Tag Archives: personal financing

Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

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Numbers can impact your life for better or for worse. This is especially true when it comes to your personal finances. Many finance articles quote numbers that answer questions related to your money and how you should handle it. For example, how many months of savings should I have? How long does a bankruptcy stay on my credit report? Well, ask no more. Here’s a list of some of some of the most important numbers you need to know.

Numbers That Can Make or Break Your Personal Finances

Let these numbers help you navigate your financial life

Numbers can impact your life for better or for worse. This is especially true when…

By Sheiresa Ngo

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Eight Tips For the Suddenly Wealthy

A checklist for managing an unexpected windfall of cash

If you’ve gone from drowning in debt to swimming in loot, these eight tips will…

By Marcia Wade Talbert

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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 Calculate Your Net Worth

3 simple steps for gauging the value of your personal wealth

If you want to get a true gauge of your personal wealth, you need to…

By Renita Burns

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Investing In Education

Dwayne Thomas is �getting his finances in order for life after law school

Dwayne Thomas learned all about the stock and bond markets as a finance major at…

By Carolyn M. Brown

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Women & Money: Let’s Take on the World of Investing

To be successful, check your behavior and get out of your own way

Personal finance guru Patricia Stallworth begins a series on women and investing. First up, teaching…

By Patricia Stallworth

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African American Wealth Gap Quadruples

High-income blacks have less wealth than middle-class whites

The wealth gap between white and African-American families has increased more than four times between…

By Deborah Creighton Skinner

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End Your Comfortable Relationship With Debt

Financial freedom gives you real control over your life, but it comes at a price

In many cases, the biggest determiner of whether or not you achieve financial independence lies…

By Patricia Stallworth

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Celebrating Life Beyond Mother’s Day

All About You Day Conference to explore ways for women to enjoy the "rich" life all year long

All About You Day Conference on May 8 at the Schomburg Center for Research in…

By Sakina P. Spruell

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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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Investing Rules for Women: Get Over Your Fear

Become familiar with the culture of investing

One way to get over your fear is to become familiar with the culture of…

By Sheiresa Ngo

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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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Poll of the Week

A year after epic lows in the stock market, will the current economic rebound last?

One year ago this week, the Standard & Poor’s 500 hit a 12-year low of…

By BlackEnterprise.com

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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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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 Money Management

Now is the time to plan your financial future

Creating a financial plan should be on everyone’s to-do list. Financial planning is not solely…

By Sheiresa Ngo

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Andersons Complete Year of ‘Buying Black’

Empowerment Experiment family discusses challenges, triumphs

The Empowerment Experiment’s Anderson family discuss the successes that kept them empowered, the struggles that…

By Marcia Wade Talbert

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