News to Know

  It’s Financial Literacy Month! Throughout the month, we'll be sharing tips and resources to help you achieve your financial goals. This month-long event is an opportunity for us to focus on improving our financial health and knowledge. Whether you're looking to save more money, invest wisely, or plan for retirement, there's never been a better time to start. It is important to understand that financial fitness is not a one-time event; it is a journey that requires discipline, practice, and patience. The good news is that with the right mindset and tools, anyone can achieve financial fitness!   Here...

Financial stress is a common problem that many people face, but it affects women of color more severely. Inequality in the workforce, lack of access to resources, and systemic racism contribute to this issue. It's time to address this problem and find solutions that can help alleviate financial stress for women of color. The Gender Wage Gap One of the biggest contributors to financial stress for women of color is the gender wage gap. Women of color earn significantly less than their white, male counterparts. Black women earn just 63 cents for every dollar earned by white, non-Hispanic men, and...

Introduction The disparity in wealth between Black and white Americans is an issue that has persisted for centuries. Despite some progress in recent years, the wealth gap continues to be a significant problem that affects millions of Black Americans. The financial gap between Black and white people is a critical issue that has been discussed for generations, and it is essential to understand the reasons behind it.   Systemic Racism in the Financial System One of the primary reasons for the financial gap between Black and white Americans is systemic racism. For centuries, Black people have faced discrimination in various...

In 2021, the average American had a debt loan of $96,371, a 3.9% increase from 2020. All 50 states, including Washington, D.C., experienced a hike in average balances. People sometimes need extra cash to cover unexpected expenses, and payday loans can be a temporary solution. Payday loans can help you get the money you need until your next payday. But if you don’t pay attention, these loans can plunge you into debt and push you to get a new loan to pay off old debts. So how do you avoid the debt trap? This article helps you learn how to...

  Financial freedom is a term that is often thrown around, but many people do not fully understand what it means. Financial freedom is the ability to live the life you want without worrying about money. It means having enough money to cover your expenses and save for the future. Achieving financial freedom may seem daunting, but it is more accessible than you think.  Budgeting A budget is a plan for how you will spend your money each month. It allows you to see where your money is going and make adjustments as needed. To create a budget, start by...