Broke-Ass Student

Today I threw another $1,000 toward my debt and it feels incredible!
Last year I would never have imagined making as much headway on my bills as I have this summer, and it’s been extremely encouraging. The challenging part is sacrificing in order to stash away as much of my paycheck as possible, instead of […]

A new frugality could remake the U.S. economy—and American life. While some Americans have spent themselves straight into poverty, others industriously aspire to conserve and save. But is frugality a doctrine that can actually serve as a death warrant in a credit based society?
The End of Credit Card Consumerism
U.S. News and World Report
August 8, 2008
Is […]

“There’s quicksand all around us,” says 87-year old veteran investment advisor Charles Allmon. “We’re in an economy that’s tanking, we’re looking at the most significant economic downturn since the 1930s, and the dollar is going to hell.”

New Threat: The ‘Obama’ Market
The Sun
June 30, 2008
Mr. Allmon has been in the stock market for over fifty years […]

The dirty little secret everyone in Washington knows - “We suffer from a fiscal cancer.”
David Walker, the nation’s top accountant and former comptroller general of the United States, is a highly respected public figure who has run the Government Accountability Office. (The GAO audits the government’s books and serves as the investigative arm of the […]

A financial update. Oh baby, how far we’ve come
While rummaging through some older posts here on Broke-Ass, I stumbled across a lot of stuff I’d forgotten about. A post from last year showed how I’d gone from $0 in savings in January 2007 to $1,000 in savings four months later (see Surviving Paycheck to Paycheck? You Can […]

In The Current Turbulent Economy and Financial Sectors, What Gives?
I’ve become somewhat of a CNBC junkie lately, which has resulted in some pretty bizarre sleeping patterns. It’s not unusual to catch me propped up on my pillows at 4am, munching on some Cheerios and sneaking in an hour or two of ”Worldwide Exchange”. Month after month I’ve held my breath and […]

A Continuation Of My Struggle Battling Alleged Credit Card Debt
The beginning of this story can be found at Broke-Ass Student Just Got A Whole Lot Broker with a bristled rebuttal at How To Fight Back Against Collection Agencies.
I squinted at the words scrawled across the pages through the dim light, entirely absorbed in my reading, when suddenly loud rasping at […]

True wealth accumulation dismantles the philosophy of, “let’s forget about tomorrow only to live for today“
Are you still frittering money away on purchases through credit cards by paying for ’stuff’ with future earnings? Does the thought of savings (or lack thereof) still leave you squirming and feeling uneasy?
Isn’t it time to break free from restrictive habits and follow a […]

Preserve your rights against debt collectors to make sure you’re being treated fairly
If you’ve been contacted by a collection agency, don’t be afraid, feel ashamed, or become nervous. Remain firm and stand your ground. Never allow yourself to feel manipulated or bullied. You will never, ever go to jail for not paying a debt. Take a deep breath, learn […]

My broke-ass is being sued.
I apologize for being away from this blog the past week, but things have taken an unexpected turn. Last Wednesday, out of nowhere, I received a notice in the mail that Mr. Scumbag lawyer was authorized to commence a lawsuit against me on behalf of a federal bank for an alleged […]

I just read an article over at Violent Acres that resonated strongly with me. It’s an excellent read that illustrates the madness of what debt can do, and the sobering reality of how it affects everyone regardless of stature. It’s a two-part provocative story and definitely worth heading over for a look.
Go take a moment […]

Accepting debt and learning how to conquer it
One day it dawned on me that I was in some pretty nasty debt due to a car and student loan- to the tune of over $15,000. I also began to realize that I wouldn’t achieve true financial stability or spiritual peace of mind until I was free […]

Baby step #6 - Use a ’save first and buy later’ approach to avoid spending money you don’t have
Are you struggling paycheck to paycheck and there never seems to be enough money at the end of each month, like I was? Is it a constant struggle to make your bill payments on time? Do you […]