Connect with us

#NNPA BlackPress

Update or change your spending to make sure you’re making the right decisions for you.

NNPA NEWSWIRE — Learning to adapt to changes is key to creating a healthy relationship with your finances. Taking control of your money means customizing your plans to your needs, so it’s important to remember to be flexible and open to change.

Published

on

To make sure your spending plan works, track and adjust your spending on a regular basis. (Photo: iStockphoto / NNPA)

Update or change your spending to make sure you’re making the right decisions for you.

A spending plan is a well-thought-out strategy that turns a budget into a manageable part of everyday life. If you already have a plan, what’s next? Most people understand the importance of sticking to a plan, but as your life changes and you work toward new goals, your spending habits will likely shift as well. When you don’t account for these changes, it’s easy to fall short of your goals.

Learning to adapt to changes is key to creating a healthy relationship with your finances. Taking control of your money means customizing your plans to your needs, so it’s important to remember to be flexible and open to change.

To make sure your spending plan works, track and adjust your spending on a regular basis. Here’s what that might look like.

Know when to adjust your spending plan

  1. Your income changes. This includes both increases and decreases: events like a promotion, a job loss, a raise, or other changes.
  2. Your situation changes. This includes moving, getting married, having a child, or having a loved one pass away.
  3. Your financial goals change. Maybe you’re ready to start saving for a wedding or a down payment on a house. Or, maybe you want to pay off student loans or credit card debt in the near future.

Adjust expenses in your spending plan

Look for opportunities within your expenses to make changes. Here’s how to do so:

  1. Re-examine where your money is going. It’s valuable to keep regular tabs on how you are spending money. Keep an eye out for “lifestyle creep” — these are small changes you’ve gradually made, such as going out to eat more, or making slightly more expensive purchases. Perhaps you’ve been promoted at work and want to splurge a little on yourself with new clothes. It’s OK to enjoy your accomplishments, but be sure to think about how this may affect the rest of your spending plan in the long-term. Look for balance: if you want to start spending 10% of your income on clothing or entertainment when you used to spend 5%, then look for ways to cut in other areas.
  2. Find opportunities to reduce spending. As you re-evaluate your plan, look for things you continue to pay for but don’t actually use. This might be a subscription or service that doesn’t offer what you need anymore. For example, if you recently got married, you and your spouse may want to consider consolidating your subscriptions to help cut costs. Be sure to review expenses that are coming out of your account automatically that you may have forgotten about.
  3. Find opportunities for discounts and deals. Every year or so, take another look at what you’re paying for items like insurance, internet, or other utilities. You could benefit from finding a new service provider or negotiating a lower rate. Perhaps you’ve even shopped at a store enough that you’re eligible for discounts. Being aware of these opportunities can help with your financial goals. Small changes like this can add up and make a big difference when you’re working toward a goal such as saving up for a down payment on a house or paying off student loans debts.

Don’t forget to make adjustments to your plan as you go through these steps.

To be valuable, your spending plan needs to be flexible. By both meeting current financial goals and knowing when it’s time to adjust, you can make sure you’re getting the most out of your resources.

© 2019 Wells Fargo Bank, N.A All rights reserved.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

#NNPA BlackPress

Remembering George Floyd

Published

on

Continue Reading

#NNPA BlackPress

OP-ED: Oregon Bill Threatens the Future of Black Owned Newspapers and Community Journalism

BLACKPRESSUSA NEWSWIRE — Nearly half of Oregon’s media outlets are now owned by national conglomerates with no lasting investment in local communities. According to an OPB analysis, Oregon has lost more than 90 news jobs (and counting) in the past five years. These were reporters, editors and photographers covering school boards, investigating corruption and telling community stories, until their jobs were cut by out-of-state corporations.

Published

on

By Dr. Benjamin F. Chavis, Jr.
President and CEO, National Newspaper Publishers Association

For decades, The Skanner newspaper in Portland, the Portland Observer, and the Portland Medium have served Portland, Oregon’s Black community and others with a vital purpose: to inform, uplift and empower. But legislation now moving through the Oregon Legislature threatens these community news institutions—and others like them.

As President and CEO of the National Newspaper Publishers Association (NNPA), which represents more than 255 Black-owned media outlets across the United States—including historic publications like The Skanner, Portland Observer, and the Portland Medium—l believe that some Oregon lawmakers would do more harm than good for local journalism and community-owned publications they are hoping to protect.

Oregon Senate Bill 686 would require large digital platforms such as Google and Meta to pay for linking to news content. The goal is to bring desperately needed support to local newsrooms. However, the approach, while well-intentioned, puts smaller, community-based publications at a future severe financial risk.

We need to ask – will these payments paid by tech companies benefit the journalists and outlets that need them most? Nearly half of Oregon’s media outlets are now owned by national conglomerates with no lasting investment in local communities. According to an OPB analysis, Oregon has lost more than 90 news jobs (and counting) in the past five years. These were reporters, editors, and photographers covering school boards, investigating corruption, and telling community stories, until their jobs were cut by out-of-state corporations.

Legislation that sends money to these national conglomerate owners—without the right safeguards to protect independent and community-based outlets—rewards the forces that caused this inequitable crisis in the first place. A just and inclusive policy must guarantee that support flows to the front lines of local journalism and not to the boardrooms of large national media corporations.

The Black Press exists to fill in the gaps left by larger newsrooms. Our reporters are trusted messengers. Our outlets serve as forums for civic engagement, accountability and cultural pride. We also increasingly rely on our digital platforms to reach our audiences, especially younger generations—where they are.

We are fervently asking Oregon lawmakers to take a step back and engage in meaningful dialogue with those most affected: community publishers, small and independent outlets and the readers we serve. The Skanner, The Portland Observer, and The Portland Medium do not have national corporate parents or large investors. And they, like many smaller, community-trusted outlets, rely on traffic from search engines and social media to boost advertising revenue, drive subscriptions, and raise awareness.

Let’s work together to build a better future for Black-owned newspapers and community journalism that is fair, local,l and representative of all Oregonians.

Dr. Benjamin F. Chavis Jr., President & CEO, National Newspaper Publishers Association

Continue Reading

#NNPA BlackPress

Hate and Chaos Rise in Trump’s America

BLACKPRESSUSA NEWSWIRE — Tactics ranged from local policy manipulation to threats of violence. The SPLC documented bomb threats at 60 polling places in Georgia, traced to Russian email domains.

Published

on

By Stacy M. Brown
Black Press USA Senior National Correspondent

The Southern Poverty Law Center has identified 1,371 hate and antigovernment extremist groups operating across the United States in 2024. In its latest Year in Hate & Extremism report, the SPLC reveals how these groups are embedding themselves in politics and policymaking while targeting marginalized communities through intimidation, disinformation, and violence. “Extremists at all levels of government are using cruelty, chaos, and constant attacks on communities and our democracy to make us feel powerless,” said SPLC President Margaret Huang. The report outlines how hard-right groups aggressively targeted diversity, equity, and inclusion (DEI) initiatives throughout 2024. Figures on the far right falsely framed DEI as a threat to white Americans, with some branding it a form of “white genocide.” After the collapse of Baltimore’s Francis Scott Key Bridge, a former Utah legislator blamed the incident on DEI, posting “DEI = DIE.”

Tactics ranged from local policy manipulation to threats of violence. The SPLC documented bomb threats at 60 polling places in Georgia, traced to Russian email domains. Similar threats hit Jewish institutions and Planet Fitness locations after far-right social media accounts attacked them for trans-inclusive policies. Telegram, which SPLC describes as a hub for hate groups, helped extremists cross-recruit between neo-Nazi, QAnon, and white nationalist spaces. The platform’s lax moderation allowed groups like the Terrorgram Collective—designated terrorists by the U.S. State Department—to thrive. Militia movements were also reorganized, with 50 groups documented in 2024. Many, calling themselves “minutemen,” trained in paramilitary tactics while lobbying local governments for official recognition. These groups shared personnel and ideology with white nationalist organizations.

The manosphere continued to radicalize boys and young men. The Fresh & Fit podcast, now listed as a hate group, promoted misogyny while mocking and attacking Black women. Manosphere influencers used social media algorithms to drive youth toward male-supremacy content. Turning Point USA played a key role in pushing white nationalist rhetoric into mainstream politics. Its leader Charlie Kirk claimed native-born Americans are being replaced by immigrants, while the group advised on Project 2025 and organized Trump campaign events. “We know that these groups build their power by threatening violence, capturing political parties and government, and infesting the mainstream discourse with conspiracy theories,” said Rachel Carroll Rivas, interim director of the SPLC’s Intelligence Project. “By exposing the players, tactics, and code words of the hard right, we hope to dismantle their mythology and inspire people to fight back.”

Click here for the full report or visit http://www.splcenter.org/resources/guides/year-hate-extremism-2024.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.