Black Women are Driving the Growth in Women-Owned Businesses

iStock/monkeybusinessimages
By Charlene Rhinehart

There’s no shortage of news about the evolution of women-owned businesses in the past few decades. More women are diving into entrepreneurship and earning a bigger piece of the financial pie that keeps the economy moving. According to the 2018 State of Women-Owned Business Report, commissioned by American Express, the number of women-owned businesses increased by nearly 3,000% since 1972. The report examines trends in women businesses, including black women-owned businesses, based on the 2012 Survey of Business owners and annual gross domestic product estimates.

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Meet Kelechi Anyadiegwu, the Young Entrepreneur Who Turned Down a Deal on Shark Tank



By Winnie Gaturu

When entrepreneurs present their businesses and ideas to the sharks on Shark tank, they all wish for one thing, to get a much needed boost. Some end up getting what they wanted or better, while others walk away disappointed. However, there are a select few who turn down offers made to them by the sharks and walk away determined to make it on their own. Kelechi Anyadiegwu is one such individual.

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Can Somebody Tell Celebrity Baby Mamas that Child Support is for the Child?

Chris Brown, daughter & Nia Guzman
By Brenda Alexander

Children are expensive...this I know. But after recent reports of Chris Brown’s baby mama Nia Guzman gunning for more than $20k monthly in child support, I’m stuck with one question: Are mothers of children who have wealthy fathers taking advantage of child support? Because you can’t tell me that $20k a month is a requirement to provide your child a decent life.

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Insecure Hits a Home Run Tackling the Reality of Living With Bad Credit

Insecure
By Mwabi Kaira

I saw something watching Insecure the other night that we rarely get to see on the screen; the bad credit struggle. A whole scene was dedicated to it and Issa’s dreaded score was right there on display. Our favorite awkward girl’s score is 425. She’s gone to see her friend Kelli for some help getting her financial situation in order. Of the four friends in the Insecure circle, Issa seems to be having it the worst. Molly is a very successful lawyer climbing the ranks at her firm and ready to take her talents to firms with more money. She has a wardrobe to-die-for and an amazing apartment. She’s the goals we dreamed of watching Maxine Shaw and Joan Clayton do their thing. Kelli is a very successful accountant and Tiffany is the bougie wife with the bougie job that throws fabulous dinner parties and enjoys her best bougie life. Bottom line, all three friends can afford international trips, retail therapy not limited to Ross and TJ Maxx, and dinners at upscale restaurants without saving for them. Issa would need a payment plan.

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Is the Man You're Dating Financially Responsible to Your Kids?

Ciara, Russell Wilson and Ciara's Son
By Brenda Alexander

Coming into a relationship with children can add layers of difficulties. A mother and child are a packaged deal, so when you date her, you essentially date her kid(s) also. The reality is, there are risks associated with dating a woman with children. And, if you decide to go steady, those risks turn into obligations. There is an expectation that once a man becomes seriously involved that he should take an active role in her children’s lives both emotionally and even financially. But how much should a man contribute financially to his girlfriend’s children? That’s the question and debate that was sparked after this social media post.

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Be the Boss of Your Finances With These Easy Breezy Apps


By Kira Sparkles

Are your finances not exactly where they should be? That’s okay! You’re in good company. Only 30% of Americans have any kind of savings or investment plan and roughly the same number have an actual budget for their household which means a lot of us have some work to do. Am I where I want to be financially? Absolutely not. However, I’ve managed to sock away some money in a savings account and even raise my credit score (woop woop!). I’m realizing the path to fixing my finances is a journey just like anything else. People talk about hair journeys and fitness journeys, so let’s take a finance journey. I promise it doesn’t have to be daunting. In fact, the first step is easy: awareness.

In the digital age, a lot of us don’t carry cash, but we do carry cell phones that have amazing apps to help keep us focused on our goals. I wanted to share some of my personal favorites that I hope can help you too.

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