Empowering Black Voices in Finance: Six Names You Should Know

KEY TAKEAWAYS:

  • This month we celebrate Black History and spotlight six financial educators who are making an impact.
  • From wealth-building to debt reduction strategies, these individuals offer money management guidance that is refreshing and relatable.
  • Listen, watch, and read what they have to say. They just might inspire you to revamp your budget for the coming year.

Do you have someone you can count on when it comes to financial advice? When talking about money–how we spend it, save it, and in this era of inflation, worry about it—it literally pays to have personal money management guidance.

In celebration of Black history, we’re turning the spotlight on six gamechangers who are simplifying finance and dispelling the taboo around money talk. Read, listen, watch, and learn something new!

1. The Budgetnista

Tiffany Aliche is a former teacher and the author of the New York Times Bestseller Get Good with Money. Combining her passion for both finance and education, Tiffany Aliche partnered with lawmakers in integrating financial education into New Jersey’s middle schools (The Budgetnista Law.) Through her Live Richer Movement, she has empowered women to save more than $350 million dollars and pay down more than $200 million in debt.

2. My Fab Finance

Tonya Rapley is an internationally recognized speaker, best-selling author, and professor at the City University of New York- Guttman Center, leading the development of their financial literacy certificate program. She focuses on helping people make informed financial decisions and started My Fab Finance in 2013 when she realized that “it was time to stop acting like I had it all together and start getting it together.” Tonya was named the “New Face of Wealth Building” by Black Enterprise magazine and selected as a modern History Maker by TV One.

3. Popcorn Finance

Chris Browning wants to teach you something about finance in the time it takes you to make popcorn. His podcast tackles stocks, making your career recession-proof, asking your boss for a raise, and more. Formerly an art major, Chris realized he had a talent and passion for money management and went on to work in the finance industry, as an analyst, bookkeeper, content creator, and producer. His down to earth money tips have been applauded across major media outlets including Forbes and NerdWallet, and he’s interviewed more than 100 financial experts.

4. Make Real Cents

Carmen Perez is the mind behind MakeRealCents, a platform committed to empowering individuals towards financial independence. Carmen specializes in educating millennials and Gen Z on effective money management and wealth-building strategies, imparting insights on topics such as investing, debt reduction, and savings. She’s also the mind behind Much, an app for budgeting and finance management. While her guidance is broad, she has addressed specific financial challenges and offered advice on side hustles relevant to the LGBTQ+ community.

5. BuildingBread

Kevin L. Matthews II, named one of the Top 100 Most Influential Financial Advisors by Investopedia, is on a mission to help individuals plan their retirement. A husband, father, and author of Starting Point: How to Build Wealth that Lasts, Kevin wants others to leave a financial legacy so wealth can be passed across generations. He leads classes and corporate events about investment planning, distilling concepts into plain English so finance feels approachable to people of all ages.

6. The Wealth Playground

Jasmine Paul is the award-winning author of A Boy, A Budget, and a Dream and Granny’s Vintage Camera. She is a certified financial education instructor, speaker, and entrepreneur whose primary focus is making wealth fun and accessible. She’s on a mission to inspire money conversations with children early and often and will be the featured guest on GreenPath’s Real $tories podcast this month where she reflects on her path to homeownership.

This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit.

Loan Alerts in the Wheelhouse App

Today we’re talking about loan alerts. You can set up loan alerts in Digital Banking so that you never miss a loan payment.

To get started, click the “More” tab in the bottom right-hand corner of your Wheelhouse Digital Banking app. Not signed up yet? Learn how to get started with Digital Banking.

  • Under the “Utilities” section, click “Settings” and then “Alerts”.
  • Next, click “Accounts”. Use the dropdown menu to select the account that you would like to setup alerts for.
  • Then, the different alerts that you can enable for your accounts will be listed, but today we’re focusing on loan alerts. Loan alerts will notify you when you have an upcoming or past due loan payment. You can specify the number of days before or after your loan payment due date that you would like to receive the alert. You can also choose the method of delivery, email or text message.

Once you click “Save”, you’re done! And your loan alerts are set up and ready to go.

If you have any other questions that you’d like us to answer, feel free to give our Phone Branch a call or visit our website and we’d be happy to help.

Money Mindfulness: Practicing Financial Self-Care

Full length shot of beautiful, happy young woman sitting on the cozy sofa with hands behind head, looking away, smiling and daydreaming.

The prevalence of self-care messaging reminds us to nurture our physical and mental well-being—with mindfulness practices, exercise routines, and virtual detoxing. But what about financial self-care?

When we cultivate positive money habits and plan for our future we are (quite literally) investing in ourselves. Financial self-care is rooted in self-awareness, discipline, and intentionality. Here are several ways you can practice financial self-care, starting now.

Build a Budget
Building a budget is akin to giving yourself the gift of clarity: it allows you to track expenses, identify potential areas where you can trim spending, and allocate funds to help you achieve financial goals. Rather than seeing budgeting as a restrictive practice, frame it as a tool that grants you freedom to spend where it matters. Connect with your financial institution to see what budgeting tools they offer and check out this interactive budgeting worksheet in the meantime.

Create an Emergency Fund
More than half of Americans fear they wouldn’t be able to cover daily living expenses for a month if they lost their income tomorrow, according to a recent Bankrate survey. Invest in your future peace of mind: set up an automatic, recurring savings deposit with the goal of setting three to six months’ worth of living expenses aside. If you’re living paycheck to paycheck, you can start small by setting aside 2% of your net income and gradually increasing your contribution rate when possible.

Tackle Debt
With recent federal interest rate hikes, borrowing costs have reached historic highs which means even your debt is costing you more money. If you’re feeling overwhelmed, you’re not alone. Taking proactive steps towards debt reduction can improve your financial health and significantly reduce your stress. Unsure where to begin? Explore a Debt Management Program, designed to pay off your debt in 3-5 years and deepen your financial resilience.

Plan for Retirement
If your employer offers a 401(k)-retirement plan, take advantage of this benefit (especially if your company matches part or all of your contribution). Don’t have a workplace retirement account? You can still open a Roth IRA—a tax-advantaged retirement savings account. If you find it challenging to save throughout the year, consider setting aside part or all of your tax refund as a way to begin investing without impacting your day-to-day budget.

Get Educated
One of the most empowering aspects of financial self-care is education. Chat with your financial institution about what resources they offer. If you want to explore courses and are worried about costs, take advantage of free financial education online. Whether you’re preparing to buy a home or navigating your auto loan, these sessions offer jargon-free, shame-free guidance to help you reach your financial goals.

This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit.

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