Lynnette’s Blog

Aug 19

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

Nearly nine out of ten Americans say that the COVID-19 pandemic has brought stress to their personal finance plans, according to a survey from the National Endowment for Financial Education (NEFE). This survey also showed that most people are concerned with not having enough saved and being able to pay... read more →

Aug 04

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

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... read more →

Jul 31

Better Budgeting – Secrets to Improving Cash Flow and Managing Your Finances

If you hate being on a budget, or you've never been able to stick to a budget, chances are you sometimes (or often!) have cash-flow problems and feel like you're living paycheck to paycheck. But budgeting doesn't have to be hard or painful; nor should it be terribly complicated. In Better... read more →

Jul 28

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

Paying for college was problematic even before COVID-19. Nevertheless, the outbreak has introduced new matters into the issue of college affordability. You may have lost an onsite work-study position. Additionally, your parents may have had to use some of your college fund to cover expenses brought on by the coronavirus... read more →

Jul 14

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

Before you know it, your four-year-old has grown into a sixteen-year-old who is only a couple years away from adulthood. Now, more than ever, is the time to talk to your teen about personal finance. Our financial habits are often influenced by how our parents dealt with money. So, if... read more →

Jul 07

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

The coronavirus pandemic has led to over 112,000 deaths in the United States at the time of this writing. That's 112,000 families managing the costs associated with burying a loved one. We hope you won't have to face this. However, the reality is that we are all at risk of... read more →

Jun 30

How to Protect Your Credit Score After Job Loss

Losing a job is stressful. It makes you feel like someone pulled the rug out from under you. While it’s overwhelming and may even cause you to grieve, it’s important to think about what to do next. Start by creating a priority list of your expenses. It will help you... read more →

Jun 19

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

Let’s be honest: Making a will is never a fun topic of conversation. Nonetheless, it’s increasingly one of those all-important tasks you should knock off your things-to-do list – and do so now, rather than later. Why now? For one thing, the sad truth is that news headlines are filled... read more →

Jun 11

COVID-19: Managing Your Finances in the Era of Coronavirus – VIDEO SERIES

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. In this... read more →

Jun 06

A Lesson in Economic Violence

The tragic murder of George Floyd (#GeorgeFloyd) highlighted the heinous reality of racism, police brutality, and the legacy of racial violence in America. But if we're going to truly address this country's ills, we must name, condemn and fix ECONOMIC violence too. First, a definition. Economic violence occurs when 1... read more →

Jun 02

COVID-19: Getting Relief From Your Private Student Loans – VIDEO

Lynnette shares good news for people who need help to pay off payday loans during the COVID-19 pandemic. Transcription Lynnette Khalfani Cox: If you have private student loans and it's been a struggle for you to keep up with those payments during the COVID 19 outbreak, I've got some good... read more →

Jun 02

3 Items to Buy With a Credit Card During COVID-19

Prior to the coronavirus pandemic and the COVID-19 emergency, the prevailing wisdom among most financial experts was that Americans would be far better off putting the breaks on credit card use. After all, credit card bills can come with double-digit interest rates. Additionally, the lure of plastic is just too... read more →

May 29

COVID-19: How to Get Your Auto Insurance Rate Reduced

In this video Lynnette explains why you should expect a credit or rebate off of your auto insurance rate of up to 30% during the COVID-19 pandemic. Transcript Lynnette Khalfani Cox: Are you driving a lot fewer miles these days? Chances are, you are spending less time on the road... read more →

May 26

COVID-19: Getting SNAP Food Benefits While You’re Unemployed

Hunger is a problem in the U.S. that has been magnified due to the COVID-19 pandemic. In this video, Lynnette shares information on available SNAP food benefits and resources to anyone that needs help. Transcript Lynnette Khalfani Cox: Did you know that in America over 10 percent of all people... read more →

May 23

COVID 19: A Good News Surprise in the Coronavirus Economic Relief Bill – VIDEO

Lynnette dives deep into the CARES Act and shares a pleasant surprise in the economic relief bill. Transcript Lynnette Khalfani Cox: Hi, there. It's Lynnette Khalfani Cox, the money coach. I'm here with some good news about something you might not have heard about in the economic relief measures recently... read more →