The new year is a great time to sit down and start planning out your financial success for the upcoming year. Too often do we sit down and make new year’s resolutions only to find that we’ve abandoned them before March is over. This year Broke on Purpose is here to help you keep your financial goals whether they be big or small. This easy to follow 2016 Financial Checklist is the perfect thing to help you initiate your financial journey. Print it out and put it on your refrigerator, stick it in your day planner, or wherever you sit…

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One of the ways that credit cards and financing companies trick us into giving away more money than we intend is by using a tactic called “The Minimum Payment”. Simply put, the minimum payment is the lowest amount of money we can pay to keep our names in good standing with those who loaned us the money in the first place. The amount of money you pay towards a minimum payment will range based on the interest and the amount of money borrowed or financed with most payments starting as low as $15. Not surprisingly these minimum payments could be…

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Paying off debt is exhausting. As I type this post I am honestly mentally and physically exhausted. My days are spent working, constantly, running on the rat wheel trying my best to find a way to get off. I know there is no way off. At least not right now, at least not until we are debt free. The other day my Husband and I planned breakfast around an experiment I had going on in the lab. At breakfast, we were talking about our goals as we usually do and making plans for what’s going to happen job wise once…

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You know it’s that time of the year, when the air grows crisp and the scent of cinnamon and nutmeg rides upon the night’s breeze. When your inner child longs for the comfort of your family and friends and when stores bombard you with every sale known to man.Yes! Ladies and Gentlemen, I am talking about that time of the year that brings out the joy and peace to the young and old at heart, but if not carefully managed, it can bring out the dreaded anxiety and misery for those who have not prepared. If you’ve made a vow…

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I’m a little late posting this October Debt Payoff Report, but I definitely had to share because last month my husband and I hit a milestone within our debt payoff journey.  This would be a lot more exciting if we were saving up the money instead of paying off debt, but we’ve finally hit the $20K mark. Actually, we’re over the $20K mark as since we started Broke on Purpose 8 months ago we’ve paid off a whopping $22, 192! That’s right that’s $22K worth of debt gone! It’s so refreshing to have that weight of debt off our backs.…

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