As the holidays approach, even the most financially disciplined families can go off track with their spending. The cost of gifts, decorations, travel, and entertainment adds up quickly, and it’s easy to justify it as part of the season of giving until you get the bill in January. If you’re worried about your finances, cutting […]
The LK Blog
How to Improve Your Credit Score
Your credit score affects loans, credit cards, jobs, leases, interest rates and insurance premiums. So, how can you improve your credit score?
How to Handle Your Finances When One of You Earns (or Owes) a Lot More Money
Dealing with money issues can be challenging for any couple, but it can be especially difficult when there is a sizable financial disparity between you and your partner or spouse. If one of you has significantly more income, assets, debt, or expenses, it can strain even the healthiest relationship if not addressed with care, honesty, […]
A Post-Divorce Checklist for Your New Life
Finalizing a divorce may bring closure to one chapter of your life, but before you can move forward, you should go through a post-divorce checklist.
Is Lifestyle Creep Jeopardizing Your Finances?
Did you get a raise, but you’re not saving more money? Is your spending increasing along with your salary? If so, the reason may be lifestyle creep (or lifestyle inflation), a common scenario where your discretionary expenses go up as your income rises. It happens gradually, without you realizing how much more money you’re paying […]
Life After Caregiving Ends
In my personal and professional life, I’ve witnessed many caregivers struggle with life after caregiving and have experienced it myself. After months or years spent devoted to a loved one, the individual passes away, leaving the caregiver with a new set of emotions and challenges. If you’re in this position, there are steps you can […]
Financial Literacy Essentials as You Age – Part II
As you age, improving your financial literacy is crucial so you have the knowledge and skills to effectively handle your finances and remain independent.
Financial Literacy Essentials as You Age – Part I
Financial literacy is important throughout our lives with different information needed at every stage. As we get older, ensuring that we don’t outlive our savings, and we can maintain our independence takes precedence. In honor of Financial Literacy Month, take time to educate yourself on the additional risks that come with aging. Changes in Income, […]
How to Build an Emergency Fund Before a Crisis Hits
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 […]
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 […]
