Maggie Lena Walker, born in 1864 in Richmond, Va., grew up helping her formerly enslaved mother wash clothes for others to make a living. Thirty-nine years later, on April 27, 1903, Maggie Walker became America’s first black woman to establish and head a bank.
We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal offer 10 great tips in the video below.
Sonny has bad credit and needs a small business loan. Of course you want to help, but can you make the payments or afford losing collateral if he defaults? Your daughter is going through a divorce and she needs the security deposit for her new apartment. If you give it to her, can you count on her to pay it back?
The PBS documentary Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions probably won’t take root as a holiday tradition like gathering the family round to watch It’s a Wonderful Life. But it’s sure to be a worthwhile reprieve from binge-watching A Christmas Story and other holiday TV classics. For more information on when Thinking Money is airing and to watch short clips from the show, check out this website.
When you write about personal finance for a living, lots of folks ask for your advice about their own money issues and problems. That places me in a difficult position because, while I’d like to help, in many cases there are just too many variables when it comes to offering good financial advice to people I barely know. And then there’s the “How dare you!” factor. That’s especially common when you primarily give advice about the spending side of people’s finances, like I do.
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