Phi Beta Sigma -KUS P.O. Box 341 Willingboro, NJ 08046 us
Bigger and Better Business
Program History
Adopt A Business Initiative
Black Spend Initiative
Bigger and Better Business became the first national program of Phi Beta Sigma Fraternity. It was first introduced at the Tenth Anniversary Conclave, in Philadelphia, Pennsylvania (December 1924). When Bigger and Better Business was adopted as a national program, special emphasis was placed on encouraging and promoting Negro businesses.
Bigger and Better Business became the first national program of Phi Beta Sigma Fraternity. It was first introduced at the Tenth Anniversary Conclave, in Philadelphia, Pennsylvania (December 1924). When Bigger and Better Business was adopted as a national program, special emphasis was placed on encouraging and promoting Negro businesses. At its inception, the program sought to encourage Negro businesses to improve their business acumen, efficiency and service to the public, to be competitive with other businesses.
Black Spend Initiative
Adopt A Business Initiative
Black Spend Initiative
Phi Beta Sigma Fraternity Inc. is poised to change those grim numbers. The fraternity has developed something called the Black Spend Initiative (BSI) – designed to support, sustain and potentially recover Black-owned businesses and to increase the amount of time consumer dollars circulate in Black communities.
As part of the effort, frate
Phi Beta Sigma Fraternity Inc. is poised to change those grim numbers. The fraternity has developed something called the Black Spend Initiative (BSI) – designed to support, sustain and potentially recover Black-owned businesses and to increase the amount of time consumer dollars circulate in Black communities.
As part of the effort, fraternity members purposely searched for opportunities to support Black plumbers, contractors, caterers, lawyers, insurance agents, and many other businesses and services.
Adopt A Business Initiative
Adopt A Business Initiative
Adopt A Business Initiative
The purpose of our International Adopt-A-Business Initiative is to assist Black-Owned businesses with the development, promotion, and growth of a black-owned business. This initiative supports Phi Beta Sigma Fraternity Incorporated’s International Bigger and Better Business program. The goal of this document is to assist our chapters
The purpose of our International Adopt-A-Business Initiative is to assist Black-Owned businesses with the development, promotion, and growth of a black-owned business. This initiative supports Phi Beta Sigma Fraternity Incorporated’s International Bigger and Better Business program. The goal of this document is to assist our chapters from the International, Regional and State levels on how to effectively implement our Adopt A Business initiative. As a team we have listed below a few ways in which your chapters can promote, patronize and spotlight your chapters adopted business, Understand why an Adopt A Business MOU is important to have in place, as well as the benefits of establishing a relationship with your Adopted Business.
How to Build YOUR Emergency FUND
The Bottom Line
What Will You Need
The Bottom Line
Having an emergency fund is a necessity. Think of it as a shock absorber for the bumps of life, one that’ll keep you from adding to the load of debt you most likely already carry. The coronavirus outbreak has shone a giant spotlight on the difference having an emergency fund makes when a crisis hits.
KEY TAKEAWAYS
What Will You Need
The Bottom Line
An emergency fund is a key component of any good financial plan.
The rule of thumb is that you need to keep between three and six months’ worth of household expenses in your emergency fund.
In order to populate your fund, you should find ways to economize and contribute those savings—along with any financial windfalls—to it.
What Will You Need
What Will You Need
What Will You Need
While some call having one to two months’ wages in reserve ideal, most financial experts say that the recommended emergency fund amount should cover three to six months’ worth of household expenses. That’s a great idea, and a key part of any sound financial plan, but it also requires some effort to achieve.
The first step in the process is to figure out how much you spend each month.
While your household expenses may be higher or lower than the average, there’s no doubt that even three months’ worth of expenses is a big number. One look at that number and the average person’s first reaction is, “I can’t come up with that kind of money.”
Why So Much?
Where to Put the Money
What Will You Need
The amount of money required to populate a proper emergency fund is certainly significant, but we live in uncertain times with uncertain economies, especially in the wake of the coronavirus. Corporate loyalty is a thing of the past, and unemployment can happen unexpectedly, usually at the worst possible moment. Even without a global crisis, emergencies such as sudden illness or disability, major car repairs or a new roof, can be expensive, and there’s never a good time for When compared to what you’ll need over the course of 20 or 30 years in retirement, three months’ worth of expenses doesn’t look like much.
Though the amount of money needed in your fund may seem daunting at first, remember that it is a drop in the bucket compared with the amount you will have to save for retirement.
Where to Put the Money
Where to Put the Money
Where to Put the Money
Money market funds and high-interest savings accounts are two good places to park your emergency fund. You need safe, liquid options so that your money is accessible in times of need. These choices make it harder for you to dip into it (face it: you’ll be tempted to from time to time), and you’ll also earn a bit of return on the money.
The Bottom Line
Where to Put the Money
Where to Put the Money
View your emergency fund like an insurance policy. Once you have it, guard it carefully. It’s not a piggy bank. You should not using it for incidental expenses. In fact, as your salary rises, be sure to up the amount to match your new situation. Use the fund only in the event of an emergency and spend it carefully when you do need to draw on it. Remember, once that money is spent, it always takes much longer than anticipated to replace it. Start now and save whatever you can, even if it isn’t much. Having an emergency fund gives you a better shot at weathering a crisis without running up a credit card balance or taking out a personal loan.
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Bigger & Better Business
Unemployment Benefits.
COVID-19 Emergency Rental Assistance Program, https://www.nj.gov/dca/divisions/dhcr/offices/cverap.html