You want the best for your children. So what can you do to ensure they become adults who are happy and prosperous, rather than ones who are stressed out, living paycheck to paycheck? Teaching them about saving, debt, and compound interest is a good start; but instilling them with the right attitudes and mindsets is even more important. That’s because psychological failings … [Read more...]
The Next Recession is Overdue. Here Are 4 Ways You Can Prepare for It
In the words of the popular Game of Thrones television series, “Winter is Coming.” But with the threat of a recession in the future, are you financially prepared? That’s one of the questions raised by a new GoBankingRates survey which found that not only are many of us still reeling from the last recession which occurred nearly a decade ago, but we're also ill-prepared for … [Read more...]
Black Dads, Hit Hard By The Recession, Embrace New Roles As Stay-At-Home Fathers
From our friends over at Loop21.com: With the recession raging on, black men are fighting higher-than-ever unemployment rates. The latest unemployment rates recorded in August 2011 found that unemployment among black males reached 18%, the highest in more than 25 years. But as the ax comes down at work and new opportunities dry up, many black fathers are easing into a new … [Read more...]
Thriving in Marriage During A Recession
By Edward C. Lee From a technical standpoint many economists and financial experts have said that our nation's recession ended in June of 2009. While it may be "technically" true, for many families the struggle continues. Every week new reports come out about the number of newly unemployed or recently foreclosed upon. While things may be improving, the economy is still … [Read more...]
Money Monday: Will Money Lessons Learned During the Great Recession Be Quickly Forgotten?
by Dr. Charles Alonzo Peters Nearly 45 billion dollars was spent during the recent Black Friday weekend. Cyber Monday saw its highest single day online dollar volume in history, topping the $1 billion dollar mark for the first time in history. From the looks of it you'd hardly know we're in the middle of one of the greatest recessions in US history. A recent Newsweek … [Read more...]
For Poorer: How Has the Recession Affected Your Marriage?
by Aja Dorsey Jackson Shortly after buying our first home last summer, my hours at my full time job were cut to part time and I was eventually laid off. The loss of income has affected every area of our lives and our marriage has not been exempt from the impact. The effects go far beyond the obvious financial cutbacks we've had to make like no more dining out or planning … [Read more...]