Ebony Magazine has detailed common mistakes of how Afrikan Americans handle money. For most Black people these mistakes are true. Check out Ebony’s suggestions on how to avoid and recover from such mistakes.
- Not having a budget
- Loaning money to family and friends instead of paying off debts
- Living check to check without an emergency fund
- Excessively using credit cards, and being unaware of credit score
- Not having life insurance
- Not saving for retirement