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Why Spending More on Family Fun Might Be Making Everyone Miserable

May 27, 2025 By Teri Monroe Leave a Comment

family fun on a budget
Image Source: Pexels

Have you ever heard of forced fun? It’s when you’re spending hundreds or even thousands of dollars trying to create magical moments for your family, only to end up with stress, exhaustion, and disappointment. It’s easy to fall into the trap of thinking that bigger budgets mean better memories. But the truth is, more money doesn’t always translate into more joy.

Elaborate trips to places like Disney World or outings to entertainment centers like Dave & Buster’s can be fun, but they aren’t the only ways to bond as a family. Sometimes, those grand plans lead to over-scheduling and unrealistic expectations, which leave parents frazzled and kids overwhelmed. If you’re inviting extended family into the mix, costs can skyrocket even further, often turning a fun day into a financial headache.

The good news? You don’t have to break the bank to create meaningful family memories. Here are some low-cost, high-reward alternatives that offer genuine connection, joy, and relaxation.

1. Get Outside

Nature is one of the most accessible and underrated sources of fun. Whether it’s a trip to your local park, a hike in the woods, or a day at the beach, getting outside offers benefits for both your wallet and your well-being. Fresh air, sunshine, and physical activity help reduce stress and boost mood for everyone in the family.

You don’t need expensive gear or travel plans to make it special. Pack a picnic, bring a frisbee, or explore a nearby nature trail. If you’re up for a bit more adventure, plan a low-cost camping weekend, even if it’s just in your backyard. With a few snacks and some blankets, you’ll have all the ingredients for a night to remember.

2. Do Arts and Crafts

Sometimes the most fun comes from the simplest materials. Grab those empty Amazon boxes, paper towel rolls, or leftover holiday ribbon and let your kids’ imaginations run wild. You don’t need to be a Pinterest pro. Simple activities like painting, making homemade cards, or building a cardboard fort can keep kids entertained for hours. Crafting is also a great way to encourage creativity and self-expression.

3. Plant a Garden

Gardening is a fantastic hands-on activity that teaches patience, responsibility, and appreciation for nature. You don’t need a big backyard or fancy tools to get started. A few pots on a balcony or windowsill are enough to grow herbs, flowers, or even small vegetables.

Involve your kids in every step, from planting seeds to watering and watching them grow. Use recycled containers like egg cartons or yogurt cups for seed starters to save even more money. As a bonus, your family can enjoy the literal fruits and veggies of your labor in homemade meals or as table décor.

4. Have a Family Bake-Off

There’s something magical about cooking together, especially when it involves a little friendly competition. Host a family bake-off inspired by your favorite cooking show, like Great British Bake Off style. Divide into teams or go solo, choose a theme, and let the creativity begin.

Everyone, from toddlers to grandparents, can get involved. The best part? You get to eat the results. Whether it’s cookies, cupcakes, or family recipes passed down through generations, baking together is a fun and delicious way to make memories. Don’t forget to crown a winner with a homemade trophy!

5. Plan a Staycation

You don’t need to travel far to escape the daily grind. A staycation allows you to unwind without the stress of packing, flying, or hotel expenses. Sit down as a family and plan a weekend full of local adventures and at-home fun. Ideas include movie marathons, backyard camping, DIY spa days, themed dinners, or visiting free community events. Let each family member pick an activity to make sure everyone feels included.

Planning Family Fun on a Budget

You don’t need a big budget to create magical family moments. In fact, some of the most cherished memories are made in the everyday, such as laughing together, getting messy with paint, cooking a favorite meal, or watching a sunset at the park. What matters most isn’t the money spent, but the time shared. So next time you feel pressured to plan a family fun day, remember that the simplest joys are often the ones that stick with us the longest.

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Filed Under: budget Tagged With: family fun, family fun on a budget, overspending on family activities

Is Credit Counseling Just a Fancier Version of Debt Collection?

May 22, 2025 By Teri Monroe Leave a Comment

Why you need credit counseling to manage your debt
Image Source: Pexels

If you’ve found yourself in a tough financial spot, you may be considering credit counseling. It’s easy to lump all debt relief services into one category. But credit counseling is much different than debt collection. They actually couldn’t be more different. Here’s what you need to know about debt collection and credit counseling to help you through your financial hardship.

Debt Collection

Debt collection has one goal: recovering money for creditors. They are hired by all kinds of entities, including banks, credit card companies, hospitals, and other lenders. If you haven’t paid your account for an extended period of time, you’ve probably heard from a debt collector. They usually are persistent and call you multiple times a day, email you, and send letters. Sometimes they even reach out to your family members. It can get pretty predatory. This is because they usually don’t get paid unless the debt is resolved.

Debt collectors are also responsible for reporting your debt to credit bureaus. This is why it’s important to monitor your credit score for any accounts in collections. They may even take legal action against you. Before it escalates, you usually can work out debt settlement or payment plans. If you are diligent, you can resolve any debts before your credit is affected. Remember, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA). But their role is not to help you out of debt, it’s to recover money for your lender.

Credit Counseling

Credit counseling helps individuals manage their debt and improve their financial health. These services are usually offered by nonprofit organizations or certified credit counselors. They can help you with many things, including budgeting help, debt management plans, and further financial education. A credit counselor can also help review your credit report with you and plan on how to improve your score. Overall, they work for you and want to see you succeed. Their goal is to help you get out of debt. All of their practices are ethical but beware of for-profit debt settlement companies. They may charge hefty fees for services. make sure you choose a reputable agency that is accredited.

The confusion usually begins when a credit counselor sets up a debt management plan for you. With this plan, you’ll make monthly payments to the agency, but this money goes directly to your debt collectors. Remember, credit counselors are working for you. They may negotiate lower payments or interest rates and can help settle your debt for a lower amount than what you owe.

Why You Should Use Credit Counselors

You shouldn’t be afraid to contact credit counselors. They are not debt collectors and are your ally. Ultimately, they will help you better manage your debt and eliminate it. There’s nothing in it for credit counselors other than to help you through difficult times. Debt collectors, on the other hand, are working for someone else. Their only goal is to get your money, so they may be less likely to negotiate or help you through financial hardships.

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8 Payday Loan Horror Stories You Won’t Believe Are Legal

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Filed Under: Debt Tagged With: credit counselor, debt collection, debt management, debt management plan

8 Payday Loan Horror Stories You Won’t Believe Are Legal

May 20, 2025 By Teri Monroe Leave a Comment

payday loans
Image Source: Pexels

Payday loans are short-term, high-interest loans typically meant to be repaid on your next payday. If you’ve ever needed a payday loan, you probably know that some of their practices are predatory. Still, 12 million Americans take out payday loans annually. These loans often take advantage of individuals who are in a financial pinch and need money fast. Interest rates are astronomical, and missed payments can lead to financial ruin. So, it’s not surprising that there are many horror stories out there. Here are eight stories that we couldn’t believe are even legal.

1. College Student Misses 500% APR

One college student took out a $100 loan to pay for essentials during finals week. Unfortunately, the APR on the loan was 500%. The student didn’t read the terms of the loan. Payment was missed by one day, and the student owed $500 plus a $50 late fee.

2. Teacher Goes into Debt

According to NBC, one day, Jennifer Williams borrowed $200. Years later, she was still struggling to escape debt that she called “quicksand.” It took her 6 years to pay off her payday loan debt. She did this with the help of a local bank that offered financial literacy classes. At the end of the classes, she was offered a low-interest loan to pay off her debt.

3. Six Loans at a Time

Sandra Harris was in a tough time, and she turned to payday lending. After several rollovers, Sandra’s first loan was due in full. She couldn’t pay it off, so she took a loan from a second lender. Sandra eventually found herself with six simultaneous payday loans. She owed over $600 per month in fees alone, which wasn’t applied to her debt. Sandra was evicted, and her car was repossessed.

4. Single Mother Struggles

Lisa Engelkins, a single mother making less than $8 an hour, paid $1254 in fees to renew a payday loan 35 times. Lisa thought she was getting new money each time. In reality, she was only borrowing back the $300 she had just repaid. She paid renewal fees every two weeks for 17 months to float a $300 loan, without paying down the loan.

5. Payday Loan to Afford Medication

Meka Armstrong has struggled in a cycle of debt from payday loans for years. She first took out a payday loan in 2010 to cover the costs of medication she needed for her lupus. Meka said it is the worst decision she has ever made. She said that payday lenders even threatened to sue her and threatened her with jail time for nonpayment. Lenders also have customer’s bank account information.

6. Lying about What is Owed

One individual who took out a payday loan said, “I took out a $1500 loan, wrote two checks for $918. I have paid over $3000 on this. I asked what I need to pay to pay it off, and I was told the check amounts. Went to pay one off and would come back to pay down the other. I was told I had to pay $1300. I don’t have another $400 to add.” The worst part is that lenders can garnish your wages if you are behind on payments.

7. Repayment is Not Considered

Most payday lenders don’t consider whether you can feasibly pay back the loan. In fact, they don’t want you to be able to comfortably afford payments. Then, they make more money. Ed got stuck in this cycle. Ed said he’d been borrowing from various payday lenders for a number of years, and now his monthly repayments were often more than he was earning. He said that he’d complained to the lender about the 50 loans he’d taken out with them, but they said all the loans had been offered responsibly.

8. Communication Isn’t Clear

One individual in Oregon shared their experience with poor lender communication. They said, “I obtained a $300 loan from this company via Money Mutual. Since that time, I have paid a total of $1,295 for a $300 loan. I have no access to my records on their website, and no one at the company will speak to me, yet they continue to debit my account every other week.”

Avoiding Payday Loans

Ultimately, any other kind of loan is better than a payday loan. If you have bad credit, ask a family member or friend for help or see if you qualify for any kind of assistance. You don’t want to get caught in the payday loan debt cycle.

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Filed Under: Debt Reduction Tagged With: payday loan horror stories, payday loan trap, payday loans

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