Page 114 – The Money Coach

Breaking Down TikTok Finance Myths on Good Day New York

Personal Finance / Lynnette Khalfani-Cox, The Money Coach / November 3, 2021

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, […]

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Why Your New Year’s Resolution Should Start on Thanksgiving Day

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

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A Beginner’s Guide to Understanding and Investing in Cryptocurrency

Crypto, Investing / Lynnette Khalfani-Cox, The Money Coach / Bitcoin, cryptocurrency, Satoshi Nakamoto / November 1, 2021

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

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The Long View: Lynnette Khalfani-Cox: ‘There’s a Huge Wealth Gap in America’ Podcast

Featured, Personal Finance / Lynnette Khalfani-Cox, The Money Coach / October 27, 2021

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

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5 Reasons I Love Cryptocurrency

Investing / Lynnette Khalfani-Cox, The Money Coach / cryptocurrency / October 20, 2021

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

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Here’s what the “Black tax” does to so many families (Vox)

Building Wealth, Featured / Lynnette Khalfani-Cox, The Money Coach / Black tax / March 25, 2021

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

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CARES ACT 2: New Coronavirus Relief Bill Offers More Stimulus Checks

Covid-19 / Lynnette Khalfani-Cox, The Money Coach / CARES 2, CARES Act, CARES ACT 2, stimulus checks / December 20, 2020

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

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Get Your Employer to Pay $5,250 of Your Student Loans in 2020: FAQs About the CARES Act

Student Loans, Covid-19 / Lynnette Khalfani-Cox, The Money Coach / CARES Act / December 3, 2020

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?

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7 Painful Financial Truths You Need to Accept in the Age of Coronavirus

Budgeting, Covid-19, Personal Finance / Guest Blogger / August 19, 2020

The COVID-19 outbreak is causing people to make tough choices regarding their finances. Are you in this boat? If so, you likely have to accept some unpopular truths to weather the storm of these uncertain times.
Here are some hard, but necessary financial truths that you need to consider as you move through these difficult times.

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How Much Do I Need in My Emergency Fund During COVID-19

Saving Money, Covid-19 / Lynnette Khalfani-Cox, The Money Coach / Emergency fund / August 4, 2020

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

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A sticky note with "College?" scribbled on it rests atop a pile of 100-dollar bills, hinting at the need for a solid budget.

What to Do If You Can No Longer Afford to Pay for College Due to COVID-19

Paying for College, Covid-19 / Lynnette Khalfani-Cox, The Money Coach / July 28, 2020

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:

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How to Talk to Your Teens About Money During the COVID-19 Pandemic

Covid-19, Budgeting / Guest Blogger / July 14, 2020

You need to talk about healthy personal finance habits with your teenagers, especially during this coronavirus pandemic. From preparing for college to managing credit cards and student loans, you want to make sure your teenager is set up for success. Your guidance can help them avoid some of the money mistakes most of us make as we become adults.

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What to Do if You Cannot Afford to Bury a Loved One Due to COVID-19

Family Finances, Covid-19 / Lynnette Khalfani-Cox, The Money Coach / funeral costs / July 7, 2020

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.

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How to Protect Your Credit Score After Job Loss

Credit Scores, Featured / Lynnette Khalfani-Cox, The Money Coach / June 30, 2020

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.

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COVID-19 Reminds Us Of the Need to Make a Will or Trust

Covid-19, Family Finances / Lynnette Khalfani-Cox, The Money Coach / make a will / June 19, 2020

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?

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