Black Americans, DOE, student loans, Inflation, Debt, Bills, Achieve Center for Consumer Insights, Kilgore

Financial Literacy Month: Dealing With Debt That’s Out Of Control

According to Debtor's Anonymous, there are a number of signs that indicate you might have a serious problem with debt.


Originally Published April 24, 2014.

If you’re like most people, you probably have debt. From student loan debt to credit card and mortgage debt, it’s the weight on your shoulders that won’t seem to lighten. But how do you know when debt is spiraling out of control? When is it time to get help?

Debtor’s Anonymous, an organization that helps consumers struggling with debt, lists the following signs that you might have a serious problem with debt: being unclear about your financial situation, not knowing account balances, monthly expenses, loan interest rates, fees, fines, or contractual obligations.

Then there are these signs:

  • Frequently “borrowing” items such as books, pens, or small amounts of money from friends and others, and failing to return them.
  • Poor saving habits such as planning for taxes, retirement, or other non-recurring but predictable items, and then feeling surprised when they come due. Having a “live for today, don’t worry about tomorrow” attitude.
  • Compulsive shopping: Being unable to pass up a “good deal. Taking impulsive purchases, leaving price tags on clothes so they can be returned, and not using items that you’ve purchased.
  • Difficulty meeting basic financial or personal obligations and/or an inordinate sense of accomplishment when such obligations are met.
  • A different feeling when buying things on credit than when paying in cash, a feeling of being accepted or grown up.
  • Living in chaos and drama around money: Using one credit card to pay another, bouncing checks, and always having a financial crisis to contend with.
  • A tendency to live on the edge: Living paycheck to paycheck, taking risks with health and car insurance coverage, writing checks hoping money will appear to cover them.
  • Unwarranted inhibition and embarrassment in what should be a normal discussion of money.
  • Overworking or underearning: Working extra hours to earn money to pay creditors, using time inefficiently, taking jobs below your skill and education level.
  • Denying your basic needs in order to pay your creditors.
  • Hoping that someone will take care of you so that you won’t get into serious financial trouble or hoping that there will be someone you can turn to.

If any of these describe you, there are solutions:

  • Join a debt support group. A debt support is self-help based and consists of members who have a common goal of eliminating debt. These groups provide a safe place to talk about their problems.
  • Create a spending plan. If the word “budget” scares you, just call it another name. Develop a plan that will help you take control of your spending.

RELATED CONTENT: OneUnited Bank Announces Annual Youth Contest ‘I Got Bank’ To Celebrate Financial Literacy Month

James R. Ludlow School, Khary Moody, Lindback Award

Philadelphia Principal Khary Moody Honored With Lindback Award For Exemplary Leadership

Khary Moody, principal of James R. Ludlow School, has been recognized as one of the distinguished recipients of this year's Lindback Awards.


The Philadelphia Tribune reported that Khary Moody, principal of James R. Ludlow School, has been recognized as one of the distinguished recipients of this year’s Christian R. and Mary F. Lindback Awards for Distinguished Principal Leadership. Moody’s journey to education leadership was not a conventional one, but his dedication and impact have earned him this prestigious honor.

Raised in Philadelphia, Khary Moody initially envisioned a career within the judicial system, hoping to effect change from within. However, his perspective shifted when he was offered an opportunity to work in the Alternative Education Office of the School District of Philadelphia. Reflecting on this pivotal moment, Moody remarked, “I always wanted to work with kids. Coming to the school district not only helped me make an impact in the lives of young people, but it also helped me understand the pathway to being an educator.”

With a background in criminal justice from West Chester University and a master’s degree in education from Cheyney University, Moody’s transition into education was marked by a commitment to serving marginalized youth. He played a crucial role in establishing programs like the Reti-Wrap Reentry Transition Initiative, providing support and resources to students returning to school from incarceration or court-ordered treatment.

Moody’s leadership at Ludlow since 2018 has been characterized by a collaborative approach and a focus on student success. He emphasizes the importance of teamwork, acknowledging, “Anything that we do is by committee.” Moody credits his dedicated staff, whose average tenure at Ludlow is 15 years, for their unwavering commitment to student well-being and academic achievement.

Under Moody’s guidance, Ludlow has implemented innovative initiatives to address barriers to student success. Recognizing the significance of graduation, the school has forged partnerships with institutions to align the curriculum with graduation requirements, ensuring that students are adequately prepared for the future.

Regarding his vision for aspiring school leaders, Moody advises patience, steadfastness, and clear communication. He emphasizes the importance of articulating a cohesive vision that resonates with stakeholders, fostering a sense of community and shared purpose.

As a recipient of the Lindback Award, Moody plans to utilize the $20,000 prize to enhance Ludlow’s facilities, particularly the schoolyard, envisioning improvements such as a football field and additional seating areas. His commitment to providing students with a conducive learning environment underscores his dedication to their holistic development.

Team, investment, tips, capital, money,, Wisdom Kaye

4 Ways To Boost Your Money IQ For Financial Literacy Month

If you've yet to commit to your own financial education, now is the perfect time to make it a daily part of your information diet.


Originally Posted Apr. 1, 2014

April is National Financial Literacy Month, so named since March 2004, when the Senate passed Resolution 316 to highlight the importance of financial education. Of course, as with Black History Month, it is Financial Literacy Month every day at BLACK ENTERPRISE, as evidenced by our Wealth for Life mantra. If you’ve yet to commit to your own financial education, now is the perfect time to make it a daily part of your media and information diet. Here’s how:

Daily:

Get doses of financial advice via the radio and on the Internet. Follow money mavens like Tiffany “The Budgetnista” Aliche and Tara “Madam Money” Jackson on their web sites, as well as on social media platforms such as Twitter and Facebook. Read articles and blogs at financial web sites, including BE‘s financial coverage.

Weekly:

Watch television shows about money, investing, and business. Good choices to start with are my podcast Your Money, Your Life. Then you can try The Better Wallet, hosted by Marc Russell.

Monthly:

Read at least one book about money management, budgeting, investing, saving for retirement, or another financial topic that aligns with your goals and fills gaps in your knowledge. An excellent one to start with is Squeeze the Most Out of Your Money by financial educator Patricia Stallworth. Another great read that will challenge you to pursue your financial freedom is dfree: Breaking Free From Financial Slavery by Dr. DeForest B. Soaries. There are so many excellent books on a wide range of money topics that you’ll never have a reason to not continue your financial self-education.

Quarterly:

Make time to attend a seminar or workshop about some aspect of money and investing. In addition to searching online, check with churches, banks, colleges, and community organizations in your area which likely offer financial literacy programs. A great resource to start with is the NFCC at DebtAdvice.org; be sure to check out the NFCC’s Sharpen Your Financial Focus program.

Whatever you do, make increasing your money IQ a year-round commitment, not one just for Financial Literacy Month.

Black Enterprise Executive Editor-At-Large Alfred Edmond Jr. 

RELATED CONTENT: Use Financial Literacy Month To Get Those Finances In Order

Arresting Black 13-Year-Old Boy, Police

Police Release Footage Of Officers Arresting Black 13-Year-Old Boy For Selling Roses Outside Walmart

The Summerville Police Department in South Carolina released an edited version of officers forcefully detaining a 13-year-old boy.


After being accused of selling roses in front of a Summerville, South Carolina, Walmart, a teenager was aggressively arrested by police officers on April 1.

The Summerville Police Department recently released bodycam video from the arrest after civilians who posted mobile phone video clips on social media questioned the force used by police officers on the scene.

According to Live 5 WCSC, after a video of a violent interaction between two white police officers and two young Black boys in front of the Walmart was posted to someone’s Facebook account, the police department released an edited video of the incident.

Police said that the store complained that people outside were selling Palmetto Roses.

When officers arrived, they said they told the boys through the car’s P.A. system to stop selling the roses. They got out of their vehicle and approached the boys. While speaking to one in particular, an officer grabbed one of the teens.

Facebook user Mimi Rivers posted several clips on her page, which garnered comments from viewers regarding what took place that day.

Several days later, the police department responded with a seven-minute edited video showing the interaction between two officers as they approached the two young boys. The video described the incident before showing the footage.

The arrested boy’s attorney, Marvin Pendarvis, also a state senator representing Charleston County, said the edited video raises more questions than answers.

“It appears that the timing and selective editing of the video were aimed at justifying the officers’ actions. However, upon closer examination, significant discrepancies and omissions are apparent,” Pendarvis said.

“The facts are straightforward: Officer Ghi acted as the initial aggressor in this situation,” he added. “Contrary to claims, there is no clear evidence showing the minor punching Officer Kirkland in the face. Instead, what the video reveals is an officer approaching a 13-year-minor with immediate aggression, threats of incarceration, and unnecessary interrogation regarding the minor’s activity of selling roses.”

The boy was charged with third-degree assault and battery, but it was altered. A report stated that he was charged with assaulting an officer involved in official duties.

The Summerville Police Department then released an unedited video of the incident on April 5, one day after releasing the edited version.

“The video compilation you are about to view contains the full, unedited bodycam footage captured by Sergeant Katherine Kirkland and Officer Dante Ghi during the incident on April 1st, 2024. It also includes vehicle camera footage from Officer Melvin Wallace’s patrol car as well as surveillance video from the Walmart where the events unfolded. No edits have been made to this footage other than protecting the identities of the juveniles.”

Summerville town spokesman Christopher Makowski said Officer Dante Ghi’s bodycam was accidentally turned off while the incident was going on.

The Post and Courier reported that in his 25 years as a police officer Ghi has a history of policy violations and complaints and has had several lawsuits filed against him. Ghi was also fired from the Spartanburg County Sheriff’s Office for misconduct in 2003, and he left the North Charleston Police Department during an internal investigation before the Summerville Police Department hired him in 2018.

RELATED CONTENT: Florida Police Officer Resigns After Pointing Gun at Pregnant Black Woman in Front of Her Children

USC, Valedictorian, Muslim, Palestine

USC Cancels Graduation Speech Of Muslim Valedictorian Due To ‘Safety Issues’

USC's valedictorian, Asna Tabassum, believes anti-Muslim and anti-Palestine sentiments are the true cause for the speech cancellation.


The University of Southern California (USC) recently called off the graduation speech of its Muslim valedictorian due to safety concerns, according to CNN.

The news follows heightened global tensions regarding the conflict between Israel and the West Bank. In a message released on April 15, the school confirmed valedictorian Asna Tabassum will not deliver the time-honored speech.

“Unfortunately, over the past several days, discussion relating to the selection of our valedictorian has taken on an alarming tenor,” shared the University’s Provost Andrew Guzman. “The intensity of feelings, fueled by both social media and the ongoing conflict in the Middle East, has grown to include many voices outside of USC and has escalated to the point of creating substantial risks relating to security and disruption at commencement. We cannot ignore the fact that similar risks have led to harassment and even violence at other campuses.”

Guzman added, “After careful consideration, we have decided that our student valedictorian will not deliver a speech at commencement. While this is disappointing, tradition must give way to safety. This decision is not only necessary to maintain the safety of our campus and students but is consistent with the fundamental legal obligation – including the expectations of federal regulators – that universities act to protect students and keep our campus community safe.”

The news drew criticism of an alleged stifling of Tabassum’s voice and earned right, as reported by CNN. In her response to the matter, Tabassum shared a different story with the Council of Islamic-American Relations. She shared how the schools previously emphasized that they had the proper resources to ensure graduates’ safety during the ceremony. In the turn of events, she determined that Anti-Muslim and anti-Palestinian sentiments led to the updated decision.

“I am honored to have been selected as USC Class of 2024 Valedictorian,” wrote Tabassum. “Although this should have been a time of celebration for my family, friends, professors, and classmates, anti-Muslim and anti-Palestinian voices have subjected me to a campaign of racist hatred because of my uncompromising belief in human rights for all.”

She continued, stating that she felt “abandoned” by her future alma mater with the change in action.

“I am both shocked by this decision and profoundly disappointed that the University is succumbing to a campaign of hate meant to silence my voice. I am not surprised by those who attempt to propagate hatred…[but] am surprised that my own university—my home for four years—has abandoned me.”

Tabassum also shared her “serious doubts” that USC revoked her speech for the alleged safety reasons. USC has yet to disclose any specific threats to the student.

Tabassum, who minored in resistance to genocide, hopes that USC will reverse its decision ahead of the May 10 event.

Cruise, Arrest, kids, mother, jail, Lakesha Woods Williams

Mother Jailed For Leaving Kids Home Alone To Go On Cruise, Blames Her Cousin

Houston mother who left her two young children at home alone to embark on a cruise blames her cousin.


A mother in Houston who was arrested for leaving her two young children at home alone to embark on a vacation cruise is attempting to blame her cousin.

Lakesha Woods Williams, 29, had her $25,000 bond upheld on Monday, April 15, after she was charged for leaving her 6-year-old and 8-year-old children at home while she went on a cruise, KHOU reports. Williams says she paid her cousin to watch her children while she was away for nearly a week, but he allegedly took the money and never came to babysit.

“You left your child unattended for four days,” Assistant District Attorney Keegan Childers asked.

“Let’s say you leave the country out on a trip, and the cousin doesn’t go to take care of the children. If this is really a plane flight like she says it is, wouldn’t you, as a parent, be on the first plane back immediately?”

Neighbors say they saw Williams leaving with luggage on April 4 and never returning. On April 9, police conducted a welfare check at the luxury high-rise apartment complex on Katy Freeway after a witness revealed neighbors’ concerns that the children were home alone.

Authorities found the brother and sister alone inside the apartment that was in complete “disarray,” with trash and leftover food all over and a smell of urine, court records state. The children told police that their mother left on April 4, and they didn’t know when she would be back.

A camera was found that Williams used to watch and communicate with the children, and the boy also had a cellphone to text his mother while she was away. When deputies with the Harris County Precinct 5 Constable’s Office tried tracking down Williams, she reportedly failed to respond and continued to change her whereabouts.

Williams was arrested on Thursday, April 11, and charged with child abandonment with intent to return. On Friday, April 12, she was given the $25,000 bond, with a judge ruling to uphold the bond on Monday, calling the case “egregious.”

The children are currently with Williams’ sister, and a protective order was placed to prevent the mother from communicating with or being near her son or daughter, ABC Houston reports.

“We take these child abuse cases very seriously,” Childers said. “Even if you’re acting negligently, it’s not an excuse.”

RELATED CONTENT:  Mother Gets 30-Day Jail Sentence for Baby Waterboarding, Freezer Incident

Beyoncé, Cowboy Boots, cowboy carter

Beyoncé’s Country Era Boosts Sales Of Cowboy Boots

Since the release of Cowboy Carter, sales for cowboy boots have increased by 20 percent.


Beyoncé’s country era is not only impacting music but also fashion. The singer’s latest album, Cowboy Carter, is boosting the sales of Western-style boots.

NBC News reported that Circana, a consumer behavior firm, noted the increase in sales by 20% for cowboy boots, occurring a week after Beyoncé’s album dropped on March 29. This shift to cowboy clothing also lends to concert and festival attire, with luxury brands also contributing to the shift. French fashion house Louis Vuitton even introduced bolo ties and cowboy hats in its latest collection.

Williams Trading Analyst Sam Poser confirmed the rising trend, which marks Beyoncé’s impact and reach. Specifically, her influence led to rising stock prices for Boot Barn, a retail chain for Western apparel.

“We have little doubt that there is a correlation,” he shared with NBC News.

Shares for Boot Barn rose 4% in April, a sudden increase that Beyoncé’s album release significantly aided.

However, her promotion of the Western aesthetic to the mainstream extends beyond boots. Her name-dropping of Levi’s jeans on Cowboy Carter has also elevated the American brand. One of its tracks, “Levii’s Jeans,” was titled after the brand and features popular rapper Post Malone.

Since the album’s release, Levi’s has relied on name recognition to market its brand further to Beyoncé’s vast audience. The denim company changed its Instagram name to Beyonce’s spelling, while its CEO confirmed her impact as beneficial.

“I don’t think there’s any better evidence or proof point than having someone like Beyoncé, who is a culture shaper, to actually name a song after us,” explained Levi Strauss CEO Michelle Gass as its stock prices rose.

Beyoncé has stopped the fashion world before during her Renaissance World Tour. Her request for fans to wear her glittery fashion prompted an increase in silver clothing purchases from small retailers. While she has not announced a tour for Cowboy Carter or instructed fans to get their boots ready for a performance, she has proven to be a trendsetter in multiple industries.

Kansas City Chiefs, Rashee Rice, Teddy Knox

Kansas City Chiefs’ Rashee Rice And SMU’s Teddy Knox Sued For More Than $10M

The two football players are being sued after allegedly causing a multicar crash in Dallas


Super Bowl champion Rashee Rice and former college teammate Teddy Knox, who were allegedly involved in a high-speed car crash on March 30 in Dallas, are being sued by two of the victims injured by their alleged participation in the incident.

According to USA Today, Rice, who is a wide receiver for the Kansas City Chiefs, and Knox, who plays the cornerback position for Southern Methodist University, are being sued by Irina Gromova and Edvard Petrovskiy for more than $10 million. The lawsuit was filed on April 11 in Dallas County, Texas, on April 11

They are alleging that the two football players purposely drove their vehicles at high speeds and were negligent on the day of the accident when they walked away without checking on the victims.

“Despite innocent victims calling for emergency help and desperately trying to exit their destroyed vehicles in a state of shock, (Rice and Knox) intentionally, knowingly evaded assisting injured commuters and absconded from the scene,” the lawsuit states. “The victims and bystanders of the carnage tried to engage the (Rice and Knox), but they were ignored in (their) attempt to flee without responsibility.”

The victims are suing for $10 million in punitive damages, $1 million in actual damages for medical care, physical impairment, loss of earnings, mental anguish, and property damage.

“They were severely injured by the tremendous force of the high-speed impact,” the lawsuit said. “Injuries include trauma to the brain, lacerations to the face requiring stitches, multiple contusions about the body, disfigurement, internal bleeding and other internal and external injuries that may only be fully revealed over the course of medical treatment.”

After Dallas police issued warrants for Rice and Knox’s arrest, the Chiefs receiver turned himself in on April 11 and was released on bond. No punishment has been set forth for Rice yet. The National Football League (NFL) is monitoring the case. Knox was suspended by the Southern Methodist athletic department.

Both men have been charged with one count of aggravated assault, one count of collision involving serious bodily injury, and six counts of collision involving injury.

The car crash involved a Lamborghini and a Corvette that was allegedly speeding and lost control as the “Lamborghini traveled onto the shoulder and hit the center median wall, causing a chain reaction collision involving four other vehicles.”

Four people suffered minor injuries, with two of them being taken to a local hospital. Police said that Rice and Knox, along with several others, ran from the scene of the accident “without stopping to determine if anyone needed medical help or providing their information.”

Missouri, NAACP, Black voters, lawsuit

NAACP Joins Legal Battle Against Arkansas LEARNS Act’s Anti-DEI Efforts 

The fighting never stops!


The NAACP has joined a growing lawsuit against the state of Arkansas over the legislation that intentionally blocks public schools from teaching diversity, equity and inclusion and critical race theory. 

In collaboration with the Lawyers Committee on Civil Rights, the Arkansas chapter of the civil rights organization is pressing a federal court to implement an injunction in hopes that the LEARNS Act — standing for Literacy, Empowerment, Accountability, Readiness, Networking and School Safety Act — will be stopped while the suit goes through litigation. 

Filed in March 2024 by civil rights attorney Mike Laux, the now-amended lawsuit argues that Advanced Placement (AP) African American Studies classes taught in public schools haven’t received proper treatment in comparison to other AP courses. It continues to accuse the courses of being marginalized and underfunded, as well as depriving students of the opportunity to learn about the history and contributions of Black Americans.  

This is an added measure to the organization’s fight against what President Derrick Johnson describes as a wave of anti-DEI legislation in the United States. “From Arkansas to Alabama, the desecration of diversity, equity and inclusion poses an imminent threat to the future of our nation,” Johnson said. 

“We refuse to go back. The NAACP will continue to use every tool at our disposal to ensure that our constitutional rights are protected and our culture respected. This is what standing for community looks like.” 

Plaintiffs, including two high school teachers and two students from Little Rock Central High School — the same school attended by the Little Rock Nine following the Brown vs. Board of Education ruling ending public school segregation — argue the legislation caused a large amount of “anxiety, stress, and consternation for teachers, parents, and students alike across Arkansas.” 

This ultimately resulted in the courses being eliminated from the state catalog. Barry Johnson, president of the NAACP Arkansas State Conference, said the move makes it clear that people have forgotten about the Black history created in the state, also known as “The Land of Opportunity.” “The Black community in Arkansas has a decades-long history of fighting for equitable education,” he said. 

“Let’s not forget — it was Arkansas children who shouldered the responsibility of integrating our nation’s schools. Nearly seven decades later, we carry the torch by fighting for the right for that history to be taught.”

Little Rock Central High is also the alma mater of Arkansas’s Republican Gov. Sarah Huckabee Sanders, who first signed the legislation in January 2023 as an executive order to ban what supporters call the “indoctrination” and teaching of critical race theory (CRT). She once claimed CRT had no place in Arkansas classrooms as it is “antithetical to the traditional American values of neutrality, equality, and fairness.” 

After the governor signed the act into law in March 2023, it allowed the Arkansas Department of Education to create “enhanced processes and policies that prevent prohibited indoctrination, including Critical Race Theory, as it relates to employees, contractors, and guest speakers or lecturers of the department.”

However, opposers like Lawyers’ Committee for Civil Rights Under Law Director of the Educational Opportunities Project, David Hinojosa, thinks the act gives students only part of the nation’s story, forcing teachers to give a “whitewashed” version of American history. “Frankly, it’s downright offensive and unjust for Arkansas to be forcing educators to censor their discussion on racism and stripping the AP African American Studies course of all its benefits, including extra weight for their GPAs and potentially earning college credit,” he said, according to The Hill. 

Looking past legislation resistance, the state Supreme Court ruled in favor of the law, saying the act passed with a valid emergency clause in October 2023. 

RELATED CONTENT:NAACP Cites Crown Act After ShopRite Allegedly Sent Employee Home For Having Red Braids

Michael Steele, RNC Chair, Trump

Former RNC Chair Sarcastically Trashes Donald Trump Over Criminal Trial, Calls It ‘Such A Proud Moment’

Does he have a point?


Former chair of the Republican National Committee Michael Steele jumped on Twitter to express his feelings about Donald Trump’s criminal trial proceedings. 

Steele, a longtime outspoken critic of the former president, called the trial, which started April 15 in New York, “such a proud moment for the @GOP.”

“Our nominee for president is sitting in a courtroom on trial for 34 counts of first-degree falsifying business records,” Steele tweeted. “This case is NOT about the payment but rather about the “catch and kill” scheme—the effort to falsify official records—to conceal his agreement with others in order to cover up the payment from the public and “to unlawfully influence the 2016 presidential election. So proud.”

The former lieutenant governor of Maryland provided a detailed summary of the accusations against Trump, including a pay-off to porn actor Stormy Daniels and Playboy model Karen McDougal before the 2016 presidential election in an attempt to keep them quiet regarding alleged sexual encounters. He sarcastically touched on Trump’s “Christian values,” stating his wife was at home nursing their newborn son while the alleged acts occurred. 

Steele has never held back on his opposition to the four-time indicted politician. In February 2024, as a guest on MSNBC’s Morning Joe, he trashed fellow Republicans for their support of the candidate, claiming they were putting on a show for nothing.

“Yeah, it’s how you grind yourself down as a national party into the dust of nothing because the reality as it is…there is no real runway here to sustain a long-term growth prospect for the Republican Party with Donald Trump as its head,” Steele said. “The Republican Party has spent the last eight years systematically taking out the leadership that could win. The candidates that could win are losing in primaries.” 

He also criticized Trump for his lack of shame and embarrassment in his efforts to return to the White House amid his legal woes. Describing Trump’s antics as a “crazy-behind circus,” he pressured the media not to become distracted.

“We should be embarrassed as a country right now that we find ourselves with this man as a potential next president,” Steele said.

Fellow Black Republicans are not in agreement. Rep. Byron Donalds (FL) said on Fox News that he thinks the trial will have the same impact on voters as the indictments, and placed blame on President Joe Biden.

“People are going to look at this; they’re going to say why are the Democrats and Joe Biden and these crazy DAs wasting our time with these stupid trials,” he said. “Why are the media networks fawning over this coverage left and right while the country is a mess, inflation is skyrocketed, and the world is on fire? Joe Biden is the one who is the master of disaster.”

Trump’s legal woes are far from over as he faces 88 charges, all of which he has pleaded not guilty to, but prompting four separate trials. While the other three have yet to be scheduled, prosecutors are sparring with his legal team over motions to delay the trials until after Election Day. It is up to the Supreme Court, which has a Republican majority, to decide whether he will be immune from charges as a former president.

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