Karen's Blog

The Money/Life Drain

I see examples of unstable financial structures in people’s personal finances all the time. They are characterized not only by the burden of debt or by shaky financial practices but also by signs of a predictable—and progressive—downward slide. I call it the Money/Life Drain. Signs that you’re caught in this downward spiral include a lifestyle where the demands on your time, energy and money leave nothing for the things that make life worth living…. When you are unable to save and are pressured to work more and earn more, your relationships become strained, your health is impacted by the stress, and ultimately your overall quality of life deteriorates. You are filled with despair and hopelessness. Does this seem extreme? Believe me, it’s not. I see people from all walks of life, both in my years of financial counseling and f...Continue Reading

Capturing the Spirit of the Holidays

I know Christmas is only a week away. So I wanted to share some fun ideas that may help you capture the spirit of the holidays for little or no cash. Remember, the point of “gifts” is to let people know you care! You can do this without breaking your personal bank. No one would want you to go into debt simply to buy them a gift. • Offer to watch the children of busy parents while they spend some special time as a couple. Make them a gift certificate for this. • Plan a scavenger hunt or Game Night with another family. It will take the focus off gifts. • Set aside time to make handmade wrapping paper from brown paper grocery bags and paint or stamps. • Encourage the children in your life to make things for the people they love. They can make a card or a picture book, a bookmark or a collection of recipes. Two children I know...Continue Reading

How do you really feel about the Holidays? Here is some of my truth.

I want you take a moment and really think about how you feel about the holidays. Really. What is your current reality? The first step in creating a better holiday is to look at how you’ve felt about the holidays the last several years. You simply can’t change without being aware of what is and isn’t working. So let’s be honest here. Think about the way you’ve felt before, during and after the holidays the last several years. Think about your spending, your activities and how it felt – and try to be as honest as possible. If you’re honest about your behavior and your feelings, you will open the door for transformation. Don’t be alarmed if you dredge up some feelings that aren’t very pleasant. Thinking about recent holidays may not be easy. I used to feel, for example, absolutely frantic during the whole holiday season....Continue Reading

Ten Steps to a Better Holiday Guide for you!

I’ve counseled people on their relationship to money for over twenty years. So I know first hand how stressful the holidays can be. 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...Continue Reading

You've Got the Power!

What if you had the power to help people find a permanent solution to all their money problems? What if you could give people the gift of everlasting financial health? Whether you’re a health care professional, a coach or counselor, or someone who is looking for a new career path, you can give people the tools, processes and support they need to establish a healthy, empowering relationship with money…. once and for all! Find out how on Tuesday, December 7, at 5:00 pm PST during a fr.e.e one-hour Preview Call on Financial Recovery Foundational Training. On this call, you will learn: • Why the Financial Recovery(SM) system really works when it comes to helping people let go of unhealthy money behaviors and create a solid, sustainable financial reality. • How the Financial Recovery Foundational Training can transform your o...Continue Reading