Author name: Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success. Visit her personal website at https://lynnettekhalfanicox.com.

household debt

Household Debt Reaches $16.51 trillion in Q3 2022

The Federal Reserve Bank of New York’s Center for Microeconomic Data today (November 15, 2022) issued its Quarterly Report on Household Debt and Credit . The Report shows an increase in total household debt in the third quarter of 2022, increasing by $351 billion (2.2%) to $16.51 trillion. Balances now stand $2.36 trillion higher than at the end of 2019, before the pandemic recession. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

Household Debt Reaches $16.51 trillion in Q3 2022 Read More »

A person in a yellow plaid shirt and headphones gives a thumbs-up while sitting at a desk with a microphone, laptop, and financial planner.

FTC, States Sue Google and iHeartMedia for Deceptive Ads

Press Release The Federal Trade Commission and state attorneys general announced lawsuits against Google LLC and iHeartMedia, Inc. for airing nearly 29,000 deceptive endorsements by radio personalities promoting their use of and experience with Google’s Pixel 4 phone in 2019 and 2020. The proposed FTC orders and the state judgments settling the allegations bar Google and

FTC, States Sue Google and iHeartMedia for Deceptive Ads Read More »

cost of divorce

High Inflation and The Rising Cost of Divorce

‘Til Debt Do Us Part: Inflation preventing thousands of American couples from being able to separate, reveals survey. Over half of singles would not get into a relationship with someone who has large debts. The average single said they would be deterred by a debt amount of $33k. 1 in 4 believe any debt incurred

High Inflation and The Rising Cost of Divorce Read More »

low-ball home appraisals

10 Powerful Ways To Fight Discrimination in Home Appraisals

I’ll never forget the time in 2019 when my husband and I applied for a home equity line of credit (HELOC) for our home in Mountainside, New Jersey – an upper middle-class suburb about 45 minutes outside New York City.  To get a HELOC, our home had to first be appraised. But when the appraiser

10 Powerful Ways To Fight Discrimination in Home Appraisals Read More »

A woman with curly hair, likely a financial planner, is sitting indoors, intently looking at her smartphone. She is wearing a white top and gold jewelry, possibly reviewing budgets and credit options for her clients.

Here’s How to Get Free Weekly Credit Reports

  If you want to improve your FICO credit score, you absolutely must monitor your credit files. Fortunately, the credit bureaus Equifax, Experian, and Trans Union are making it easier for you to do just that. See their joint press release below: The three nationwide credit reporting agencies – Equifax® (NYSE:EFX), Experian (LON:EXPN) and TransUnion

Here’s How to Get Free Weekly Credit Reports Read More »

A woman rests her head on a desk, with a laptop, mug, and glasses nearby—surrounded by bookshelves and a plant. As if taking a break from meticulous budgeting or tackling the complexities of credit management, she finds solace in this moment of pause.

The High Cost of Test Prep and the PSAT Exam

Here’s my daughter, Alexis, studying for the PSAT. As with all 3 of my kids, I was her tutor, using my knowledge + study guides. Private test prep? Kaplan: up to $1,300, for unlimited hours online. Princeton Review: up to $2,700, for 18 hrs. So I saved money, and spent my time. I’m cool with

The High Cost of Test Prep and the PSAT Exam Read More »

A person ziplining over a lush green forest, smiling broadly in an orange helmet and shirt, savors the thrill of adventure without worrying about budget constraints or credit concerns.

Lynnette Teaches You What You Need To Know To Have A Great Credit Rating

I am so honored to be featured on CNBC Make It for achieving a perfect 850 FICO credit score! Only 1% of Americans have a perfect 850 FICO score. A great credit rating can help you land a job or snag a promotion — since more than half of all employers do employment-based credit screening. Watch my CNBC profile below, and learn

Lynnette Teaches You What You Need To Know To Have A Great Credit Rating Read More »

Abstract illustration featuring human silhouettes with various credit scores and the word "CREDIT" overlaid in different colors, seamlessly blending the concept of a financial planner guiding individuals towards better budget management.

What to Do If Your Credit Score Suddenly Drops Unexpectedly

Need a quick refresher about how your credit score works? Due to inflation, many consumers are being forced to rely on their credit cards to make ends meet. As a result, many consumers have seen their credit scores go down as their balances go up. Here are 3 articles that can help you better understand

What to Do If Your Credit Score Suddenly Drops Unexpectedly Read More »

A person wearing glasses and a red sweater is sitting at a wooden table, reading a book on financial planning with papers nearby. Shelves filled with books are in the background, creating an ideal setting for budget insights.

HUD Announces New $5.5 Million Dollars in Grants for HBCUs

Attention professors, research heads or academics at historically black colleges and universities. The federal government via HUD is offering millions of dollars for folks at HBCUs to establish or bolster a center of excellence, where they would study and report on housing issues and economic development in minority communities.  You can learn more about the

HUD Announces New $5.5 Million Dollars in Grants for HBCUs Read More »

age in place

HUD Grants $15 Million to Help Older Americans Age in Place

I’ve shared the following press release from The Department of Housing and Urban Development (also know as HUD) on my Facebook page. It turned out to be a very popular post so I’ve also shared it here on AskTheMoneyCoach.  In this release you’ll find out the purpose of this grant and how to qualify for

HUD Grants $15 Million to Help Older Americans Age in Place Read More »

couple stop arguing over money

7 Effective Ways to Stop Arguing Over Money With Your Spouse

Money can be an uncomfortable conversation for many, especially when it pertains to family finances. Money is commonly cited as one of the number one reasons couples argue over money, and a survey by the Institute for Divorce Financial Analysts found that 22 percent of respondents divorced because of the topic.  While money may not

7 Effective Ways to Stop Arguing Over Money With Your Spouse Read More »

Scroll to Top