Reverse budgeting, also known as the “pay yourself first” method, involves prioritizing savings and expenses, making it easier to hit savings goals and avoid overspending, and can be easily automated through direct deposit and sub-accounts.
Business
A space to support local, Black businesses, and highlight the everyday dollars and cents issues that impact your wallet and bottom line.
Posted inBlack Business Spotlight
Black Business Spotlight: Agape Oasis
Agape Oasis is a nonprofit organization that provides unconditional love and support to families affected by domestic violence, offering a range of services including child care, youth empowerment, community engagement, crisis support, and healing.
Posted inFinances FYI
The Ultimate Guide to Seasonal Credit Card Rewards
Cashback and travel rewards credit cards can save you money on holiday shopping and travel, but it’s important to choose the right card for your spending habits and to pay off the balance entirely each month to avoid high interest rates.
Posted inBusiness Spotlight
Business Spotlight: Colonial Market and RestaurantÂ
Daniel Hernandez has opened a supermarket chain, Colonial Market, in Minneapolis to address the lack of food accessibility in underserved communities, providing fresh produce, cultural foods, and prepared meals, as well as creating job opportunities and partnering with local nonprofits and churches.
Posted inFinances FYI
How to Find Legitimate Crowd Funding Opportunities
You may have heard of crowdfunding and wondered if it is a worthwhile investment. Crowdfunding can uniquely diversify investments and support startups and entrepreneurs without you needing the millions typically associated with venture capitalists or angel investors. However, it isn’t without risks, including the potential for fraud and scams. Learn more about determining if crowdfunding […]
Posted inBusiness
La Doña CervecerÃa – Celebrating culture, community and craft beer
La Doña CervecerÃa, a brewery in Minnesota, was founded by Sergio Manancero to honor the Latino community and provide a space for celebrating Latin traditions, offering a diverse selection of beers and hosting events and fundraisers for local nonprofits.
Posted inFinances FYI
Follow This Roadmap for Financial Success
Too many people were not taught about money in school or by their parents and have developed poor habits of overspending, ignoring their finances, or not planning for the future. Financial success is available if you are willing to set goals and make a plan to achieve them. This roadmap will guide you through the […]
Posted inBlack Business Spotlight
Black Business Spotlight: Mullur’e Cosmetics
Monique Green, founder of Mullur’e Cosmetics, has created a beauty brand that celebrates inclusivity and empowerment, donating a portion of the proceeds from her makeup line to ovarian cancer research in honor of her mother.
Posted inFinances FYI
How to launch a successful business: Essential steps and terms for entrepreneurs
Starting a successful business requires market research, a business plan, a value proposition, and a revenue model, while securing funding, getting legal affairs in order, setting up a bank account, and networking are essential steps to launching and growing a product with longevity.
Posted inBlack Business Spotlight
Black Business Spotlight: Mosaic on a Stick
Lori Greene’s Mosaic on a Stick studio offers a safe space for people to make art, explore themes of pain, healing and hope, and foster community healing, while her public works reflect her connection to her African and Native American heritage and her belief in art as a powerful tool for recovery.
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Ten Tips to Keep Your Business Cybersafe
To protect their data and operations from cybersecurity threats, businesses should create guidelines for accessing data, manage their network, maintain business continuity, protect data with encryption, identify vulnerable areas, ensure business objectives are aligned, and consistently log and monitor systems.
Posted inFinances FYI
Essential Financial Products for Every Major Life Event
While each person’s journey differs, many of us will share a few life events requiring significant investments. These milestones include major purchases, such as a first car or home. They also include investments in education, such as college or pursuing advanced degrees. Getting married, having children, and retiring are stages of life that bring financial […]
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Women’s sports lovers now have ‘a bar of their own’
Jillian Hiscock has opened A Bar of Their Own in Minneapolis, the first women’s sports bar in the Midwest, which aims to provide a safe and inclusive space for all fans of women’s sports.
Posted inBusiness
Essential tips for financial management during a career change
Before making a career change, it is important to review your current financial situation, understand the costs and consequences, calculate your needs.
Posted inBlack Business Spotlight
Black Business Spotlight: Focused Clothing
Lakeadra Aaron’s Focused Clothing brand has transformed from a car trunk business to a prominent Black-owned store in the Mall of America, thanks to her dedication to craft, community, and pursuing a meaningful legacy in the fashion industry.
Posted inBusiness
Move from renting to owning without breaking the bank
Buying a home requires careful financial planning, including considering upfront costs, getting financially healthy, and knowing what you can afford, in order to ensure a successful and affordable purchase.
Posted inBlack Business Spotlight
Black Business Spotlight: Chef Ed Porter
Chef Ed Porter is a visionary who combines his love for music and food to create immersive, multisensory experiences.
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Mortgage rates are dropping: what it means for Twin Cities homeowners and homebuyers
The Federal Reserve’s indication of a potential rate cut could provide relief for prospective home buyers and current homeowners locked into higher interest rates, and JPMorganChase offers advice on how to prepare financially for homeownership and refinancing.
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How much should you save for retirement? Here’s a guide
Retirement planning is essential for a comfortable retirement, and saving early and consistently is key, with a target of 15% of pre-tax income, a goal of $1 million by age 65, and investment options such as 401(k) plans and IRAs.
Posted inBusiness
Financial literacy for teens: how to mold savvy spenders
Teaching teens about personal finances, including bank accounts, credit and debt, investments, retirement savings, college accounts, budgeting, and tracking income and spending.