That Minimum Payment is Keeping you in Debt Forever.

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. When we buy something on credit, we…

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Broke on Purpose- November 2015 Month Wrap Up

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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Five Ways to Stay out of Debt this Holiday Season.

  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…

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Broke on Purpose: October 2015

I’m a little late posting this, 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. When I wake up…

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What to Do When You Feel Like Stopping Your Debt Snowball

Before we started this Broke on Purpose journey any money that I would make working as a digital media influencer I was allowed to keep. Granted at that time I was working within one particular niche so I wasn’t generating tons of income, but it allowed me the ability to treat myself whenever I wanted. Now that we are living on a budget, any extra income that I make now goes straight to our debt. I enjoy it for the split second that it hits my account and then I take out money for tithes and taxes. The remainder then…

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The Broke on Purpose Ebook is Here!

  I’m so excited to announce that The Broke on Purpose Ebook is Here! In this guide, I share with you the three principles that have helped my husband and I to pay off over $18,000 in debt just seven months. You’ll learn what it means to be Broke on Purpose and how to take back control of your finances. Plus gain access to 6 free printables that will help you keep track of your monthly budget, outstanding debt, and so much more! Click Here to Purchase the Book Now!   

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Broke On Purpose September 2015 Pay Off and Goods News!

I still can’t wrap my head around the fact that it’s October, and we’ve been doing this whole Broke on Purpose thing for seven months.  What I can wrap my head around is the fact that I don’t worry about my bills getting paid any more. I don’t worry if we’re going to have money left at the end of the month because I made a budget at the beginning of the month, and I told my money where to go. I like to think of it as me being the pimp and our money being the ho.. well you…

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