Beating Broke

Personal Finance from the Broke Perspective

  • Home
  • About
  • We Recommend
  • Contact
  • Privacy Policy

Powered by Genesis

Search Results for: life insurance

Taking Care of Pennies and Priorities—One Day at A Time

April 6, 2021 By Justin Weinger Leave a Comment

We’re all looking for ways to live our values and have our spending align with our priorities. The only question is: how?

It seems that every day something else is vying for our attention. Many families have been delaying expensive purchases because of uncertainty and turbulence. If you’ve been thinking about how to spend according to what matters most, consider 3 key ideas.

There are so many ways to identify your priorities and achieve savings…here are my top 3 favorites.

Eat Less Meat

If you’re looking for a big solution, eat less meat.

It may seem like an unusual place to start. However, if you shift from eating meat, you will save money on your grocery bill. How much is entirely up to you?

Please don’t take my word for it. Instead, run a personal experiment. Make a move in the direction of eating less meat by initiating a Meatless Monday. Use this day to experiment with eating more vegetables, grains, and whole foods. No meat. All-day.

Then, check your grocery bill. Do you notice a difference?

One friend told me she saw an immediate drop in her bill of 30%.

When you’re eating less meat, you’re not just saving money. You’re also supporting the health of your family. You’re introducing vegetables and whole foods that your children and spouse may come to prefer.

Besides, you’re supporting the earth. It takes a lot more acres to feed a cow than it does to grow enough vegetables to feed people.

And that’s not all. You’re also contributing to not killing innocent animals. Many cows are raised and slaughtered in inhumane conditions. By opting for vegetables, you are helping guide the direction towards the compassionate treatment of animals.

So, let’s say you go for a Meatless Monday and see the benefits.

Why stop there? You can easily expand the zone of no or less meat to two, three, or seven days a week. The choice is yours. My bet is you’ll feel lighter, support your family’s health, help the planet, and spend less. That’s a win-in in every direction.

Use Vinegar

I bet you have noticed that household items can be problematic for the environment. As a conscientious person, you may have looked into buying organic products to reduce potential pollutants.

This is a smart move, but it’s very likely expensive. That’s why our moms and grandmothers often turned to a simple substance: vinegar.

Vinegar is a remarkable product. It can be used to replace so many cleaners and household products. I didn’t believe it at first, but it has the strength to remove scum from the bathroom and mold from the hard-to-get places in the shower.

You can even use it to clean the toilet and bathtub. This is an awesome way to create a healthy household and save money on an ongoing basis.

Protect Your Family

No one likes to think about unexpected events. But sometimes, often in the middle of the night, you may find yourself searching for ways to prepare for unexpected events.

I just got off the phone with a friend who was up all night. Here’s what Sara told me, “I couldn’t stop myself. I was turned into some kind of threat channel in my psyche and I kept thinking about what could help me prepare my family should something happen to me.

I was randomly typing in topics like, buy term life online, build a retirement plan, and start an emergency fund. Before I knew it…the sun was coming up and I still hadn’t gotten any sleep.”

If you find yourself worried and concerned about protecting your family, it is entirely understandable. What can you do? Take specific action. Yes, you can buy insurance. Yes, you can start a retirement plan. Yes, you can take steps to save up for a rainy day emergency fund.

When you do take specific actions, you’ll worry less—and most likely you’ll also have higher quality sleep. With more sleep, you’ll be in a better state of body and mind to deal with whatever is up for today.

Sum Up

There are so many ways to align your values and your spending. What are you going to do today?

Filed Under: Financial Truths

Want to Become an Early Retiree? Here’s the Investments To Buy Right Now!

March 15, 2021 By Susan Paige Leave a Comment

A lot of people talk about retiring early as though it was just a fantasy. This dream can become a reality with strategic planning and the right investments.  [Read more…]

Filed Under: Uncategorized

4 More Ways to Save on Medical Bills

May 18, 2020 By MelissaB Leave a Comment

Previously, we talked about four ways to save on medical bills.  Most of those techniques involved ways to delay or forego medical expenditures.  However, sometimes medical care is necessary, and in the case of a major injury or mental health crisis, the amount you spend on medical care can be large and sudden.  When faced with large medical bills, you may feel discouraged and overwhelmed, but there are still 4 more ways to save on medical bills.

4 More Ways to Save on Medical Bills

Offer to Pay Cash for a Discount

If your large medical expense is not the result of an emergency that requires immediate attention, you may be able to offer to pay cash for the procedure in exchange for a discount.

When a woman is planning to have a baby at a certain hospital or birthing center, she can often negotiate for this type of discount, for instance.  By paying cash, she saves the hospital the trouble of going back and forth with insurance.  Therefore, the hospital may gladly give a discount.

Negotiate with the Provider

Another option is to negotiate with the provider.  Julie’s insurance didn’t cover psychologist appointments, so when her son needed therapy, she negotiated with the provider.  While the rate to see a more experienced psychologist was $125 per hour, she was offered the chance to have her son see an intern for $50 per hour.  The intern was supervised by one of the experienced psychologists.  This helped Julie feel comfortable going this route.

Create a Payment Plan with the Provider

4 More Ways to Save on Medical Bills
Photo by H Shaw on Unsplash

If you are facing medical bills in the thousands or tens of thousands of dollars, make sure to not only negotiate with the provider, but also to ask to go on a payment plan.  When my children had orthodontic work done, I paid a down payment and then took advantage of the orthodontist’s payment plan.  I paid the same amount for 18 months, and the orthodontist charged me no interest.

Hospitals and other medical providers may offer you a similar type of payment plan.  Many will provide these payment plans free of interest, while others do charge some interest.  Make sure to get your payment plan in writing.  If your financial situation changes, contact the medical provider so the arrangement can remain in good faith.

Seek Assistance

If you or a loved one is facing long-term medical expenses, research, research, research.  You may find organizations that can help you pay for the services you need.

One of our children was diagnosed with high functioning autism a year ago.  We have literally paid thousands of dollars out of pocket for services.  However, even after spending that much money and seriously straining our budget, there were services like occupational and speech therapy that we could not afford.  A friend told us about an organization that helps families like ours.  We went through a lengthy application process and were approved.  Now our child is receiving speech and occupational therapy at no charge to us.

Similarly, a family friend’s husband had a catastrophic stroke from which he’ll never recover.  She found an organization that will help her pay for her husband’s long-term care.  This is something she desperately needed because her husband will be institutionalized for the rest of his life.

High medical bills can be overwhelming.  However, there are 4 more ways to save on medical bills that you can use to get the help you need and to reduce the amount that you need to pay.

Have you faced high medical bills?  If so, what strategies did you use to remain financially solvent while paying your medical bill obligations?

Filed Under: Debt Reduction, Frugality, Saving Tagged With: Frugality, medical bills

  • « Previous Page
  • 1
  • …
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • Next Page »
  • Facebook
  • Pinterest
  • RSS
  • Twitter

Improve Your Credit Score

Money Blogs

  • Celebrating Financial Freedom
  • Christian PF
  • Dual Income No Kids
  • Financial Panther
  • Gajizmo.com
  • Lazy Man and Money
  • Make Money Your Way
  • Money Talks News
  • My Personal Finance Journey
  • Personal Profitability
  • PF Blogs
  • Reach Financial Independence
  • So Over Debt
  • 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.