Everybody makes mistakes. It’s just how quickly you discover them and if you recover and learn from them that makes the difference. Make a mistake and ignore it, and you’re likely headed for disaster. Learn from the mistake, and avoid making it again, and you just might save yourself. Recently, while catching up on our [...]
Save! Be Frugal! A penny saved is a penny earned. There’s a plethora of maxims meant to encourage us all to save our money for a rainy day. To hoard our excess funds so that we can spend them at a later date and enjoy their usage. But, is saving our money a waste of [...]
When it comes down to setting your budget, saving your money, spending your money, and acting responsibly with money overall, you are your own worst enemy. You and only you are responsible for keeping your self-made goals. There are tools that you can use to help yourself, but the only enemy that you need to [...]
Personal finance isn’t all just about the best ways to save money and live frugally. There are other things to consider; other rules that should be followed. Some have absolutely nothing to do with saving money.Many of the posts here at Beating Broke deal with saving money, budgeting, and living frugally. On many occasions I [...]
LifeLock will pay $12,000,000 in a settlement with the FTC and 35 states. The states and the FTC claim that LifeLock’s Identity theft and data security claims were not true. In one of the largest FTC-state coordinated settlements on record, LifeLock and its principals will be barred from making deceptive claims and required to take [...]
Just what is reactive personal finance? It’s the management of your personal finance in reaction to events or situations as opposed to the management of personal finance in anticipation of events or situations. The best example of this is a budget. A budget is built and held to in anticipation of events in your financial [...]
I’m making this post in part to share with you, but also to make a reminder for myself of the things that I need to look into. One of the mistakes that I and many other people make is not shopping around enough. While you may have found the best deal when you bought something, [...]
They weren’t exactly forgotten, but unpaid all the same. Our habit for doing our budget and paying bills consists of throwing everything in a pile and then sorting through the file when we sit down to enter all the data for our budget into the spreadsheet. One of the first things we do is go [...]
My wife and I are thinking of selling our house and buying something a bit bigger. The house we are in is a little small for our expanding family. It could be done, but not very comfortably. In that process, we started our research by visiting with a loan officer to run some numbers and [...]
