saving

The Emergency Fund: Blowing Through $600 in Two Days; My Real Life Scenario

The Emergency Fund: Blowing Through $600 in Two Days; My Real Life Scenario

Money experts speak endlessly about the importance of an emergency fund. It is essential to every aspect of financial well being. Within the last couple weeks, I personally have had to utilize my emergency fund proceeds. I’m going to let all the readers here at Broke Finance into a glimpse of my life. My father has been dealing with various health issues over the last year. What compounds matters is the fact that he is hundreds of miles away. The quickest method of travel in order to see him is via plane, which can become costly.

The Broke Challenge Returns For the Start of 2018.

The Broke Challenge Returns For the Start of 2018.

Back in August we launched the first ever #Brokechallenge. The purpose was to get readers to boost their savings before summer 17’ came to a close. All it simply entailed was saving each $1 bill you came across throughout the duration of August. If you have not caught on to what I’m getting at, we will be bringing back the #Brokechallenge to start the year 2018.

Pay Down Debt Or Save; Which Should Be First?

Pay Down Debt Or Save; Which Should Be First?

Some arguments stand the test of time. “What came first, the chicken or the egg?”. “Paper or plastic?”. “Do you prefer cats or dog?”. I know these have zero to do with personal finances but you can add one more argument to the list. The point I’m trying to get across is I believe the question of paying down debt versus building savings will become a long-standing debate.