Karen's Blog

Money Moments – How Your Family Shapes Your Money Relationship

girl hanging up money - Money Moments by Karen McCall Have you ever taken a moment to explore the ways your childhood shaped your relationship with money? If you grew up around role models who had a healthy relationship with money, you were very lucky. But if money has been an area of struggle for you, it pays to look back at your early family experiences. Let’s look at a few ways old family dynamics can play out in your work and earning choices. Some people grow up in affluent families, bonded mainly by the presence of family money. The knowledge that someone will always rescue them, either by gift or inheritance, extinguishes the fire in their belly for making their own way in the world. Other people grow up with modest means and as adults feel deep guilt for wanting a financial life bigger than the one from childhood. They may minimize their desire for a bigger life and j...Continue Reading

Money Moments – Is Your Work “Working” For You?

If you feel stuck, dissatisfied or out of place in your present job. Or you’re craving more autonomy or financial freedom. Or you keep thinking, “There’s got to be a better way to make a living.” It could be that your work isn’t working for you… And for your financial health, this matters a great deal because for most of us, work and money are inseparable. Many people view work as just a means of earning money, but it can be so much more than that. This is true even if you work and don’t earn money (i.e. volunteering or being a stay-at-home mom). Work can be a space where we express what’s important to us, where we tap into talents and qualities that make us unique. When our work “works” for us, it fulfills many of our needs. It can be a rich source of satisfaction, confidence, success, and self-wo...Continue Reading

Money Moments – Five Tips to Survive Back-to-School Spending

Money Moments - Five Tips to Survive Back-to-School Spending Back-to-school, with all its financial pressures, can be a stressful time for many families. We’re all so busy that it often feels difficult to find the time, energy and money to plan for the new school year. Setting a time to go get those clothes, shoes and supplies should be something kids look forward to doing with you. It's a time when they get to make choices, but for parents, it can be draining....financially and emotionally. Here are five tips to help make your school shopping a positive experience for you and your kids and to help make the process go more smoothly.   Look honestly at your situation and make a plan. It’s hard to look at things we feel fearful about, and Back-to-School Spending can be one of those things. School shopping can put a dent in one's finances so it's important to figure out what you a...Continue Reading

Money Moments – How to clear your “financial fog”… my favorite tool

Track Your Spending - How to clear your financial fog my favorite tool Have you ever started your day with plenty of cash in your wallet, only to find by night that you can’t remember where it all went… or made a trip to the ATM, only to be disheartened by your low account balance? You’re not alone. Most people cannot account for how they spend their money. We live in a financial fog, disconnected from the real numbers and unable to understand our own actions. What’s needed is a way to stay conscious and connected to our money. And one of the easiest ways to do this is with tracking. Tracking is one of my favorite, widely successful tools for clearing the financial fog. All you need is a pen and paper and a touch of curiosity. And all you have to do is this: Every time you spend or receive money, you write it down. On one level, you may think, “Tracking is too time consuming, too ted...Continue Reading

Money Moments – How To Rise Above The Money Life Drain

money life drain If you’ve visited the beach this summer, you may have noticed that certain beaches have signs posted that warn swimmers of the risk of being pulled underwater. Though the ocean is always enticing to swim in, it’s forces can prove quite powerful, and even dangerous. A similar force is present when you have a problematic relationship with money. My clients have often described that in order to stay afloat, they feel an enormous pressure to make more money or to spend less. And they feel caught in a downward spiral. I’ve come to call this spiral the Money/Life Drain. Sometimes we’re pulled downward because of circumstances beyond our control, such as a loss of income or a downturn in the economy. Other times, the force is created by our own habits of spending or debting. However it starts, the force of the Money/Life Drain c...Continue Reading