Three Tips to Make Open Enrollment Season a Breeze

By Lynnette Khalfani-Cox, The Money Coach®

Open enrollment season is in full swing, and that means you have the next month or so to decide what to do about key benefits your employer provides. Some people dread open enrollment season, because they think they have to painstakingly pore over mounds of healthcare paperwork, and then spend days upon days trying to figure out what to do.

Continue reading

When to Start Thinking About Life Insurance

Although you may find it difficult to think about purchasing life insurance when you’re young and healthy, you should consider it for two reasons: first, this will likely be the time when a policy is most affordable; and second, this will likely also be the time when your absence can have the greatest financial impact on your family. If you have dependents or provide your family’s sole financial support, a life insurance policy can give you the peace of mind that comes from knowing your loved ones will be taken care of if you’re unable to do so.
Continue reading

HELOC Vs. Home Equity Loan: Which is Better?

By Lynnette Khalfani-Cox, The Money Coach®

As a homeowner, if you’ve build up equity in your property, and you need to tap that equity for any reason, you may be wondering: which is better—a HELOC or a home equity loan?

Both financial offerings give you a way to convert the equity in your home into usable cash, yet HELOCs and home equity loans differ in key ways.  Continue reading

Avoiding Money Arguments with Your Spouse or Partner

By Lynnette Khalfani-Cox, The Money Coach®

Sometimes, conflict with your significant other may seem inevitable, and that includes argument about finances.

When it comes to money matters, however, frequent financial disputes can be toxic for a relationship. Research shows that couples that argue a lot over money issues have greater levels of unhappiness and are more likely to break up.  

So how can you avoid economic drama and maintain financial peace with your honey? Here are three rules to avoiding money arguments with your spouse or partner.

Continue reading