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 …

Make It a Treat (Video)

I recently read the book, “Happy Money: The Science of Smarter Spending” by Elizabeth Dunn and Michael Norton.  The authors made the  interesting discovery that people enjoy purchases like fancy lattes, Belgian chocolate, and massages MORE when they had them LESS often.  Why is that? When something is an occasional treat, rather than part of your routine, you have more happiness and …

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 …

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 …

Do You Need a Financial Coach?

How do you know if you need a financial coach? Ask yourself these questions: Am I constantly worried or thinking about money? Do I frequently argue with my spouse or partner about financial issues? Am I drowning in debt? Do I feel like I’m treading water, working hard and making good money without much to show for it? If you answered yes …

pawn shops

Pawn Shops are Not All Fun and Games (Video)

TV shows like Pawn Stars make it seem like pawn shops are all fun and games. However, most of what these programs show are people selling their cool and unique items. What’s the difference between pawning and selling?   Selling is straightforward: we agree on a price, I give the item to the pawn shop and they pay me cash …

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. There …