Beating Broke

Personal Finance from the Broke Perspective

How You Can Avoid Loss of Income

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As a hardworking individual, the last thing that you want is to lose your income in a way that could have been prevented. Since most of what you do as an adult is towards securing your finances, you want to make sure that there’s minimal risk of something happening to them. Read on to see some actions that you can take to avoid a loss of income that could leave you in financial distress for years to come.

Maintain a Clean Home

One of the most important things that anyone can do for their continued good health is to keep their home clean and tidy at all times. Doing this could lower the chances of infections and diseases spreading to people in the home. This is backed by the fact that flu viruses can survive for up to 48 hours on hard surfaces.

There are many other disease-causing organisms that can linger around your home for a long time if you’re not careful. With health care being as expensive as it currently is, it’s important to take measures to keep the chances of coming down with something low for you and your family. When you do this, you may end up spending fewer finances on treating various issues.

Ensure Your Business Is Run Professionally

If you run a business either as a side hustle or it’s your main job, you must do it right. When you do, you’ll have a better chance of not just avoiding losing money, but you’ll also be likely to make more money. Avoid making mistakes such as failing to ensure your website is running optimally. This is important since up to 42% of people wouldn’t hesitate to leave a website whose functionality was poor. Clearly, it’s a good idea to hire the right professionals at every level of your business.

While doing this will see you spend money, you’ll have a great chance of getting this money back down the road. This should motivate you to plan your business operations carefully, ensuring that every last detail is thought about and dealt with the right way. This is going to help you avoid mistakes that could see you losing a lot of money and potentially even having to shut your business down in the end.

Take Care of Your Health

As mentioned, healthcare can be expensive. This makes it a good idea to practice prevention rather than wait to cure a full-blown issue. To this end, paying your doctor and dentist regular visits is advisable. This way, you can easily have any health issues identified and dealt with before they become expensive and time-consuming to solve. Keep in mind that almost 137.1 million Americans, according to CNBC, have gone through financial hardship this year as a result of medical costs.

Clearly, you stand to save a good amount of money by ensuring that you’re always in good health. The moment any issue is identified, you need to deal with it before it gets out of hand. Otherwise, there won’t be an advantage in finding out about issues early. Don’t try to cut corners where your health is involved. Pair regular visits to your health care professionals with eating healthy, nutritious meals, and staying physically active. These are all measures that can help you get your health in the best possible shape.

Taking these actions can help you avoid a loss of income in a number of ways. Start with one measure and practice it to perfection and then work on the others. In the end, you may be able to control your finances and avoid loss of income that could affect your lifestyle in a negative way.

Why You Should Save Money for Retirement Early Regardless of How Much You Make

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Your personal finance can have a big impact on your quality of life, as well as that of your family. This is why it’s a good idea to make sure that it’s in the best possible state and to take measures to improve it when you find that it isn’t. One of these measures is saving money for retirement. Outlined below are some reasons why you ought to save money for retirement early, no matter how much you make.

You May Need Urgent Health Care

Every one knows too well that health care can be extremely expensive. This is one of the reasons why it’s a good idea to start saving for retirement as early as possible. Note that slips and falls, according to the National Floor Safety Institute, are the main cause of compensation claims by workers. They’re also the main cause of occupational injury for people who are 55 years and older.

As you grow older, you may be at a higher risk of developing complications from a slip and fall accident. This and other types of health care may cost you a tidy sum, so it’s best to be prepared for such possibilities. Doing this can make your retirement years a bit more relaxed and enjoyable as you’ll be able to maintain good health.

You Might Lose Your Job When You Least Expect

It’s important for you to understand that, as times change, your job security may not hold as much. This makes it a good idea for you to save as much as you can while you still can, otherwise, it will be hard for you if you suddenly lose your job. It will be considerably harder for you to find ways to find a job and make money when you get older. You may be working as a mechanic and feel as though you’ll always have a steady stream of clients.

In this case, you may be aware of the fact that a driveshaft, according to Your Mechanic, doesn’t have a specific lifespan. All the same, it’s a good idea to change it every 75,000 miles. This and other bits of relevant information may change over time, and unless you make sure to keep your knowledge relevant to the current times, you may soon become obsolete. This is why you have to make sure that you have a backup in terms of savings.

Insurance May Not Provide Adequate Coverage

Another reason why you may be better off saving while you can is that insurance may not offer you adequate medical coverage when you need it. This is especially the case for things like oral health and optical care. You could become one of the approximately 50% to 75% of people who stand to benefit from orthodontic treatment.

You never know if you may require a procedure that falls just outside of your insurance coverage and have to pay for it out of pocket. The same goes for your car, your home, and other assets that you have insurance coverage for. Make sure that you can take care of all of these things even when insurance isn’t an option. A sudden disaster or other issues could leave you in need of immediate money. It’s always good if you can deal with financial issues as they come up without having to rely on third parties and distant sources.

These reasons should clearly show you the importance of personal finance and encourage you to save as much as you can. This can make life easier for you and your family in your twilight years.

4 Tips for Taking Care of a Dog When You’re Broke

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It’s no secret that taking care of a dog involves money. For some pet owners, money might be tight, but that doesn’t mean you can’t be a responsible dog parent. With 85 million American homes having a pet, there are bound to be ways to make it work even when you’re on a budget! Here are some tips for taking care of a dog when your budget is limited.

1. Make Your Own Pet Treats

Making your own doggie treats can help you save money while also giving your pup something extra special. There are plenty of easy recipes that you can whip up with ingredients from your pantry. For instance, try making your pup their own peanut butter and banana treats or some pumpkin and apple ones.

There are lots of recipes online you can use to feed your pup. In addition, you might also be able to use your dog’s kibble to make some tasty treats. While you might need to split your dog’s feeding schedule between two to three times a day, you can use your pet’s kibble as a tasty treat. For instance, wetting your pet’s kibble and putting it into a Kong, then freezing it, is a great way to keep your pup entertained.

2. Shop for Pet Supplies at Thrift Stores and Secondhand Sites

If you’re looking for items like leashes, collars, pet carriers, or even clothes for your pup, you might want to consider shopping at thrift stores or secondhand sites. This can help you save money since these items are usually much cheaper than buying them brand new.

Plus, they usually have a great selection of pet items that you can choose from. Also, if you have friends with pets, ask them if they’re looking to get rid of any items. Chances are, they might have some that you can use for free! However, you will need to make sure to thoroughly clean and inspect the items before using them.

3. Make Grooming at Home a Habit

When it comes to your pet’s grooming needs, you don’t have to go to a professional groomer. You can do most of their grooming needs at home such as brushing, nail trimming, and cleaning behind their ears. Not only will you save money, but it’s also a great bonding experience for both of you!

To start your pet’s grooming routine, first, make sure you have the right tools. Make sure to get a good brush and do some research on how to properly groom your pet. There are plenty of YouTube videos and tutorials that you can use to get started. Also, shop for a removable shower head, which makes it easier to give your pup a bath at home. Investing in the right tools will make grooming at home much easier and is cheaper than taking your dog to the groomer every couple of weeks.

4. Use Reward-Based Training Methods

Training your pup doesn’t have to cost a lot of money. You can use reward-based training methods that involve positive reinforcement and treats. With this method, you use treats to motivate your pup to learn new behaviors and tricks. In addition, you can use verbal praise or petting as a reward too.

Reward-based training is an effective way to bond with your pup and teach them good manners. Plus, it doesn’t require any special equipment or lots of money. All you need is some tasty treats and lots of patience!

Many people review their estate plan regularly when they review their financial plan. Just like people review their estate plans, it’s never too late to review your pet’s care plan. Taking the time to look into ways that you can maximize your budget when it comes to taking care of your pet is always worth it! With the above tips, you can ensure that your pet has a happy and healthy life even when money is tight.