Archive for the ‘Odds & Ends’ Category

How Can I Make More Time For Myself?

Have you met the time vampire?  It sucks essential time out of your schedule, leaving you scrambling to get things done. Here are some of the time vampire’s favorite ways to make you waste time, giving you less opportunity to do what you really want.

Disorganized time.  You know your class schedule, but have you really planned when you’re going to study for your econ test?  When is that study session the teacher is having?  It’s often too hard to remember everything, so it’s essential to write down all of your scheduling commitments.  By planning it out, you’ll know how much time you’ll need to study and whether you’ll have time to go out for pizza afterwards.

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BrokePiggy.com Special Announcement!

I’ve got some really exciting news I wanted to share with you.  But instead of just reading the announcement, watch this quick video…

So there you have it.  Starting next week, I’ll be answering your money questions through both written and video format.  Just to make sure you don’t miss any of the videos, you can actually subscribe to the site from the column to your right.  You can subscribe through RSS feed or we can email you the latest posts and videos as they come out.

Also, if you’ve got questions about anything and everything related to money, email me at grant@brokepiggy.com.

How Do I Deal With The Peer Pressure To Spend More Than I Should?

At some point in our lives, we all encounter that friend who is impossibly good at getting us to spend money that we don’t need—or want—to spend.

These friends, or “enablers,” are the ones who encourage you to buy that hot fudge sundae for dessert when you’re on a diet, order those $100 concert tickets when you say you’re broke or splurge on that pair of jeans that aren’t that comfortable. And who loses in the end? You and your wallet.

While individual purchases as small as a hot fudge sundae seem like no big deal in the moment, over time, they do add up. It’s important to be prepared so you don’t fall victim to impulse shopping or peer pressure:

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When I Go Out To Eat, How Much Should I Tip?

In the U.S. it’s customary to give a tip to a person, like a restaurant’s server, who provides a personal service.

Many workers in the service industry, like a restaurant’s wait staff, aren’t paid the common minimum wage.  Many are paid little more than $2 per hour, with the expectation that their remaining income is made up in tips.  For the staff, that’s an incentive to provide better service in order to get better tips.

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Why Should Teenagers Care About How To Handle Money?

Learning how to take care of your money doesn’t sound like the most glamorous discussion topic ever.  Most people find personal finance boring and confusing and would prefer to stick their head in the sand and hopefully their money problems will go away.

Unfortunately, it doesn’t work like that.

There’s not a single person reading this that doesn’t need to know how to handle money.  From now on until the end of your life, you’re always going to interact with money.  It’s the core currency and method of exchange for goods and services within our society.

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Money Special For Young Adults – “Your Life, Your Money”

Scrubs star Donald Faison is hosting a money management special for young adults called, “Your Life, Your Money” on Wednesday, Sept. 9 at 9 p.m. on PBS. The special includes advice from experts and tells the stories of six real young adults who struggled with money.

In a video preview posted on YouTube, Faison says, “If you’re like me, dealing with money was not something you learned in school. I picked it up by trial and error, and I’m still learning.”

He says the show will talk about “basic info on banking, credit cards, taxing, and insurance.”

“Whether times are good or bad, we all need help managing our money, and it’s up to each of us to get it right,” Faison says in the video.

Hip-hop star and well-known entrepreneur Russell Simmons and singer D. Woods make guest appearances.

The hour-long documentary will be on sale starting September 15.

UPDATE: In case you missed the show, you can catch some of the clips here on the PBS website.

Guest Post by Callie Schweitzer

New BrokePiggy LIVE Program For Students!

I’m really excited to announce a new program to educate students about money and personal finance called BrokePiggy LIVE!  It is a relevant one-day program that partners with high schools and other youth events to teach students about personal finance in a way that makes sense to them!  One of the best parts…BrokePiggy LIVE is actually two programs in one!

  • A high-energy and entertaining 45-minute assembly/keynote
  • An interactive and more in-depth workshop (up to 3 hours) for a smaller group of your students.

You can download more information about the program here or visit our new page on the BrokePiggy.com website.  If you’re interested in bringing BrokePiggy LIVE to your school, conference, or other student event, click here or email us at info@brokepiggy.com
 

 

Teens & Money Survey From Seventeen Mag & Bank of America

Yesterday, I read a new survey that was released in Seventeen magazine regarding Teens & Money.

Yes, I subscribe.  Please don’t judge me.

Anyway, it was a survey of 2,000 teenagers across the U.S.  Here were some of the findings with my 2 cents…

  • 88% are stressed about money – That seems fairly high to me.  I wonder how much of it is attributed to their parents being stressed about money or the shock value of the news media?
  • 34% believe they’re in total control of their finances – I’d be interested to know what they define as being in “total control”.  I’m sure some students are and hopefully with resources like BrokePiggy.com, more students will feel this confident with their money.
  • 63% would rather have a career that makes a difference over one that makes a lot of money – I wonder how this would compare with their parents?  Most of our parents were taught to find a career for the money rather than passion but Gen Y is the opposite.
  • 40% think their parents should bail them out if they don’t have enough money or find themselves in debt – This needs to be 0%.  Stop expecting someone else to bail you out for your lack of responsibility.  If you want to be an independent adult, then don’t count on bailouts. 
  • 45% say their parents are worrying/fighting more about money lately – Studies consistently show that the #1 cause of divorce is money-related issues.  My guess is that continues to increase in this economy.  All the more reason to learn to handle your finances.
  • 38% have had to altar their college plans because of the economic downturn – Hopefully this economy has been an eye-opening experience for students so they may attend less expensive schools to save money and avoid school loans.

YOUR 2 CENTS – Any observations you have from these numbers?

Great Posts From Other Personal Finance Sites…

There are several personal finance/money websites and blogs that I follow and lots of good content out there.  Allow me to share a few great articles from other sites that you might be interested in…

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Do They Still Make $2 Bills?

Actually they do still print $2 bills…just not very many. 

The bill was used pretty frequently until 1966, but it lost popularity and a need for it, so it was discontinued.  Then they printed more in 1976 in honor of the 200 year anniversary of the United States ($2.00  = 200 pennies in case you missed that). 

Today, they still print them but only every few years.  They are a completely legitimate form of currency but because most people have never seen one, they assume they are counterfeit.  Because they print so few today, most of the ones floating around in the money supply are actually from the mass printing in 1976. 

They may be rare, but they are still only worth $2.  Sorry. 

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