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Does Anyone Have Privilege Any More? The Answer No One Is Ready To Hear

June 5, 2025 By Teri Monroe 1 Comment

What is privilege?
Image Source: Pexels

When you think of privilege, you probably think of someone who has been fed with a silver spoon. We use it to describe everything from race and gender to wealth and education. If you have invisible advantages, you’re privileged. But does privilege really exist anymore, or are we all just trying to get by? Has privilege disappeared among economic instability, political polarization, and cultural fragmentation? The answer is yes, but not in the way we are accustomed to.

Is Privilege a Thing of The Past?

In 2025, as inflation eats away at middle-class stability, job markets are reshaped by AI, and even the wealthy grapple with climate anxiety and social unrest, some ask: Does anyone actually have privilege? The uncomfortable answer is that privilege hasn’t disappeared. It’s just become more layered, more hidden, and more complex than the culture wars allow us to admit.

Thinking about privilege is often ignored today. Many of us don’t have this conversation because of fatigue. We’re so tired of hearing about privilege when we are struggling. But it’s important to get to the truth and not look at privilege as a dirty word for someone who has never struggled in life.

In fact, the very idea of privilege has been politicized, weaponized, and oversimplified. People hear the word and shut down because they associate it with blame or guilt. But privilege isn’t always something you choose — it’s often just something you were born into. And acknowledging it doesn’t mean you haven’t worked hard.

The New Privileged Class

So who is the privileged class? Maybe it’s just people who haven’t endured as much hardship. It’s not to say that they have avoided the chaos of life altogether, but have struggled less than some. Privilege today can look like having access to private insurance and good health. It can be a college degree with no student debt. It may even be citizenship in a country that has a strong democracy and no war. Maybe for others, it looks like having a stable job where you can afford childcare.

It could even mean something as simple as generational wealth, like having parents who could help with a down payment on a home, or who didn’t pass down debt. In today’s world, even time and mental space are privileges. The ability to plan ahead, rest, or pursue personal growth is not universal.

Respecting Each Other’s Experiences

We shouldn’t write off each other’s experiences and situations. Just because someone is privileged in one area of their life doesn’t mean that their experiences aren’t valid. No one today is privileged in the same way we once thought about it. Maybe only the ultra-wealthy are truly privileged. In reality, the middle class has all but disappeared in the US, and we all struggle to some extent. Ignoring privilege doesn’t eliminate inequality. But reframing the conversation may help. When we truly walk in each other’s shoes, we can find common ground and understanding.

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5 Hidden Barriers That Quietly Punish the Working Poor

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Filed Under: General Finance Tagged With: middle class, privilege, wealthy class

5 Hidden Barriers That Quietly Punish the Working Poor

June 3, 2025 By Teri Monroe Leave a Comment

Why the working poor are stuck in poverty
Image Source: Pexels

In 2020, 37.2 million people, or 11.4 percent of the nation’s population, lived below the poverty line, according to the U.S. Census Bureau. With many Americans considered the working poor, it’s important to consider why so many can’t get out of poverty. The reality is that it is extremely difficult to escape the cycle when the system is inequitable.

The working poor face a number of challenges that often go unnoticed or are misunderstood. These barriers aren’t always immediately obvious, but they can have a profound impact on their ability to break free from poverty. Here are five hidden barriers that quietly punish the working poor.

1. Lack of Affordable Childcare

Many working parents in low-income households face the challenge of finding affordable, high-quality childcare. For example, the cost of childcare in 2022 for one child ranged from $6,552 to $15,600. This high cost isn’t feasible for many American families. In addition, many parents living in poverty don’t have a strong support system of family or friends that can help watch their children. Without this support, parents may be forced to choose between working to make ends meet or staying home to care for their children. Plus, if childcare is unreliable, parents may get their hours cut or lose their jobs altogether.

2. Inaccessible Transportation

Transportation is another hidden barrier that can trap people in poverty. Many low-income workers rely on public transportation, which is not available in all areas. In other cities, public transit is antiquated, and it’s hard to get from place to place on time. Workers may spend hours on public transit trying to get to their jobs.

For those who own a car, the costs of maintenance, fuel, registration, and insurance can quickly add up, leaving little room for savings. In addition, if an individual has their license revoked because they couldn’t pay for a driver’s license renewal, insurance premiums, car inspections, or registration renewal, they often are left high and dry with nothing to fall back on. If someone who is poor can’t pay their car payments, their car can also get repossessed. All of these issues tend to be overwhelming and hard to dig out of. Without reliable transportation, workers can lose jobs or miss out on better-paying opportunities that are located farther away.

3. Inadequate or No Health Insurance

Even though many working poor individuals may be employed full-time, they often lack access to affordable healthcare. Some jobs don’t offer health insurance, or the premiums and out-of-pocket costs are unaffordable for low-income individuals. Plus, policies may have high deductibles that workers can’t even afford. This means that minor health issues are often ignored and can lead to serious conditions. Workers may delay seeking treatment until the problem becomes catastrophic. Medical debt can be crushing and hard to pay off. Ultimately, this can lead to bankruptcy or financial ruin.

4. Debt Traps

Many working poor individuals turn to payday loans or high-interest credit cards to make ends meet. These financial products often come with astronomical fees and interest rates, which make it nearly impossible for borrowers to pay off their debt. Plus, these lenders are very predatory and are illegal in some states. If individuals don’t pay back these loans on time, they can owe interest of as much as 300%-400%. This cycle of borrowing and never-ending debt can leave workers stuck in poverty for years, as they pay off loans that barely cover the interest, let alone the principal.

In addition to predatory loans, it can be extremely hard to pay off high-interest credit cards. Missed payments and accounts in collections can destroy your credit for years to come. The working poor often can’t afford more than the minimum payments, and if that, then interest continues to compound.

5. Lack of Access to Assistance Programs

In some cases, some of the people who need assistance the most don’t qualify. For example, you may not qualify for programs, like Supplemental Nutrition Assistance Program (SNAP), if you don’t have a permanent address. Without assistance, the working poor often have to choose between feeding their families, paying bills, or other essentials. This can continue the cycle of poverty. When the poor need it most, there is often nowhere to turn.

Escaping Barriers for the Working Poor

These barriers don’t just affect an individual’s ability to succeed; they also create a cycle of poverty that’s difficult to escape. Solving these issues would require coordinated policy changes, community support, and a reevaluation of how society treats its most vulnerable workers.

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Filed Under: General Finance Tagged With: debt traps, poverty, working poor

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?

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

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