s lyrics: “Sitting on the passenger side of…

By Eric D. Grant

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Pick the Right Financial Professional

The difference between a CFP and a CPA and more

Financial advisers aren’t all created equal. They each come with their own set of credentials…

By Bridget McCrea

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Pep Talk: Ready to be Debt-Free

How can I get on track if I am always in the hole?

I’m a 32-year-old mother of two and I’ve spent a great deal of time living…

By Tennille M. Robinson

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Talking Points: UNCF Colleges More Affordable Than Their Peers

The 39 HBCUs that are members of the UNCF cost less than comparable institutions.

By Deborah Creighton Skinner

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How to Tell if You Need a Financial Planner

Here are some reasons people decide to work with an adviser

Families and individuals seek out financial advisers for any number of reasons. The National Association…

By Bridget McCrea

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Play Games with Your Money

Having fun is a great way to get over your fear of investing

If you’ve always wanted to start investing but have always been afraid of losing money,…

By Sheiresa Ngo

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I’m Not Rosa Parks. He’s Not Dr. King.

But they are The Empowerment Experiment

Dr. King tells me that even though he and Rosa Parks and all the other…

By Maggie Anderson

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My Powerful Life As Mrs. Buy-Black America

Thanks to the Empowerment Experiment, we've met some extraordinary entrepreneurs

When we created The Empowerment Experiment, we knew things would be different. We knew…

By Maggie Anderson

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Our Choice: To Empower

Can a middle-class, professional, suburban black couple lead a Black Power movement?

My family made a choice, publicly, to spend as much money as possible with Black…

By Maggie Anderson

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Establishing A Legacy of Wealth: Part 4

We must take control of our destinies

When all is said and done, we have the ability to take control of our…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 3

We must take stock of how we spend

Many African Americans are more concerned with what we are wearing, what we are driving…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 2

It's time to take care of business

Yes, we have been oppressed, but we can do much more to help ourselves. Why…

By Ryan Mack

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Establishing A Legacy of Wealth: Part 1

We must work on taking the poverty out of the people

No, we haven’t had the best of times since arriving to this country. It…

By Ryan Mack

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Why America Needs Uncle Sam’s Financial Lessons

Is it government�s job to convince more Americans to save and invest?

One of the arguments conservatives are leveling against President Barack Obama’s proposed Consumer Financial Protection…

By John Simons

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Pursuing the American Dream

Richard Cherry strives to build wealth through homeownership

Richard Cherry is more interested in being wealthy than looking wealthy. Living well below his…

By Carolyn M. Brown

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A Frugal Family

Janice and Mark Blake make sure their family knows how to stick to a budget

In the midst of this “Great Recession,” a good number of Americans have resorted to…

By Diane King

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Money Savvy Pig for Kids

Boost the financial literacy of children beyond saving and spending

In today’s financial crunch, if you haven’t sprung into action to sharpen your child’s money…

By Renita Burns

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Teaching Our Kids the Financial Facts of Life

Every parent wants to support his or her child’s dreams and aspirations. Most have worked…

By Earl "Butch" Graves Jr.

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Rep. Sheila Jackson Lee Pushes for Financial Literacy Lessons

NYSE event highlights importance of money savvy

Duncan Niederauer NYSE CEO, John Hope Bryant, vice chairman of the U.S. President’s Advisory…

By Renita Burns

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The Cutting Edge: Money Books for Young Adults

The hardest part about being young and figuring out your finances is finding the right…

By Renita Burns

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How About a Guide to Money for Us Brothas?

Men need financial education, too. Our problem: too often, we won't seek it out

It’s okay, brothas. I know what you’re thinking. You just got your copy of your…

By Alfred Edmond, Jr.

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Empowerment Experiment Shines Light on Black Business Blight

Chicago couple pledges to "buy black" for 2009

Like many other blacks in Illinois who live in areas where mainstream grocery stores are…

By Marcia Wade Talbert

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Survey Finds Disconnect Between Beliefs and Financial Planning for Blacks

Though optimistic, many aren't proactive

Released today, the Nationwide Insurance and Tavis Smiley Consumer Survey identified disturbing trends behind what…

By Marcia Wade Talbert

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A Click in the Right Direction

Website teaches youth financial literacy

“There are just too many kids out there who are trying for that easy dollar,…

By Nicole Norfleet

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