Karen's Blog

Money Moments – The Cure For Impulse Buying

Impulse Buying What do you dream of having today—a new purse, a house, a vacation, a car? Now think about this, do you need these things, or do you want these things? You may be wondering. "What's the difference?" I've shed a little light on this below: A need, when filled, sustains us. A want, when filled, entertains us. Attempt to substitute wants for needs eventually drains us. Spending on a myriad of things we want while leaving needs unmet is like grazing all day on snacks and never feeling full, or satisfied. So too, we might spend—or overspend—on a thousand things and still feel a hunger for a need yet unmet. Sorting wants from needs and beginning to make decisions about them is more of an ongoing conversation with yourself than a checklist. By slowing down, looking inward, and discerning if items are a need o...Continue Reading

The 5 Hidden Signs of Money Addiction

money-addiction When most people think of money addiction, an image of a gambling addict may come to mind, or someone who loves to flash their new designer outfit or their fancy car du jour. It’s easy to spot these obvious manifestations. But the real trick is noticing the hidden signs—the ones that your friends, family, and maybe even you express. The truth is, money addiction is at the root of under earning, overworking, compulsive shopping and spending, and even excessive saving.   You might be wondering, “How bad can it really be to be an overspender or a workaholic? What real damage can it do?” But when you peel back the curtain and find out what is driving your need to earn, to save, to spend—you’ll find that money is the mask you’ve chosen for your unique internal struggles. As with any addiction, these behaviors will only g...Continue Reading

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