Karen's Blog

Getting Past Your Old Money Messages About Work And Earning

getting-past-your-old-money-messages-about-work-and-earning-no-text No one would argue that our early family experiences don’t have a lot to do with how we lead our lives, but many of us don’t think about our relationship with work and earning as being connected to those experiences. Exploring your family history and the messages you absorbed from those early experiences can help you understand your current relationship with work and earning and can also help you examine whether your current work is “working for you.” Some people have never asked themselves what they want from their work. Some devalue their skills or their capacities and feel they have to accept something less. Others grew up in affluent families, hobbled by the presence of family money. Sometimes people who grew up with modest means uncover feelings of guilt for wanting a financial life bigger than the one in which they ...Continue Reading

Great Practical Tips On “Do No Harm” Spending

Change Your Spending Habits and Save Money In Seconds A good spending plan facilitates “Do No Harm” spending. At the end of movies in which there have been animal stunts, I often see the disclaimer “No animals were harmed in the making of this movie.” That’s how I like to feel when I’ve spent on something that is on my spending plan — “Karen was not harmed in the buying of this item.” The goal of having a spending plan is to enjoy the peace and self-esteem that come with “Do No Harm” spending. (excerpt from Financial Recovery: Developing a Healthy Relationship with Money) Here's a great blog post from Ari Gold, "The Money Stylist" and certified Financial Recovery counselor, titled "Change Your Spending Habits and Save Money in Seconds".  Check out her terrific tips!  Excerpt: "Can you change your spending habits and save money in just seconds? Yes, you can!  I...Continue Reading

The Life of A Financial Recovery Counselor: An Interview with Carrie Friedberg

Carrie Birgbauer Every now and then, when I’m talking to someone who’s interested in taking the Financial Recovery Counselor Training, I’ll be asked, “Can you tell me what it’s like to have a career as a Financial Recovery Counselor?”  These kinds of questions inspired me to start a new series of blog posts in which I interview some of my past trainees who’ve gone on to build lucrative practices in Financial Recovery. Today, I’m happy to feature my interview with Carrie Friedberg, who became a certified Financial Recovery Counselor in 2010 and now has a thriving practice in New York. Through a holistic coaching process, Carrie guides her clients in taking an honest look at their income and expenses then helps them create a flexible framework for making consistent and guilt-free financial decisions. You can visit Carrie’s websi...Continue Reading

Myth: Money Is The Number One Reason People Get Divorced

happy_couple_blog As Valentine’s Day approaches, couples may be feeling more financial fear than ever. Yet, money problems present an opportunity for couples to draw closer together, rather than tearing them apart. “The notion that money is the #1 reason people get divorced is absolutely false. “It may be the symptom of problems in the relationship, but it is not the cause.” Money often becomes the currency of emotion in a relationship. In this economic environment, romantic partners may be using money as a substitute for addressing common areas of relationship challenges, including: Anger: There can be danger in anger. If one person in the relationship does not feel their needs are important, or feels they are not being met, they may use money to express anger. Resulting behaviors can include overspending, or closing the purse strings so ...Continue Reading

How to Save Your Way Out of Debt, Part Two

Spend Or Save Did you know that 43% of American families spend more money than they make every year? And 45 million Americans carry a debt of over $10,000. Debt has become a way of life for way for most Americans. Our economy thrives on it. But if you’re in debt, you know how this “way of life” can weigh heavily on your peace of mind, diminish your sense of possibility and darken almost every aspect of your life. Last week, I shared the first 5 steps of my 10-step formula for getting out of debt and staying out of debt.  Now, let’s jump into the final 5 steps of how to “Save Your Way Out of Debt.” These steps are consecutive, so if you missed the first 5 steps, you’ll want to read those first. Step 6: Build Your Safety-Net Everybody needs a safety net. Whether you’re self-employed or work for someone else, you need a...Continue Reading