The National Black Church Initiative Financial Literacy Program
Teaching African Americans to Budget, Save and Plan for the Future![National Black Church Initiative Financial Literacy Program](images/content/finlit-slide.jpg)
Teaching African Americans to Budget, Save and Plan for the Future
![National Black Church Initiative Financial Literacy Program](images/content/finlit-slide.jpg)
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![Why Don't More Financial Advisors Look Like Lazetta Braxton"? - How to Address the Industry's Race Problem](images/content/braxton-article.jpg)
Why Don't More Financial Advisors Look Like Lazetta Braxton"? - How to Address the Industry's Race Problem More black families are entering the economic mainstream, have more income and are saving for college and retirement.... They need advice and [the financial services industry] is passing up millions of dollars by not reaching out to them. -Rev. Anthony Evans
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Savings
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You Can Save the Smart Way, Saving $35 Every Month
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The poll didn't examine how people are saving, but the latte-by-latte route is being challenged by some. “If you look at the things you spend the most money on, that’s where you can save the most money”, says Elisabeth Leamy, author of the new book “Save Big” and a “Good Morning America” consumer correspondent.
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How Much Should You Save?
SALARY | PER YEAR | PER MONTH | PER WEEK | PER DAY |
$5,000 | $714 | $60 | $14 | $1.96 |
$10,000 | $1,429 | $119 | $27 | $3.91 |
$15,000 | $2,143 | $179 | $41 | $5.87 |
$20,000 | $2,857 | $238 | $55 | $7.83 |
$25,000 | $3,571 | $298 | $69 | $9.78 |
$30,000 | $4,286 | $357 | $82 | $11.74 |
$35,000 | $5,000 | $417 | $96 | $13.70 |
$40,000 | $5,714 | $476 | $110 | $15.66 |
$45,000 | $6,429 | $536 | $124 | $17.61 |
$50,000 | $7,143 | $595 | $137 | $19.57 |
$55,000 | $7,857 | $655 | $151 | $21.53 |
$60,000 | $8,571 | $714 | $165 | $23.48 |
$65,000 | $9,286 | $774 | $179 | $25.44 |
$70,000 | $10,000 | $833 | $192 | $27.90 |
$75,000 | $10,714 | $893 | $206 | $29.35 |
$80,000 | $11,429 | $952 | $220 | $31.31 |
$85,000 | $12,143 | $1,012 | $234 | $33.27 |
$90,000 | $12,857 | $1,071 | $247 | $35.23 |
$95,000 | $13,571 | $1,131 | $261 | $37.18 |
$100,000 | $14,286 | $1,190 | $275 | $39.14 |
$125,000 | $17,857 | $1,488 | $343 | $48.92 |
$150,000 | $21,429 | $1,786 | $412 | $58.71 |
$200,000 | $28,571 | $2,381 | $549 | $78.28 |
$250,000 | $35,714 | $2,976 | $687 | $97.85 |
$300,000 | $42,857 | $3,571 | $824 | $117.42 |
$350,000 | $50,000 | $4,167 | $962 | $136.99 |