WASHINGTON -- If you're going to live your financial truth, sometimes you have to say "no" to folks.
One of the hardest times to stick to what you can afford is when you're invited to a wedding, an occasion that is ripe for overspending and guilt tripping.
And just two words can strike financial fear in potential guests: destination wedding.
WASHINGTON -- When my children were little, I was under the delusion that parenting stops when your child becomes an adult. But the truth for many parents is that the need is still great for their adult children who stumble and even fall flat for various reasons.
Such was the case for a mother who emailed me about the desire she and her husband...Read more
WASHINGTON -- I call her Betsy. And she's been good to me for the last 12 years. She's my Honda Odyssey minivan with 169,000 miles. I believe and trust she's still got a lot of life in her.
But lately Betsy has been having some trouble. And it's costing me quite a bit lately. She's in the shop right now.
"Please, help save her," I told my ...Read more
WASHINGTON -- I'm the mother of a black male, and I'm worried about his financial future.
My son will turn 20 at the end of the month, and there is one thing that is causing him a great deal of stress. He's concerned about finding the right career path and making enough money to live well.
By any reasonable measure, my son should have an upper...Read more
WASHINGTON -- Young adults have a saying that I think applies to a banking bill now in Congress that would roll back consumer protection gains won after the Great Recession.
We've got to "stay woke."
It's so easy to become complacent when times get better. In my experience, I find it harder for folks to save when they have more money. That's ...Read more
This is the giving season.
The IRS took your money and now it's time to give it back. People are positively giddy about getting a tax refund. Often, refunds are the result of over-withholding, meaning you gave the federal government more money than you owed.
By law, taxpayers have just three years to claim a refund. So, this April 17th is the ...Read more
WASHINGTON -- I purchased my first home in my early 20s.
Honestly, it wasn't because I had done a lot of research into why homeownership was right for me. It was more to avoid having to move back in with my grandmother Big Mama.
I was living in an apartment and quite satisfied with renting. If something broke, I could call the landlord to get ...Read more
WASHINGTON -- My new favorite comedian is Tiffany Haddish. She's a penny-pinching heroine.
Don't know her? You will.
Haddish was the breakout star in last year's comedy box-office hit "Girl's Trip." Offscreen, Haddish -- who grew up in foster care and is now socializing with such big-time uber wealthy actors and actresses as Will and Jada ...Read more
WASHINGTON -- Change is hard, so can I put on my parent hat?
As you may know, Congress passed some major tax legislation at the end of last year. Actually, it turns out that 26 percent of Americans don't know this, and about half haven't heard that income-tax brackets are changing under the new rules as well, according to a recent survey...Read more
WASHINGTON -- In today's world, we all have to play defense when it comes to our financial data.
We all need long computer passwords, anti-virus software and passcodes for our phones -- and we could really use an identity-theft prevention class.
You also have to get used to watching your online accounts. I have so many automatic alerts beeping...Read more
WASHINGTON -- We know they are out there.
They are the criminals who call and claim that you'll be arrested if you don't pay up on an old tax debt that you don't actually owe. But the official-sounding calls can be scary.
My 17-year-old daughter got such a call recently on her cell phone -- and she doesn't even pay income taxes. She suspected ...Read more
WASHINGTON -- I love hearing from my readers about their financial conundrums, and this month their questions included everything from how much they should save each year to how they can best donate to the victims of the Florida high school shootings. Here are my suggestions for the best way to handle their money.
Q: In light of this latest ...Read more
WASHINGTON -- Blacks know how to make money.
In fact, even during times when black folks were just a parent or grandparent removed from slavery, there were black millionaires.
Right here I want to make a qualifier: The average net worth of black households is concerning -- and indicative of the disturbing wealth gap in America.
As a Pew ...Read more