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Budgeting With Military Precision

Aaron And Melanie Ferguson have taken solid steps toward building the $1 million retirement cache they are determined to create in 20 years. Since they married 11 years ago, Aaron,...

HBCU Students Seek More Avenues for Funding

Audia Cook, a sophomore at Hampton University (No. 4 on the Black Enterprise Top 50 Colleges for African Americans list), passed up an opportunity to apply for an internship this summer as a pharmaceuticals sales representative with Blue Care Network of Michigan. She says waitressing will allow her a better chance to enroll next fall.

Balancing Act

After Shelly Robertson’s nine-year marriage ended in 2006, she quickly adjusted her lifestyle. As part of a two-income household bringing in more than $250,000 each year, Robertson and her ex-husband took spur-of-the-moment vacations to the Caribbean and had the resources to purchase whatever they wanted. But once Robertson became a divorcée in charge of taking care of the couple’s 10-year-old son, she had less money to work with. The changes forced her to become more aware of her financial decisions. Robertson now has a household income of $106,200, which includes monthly court-ordered child support payments of $1,100. Still, the senior program manager at a finance company now maps out all her purchases. The adjustment has been difficult, but the 38-year-old Upper Marlboro, Maryland, resident says she’s up to the challenge.

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