Beating Broke Rule: Gift giving should be fun for all involved.
Whether the occasion be a birthday, anniversary, Christmas, or some other special occasion, giving gifts should be fun. We all know it’s fun to get gifts, but it really should be fun to give them as well.
And it goes without saying that if you’re overspending [...]
Popularity: 5% [?]
One of the tenet that I am trying to live by financially is to pay cash for as much as possible. There are certain things that I won’t be able to do that for. A house is the most likely example there. Many people would lump a car in with that category as well. Not [...]
Popularity: 18% [?]
If you’ve ever been involved with a company’s financials or been an investor researching a company, you likely know that they all have budgets. In fact, they would have a pretty big problem if they didn’t have budgets. And even with budgets, they still have problems when those budgets are unbalanced at the end of [...]
Popularity: 25% [?]
Certificate of Deposit. Basically a savings account that pays a set rate over a set term. At the end of the term, you can renew for another term at another set rate or keep your money.
CDs, as they are normally called, are a very stable investment. As such, they make for rather poor returns on [...]
Popularity: 20% [?]
This one is simple. Or should be in any case. And yet, the industry keeps getting stronger and more prolific. But let me be clear on this one. Do not touch Payday Loans!
Payday loans are something that I and other financial folks like to call Parasitic Lending. They tout their convienence and ease all the [...]
Popularity: 16% [?]
If I could use only one word to describe my thoughts on this it would be the word yes. I went the first 26 years of my life without an emergency fund and I’ll never go another day without one.
The purpose of an emergency fund is to give you available funds in case of an [...]
Popularity: 17% [?]
What are the “Beating Broke Rules”?
They are a mantra. Living debt free is a lifestyle and living the Beating Broke lifestyle requires some lifestyle changes. The Beating Broke Rules are meant to establish some simple guidelines on which to build the foundation of a debt free financial life.
Many people look at their debt and imagine [...]
Popularity: 13% [?]
When it comes to Credit Cards, we have little patience. The companies that administer the cards and their accounts will do just about anything to try and get your money. Very few of them will do anything that isn’t in the interest of the company.
BB Rule: Debt Free means Credit Card Free too!
Destroy as many [...]
Popularity: 14% [?]