im banning the budget, christine luken, financial lifeguard

I’m Banning the Budget

I’m banning the budget! Yes, you heard me right, I am banning the B-word from my vocabulary. Words are powerful. Words are loaded with meaning. And the word “budget” is loaded with negative connotations. When I ask my clients what comes to mind when I say “budget,” here’s what they say: “Discipline.” “Restriction.” “Deprivation.” “No fun.” It’s a wonder that …

More Than Fifty Shades of Gray

More Than Fifty Shades of Gray

  There are more than fifty shades of gray when it comes to money, because each person’s financial situation is unique and complex. Earlier this month I sent out a daily series of emails, entitled “The Top 10 Money Mistakes You Might Be Making,” which I’ve compiled HERE. I received several interesting responses directly from you, my dear readers. A …

Trying to Look Rich, Christine Luken, Financial Lifeguard

Trying To Look Rich Versus Being Rich

There’s a huge difference in trying to look rich versus being rich. The term “rich” is subjective and we can argue over exactly what that means. I really love the definition of rich that Jen Sincero gives in her book, You are a Badass at Making Money. “RICH = Able to afford all of the things and experiences required to …

I Let My Heart Hijack My Wallet

The following is the introduction from my book, “Money is Emotional: Prevent Your Heart From Hijacking Your Wallet.”  Available at Amazon.com on March 21, 2017. When I hit financial rock-bottom, four years after graduating from college, I owed money to three different payday lenders. I was behind on my car payment and had past due utility bills and credit cards. …

Tis the Season for Emotional Spending

Emotional spending peaks in the month of December when we’re doing our holiday shopping. In this video, I share tips on how to keep Santa from emptying your wallet! Be mindful of your emotional spending triggers.  Do others in your family pressure you to spend more than you’d planned?  Are you buying extra presents for your kids because you’re trying …

overdraft protection, Christine Luken, Financial Lifeguard

Overdraft Protection: Blessing or Curse? (Video)

If you are constantly overdrawing your bank account, overdraft protection may seem like a great idea… But in truth, it’s simply allowing you to ignore the problems of overspending and failing to balance your accounts. I recently interviewed a military mom for my book, Money is Emotional: Prevent Your Heart from Hijacking your Wallet, on this subject.  Her husband had always handled the …

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 …

Is Cash Really King? (Video)

Is cash really king?  Well, consider this: when you make purchases with cash, it actually registers as pain in your brain. That’s actually a good thing and we can use it in our favor to control our spending. When people use credit cards instead of cash, they typically spend 12 -18% more.   Cash can be a great way to …