In this episode of MYDM, we are taking a look at the concept of a Rotating Credit and Savings Associations, also known as lending circles an

We’re all familiar with the concept of a credit score and what it intends to project about your ability to make payments toward your debts a

With the development of technology making us more efficient in our work, Ben & Malcolm take a look at the trend of those calling a four-

The single greatest expense we all face is the cost of keeping a roof over our heads. Be it a basement apartment or the basement of your parents’ home, every year we make decisions about where we live and what we’re willing to sacrifice based on our home address. In this episode of #MYDM, Ben & Malcolm take a look at the landscape for renting as a Millennial in the United States. Pick your platform. Listen to this episode now! Hosts: @mydm1 and @malcolmonmoney Music: @beatsb

Most of us know the important basics of how to effectively select a credit card. But what about picking a credit card based on rewards and then doing that over and over again for points, travel credits and other perks? #MYDM explores the risky but fascinating world of credit card churning. Ben & Malcolm also cover how recent federal interest rate increases will impact your pockets and shake their fists at the stupidity of Black Friday. Pick your platform. Listen to this episo

The cat is out of the bag. Manage Your Damn Money is entering the most long-term, most daunting and most expensive endeavor ANYONE can undertake. #Parenthood. How much will it cost for childcare? What about clothes? How about a simple (and cheap?) trip to your favorite fast food joint? Ben & Malcolm explore all the financial difficulties of raising children in America. And did we mention one of them is having triplets? 👶🏽👶🏽👶🏽 Pick your platform. Listen to this episode n

What percentage of your income should you spend on rent? What percentage should you be saving? What will be left for transportation or groceries? We take a look at how much you should be spending on what when it comes to allocating your funds. Ben & Malcolm also discuss Congressman sleeping in their offices because the rent is too damn high, and Ben shares a recent realization that he could probably afford a luxury car if it weren't for a certain monthly expense. Pick your pl

Last night I joined American sports fans in watching the wonderfully well-known rivalry between racket wielding sisters Serena and Venus Williams. The two Compton raised tennis players faced each other for the 27th time in their professional tennis careers in the quarterfinal of the Women’s U.S. Open Championship. Much has been made in the sports world about Serena’s chasing several women’s records including the possibility of completing a sweep of all major tennis champion

Written by Ben Carter It's incredibly fitting that we sometimes realize things about our own lives that only arrive after we hear of news of something happening to another person or group of people. It would be the equivalent of having your girlfriend break-up with you a week after hearing your 67-year-old Aunt Meredith and Uncle George are getting divorced for the third time, or realizing you've had an uncomfortable rash in your pelvic area after hearing a story about a Chla

Written by Ben Carter On June 16, the Washington Post published a story by Robert Samuels called “Millennials consider leaving Washington as the city becomes more costly”. A friend of mine texted myself and our group of friends the story, which profiles a 30-plus-year-old couple expecting their first child and the struggles they face as the costs of living in Washington, DC rise. The piece uses the couple as well as stats about the flow of millennials in and out of the city t

Written by Ben Carter When I was fresh out of graduate school, armed with a master’s degree, I expected I should have a job inside of my field relatively soon. My parents and community elders always expressed the value of higher education and so it went without saying that the promise of a solid job straight out of school seemed sure enough. The economic downturn of 2008 (also known as the Great Recession) had other plans. If you remember, the Great Recession had people with

Written by Ben Carter Yesterday I opened a letter from the Comptroller of Maryland. Below their logo is a wonderful tagline that reads “Serving the People”. I read the one-page letter and realized it had numbers on it. Those numbers represented an amount the state of Maryland wanted me to pay. The numbers were $1853.90. Maryland was indeed trying to serve me. Maryland was trying to collect some kind of tax bill. The bill threatened me with collection agency calls, “judgement