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What Every Sister Needs to Know about Money

Ebony, November 1997 | Article details

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What Every Sister Needs to Know about Money


Married and single Sisters need to know their net worth and how to make their money work for them.

IN this age of massive company downsizing and rampant consumer debt, most Americans, especially Black women, are only two paychecks from poverty. For many, the possibility of life on the streets is fast becoming a frightening reality. Even dual-income families find it hard making ends meet. So Sisters, even married ones, cannot afford the luxury of ignorance when it comes to managing their money in these trying times.

The first step in effective money management involves figuring out how much you have to work with, or your net worth, which equals your assets minus your …

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