The start of 2019 is not a good look for Toni Braxton. Her financial world is crumbling again, and she just can’t seem catch a break when it comes to the IRS. After calling it quits with her former fiance, Birdman, Braxton is reportedly close to nearly half a million dollars in back taxes. The […]

Trust us, you’re going to want to take notes before you tie that knot!

There is no way around the connection between spending and saving money. In short, the less you spend the more you can save.

  Today’s Money Mondays segment focuses on interest rates. The Federal Reserve’s Federal Open Market Committee will meet this week, and most of the people that follow it believe that the Committee will raise interest rates. This is something we have been expecting for some time, but it looks more certain now with unemployment falling […]

Tomorrow voters will choose the next president, but the election could see progress on the minimum wage front, too. Mellody: I am. As you know, the last few years have seen an increased focus on the minimum hourly wage in places around the country. From the “fight for 15” campaign among fast food and other service […]

There is good news about wages out of the Census Bureau this past week. Mellody: On Tuesday, we learned that after a slow and steady recovery in the wake of the great recession, 2015 was a breakout year for American wages. Last year, median household income grew to $56,500, up 5.2 percent from the previous year. That […]

There is recent news about the Affordable Care Act that another private insurance company is pulling out of some exchanges. Can you start by telling us a little about that? Mellody: Aetna announced this week that it was withdrawing from the Obamacare exchanges in 11 of the 15 states it had been doing business – […]

What do we need to know about the shocking development of Britain leaving the European Union? Mellody: This is a historic event and it will have broad economic and political consequences in the UK, Europe and here in the United States. First, a little background on the subject. To deal with political pressures ahead of […]

How are race and spending habits linked? We have heard a lot in recent years about economic inequality, but most, if not all, of the discussion has focused on income inequality. However, a new study out of Duke University, and highlighted in the Atlantic, points to another way economic inequality persists between white and Black […]

Today’s Money Mondays topic is crowdfunding. Why? Mellody:  As of last week, new rules rolled out by the Securities and Exchange commission will permit anyone, not just the well-heeled, to risk their own money investing in small companies in exchange for a stake in the business. Essentially, it allows anyone to act as a venture […]

  Tom: Hi, Mellody! Mellody: Good morning, Tom! Tom: This morning you join us to talk about tax time saving, and a campaign to promote savings.…

Tom: Today we are talking about some very interesting survey findings – from the Ariel investments Black Investor Survey 2015. Mellody: That’s right! And all…