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 I entered college, I had no debt. Well, I guess I had some as I’d already signed the papers, but hadn’t received the money, for the loans I was going to be using to partially finance my education. When I finally graduated, 7 and a half years later, I had mountains of the stuff. [...]
Inevitably, you’re going to screw up. You’re going to make a mistake and it’s gonna cost you. If you’re lucky, it’s only going to cost you a few dollars or a bit of bruised pride. If you’re not so lucky, it could cost you much more than that. Let me tell you a little secret. [...]
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 [...]
No matter where you go, the advice of those that already do to those that want to do is almost always, without fail, just do it. Want to be a writer? Forget the courses, workshops, and conferences. Just write. Want to be a photographer? Just go out and take some pictures. Want to be healthy [...]
You’ll hear me talk about it all the time. Well, you won’t likely hear me at all, but read me write about it just doesn’t sound right. If you want to succeed at your personal finance goals and your personal life goals, you need to continually work towards them. (Make some if you haven’t [...]
With the passage of the huge “stimulus” bill a couple weeks ago, one of the things that has been talked quite a bit about by both the media and the President is the reduction in the taxes that are taken out of our paychecks. Some $13 or so dollars on average will be left in [...]
If you’re smart, and you are since you’re reading Beating Broke, you’ve got an emergency fund. But just how much do you have in your emergency fund? And how much should you have in that fund? Ramseyan thought: Start with a goal of $1000 and then after your bills are paid off, move it up [...]
With all of the discussion about the price of gas that has been going on lately, and rightly so, it’s easy to blame your current financial troubles on the higher cost of gas. Don’t. While the higher cost may be hitting you hard, it isn’t the cause of your situation. But we all like scapegoats [...]
