For many people, the holiday season is a mad rush of spending too much time, too much energy, and too much money. We start the holidays with dread and end them in debt – and it’s no wonder: for months, we are bombarded with advertisements and peer pressure to buy more, spend more, and do more.
What happened to connecting with people we love? Celebrating the joy of being alive? The simple pleasures of giving? At the Financial Recovery Institute, we’ve helped thousands of clients break their holiday over-spending habit, and I’ve learned that the best way to do it is by making a solid plan. Having a plan for the holidays means understanding your history, being clear about your expectations, and coming up with a balanced approach to spending your time, your energy and your money.
In my Holiday planner, (which is yours for free- plea...Continue Reading
A Note from Karen McCall
The following article continues our mini-series on how to take the first steps in healing your relationship with money. If you're already well on your way to financial recovery, you may want to forward this email to someone you know who is struggling with money issues.
My intention is to send you information that is immediately useful to you, so please let me know if there is a certain topic, challenge or issue you'd like to read about.
The Truth About Money: 3 Steps to Track Your Way Out of the Financial Fog
Have you ever wondered why casinos make you turn your cash into chips in order to play their games? Some say it’s for security reasons, but think about it. If you were tossing real money onto the table, wouldn’t you be much more cautious? And if the thrill of the game stopped o...Continue Reading
A Note from Karen: The following article continues our mini-series on how to take the first steps in healing your relationship with money. If you're already well on your way to financial recovery, you may want to forward this email to someone you know who is struggling with money issues. My intention is to send you information that is immediately useful to you, so please let me know if there is a certain topic, challenge, or issue that you'd like to read about.
Money & Financial Recovery: Walk With Compassion on the Road to Financial Recovery
There is an expression that states: “You’re only as sick as your secrets.” And people who are in financial crisis — no matter how they got there — tend to keep a lot of secrets. They feel so much self-judgment, shame and embarrassment about having chronic money problems that stay...Continue Reading
If you’re worried about your finances or struggling to get by, it’s easy to think that the root of your problem is that you simply don’t have enough money. You can’t help but think, “If only I had more money then I could…” You can fill in the blank.
And you’re not alone. Most people think their money problems come from not having enough. But the truth is, the core cause of most people’s ongoing financial trouble is an unhealthy relationship with money.
While anyone can have a situational financial problem due to extenuating circumstances, like a job loss, a failed business, a medical condition, some people’s money issues crop up over and over again. Those ongoing financial challenges are not merely situational but reflect a destructive pattern in one’s relationships with money.
In his book The Secret Languag...Continue Reading
People get out of debt all the time. The real challenge is to stay out of debt.
Just like yo-yo dieting where you knuckle down, stick to a diet for 4-6 weeks and lose a lot of weight only to gain it all back, most people who work to get out of debt eventually end up with an even heavier load of debt. Again.
But it doesn't have to be that way. Here are 8 Steps that outline how you can "save your way out of debt" and stay out of debt forever.
Step 1: Avoid Deprivation
Most people assume that getting out of debt requires living without all the things they enjoy the most. Not so. In fact, you have to create a spending plan that allows you to feel comfortable and satisfied, rather than deprived. Any feeling of deprivation will eventually lead to overspending. And overspending only leads to more debt.
Step 2: Stop the Leaks by Stabilizing ...Continue Reading
Healing Deprivation: The Key to Creating a Life Filled with Meaning, Satisfaction, and Abundance