the don’t be broke blog

Welcome to Safe Investing Part 2 5. Nothing Rises Forever From the S&P 500 to real estate prices, this little truism has proven itself over and over again. If there was ever a safe bet, this is it. 6. If it Sounds Too Good to be True, it is Hope and greed cause investors do […]

Welcome to How To Become A Millionaire, Part 2! 5. Make your money work for you It takes money to make money, but that doesn’t mean you need a lot to invest. Open an account with a mutual fund company that has no-load funds and low expense ratios. Build a diverse portfolio, and you can […]

How To Become A Millionaire (Pt 1) 1. Develop a written financial plan Saying you want to be wealthy isn’t good enough. You need to come up with a workable plan and put it on paper. The written plan forces you to do something. Calculate what you need to earn and how to invest. The […]

Here is a Household spending plan to save for retirement! Part 2 Step 4 – Choose Your Spending Plan Targets Use the Spending Grid Tool below to help you decide which spending categories you will target for reduced spending. For each numbered spending category, draw an appropriate bubble on the grid. Big expenses should go […]

Here is a Household spending plan to save for retirement! Part 1 Step 1 – Set Your Retirement Savings Goal If you’re still in your 20s, consider setting a savings goal of 10% of your income. If you’re in your 30s or beyond and don’t have a lot saved for retirement, think about how you […]

Welcome to Safe Investing Part 1 1. Have a Plan The old cliché is true. Nobody plans to fail, but many fail to plan. Having a comprehensive financial plan in place, understanding your goals, and proactively managing your investments are never bad ideas. 2. Have a Cash Cushion The emergency fund is always a classic […]

10 tips to get your debt paid off ASAP (Pt 2) 5. Sell any unnecessary items Take a look around your house. Is there anything taking up space that you really don’t need? Maybe there are some larger items taking up space such as unnecessary furniture that could be sold to pay off your debts […]

10 tips to get your debt paid off ASAP (Pt 1) 1. List debts by interest rate List your debts from smallest to largest. Then, list them in order from highest interest rate to smallest interest rate. Since the one with the highest interest rate is costing you the most money, that’s the one you […]

Welcome to Tips for Saving Money on Summer Bills Pt. 3 7. Turn Down Your Hot Water If you’re like many people, you crank up your hot water heater during the cold winter months because you love stepping into a hot shower. And you probably forget to reduce the temperature settings during the summer. Doing […]

Welcome to Ways to Invest $100 (Part 4) Buy fractions of a share with Stockpile Normally, you have to buy whole shares of a stock. Stockpile, however, lets you buy fractions of a share. If you have $100 and the company you want to invest in has a stock worth well over $100, you can […]