Post Mortem Budget Examination (Video)

Many budgeting gurus recommend sitting down monthly, with your spouse or partner if you’re married, and formulate a budget for the upcoming month.  However, it’s important that you do something else FIRST.  And that is taking a few minutes to do a “post mortem examination” of this month’s budget.   Ask yourself: What worked well this month? What categories did …

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 …

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 …

Ignoring the Problem, financial Lifeguard, Christine Luken

Ignoring the Problem is NOT the Solution (Video)

Ignoring the problem is not the solution when it comes to your money. If you smelled smoke in your home, you would take immediate action to find the source and quench the fire. Ignoring the smell of smoke could result in a full-on blaze that might burn your house to the ground!   The same holds true for your money. …

Avoid Payday Lenders Like the Plague (Video)

Payday lenders position themselves as an alternative to an emergency fund. You’ll hear them say things like, “We can help you pay for car repairs, holiday shopping, or unexpected expenses.” This “help” comes at a very steep price: over 600% interest! [responsive_video type=’youtube’ hide_related=’1′ hide_logo=’1′ hide_controls=’0′ hide_title=’0′ hide_fullscreen=’0′ autoplay=’0′]https://www.youtube.com/watch?v=_VdgP34-Xl0[/responsive_video] Here’s an actual example that I got from a well-known payday …