Lack of financial knowledge has resulted in many young adults making bad decisions with their money. Most money problems can be solved by learning how money works and using it to help you succeed.

If you fail to make payments, creditors will attempt to recoup the funds owed. If approved, creditors can freeze your bank account and withdraw funds directly. With a bank account levy in place, your options are limited.

Tracking the activity in your checking and savings accounts is a great money management strategy. In addition, your monthly bank statement is an excellent resource provided by your financial institution to assist you in staying on top of your finances.

Jala Eaton, Esq., Certified Trust and Fiduciary Advisor (CTFA), is the Founder and CEO of On My Own Financial, LLC and J. Eaton Law PC. Learn more about Jala Eaton, her company On My Own Financial, and her advice to other women entrepreneurs.

To attract new customers, credit card companies frequently advertise generous welcome bonuses. These welcome bonuses can quickly add up to many miles, points, and cash-back offers. Some people try to maximize their rewards by applying for multiple cards simultaneously. This process is known as credit card churning.

The Buy Now, Pay Later (BNPL) service is a new payment method that has become increasingly popular. Despite BNPL becoming more widespread amongst the younger generation, this program carries significant financial risks if the money isn’t paid back on time.

Credit cards, debit cards and prepaid debit cards can all be used to make purchases.  The best best choice for you depends on your spending goals and what you want to get out of the card.

For many years, Black Americans have been at a disadvantage when it comes to homeownership and acquiring wealth.

Sheena Allen is the Founder and CEO of CapWay, a digital financial services provider that aims to help those who have been underserved and overlooked by the traditional banking industry. Sheena shares her story and advice for other women entrepreneurs.

During the COVID-19 pandemic, there was high economic turmoil. To help keep the economy going, the Federal Open Market Committee (FOMC) determined that it was a good idea to lower interest rates to an all-time low.

With some careful planning and prudent spending habits, there is a home for almost every budget and financial circumstance.