At the town hall discussion for CNN’s Almighty Debt: A Black In America special, Pastor Soaries and Bishop T.D. Jakes explain why pastors should get involved in the financial matters of parishioners.

What we must realize is that it was not wrong for people to want a new home or car. But it was wrong for financial institutions to prey on those desires with unbalanced financial solutions.

In a recent survey 54 percent of respondents reported having less than $25,000 in total savings and investments, excluding their home or workplace pension, if any. Some 27 percent said they don’t have even $1,000.

Via: Women are more educated, earn higher incomes and have a more powerful role in the workplace than women of previous generations.

It's easy to be lured in by the sale signs and special promotions at a department store, but by the time you leave, you may feel as if you've been had. Department stores employ several "tricks" to get customers to spend more -- and to the untrained eye, they are not so easy to spot.

Dave Ramsey warns against co-signing.

African-Americans are the largest racial minority market, constituting 11% of the U.S. adult population, per research firm Experian.

VIA Staying on top of one’s finances can be a daunting challenge made more difficult by money-management myths we believe and little lies that we often tell ourselves. In some areas of life, a little white lie might be perceived as harmless. But when it comes to money matters, the myths and misconceptions we […]