Beating Broke

Personal Finance from the Broke Perspective

  • Home
  • About
  • We Recommend
  • Contact
  • Our Editorial Commitment

Powered by Genesis

Why Is Getting Out of Bed So Hard When You’re Broke

April 3, 2025 By Teri Monroe Leave a Comment

struggling to get out of bed
Image Source: Pexels

If you’re broke, you may be struggling to get out of bed. The weight of financial stress can be overwhelming, making it hard to find the motivation to start your day. Every morning may bring a fresh wave of anxiety about unpaid bills, job insecurity, or the uncertainty of how you’ll make it through the week. The mental, emotional, and physical toll of financial struggles can leave you feeling drained before the day even begins. If this sounds familiar, you’re not alone. Here are some key reasons why financial hardship can make it so difficult to get out of bed and what you can do to push through.

Exhaustion

You may be working several jobs to try and make ends meet. You may be pushing your body to the brink and may not be able to get proper nutrition to refuel. Physical exhaustion can also weigh on your mental health. Additionally, you may be stressed about your ability to pay bills or your rent. Worry and stress can also contribute to poor sleep, which can make the problem even worse.

Lack of Motivation

If you feel like you can’t get ahead financially, you may have given up. Lack of motivation can contribute to your inability to get out of bed. It’s hard to feel motivated if you feel like the cards are stacked against you, but remember that you can make small positive changes every day.

Depression

Laying In Bed
Image Source: Pexels

Financial issues can weigh on your mental health. You may also be isolating yourself from friends and loved ones if you don’t have the means to go out with them. Such social isolation can be a trigger for mental health issues. You may be experiencing depression as a result. If you feel hopeless, be sure to seek help from a mental health professional.

Rejection

Getting up when you’re broke may mean facing more rejection from job applications. You may feel that it’s better to stay in bed than be rejected again. It’s important to remember though that rejection isn’t a reflection of your worth. You’re more than a job title or your financial hardships.

How to Make a Change

While it may seem difficult, setting small goals can help you get out of bed. Making a list of goals or things you’d like to accomplish each day can keep you on track. Be sure to celebrate each time you check something off your list. Setting a routine can also be helpful, especially when you’re struggling to get out of bed. This might include incorporating things that help you release dopamine, like exercising. If you schedule your day, you’ll be more likely to get out of bed.

It’s also important to seek support from family, friends, and a mental health professional if you’re struggling. Although it may seem difficult now, there are better days to come.

How do you get out of bed when faced with financial hardship?

Read More

If You Stay With Her: 10 Reasons She’ll Always Keep You Broke

Quiet vs. Outgoing: 10 Daily Habits Separating Introverts and Extroverts

Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: General Finance Tagged With: depression, struggling to get out of bed, struggling to get up when you're broke

Stop Letting Your Money Sit Idle: 6 Tricks to Give Every Dollar a Job

March 25, 2025 By Teri Monroe Leave a Comment

Every dollar has a job
Image Source: Pexels

Do you just let your money sit passively in a checking account? By doing this you’re letting your dollars lose their value with inflation. With money just sitting idle, you’re missing opportunities for financial growth. You should be putting your money to work for you instead. When every dollar has a job, whether it be to pay off debt, invest, or save you’ll reap the benefits. Here we’ll talk about 6 smart ways to put your money to work.

1. Automate Your Savings

Before spending any of your money, you should pay yourself first and put money into a high-yield savings account. This easily can be automated to come out of your checking account with each paycheck or deposit. You can use apps like Acorns, YNAB, or Qapital to round up purchases and save spare change. A good rule of thumb is to aim to save 20% of your income and adjust this number as your income increases.

2. Invest Consistently

You can start small with investments by opening a brokerage account and investing in EFTs or index funds. You can invest a fixed amount monthly so that every dollar has a job. With easy tools like Coinbase or Robinhood, you can invest right from your phone. Even small amounts like $50 per month can grow significantly over time. Make sure you are diversifying your portfolio so that you can make the best investment decisions.

3. Create Sinking Funds

If you anticipate large expenses, you can create sinking funds. Set aside money monthly toward large expenses like car repairs, vacations, taxes, etc. Keep each fund organized and keep putting money into it so that you don’t incur debt when large expenses happen.

4. Maximize Employee Benefits

If your employer offers benefits like retirement accounts or other pre-tax benefits, make sure you are taking advantage of these financial opportunities. For example, make sure you contribute enough to your 401(k) to get the full employer match. It’s free money! This money can make a difference as you save for retirement over time. When you sign up for health benefits, make sure you explore HSAs, FSAs, and other pre-tax accounts to reduce taxable income. This can help you save money on health-related expenses.

5. Pay Off High-Interest Debt First

Don’t overpay on interest on your debt. Use the Avalanche method to pay down your highest interest debt first so that you don’t throw away money over time as interest accrues. This way you can keep your debt manageable and continue to pay it down within a reasonable amount of time.

6. Manage Your Spending

Make a budget and allocate your money toward needs, wants, savings, and debt repayment. Using budgeting apps can help you stay on track and make sure that every dollar has a job. You can use methods like the 50/30/20 rule to manage your money and help set a realistic budget.

How do you make your money work for you? Share your thoughts in the comments.

Read More

How to Find Repossessed Cars for Dirt Cheap (Without Getting Scammed)

Can’t Afford Therapy? 6 Affordable Mental Health Options Without Insurance

Need Passive Income, Check Out This List of Apps

Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: General Finance Tagged With: every dollar has a job, make your money work for you, saving advice

The Lazy Person’s Guide to a Wealth Creation Plan That Works

March 13, 2025 By Teri Monroe Leave a Comment

The Lazy Person’s Guide to a Wealth Creation Plan
Image Source: Pexels

Planning your financial future doesn’t have to be overwhelming. What if you could create a wealth creation plan quickly and easily? With these practical hacks, you’ll have a clear financial roadmap in no time. Here’s everything you need to know to build a plan that works.

What is a Wealth Creation Plan?

A wealth creation plan is a strategic plan detailing how you intend to grow and manage your financial resources over time. It outlines how to earn, save, invest, and protect your wealth to achieve financial security and long-term goals. While this may seem like a lot to include, there are several shortcuts you can take when creating your plan.

What Are The Steps to Making a Wealth Creation Plan?

Using these steps you can easily create a wealth plan that works:

  1. Analyze Your Current Situation: In this section of your wealth plan, you should calculate your net worth, income, and expenses.
  2. Define Your Goals: You should include your goals in your wealth creation plan including short-term, medium, and long-term goals. This should include milestones like homeownership and retirement, for example.
  3. Determine Your Income Growth Strategy: Your income strategy should include all the ways you intend to bring in and generate money such as investments, salary, or business ventures.
  4. Define How You Will Save and Budget: Come up with a budget and saving strategy that will work for your current situation.
  5. Detail Your Investment Plan: Here you should outline what kind of investments you will pursue.
  6. Outline Risk Management: Risk management includes your emergency fund, insurance, and diversified investments.
  7. Create a Monitoring and Adjustment Strategy: Different phases of life may call for your wealth plan to be adjusted. Your plan should outline how often you will review your progress, rebalance investments, and include new goals.
  8. Include a Legacy Plan: As far as legacy planning, this includes your will and estate plan.

How to Make Creating a Wealth Plan Easier

Use Templates

When creating your actual plan, you don’t have to reinvent the wheel. It’s perfectly acceptable to use ChatGPT to create a template. Some AI is geared toward helping you create a financial plan. If you’re short on time, this easy hack can make creating a wealth plan very easy.

Get The Help of a Financial Advisor

If your money is a little more complex, enlisting the help of a financial advisor can be beneficial. They can help you understand your finances, create your wealth plan, and work toward goals. Plus, hiring a financial advisor can save you significant time and energy.

Do you have a wealth creation plan? What does it include?

Read More

Swipe, Regret, Repeat: 6 Sneaky Ways to Outsmart Your Impulse Purchases

Ditch Your Low-Interest Account: 7 High-Yield Savings Options in Arizona

Teri Monroe Headshot
Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Filed Under: General Finance Tagged With: easy wealth plan, wealth creation plan, wealth planning

  • « Previous Page
  • 1
  • …
  • 19
  • 20
  • 21
  • 22
  • 23
  • …
  • 66
  • Next Page »
  • Facebook
  • Pinterest
  • RSS
  • Twitter

Improve Your Credit Score

Money Blogs

  • Budget and the Bees
  • Celebrating Financial Freedom
  • Christian PF
  • Clever Dude
  • Dual Income No Kids
  • Everybody Loves Your Money
  • Financial Panther
  • Gajizmo.com
  • Grocery Coupon Guide
  • Lazy Man and Money
  • Make Money Your Way
  • Money Talks News
  • Personal Profitability
  • PF Blogs
  • Reach Financial Independence
  • Saving Advice
  • The Savvy Scot
  • Yes, I am Cheap

Categories

Disclaimer

Please note that Beating Broke has financial relationships with some of the merchants mentioned here. Beating Broke may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

Visit Our Advertisers

Need to change careers? Consider an Accounting Certificate Program from WTI.
  • Home
  • About
  • We Recommend
  • Contact
  • Our Editorial Commitment