Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (2024)

Home

Who better to teach Black women about finance than another Black woman?

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (1)

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (2)

By Danielle James·Updated May 18, 2021

Financial literacy is no longer optional in today’s society. In order to secure the bag you need to know the basics of financial topics like managing your debts, saving your money, investing, and budgeting. Wondering where do you gain this knowledge? You can read books on personal finance, hire a financial advisor, or take advantage of the internet and access free information from financial experts.

A financial expert is an individual that can advise you on your finances and by utilizing their expertise to create personalized financial plans, assist you in your financial goals, and give you access to financial information to strengthen your financial literacy. You can’t know it all and your financial advisor is here to help. However, it’s imperative you do due diligence on your financial expert. Money is subjective—what works for one individual may not work for you. Your financial advisor will help find avenues to help you reach financial freedom and your goals.

If you don’t have the funds to invest in a financial advisor at the moment, don’t worry. There is a ton of access to information via the internet. You can find individuals who are financially knowledgeable on the internet with affordable online courses, blogs with a wealth of information, social media channels providing you snippets of important information, and more. We rounded up 5 Black women who are in the know when it comes to managing your finances.

01

Tiffany Grant

Tiffany Grant considers herself a financial literacy advocate and provides practical tips and tricks to help you save money. Her site Money Talk With T guides you through her three-step program to financial wellness. Grant focuses on living below your means to help you achieve your financial goals and even states that “frugal is her middle name.” Tiffany is a candidate for her Accredited Financial Counselor certification and a former Financial Associate. Her podcast interviews everyone from entrepreneurs to real estate investors and financial experts, to provide you with a wealth of information (literally!). You can feel her passion for financial wellness and her practical tips and tricks will have you on the road to your financial goals in no time.

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (3)

02

Clarissa The Budget Queen

Clarissa refers to herself as “The Budget Queen” and we can see why. If you need to learn how to save and ways to cut costs, this Newark, NJ queen will teach you. Immediately when you visit her site, Budget Queen Blog, Clarissa provides you with a budget worksheet. In 2008, Clarissa worked at a bank in the credit card department, the knowledge she learned there helped her to get rid of $43,000.00 in credit card debt in 16 months. To date, she’s helped over 700 women create a budget and saved them over $10,000. Her blog is broken down into budgeting, savings, and credit so you can easily direct your focus. She provides a bevy of free money tools and resources on her website as well as affordable courses and e-books (all under $50.00) that will teach you skills like how to break the paycheck to paycheck cycle, educating your kids about money, and even buying your first home.

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (4)

03

DASHA KENNEDY

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (5)

04

Dasha Kennedy

Dasha Kennedy is a self-proclaimed financial activist and the founder of The Broke Black Girl. She has over ten years of experience as an accountant and default counselor. Kennedy is filling the gap in financial literacy by focusing on spending triggers that are leading women into debt. If you do have some money to invest in your financial future, her financial coaching services start at $99.99 for a discovery call and analysis and goes up to $429.99 for ultimate financial coaching. It’s more affordable than hiring a financial advisor. She also offers freebies on her site including a free budget template as well as 25 ways to improve your relationship with money. Kennedy and her resources will make you feel like you are discussing money with a good friend, it’s hard not to feel comfortable!

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (6)

05

Mahi Amah

Mahi Amah is a former ER doctor who now uplifts all Black women through financial literacy on social media. She’s on a mission to “help Black women become wealthy AF!” Amah’s Instagram page, BlackWomxnAreWealthy provides tips to grow your money like how to use a Roth IRA to grow your money and ways to pay fewer taxes as a W-2 employee. She provides easy to access links to wealth calculators like a compound interest calculator, retirement withdrawal calculator, as well as a take home pay calculator. For $247.00, she’ll provide you with a 30 minute, one on one wealth consultation where you can discuss any specific investing or wealth-building questions you may have.

Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (7)
Money Matters: 5 Black Women Who Will Improve Your Financial Literacy | Essence (2024)

FAQs

Who is the most powerful black woman in finance? ›

Thasunda Duckett

Hailed as one of "the most powerful women in banking" by American Banker, Ducket advocates for inclusion in finance. Duckett is an American businesswoman who serves as the president and chief executive officer of TIAA.

What are the 5 pillars of financial literacy? ›

This article will explore the five basic principles of financial literacy: earn, save & invest, protect, spend, and borrow, providing you with actionable insights to enhance your financial knowledge and make the most of your resources.

What is the book about finances by a black woman? ›

Get Good with Money” by Tiffany Aliche, The Budgetnista

In “Get Good with Money: 10 Simple Steps to Becoming Financially Whole,” Tiffany Aliche shares financial mishaps and wins, stories from her real life that are incredibly relatable.

Who is the black female money coach? ›

Michelle Singletary

She shared her personal finance solutions on a nationally televised show she hosted. And also started a prison outreach program where she teaches female inmates money management upon their release. Check out one of her book titles and get right with your finances.

Who is the only black female CEO? ›

The timing is notable; for all of September, TIAA CEO Thasunda Brown Duckett stood alone as the only Black female CEO in the Fortune 500 following the exit of Walgreens chief Roz Brewer. With Townes-Whitley's hire at SAIC, Duckett is no longer an “only” among Fortune 500 chiefs and the smaller group of 52 female CEOs.

Who wrote the smart money woman book? ›

Arese Ugwu - Author, Producer - The Smart Money Woman | LinkedIn.

What is the little book that builds wealth about? ›

"The Little Book That Builds Wealth provides a sensible framework for identifying companies that can sustain high returns on capital. Pat Dorsey tells the reader how to look for durable competitive advantage in choosing equities.

Why is the woman in black a good book? ›

A fine, chilling ghost story, good to read around Halloween. A chilling, traditional ghost story, with a strong Victorian feel: a lone lawyer goes to a spooky house on the marshes, plagued by stories of madness and death. No great surprises, but shocking none-the-less.

Who is the famous money coach? ›

Dave Ramsey is the founder and CEO of the company Ramsey Solutions, where he's helped people take control of their money and their lives since 1992. He's also an eight-time national bestselling author, personal finance expert and host of The Ramsey Show.

Who is the black celebrity life coach? ›

Iyanla Vanzant
Occupation(s)Inspirational speaker, lawyer, spiritual teacher, author, TV personality
Years active1980–present
Children3
Websitewww.iyanla.com
3 more rows

Who is the black female coach at Washington? ›

Jennifer King (born August 6, 1984) is an American football coach who is an offensive assistant for the Chicago Bears of the National Football League (NFL). She is best known for being the first black woman to be a full-time NFL coach upon being named assistant running backs coach for the Washington Commanders in 2021.

Who was the first black woman in finance? ›

In November 1903, Maggie L. Walker (1864-1934) chartered the Saint Luke Penny Bank in Richmond, VA. She was the first African American woman to establish a bank in the United States.

Who is the only black woman CEO of the Fortune 500? ›

Walgreens Boots Alliance (WBA) has announced on its website that Brewer is no longer its top executive. Her departure leaves Thasunda Brown Duckett as the sole Black woman leading a Fortune 500 company. Duckett, president and CEO of TIAA, assumed her position two months after Brewer.

Who is the black female Fortune 500 CEO? ›

Just four women who identify as Black have served as the CEO of a Fortune 500 company: Ursula Burns, CEO of Xerox XRX -0.3% Corporation (from 2009–2017) Mary Winston, CEO of Bed Bath & Beyond BBBY 0.0% (from May–November 2019) Roz Brewer, CEO of Walgreens Boots Alliance.

Top Articles
Latest Posts
Article information

Author: Domingo Moore

Last Updated:

Views: 5958

Rating: 4.2 / 5 (53 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Domingo Moore

Birthday: 1997-05-20

Address: 6485 Kohler Route, Antonioton, VT 77375-0299

Phone: +3213869077934

Job: Sales Analyst

Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio

Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.