Friday, November 24, 2017

Financial Advice Not Reaching Black America

May 2, 2011 by  
Filed under money, saving money

According to an article distributed by the Afro American Newspapers, we aren’t getting the same financial advice as our white counterparts: Only two out of every 10 African-Americans are on a path to achieve their retirement goals, according to a six-month-old survey of Blacks conducted by a major wealth manager. The study, entitled “The African-American […]

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The Money Mom: I Am Thankful!

This past November we celebrated Thanksgiving. For many of us, we had turkey, dressing, pies, cakes, and family on our minds. And I was no exception. I love that time of the year because I get to take time off from work to be with my family. This is not always easy for me to […]

Cash (Not Credit) Rules Everything Around Me

December 10, 2010 by  
Filed under money, saving money, shopping

We finally got the memo!  Cash is king, and credit cards put us in debt.  The New York Times recently reported that consumers are using their cash purchasing power instead of relying on credit cards this holiday season.  I’m right there with them.  As we noted, Black Friday (or any shopping for that matter) may […]

Black Friday Might Not Be For You…

November 25, 2010 by  
Filed under money, saving money, shopping

We were having a little fun on Twitter yesterday noting the many reasons why you should not partake in the Black Friday shopping orgy.  And while many observations were said in jest, it is a way of speaking the truth.  Many of these admonitions are based on our own personal failings, mistakes, and lessons learned.  […]

Check Your Mailbox for New Credit Card Rules and Fees

November 19, 2010 by  
Filed under money, saving money, shopping

Fortunately, I’m holding a zero balance on my store credit cards. So I was curious when I received mail from the World Financial Network National Bank and HSBC. Both mailings were similarly written to alert me about new rules on my credit card accounts. First up, late fees. According to my statements, late fees can […]

Personal Finance Roundup

October 20, 2010 by  
Filed under money, saving money

Several articles worth reading for getting your finances in order. Newsweek has a great article outlining the five signs that you’re headed for bankruptcy.  Those signs include using your credit cards for groceries and other housing expenses, not having health insurance, abusing a home equity line of credit, living paycheck to paycheck, and co-signing loans.   But […]

Remember Layaway?

October 5, 2010 by  
Filed under economy, money, saving money, shopping

Remember when you actually had to put your school clothes in layaway in July and August so you could have enough time to pay it off before school started in September?  There was no instant gratification back in the day.  If you wanted that new purse or new outfit, you had to put more than […]

Happy Birthday Social (In)Security

Last week marked the 75th birthday of legislation creating Social Security.  While politicians traded barbs back and forth on how the other political party has ruined it, Social Security remains in dire straits.  The reality of a program designed to provide a supplement to retirement income has morphed into a belief that social security in itself will fund […]

13 Tips for Savvy Consumers (aka How Not to Get Scammed)

March 31, 2010 by  
Filed under money, saving money, shopping

The Federal Government’s Consumer Action Handbook outlines 13 ways to keep from getting scammed: A deal that sounds too good to be true usually is! Be wary of promises to fix your credit problems, low-interest credit cards, deals that let you skip credit card payments, business/job opportunities, risk-free investments, and free travel. Extended warranties and […]

Save Some Money

February 22, 2010 by  
Filed under retirement planning, saving money

Perhaps you missed the press release, but February 21-28, 2010 is America Saves Week.  As did I, you may ask yourself, what’s this and why should I care?  For me, it only took one glance at my not-so-much savings account for me to want more information.  I work best saving money when I don’t know […]

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