Your home or car was damaged in a storm. Your spouse lost his job. Insurance didn’t cover some of your medical bills. Life is full of unexpected twists and turns. That’s where an emergency fund comes in. It serves as a financial cushion allowing you to pay for unforeseen expenses without resorting to getting cash […]
The LK Blog
Is Your Spouse Guilty of Financial Infidelity?
According to a 2024 survey, 48 percent of individuals in relationships admitted to financial infidelity, including hiding credit card balances and expensive purchases. Concealing finances isn’t necessarily about trying to cheat the other spouse. Instead, it’s often the result of a spouse’s embarrassment over financial problems, issues with control, or different priorities. Whatever the underlying […]
Are You Suffering from Caregiver Guilt?
Family caregiving is an act of love, but it can also be associated with negative emotions. One of the hardest to deal with is caregiver guilt. Many caregivers judge themselves too harshly, resulting in feelings of guilt that make their lives even more stressful. Guilt can hit at any time, even after a loved one […]
How to Set Financial Goals for Next Year
With the year-end approaching, it’s a good time to take stock of your finances and plan for next year. If you want to improve your financial situation (and who doesn’t), the best way to begin is to set financial goals. Your goals are personal and should be meaningful to you, so you are motivated to […]
Protecting Important Documents in Case of a Disaster
Your disaster plan should include securing important papers that are difficult to replace and may be needed in the recovery process.
Tips for the Sandwich Generation
Are you part of the Sandwich Generation? These are individuals simultaneously caring for and supporting their kids and parents. Competing priorities have often left this generation struggling with work, financial, health, family, and time pressures. There are no easy solutions when you’re in this situation but you can take some steps to try to relieve […]
Can You Afford to Give Money to Your Adult Children?
It’s natural to want to help your kids even after they’ve become adults. These days it can feel like a necessity with the high cost of college, housing, and other expenses. According to a study by Savings.com, “47% of parents with grown children provide them with some form of financial support (not including adult children […]
6 Steps to Take As You Approach Retirement
What’s your vision of a perfect retirement? Relaxing in the sun, traveling the world, working when you want as much as you want? The best plan for retirement starts long before you’re ready to leave your job. The sooner you begin, the more time you have to think about what you want and plan for […]
8 Tips for Resolving Financial Disputes with Your Spouse
Are you and your spouse on the same financial page? Money is a leading cause of marital problems because conflicts are often about more than dollars and cents. How we save and spend money ties into our life experiences, level of financial education, self-perception, values, and emotions. The stakes are also high because our finances […]
10 Financial Steps to Take With Your Older Children This Summer
Summer is a good time to think about teaching children and young adults about money. Maybe they are getting their first summer job as a teen or a permanent one after graduation or they are headed off to college in the fall. With more money and independence, comes the need to learn how to spend […]
