Archive for the ‘Family Finances’ Category

Feeding Your Children When Money is Tight

Rising food costs and higher costs of living in general make it very difficult for some families to feed their children adequately.

A recent report by the hunger relief charity Feeding America states that approximately 15 percent of American households didn’t have enough money for food at some time in 2009. And in 2011, 45.8 million Americans were receiving food aid from SNAP, the Supplemental Nutrition Assistance Program that replaced the Food Stamps program in 2008.

This situation is described as “food insecurity” and not only affects children physically, but also emotionally. Going to bed hungry is the last thing a parent wants for their child, but it’s the sad reality for many families across America.

What do you do if you can’t afford to feed your children? Here are some ways to ensure everyone in the household has enough to eat each and every day: Continue reading “Feeding Your Children When Money is Tight” »

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3 Powerful Ways to Jumpstart Your 2012 Finances in 30 Days

30 days.

That’s roughly the amount of time the average American sticks to his or her New Year’s resolution.

If we’re honest about our financial New Year’s resolutions – like saving money, better organizing our finances, or laying off the credit cards – many of us will admit that we might not even make 30 days.

But what if there was a way to jumpstart your finances in 2012 so that even if your willpower waned after a month or so, you’d still be enormously ahead of the game?

Continue reading “3 Powerful Ways to Jumpstart Your 2012 Finances in 30 Days” »

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5 Financial Mistakes Everyone Should Have Learned From in 2011

Keeping your finances in order and your budget on track isn’t always easy, and 2011 may not have been your best year financially.

Whether you failed to meet your savings target or you faced a serious financial downfall this year, you can learn from your mistakes and set yourself up for a financial recovery plan in 2012.

Learning from your mistakes is actually one of the best ways to make positive changes with your finances and make progress.

If you keep repeating the same mistakes year after year, you can expect to be in the same situation time and time again.

Here are five financial lessons you could learn from in 2011:
Continue reading “5 Financial Mistakes Everyone Should Have Learned From in 2011” »

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What to Do If You Can’t Afford to Repair Your Car

Dealing with car repairs can be frustrating and stressful and you might find that you can’t even afford to pay the full cost of that repair bill.

According to the results of a recent AAA Survey, one quarter of American drivers neglected car repairs because of the economy and could not realistically afford to pay $2,000 to pay their repair bill. One in eight Americans wouldn’t be able to afford a repair bill of $1,000.

While most people don’t budget for auto repairs, it’s still a good idea to set up an emergency savings account that would cover the costs of car-related problems in the near future.

But what do you do when you don’t have that savings account to cover you when the car breaks down?

Here are some options for repairing your car when you can’t actually afford it:
Continue reading “What to Do If You Can’t Afford to Repair Your Car” »

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Disclaimer

All information on this blog is for educational purposes only.  

Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney.

If you need specialty financial, investment or legal advice, please consult the appropriate professional.

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