Life After Debt: What It’s Like in the Third Stage of Personal Finance

I paid off the last of my debt in 2007, quit my day job in 2008, and have been working to build wealth ever since. As I wrote early last year, I’m in the Third Stage of personal finance: I’ve paid off my debt, built a cash cushion in savings, and am maxing out my retirement accounts. And after doing all of these things, I have money left over to spend on comic books and travel. […]

Get Out of Debt Success

If you’ve tried several times to get out of debt and can’t seem to manage it, this is the article you’ve been waiting for. […]

Where You Buy Something Makes a Big Difference in Cost

While I was on vacation in July (plus a couple side events) I had several experiences that reminded me again that where you buy something makes a big difference in how much it costs. […]

6 Back to School Essentials for High Schoolers

They can study, hold an after-school job, and keep a group of friends, but they still may need a little help from their parents in finding (and paying for) the best gear for back-to-school. Forget those boring backpacks and same ol’ supplies -- We’ve got an eye for the newest and best tech on the market for teenagers, and our recent guide a […]

Citi Dividend Platinum Select MasterCard Review: Get $100 Cash Back

For a lot of people, a new credit card needs to have an attractive introductory offer and a cash back program that isn’t a hassle to use. One such credit card to consider is the Citi Dividend Platinum Select MasterCard. Note of course, that for the long term, it’s best to look at the long [...]Citi Dividend Platinum Select MasterCard Review: Get $100 Cash Back […]

A Guide to Using Dry Beans for Cooking

In my opinion, the single best bargain in a grocery store is the one pound bag of dried beans. The amount of nutrition and protein that can be had from a pound of dried beans is amazing, plus the flavor of the beans far surpasses the flavor of canned beans. […]

Help a Reader: Buying Small Numbers of Shares

Here's an email I recently received from a reader: I am working with my daughter (almost 7) to understand basic money concepts such as saving, planned spending, donating, and investing.  We have some good plans in place for the rest of it, but investing is harder.  She has a portion of her total allowance that gets set aside for investing, and I match it.  As she accumulates funds, I am plann […]

The Best Credit Cards for College Students, September 2010

Over the last 18 months, there has a been significant new reform in the banking industry, in terms of attracting and maintaining credit card customers. Student credit cards have seen many of the changes. Gone are the days of marketing on college campuses for free t-shirts, and if you’re under 21 without a reliable source of income, you’ll need your parents permission to obtain a credit card. […]

Reordering Overdrafts to Cost Wells Fargo $203 Million

Remember a few years ago when banks started “reordering” debits from your checking account? They repeatedly said it was for your own good, putting the largest debits first and then dinging you an overdraft fee for every overdraft? Their explanation seemed reasonable. […]

Saving: The Most Fundamental Element of Wealth

The following is a guest post from Marotta Wealth Management. Everything in wealth management begins with savings. All wealth comes from producing more than you consume. Unfortunately, most Americans are better at consuming than producing. Have you ever met people who always have enough money to do what they want? Their peace of mind and confidence is no accident. Nor is it luck. […]

5 Ways Social Media Can Cost You Money

Social Media is Fun, But if You’re Not Careful it Can Cost You Everybody seems to be jumping on the social media bandwagon these days and in just a few short years sites like Facebook and Twitter have hundreds of millions of users. […]

Saving: The Most Fundamental Element of Wealth

The following is a guest post from Marotta Wealth Management.  Everything in wealth management begins with savings. All wealth comes from producing more than you consume. Unfortunately, most Americans are better at consuming than producing. Have you ever met people who always have enough money to do what they want? Their peace of mind and confidence is no accident. Nor is it luck. […]

The Simple Dollar Weekly Roundup: Audiobook Edition

Quite a few people have requested an audio version of my recent book, The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams. You’re in luck. The audio book is now available for download via Amazon or you can sign up for an Audible.com membership and get it at a discounted rate. Alternately, if you’re already an Audible member, you can download it there. […]

The Audacity to Waste Money for Better Finances

I always thought it would be great if a screen door would work with the double french doors in my kitchen. That way, air could come in without the bugs having access to my house. Recently, I saw a retractable screen door at a friend's house. […]

Best Retirement Plan for Small Business Owners?

This is a guest post from Dan Wesley, who is the CEO of CreditLoan.com. If you like what you see here, please consider subscribing to their RSS feed. Salaried employees generally have an employer-sponsored 401(k) retirement account administered by the company’s HR department. Failing that, many use Individual Retirement Accounts (IRAs) from local banks, credit unions, or brokerages. […]

Student Loan Debt Surpasses Credit Card Debt

According to the latest statistics from the Federal Reserve and the publisher of FinAid.org, the total amount of money Americans have borrowed on government and private student loans at $830 billion has surpassed the total American consumer balance on credit cards, only $827 billion.As the Wall Street Journal mentions when sharing this information, this is partly due to a decrease in credit card d […]

5 Money Lessons From the Third World

There is a fear that pervades North American culture. It is a fear that people might think that you have less than others. So much of what drives people relates to their desire to maintain a certain appearance — a facade. We seek to present a false reality. […]

How to Deal with Losing Your Wallet While Traveling

After our inaugural Financial Contingency Plan series post, How to Recover From a Lost Wallet, a lot of you suggested I write an addendum to the post to cover the case where you lose your wallet while traveling. Whenever you’re traveling, one of the biggest headaches you can run into, besides an airline losing your luggage, is losing your wallet or having it stolen. […]

How to Build Confidence and Overcome Fear

“How to Build Confidence and Overcome Fear” is a rare GRS re-run; it originally appeared on 17 February 2009. I’m dealing with a family crisis, and haven’t had time to write. Things should be back to normal tomorrow. Fear is the path to the dark side. Fear leads to anger, anger leads to hate, hate leads to suffering. — Yoda Last week I did something that scared the hell out of me. […]