Personal Finance

Cash
401(K) 2012 / Flickr Creative Commons

A recent Assets and Opportunities scorecard released by the Corporation for Enterprise Development shows North Carolina lagging behind other states in providing a stable financial landscape for asset building and growth.

The scorecard examined 67 factors in areas of healthcare, wealth building and financial opportunities. The shortcomings are even worse for the state's minority citizens.

A picture of a calculator and a balance sheet.
Kenteegardin / Flickr

Banks, businesses and non-profits are joining forces to help North Carolianians take control of their money.

A report from the finance web site WalletHub found that the Tar Heel State ranks in the bottom-third nationally for financial literacy.

Jan Dillon is the director of the new North Carolina Center for Financial Literacy.  She said financial literacy is knowing the skills to live comfortably within one's means, like budgeting, saving and planning.

Holiday spending cash – or the lack of it – is on the minds of many people this time of year.  There is a group of North Carolina state employees whose job is to make sure budgets are balanced and audits are perfect.  More than 300 of these fiscal agents gathered in Raleigh this week and were asked how they were planning on spending their holiday cash this season.

Service members, politicians and consumer advocates gathered in a round table meeting at the North Carolina National Guard headquarters today to discuss financial protections and hardships facing members of the military. Hundreds of service members struggling with debt have their security clearances revoked every year, making them ineligible for certain promotions and deployments. U.S. Representative Brad Miller says there are laws to help protect members of the military from predatory lending practices, but not enough people know about them.