Friends and Money

Whether you know it or not, your friends influence you both personally and financially. Are your friends’ money habits helping or hurting you? When I was in a financial mess years ago, most of the people I hung out with were in the same boat: bouncing checks, visiting payday lenders, etc. It’s been said that I could guess your net …

Automate Your Savings, Christine Luken, Financial Lifeguard

Automate Your Savings Discipline (Video)

Automate your savings so you don’t have to discipline yourself to sacrifice some of your check each and every payday! We know that it’s important to save money, pay down debt, and invest for retirement.  However, sometimes it seems that we don’t get around to following through on our good intentions.  Why make it harder on yourself to save? Automate …

Money Is Not Evil (Video)

Ever heard the phrase, “Money is the root of all evil?” The truth is that money – just like a pen or other object – is neither good nor evil. Money is simply an extension of the person using it. Money is a tool. If you respect it and use it properly, you’ll have positive results. If you disrespect it …

Pay Debt, Save for Retirement, or Both? (Video)

Here’s a question that I frequently get asked by my coaching clients: “Should I stop investing in my 401k while working to pay off my debt?”   In most cases, the answer is no. If someone’s budget is really tight, even after trimming non-essentials, then it may be wise to temporarily suspend 401k contributions. Here’s why I want you to keep …

The Benefits of Cosigning a Loan (Insert Sarcasm Here) Video

There are many “fun” benefits that you may reap when you cosign a loan for a friend or family member and put yourself on the hook for their debt.  There’s upwards of a 75% chance that you’ll get to pay the loan yourself. You’ll have the pleasure of dealing with bill collectors, liens, garnishments and bank attachments if you don’t …

No Shame in Asking (Video)

I have quite a few coaching clients who preface their question to me with phrases like the following: “I’m embarrassed that I don’t know this but…” “This is probably a dumb question, but…” “I know I should probably know the answer to this, but…” Here’s what I want to say both to you and my clients: There is NO shame …