I have a financial confession to make. Even though I had $100,000 in credit card debt back in the early 2000s, I still use credit cards a lot, for everything from online shopping and utility payments to gas for my car and meal-delivery services. Why would someone with a history of being heavily in debt […]
The Split-Second Shopping Decision That Could Save You Hundreds of Dollars Read More »
Many of us know TikTok for its dance challenges and comedy videos, but some of its most popular content actually revolves around finance. I recently stopped by Good Day New York to help viewers figure out whether social media finance tips are worth their time. Throughout the segment, I clarified misconceptions around some of the platform’s oversimplified hacks for buying property,
Breaking Down TikTok Finance Myths on Good Day New York Read More »
If you’re thinking about making a New Year’s Resolution of any kind – maybe to lose weight, pay off debt or stop a bad habit like smoking – waiting until January 1 to get started is probably the single worst thing you can do. Instead, commit to implementing your resolution beginning on Thanksgiving Day. Why
Why Your New Year’s Resolution Should Start on Thanksgiving Day Read More »
Here’s what you need to know before you add bitcoin to your portfolio Even if you don’t follow financial news closely, you’ve likely heard a thing or two about cryptocurrency. Some countries are establishing it as legal tender, and new coins are popping up more frequently. At one point in time, digital money seemed like something reserved
A Beginner’s Guide to Understanding and Investing in Cryptocurrency Read More »
When the hosts of the Morningstar, Inc. podcast, The Long View, asked me to discuss the wealth gap and my own financial story, they probably didn’t know I was going to get into reparations, distrust of the financial services industry and more, lol … Major kudos to them, however, for going with it and having a
The Long View: Lynnette Khalfani-Cox: ‘There’s a Huge Wealth Gap in America’ Podcast Read More »
Digital currency is the key to a more innovative, inclusive finance industry Cyptocurrency has been a fixture in the headlines lately. From Bitcoin’s record-breaking value (around $67,000 in October 2021) to El Salvador adopting bitcoins as legal tender to Elon Musk popularizing (and then tanking) dogecoin, crypto has moved from fringe online communities to the cultural zeitgeist. But there’s
5 Reasons I Love Cryptocurrency Read More »
Here’s the most personal essay I’ve ever written about my life and upbringing in a family that struggled economically. It’s a side of The Money Coach few people know, including my mother’s hardships as a single parent, our times on food stamps and even dealing with homelessness. Continue reading… Here’s what the “Black tax” does
Here’s what the “Black tax” does to so many families (Vox) Read More »
BREAKING: The Senate finally reached a deal on a $900 billion Coronavirus relief bill. Here’s a quick snapshot of what it includes and how much money it means for you: – Survival checks / Stimulus Checks: $600 per adult + $600 per dependent, including those in “mixed status” families (i.e. families with U.S. citizens/lawful permanent
CARES ACT 2: New Coronavirus Relief Bill Offers More Stimulus Checks Read More »
I recently posted a student loan tip on social media that went crazy viral! It racked up tons of traditional media coverage, plus many thousands of likes and shares (not to mention comments and questions!) across Twitter, Facebook and Instagram — far more than any other single post I’ve shared. So what was the tip?
Get Your Employer to Pay $5,250 of Your Student Loans in 2020: FAQs About the CARES Act Read More »
According to a Bankrate survey, 23 percent of respondents said their biggest financial regret is not having enough money in their emergency savings to withstand the COVID-19 outbreak. The coronavirus pandemic has impacted the financial standing of many Americans. While jobless claims have fallen since late March, nearly 18 million people are still receiving unemployment
How Much Do I Need in My Emergency Fund During COVID-19 Read More »
If you are struggling to pay for college due to COVID-19, all hope is not lost. There are steps you can take to still pay for college:
What to Do If You Can No Longer Afford to Pay for College Due to COVID-19 Read More »
Currently, the average cost of a funeral is between $7,000 and $10,000. While life insurance can help cover some of the expenses, not every insurance plan includes burial assistance.
What to Do if You Cannot Afford to Bury a Loved One Due to COVID-19 Read More »
A lack of income makes it hard to cover your expenses, which can cause your credit score to fall. But there are ways to preserve it, even if you are out of work. Here are four tips for maintaining your credit score if you have lost your job.
How to Protect Your Credit Score After Job Loss Read More »
Like most things these days, you can make a will online. But the question really is: should you create an online will versus having a will drawn up the traditional way – by using a lawyer?
COVID-19 Reminds Us Of the Need to Make a Will or Trust Read More »
Lynnette Khalfani-Cox, The Money Coach, has read all 880 pages of the $2.2 trillion CARES Act passed by Congress to stabilize the U.S. economy in the wake of the COVID-19 emergency and the coronavirus pandemic.
In this collection of videos, Lynnette explains how Americans can benefit from the CARES Act in numerous ways, including getting stimulus checks; unemployment benefits; help with federal student loans; forgivable small business loans and grants; cash family medical leave benefits; sick pay for those with coronavirus, and more.
COVID-19: Managing Your Finances in the Era of Coronavirus – VIDEO SERIES Read More »
