Beating Broke

Personal Finance from the Broke Perspective

  • Home
  • About
  • We Recommend
  • Contact
  • Privacy Policy

Powered by Genesis

Win the Lottery? Stay Anonymous, or No?

April 13, 2012 By Shane Ede 9 Comments

With the big lottery drawing over, and the winners slowly being announced, there’s some talk about some of the winners remaining anonymous.  Apparently, it’s only an option in certain states, so some have no choice.  But, if you won a major lottery, would you remain anonymous if you had the option?

Lottery Winners Barbara and Michael Ayres © by Montage Communications

In some ways, at least locally, I would think it would be nearly impossible to truly remain anonymous.  There are certain services, like financial planners, investment advisers, and even bank tellers that you’d need the use of.  And, despite the fact that most of them have some ethical requirement to keep your information confidential, it seems like word always leaks out in some way.  Eventually, anyways.  On a more national and global level, it might be a bit easier to maintain your anonymity.

I think I’d like to attempt to remain anonymous should I win a lottery.  Publicly announcing it is sure to bring an onslaught of people, businesses, and organizations to your door (figuratively and literally) looking for funds.  There’s even a chance, albeit small, that you could end up with threats of injury should you say no to a handout.  Obviously, friends and family are going to find out, and some will likely ask for money, but I’d rather deal with just a few people asking rather than half the country.

Of course, making the announcement that you’ve hit it big has it’s upsides too.  You’d be an instant celebrity of sorts.  Depending on the size of the winnings, locally for sure.  If you’d have won the Mega Millions lottery and not had to share it, you’d have likely made it onto several lists of the richest people.  Done properly, the money could be used for lots of good, and that usually draws publicity too.

What would you do?  Anonymous or not?

Filed Under: Financial Miscellaneous, ShareMe Tagged With: lottery, lottery winner, mega millions

Fast Food: Get What You Pay For?

April 9, 2012 By Shane Ede 11 Comments

McDonalds Holmesglen - Nikon D60 No-Flash © by avlxyz

My family went through the drive through of a local McDonalds recently.  (Ok, it was last night)  We were buying food for ourselves and a couple of friends who had recently gotten home after a couple of weeks away.  They, for obvious reasons, wanted to just relax, and not have to cook, but were too happy to be home to go out.  So, since we were already visiting, we offered to go and get some food.  Subway was the first choice, but, it turns out, they were closed for Easter Sunday.  So, McDonalds it was.

We went through the drive through, ordered our food ($40), and then waited while they made up the food.  They were waiting on an fryer of chicken nuggets to finish up, so we even got to go to the special parking space that they have for cases like ours.  A few minutes later, out comes one of the McD’s workers, with our bag, and happy meals.  Awesome.  We’re on our way.

All the way across town, we start opening bags, and divvying up the food.  Cue disaster.  You might think disaster is too strong of a word.  But, if you have children who have their expectations set, and then those expectations are crushed, you know it is the right word.  Funnily, the kids’ meals were the items that were the closest to right.  We ordered four adult value meals.  Two of them were identical except for one minor adjustment of having no onions.  Using the convenient labels that they stick on the burger boxes, we gave those out, only to find that the labels were wrong.  The burgers were right, they just had the labels crossed.  The one order of chicken nuggets that we ordered (and waited for) had no sauces (or so we thought).  Then, the kids opened their meals.  Instead of caramel sauce for their apple dippers, they had honey mustard sauce.  Well, that’s where the sauce went for the chicken nuggets!  The biggest part that they messed up?  There were no fries!  None!   And no straws, either.  What a complete disaster of a trip.

Of course, having spent $40 on food, and only getting half the order right, I was a bit upset.  But, then I got to thinking, did I get what I paid for?  Well, in a more philosophical sense, not in a precise sense.  Set aside the healthy-ness concerns of fast food.  When it’s all said and done, should we expect that our orders won’t be right, the food won’t look like it does on the menu, and that we are just a dollar bill passing through to be collected and sent on our way?  Just how much should we expect from our fast food exchanges?

Filed Under: Financial Miscellaneous Tagged With: fast food, mcdonalds

Money is a Finite Resource

April 6, 2012 By Shane Ede 8 Comments

Perhaps you’ve heard the saying “You can always make more money”, or the one that goes something like “They’re always printing more”. Perhaps you’ve bought into the guru’s advice that if you work extra hard, and save every penny, you can make way more money than you’ve ever dreamed of. If so, there’s a small problem.

Money is a finite resource.

Oklahoma Sunset, Oil Well 2 © by Clinton Steeds

Just like oil, coal, water and a bunch of other natural resources that we recycle and reuse regularly to conserve, money must be conserved.  Because, just like those natural resources, it has a finite limit.  And, until you start treating it that way, it will always have the best of you.

I think the key is in the conservation of money.  Yes, we need money to pay our bills, buy supplies that we need, and even to splurge once in a while.  But, we have to learn to conserve what we have.  Just like a natural resource, we have to learn to use our monetary resources wisely, and in a way that will not deplete the reserves that we have.  Because, at the end of the day, if we deplete our reserves, there might not be any more money to earn.

Many of us take for granted that there will be enough clean water to drink for many lifetimes.  But, if we don’t learn to conserve our water, and keep it clean by using it wisely, there might be a day, in our lifetimes, where there are severe water shortages.  In some parts of the world, that already happens.  If we aren’t careful with our usage of money, we might find ourselves in a situation where more money cannot be earned.  We might lose our jobs, have a health emergency, or just outspend our income, and our ability to earn more money will be outstripped.

My point is that if we continually treat money as an infinite resource that we can always earn more of, we aren’t being careful stewards of that resource.  Yes, you should try and earn more, but you also should stay vigilant in how you’re spending your money so that your lifestyle doesn’t expand to meet that new earning capability.

How do you treat your money?  As an infinite or finite resource?

Filed Under: budget, Financial Miscellaneous, Financial Truths, Frugality, Saving, ShareMe Tagged With: money, money finite, money finite resource, money resource

  • « Previous Page
  • 1
  • …
  • 221
  • 222
  • 223
  • 224
  • 225
  • …
  • 304
  • Next Page »
  • Facebook
  • Pinterest
  • RSS
  • Twitter

Improve Your Credit Score

Money Blogs

  • Celebrating Financial Freedom
  • Christian PF
  • Dual Income No Kids
  • Financial Panther
  • Gajizmo.com
  • Lazy Man and Money
  • Make Money Your Way
  • Money Talks News
  • My Personal Finance Journey
  • Personal Profitability
  • PF Blogs
  • Reach Financial Independence
  • So Over Debt
  • The Savvy Scot
  • Yes, I am Cheap

Categories

Disclaimer

Please note that Beating Broke has financial relationships with some of the merchants mentioned here. Beating Broke may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

Visit Our Advertisers

Need to change careers? Consider an Accounting Certificate Program from WTI.