December 21, 2011, 6:50 am

I’m Giving You $500! It Pays to be Bad!

by: The Financial Blogger    Category: Miscellaneous
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Hey People!


Haven’t you notice that most people become generous all of a sudden at Xmas time?


Maybe it’s because we feel fortunate and we know that some people are not.


And maybe we are simply brainwashed by the media who show a bunch of little orphans with nothing to eat on Xmas eve!


Well, regardless of the case, I’m giving $500 CASH for Xmas!


All right, I lied.


Yeah, yeah, I’m giving the $500 and the blog is hosting the giveaway but the money is not coming from me. It’s coming from my buddies at Life Insurance Finder, the easiest place to compare life insurance. They contacted me to host a giveaway where all you need to do is confess your financial sin for 2011 and you could win $500 in cash to repent in 2012! No catch, just cash ;-D


If you have followed this blog during the year, you know that I am pretty good at making money but I’m also a big sinner when it comes to pay down my debts! I think it’s obvious that I’ve been pretty bad at managing my budget this year and I count solely on my ability to increase my income instead of sitting down with a piece of paper and starting some calculations!


Now it’s your turn to tell me where you have been bad in 2011… and you can get paid to do it!


Here are the contest rules:


(1 entry): Confess your financial sins for 2011! Leave them in the comments below


(1 entry): TWEET about our Financial Redemption giveaway!  Just copy & send the following:
“I just entered to win $500 with @lifeinsurancef and @FinancialBlogr! Enter here:


(5 entries): Subscribe to my TFB newsletter: You’ll get exclusive info on how I run my online business and make money online:


(5 entries): follow @lifeinsurancef on Twitter


(10 entries): BLOG about this Giveaway!  Post up YOUR Financial Confessions List of 2011 on your site  – either in text, or in pictures  and then make sure to mention you’re trying to win “the $500 Financial Blogger competition, sponsored by Life Insurance Finder – the easiest place to compare life insurance” somewhere with both links & text fully included, then include the URL in the comments below.




EDIT: Contest runs until January 14th!

NOTE: the winner must have a paypal account (which is free anyway!)


By the way, I’m not getting anything from it… beside looking cool by sending money to my readers ;-D

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Not sticking to our budget better. Too much impulse purchasing. We are back on track for 2012, though! Buying our first house this year has put things into perspective!

Sin: I am bad at the making money part! I have been looking for a job in design for 2 years now. No luck!

I’m a SAHM and my husband works very hard to keep it that way. I’m on a monthly budget, and I’m usually really good about staying within my limits. But the last couple of months, with a couple unexpected dentist bills and one little broken arm, I’m totally over budget. But I didn’t tell him! Yikes! I let my cc roll over a month, paying only what I could, and now I’ve got enough left in my budget for this month to make up for it, and pay it off. Everything will be paid up within my budget, so he doesn’t have to know I totally blew it! LOL

coriwestphal at msn dot com

by: Melanie Dauterive | January 14th, 2012 (1:04 pm)

I maxed out a credit card.

by: Karla Sceviour | January 14th, 2012 (1:30 pm)

My financial sins for 2011: Not paying off my balance on my credit cards,and not getting my bills paid by the due date!! 🙁
ksceviour at hotmail dot com

by: Tricia Andrews | January 14th, 2012 (2:33 pm)

I was not good about putting money into savings in 2011!

by: Mechele Johnson | January 14th, 2012 (2:34 pm)

We quit paying 2 credit cards this year! Quit, just like that! We had no choice. It was that or not pay the mortgage.

I bought a $23,000 car and ran up every one of my credit cards in a week.

by: lilshuga2001 | January 14th, 2012 (2:50 pm)


I overdrafted my bank account by a couple hundred

I haven’t been sticking to our budget. I only look at the numbers after the credit card bill arrives

blowing my taxreturn on fun stuff rather then paying of stuff, ill be better this year :0)

by: Kendra Gillilan | January 14th, 2012 (4:29 pm)

we are getting out of debt and it has taken YEARS, I would tell people to NOT charge, use cash!!!! use a budget

by: Tiffany Hoyt | January 14th, 2012 (4:36 pm)

We ate out too much.

by: Jennifer C | January 14th, 2012 (4:59 pm)

My savings is non-existent and I did use the credit card to buy a few smaller gifts before hubby got his bonus.

by: krissy daniels | January 14th, 2012 (5:48 pm)

i keep playing the lottery! oh noes!

I kept too much money in my savings instead of paying down debt and funding my ira

My financial sin was that I bought a lot of things that were on sale or clearance, and I did not even need them. What a waste of money!

Not enough in my savings account.

I don’t pay enough attention to my investments

by: Coriander Warren | January 14th, 2012 (7:00 pm)

My bad thing all year long has been to spend my whole paycheck the day that get it…which means I’m literally broke for 6 out of 7 days…..I really need to be more money concious!

by: Jessica R. | January 14th, 2012 (7:07 pm)

Counting my chickens before they hatch, and banking on funds or sales that don’t come through…YIKES!

by: mary gardner | January 14th, 2012 (7:19 pm)

i spent way too much (putting a good amount of it on a credit card) on eating out and buying Christmas gifts for my kids and family.

by: Michael Piasecki | January 14th, 2012 (7:36 pm)

I carry far too much credit card debt and don’t max out my 401k.

I didn’t keep a constant budget in 2011.


Not investing at all..
I really can’t think of anything since i’m very strict about where money goes and don’t splurge.

Not sticking to a budget

My sin is not sticking to my budget and going out to eat a lot! its so expensive when i could just cook at home.

I withdrew a lot of money thinking I’d put replace it, but I never did.

by: shirley pebbles | January 14th, 2012 (11:07 pm)

My financial sins is basically spending all our money and not having a savings account and racking up credit card debt.

The only time I’m really bad with money is when I splurge on a “bingo” day for myself once a week.

by: Deborah Wallin | January 14th, 2012 (11:16 pm)

I spent too much money on eating out this past year, when I could have cooked food at home for less.

I bought my car from a friend (…) even when he doubled the initial price. It was complete junk and just broke down so I really regret that!

Mine would be due to a reduction in income & past unemployment having to resort to TOO much of ‘robbing Peter to pay Paul’.

Thanks for the giveaway…my financial sin for 2011 was not completely paying off my last outstanding credit card balance like I promised myself I would…sigh.

senorpiero [at] yahoo [dot] com

we almost never bought grceries and ate out 75% of the time.

by: Barbara Hunt | January 14th, 2012 (11:39 pm)

Thanks for the great contest!

I indulged a little (or a lot) on my wedding in August 2011. A girl’s gotta have her special day, right?

My sin was accumulating a mountain of student debt that I’m not sure I’ll ever be able to pay off 🙁