Browse Tag



5 Signs That You’re Smart With Money

Since you most likely work hard for your money, it’s important that you are also smart with money in order to hold on to it and put it to work so that it helps you achieve your financial goals.

Here are some signs that you are smart with money.

You Have a Budget

If you are smart with money, you have a plan written down to decide how you will spend your money each month. You know that without a plan, you might run out of money before your next paycheck or before your next invoice is paid.

Over the long term, those who budget effectively will have manageable debt, room to indulge occasionally, and savings to pay irregular or unexpected expenses and retire comfortably.

You Keep Your Financial Goals in Mind

People who are smart with money have short-term, midterm, and long-term financial goals. These goals may range from paying off a credit card to retire by a certain age or saving enough to start a business. Whatever your goals are, if you’ve always got them in mind, it’s easier to ignore unnecessary expenses like impulse purchases that may take you off your path.

You Leverage Credit Wisely

There are many ways to leverage credit to create wealth. However, wealth creation via credit only occurs when the item purchased is an asset that puts money in your account on a regular basis, and continues to gain value that exceeds the interest you are paying on it.

You Avoid Unnecessary Fees

Although fees related to banking and financial services are almost impossible to avoid, there are some that you should never have to pay. Being smart with your money means understanding the financial products you are using.

With your bank, you avoid being charged unnecessary monthly fees and fees for insufficient funds or bounced payments. With your credit card, you avoid paying late fees. Even with services such as PayPal, you use the free “family and friends” option to avoid their transaction fee.

You Shop for Necessities with a Plan

Raise your hand if you have ever walked into a store for a few items and walked out with three times as much as you originally planned to get. I’ve been there too. Failing to plan means planning to fail. That’s why I now create a list beforehand and stick to it (most of the time).  Whether you are shopping for your home or your business,  it’s smart to do so with a list that has your budget in mind.


Tony O. Lawson

Subscribe and Follow SHOPPE BLACK on Facebook, Instagram &Twitter

 Get your SHOPPE BLACK apparel!


16 Black Personal Finance Educators & Experts

Confession: I’m lightweight obsessed with building generational wealth and making the best personal finance decisions.

And why not be obsessed about it? The financial security that I want to create for my children’s children’s children can’t be built on hopes and dreams. It’s gonna take serious planning and preparation.

Part of that planning and preparation involves seeking advice from experts like Peregrin Private Capital. But there are so many people offering to help you “get your money right”. Who do you choose? Who can you trust? Who you gonna call?

To make that decision easier for you we’ve put together a list of melanated money mavens. These financial freedom fighters will help you make smart decisions related to budgeting, saving, spending and investing.

We’ve listed the vets and O.G’s as well as the New Jacks and Millennials. Research them to see who’s advice, opinions and values align best with yours. You see where I said do your research, right? Ok, cool. That way you can never say Tony ruined your life 😉

Personal Finance Educators & Experts

Michelle Singletary is a nationally syndicated columnist for The Washington Post. Her award-winning column, “The Color of Money,” is carried in over 100 newspapers and finance blogs that provides insight into the world of personal finance. If you run a personal business, corporate finance consulting may be useful to you too!

Dr. Boyce D. Watkins is one of the leading financial scholars and social commentators in the country. He advocates for education, economic empowerment and social justice.

Tiffany “The Budgetnista” Aliche is a best selling author, speaker and passionate teacher of fun, financial empowerment. Her company specializes in the delivery of financial literacy education.

personal finance

Jarim Person Lynn is the creator of Brass Knuckle Finance, a wealth building philosophy that promotes a cash based, no debt, high investment return way of life.

Carrie Pink, your “Financial Stylist”, is a lifestyle blogger, finance coach, and mom of five who teaches women how to blur the lines between frugal and fabulous so you can live an overall richer life.

Tonya Rapley is a nationally recognized millennial money expert. Her mission is to help millennials break the cycle of living paycheck to paycheck so that they can become financially free.

Malcom “MJ” Harris is the CEO of the National Care Financial Group, one of the largest Black owned financial services firms in the country.

Dr. Eric Patrick is the “Hip Hop Stock Doc” and the Founder and Chief Investment Educator of Black Market Exchange, LLC. He provides investment education so individuals may understand the stock market at its core enabling them to produce sound investment decisions.

After studying and mastering personal finance, Jalesa Ann paid off over $40,000 in debt, and began on the road to financial freedom. Now she uses her expertise to help other’s become moguls over their money through her company, “My Money Mogul

Marsha Barnes is the founder of The Finance Bar, a personal finance suite and mobile hub based in a retrofitted school bus. The Finance Bar aims to bridge the gap between individuals and financial wellness.

Kristin Sutton, LPC is empower young women to change the way that they think about money. She wants you to start budgeting like a BO$$

Clever Girl Finance is the creation of Bola Onada Sokunbi. She’s a Certified Financial Education Instructor (CFEI), money coach and all round finance junkie. She also saved $100,000 in 3.5 years.

Dominique Broadway is an award winning Financial Planner and the creator of Finances De•mys•ti•fied, an award winning organization that provides Personal Finance Coaching & Financial Capability solutions.

Kara Stevens is founder of the personal finance and lifestyle blog The Frugal Feminista , an online home dedicated to inspiring and informing women of color about financial empowerment, girl power, and “juicy” living.

Dominique Brown is a licensed financial advisor who helps individuals and small businesses overcome their financial roadblocks to financial freedom.

Kendra N. James is the Founder & CEO of The Finance Femme, a business financial consulting firm for women entrepreneurs. Helping entrepreneurs “manage money and control the chaos.”

-Tony Oluwatoyin Lawson