What is the Average Household Credit Card Debt?

When it comes to credit card debt, especially with the passing of the CARD Act, there have been a lot of statistics flying around. I wanted to find a authoritative source, in this case the Federal Reserve, and see what the real numbers are. One of the tricky things about averages is that it’s hard to make an apples to apples comparison. […]

Another Case from the Clueless Files

Why are all these people from Pittsburgh? Sheesh, it gives one of my favorite places a bad name. Anyway, here's a story about a couple that's been "hounded by debt collectors". […]

New Graduates Facing Unemployment May Never Reach Income Potential

The unemployment rate for young workers between the ages of 16 and 23 is 18%, and that is an increase of five points from a year ago. That age group includes high school drop-outs as well as college graduates, and for these people the future looks bleak. Adults are taking the minimum-wage jobs teenagers might be offered in other economic situations. […]

YNAB Coupon Promotion Code

This morning I published a You Need A Budget (YNAB) review explaining the YNAB methodology as well as a look inside the tool. If you’re thinking about buying it, I recommend that you download it and do the 7-day trial first. […]

Best of Money Carnival Up and Running

Just a note to let you know that the latest Best of Money Carnival is now up. Congrats to all participants and especially the winning post, Quit Worrying About 80% of Your Life. If you're a blogger and would like to be a future host, email me and let me know which date you'd like. […]

Best Deals For Monday 10/19/09

By Paul Michael Today's WISEBUY. Halloween Decorations Under $10 - Going Fast! Walmart offers several Halloween decorations at lowest-we've-seen prices. Add 97 cents for shipping per item, or opt for free Site-to-Store.   FREE - Two Luggage Tags From KLM (Design Your Own) Design your own unique luggage tags, either with your own photo or one of their stock images. […]

Reader Mailbag #85

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. I especially like the fact that your website has minimal ads. […]

Retirement Withdrawal Strategies

This is a guest post from Mike Piper, author of Investing Made Simple and proprietor of The Oblivious Investor. If you like what you see here, please consider subscribing to his RSS feed. The Roth IRA vs. Traditional IRA question gets a lot of press, and that makes sense. […]

Carving a Pumpkin This Fall? Don't Throw Any of It Away!

By Jeff Yeager "Jeff, can't we at least celebrate the holiday before you eat the decorations?" I've heard that more than once from my long-suffering wife during our 26-year marriage. You see, cheapskates like to celebrate Halloween and other holidays just like everyone else. […]

Pay Yourself First

This article is the fourth of a thirteen-part series that explores the core tenets of Get Rich Slowly. It’s also a part of National Save for Retirement Week. One of the oldest rules of personal finance is the simple admonition to pay yourself first. All the money books tell you to do it. All the personal finance blogs say it, too. Even your parents have given you the same advice. But it’s hard. […]

ING Direct Offers “Added Value” Certificate of Deposit

In an effort to attract more new deposits, ING Direct is offering a new savings product with a high interest rate, the “Added Value” certificate of deposit (CD). If you are willing to deposit new money to ING Direct and let the bank hold that money for one year without any withdrawals, ING Direct will pay you a rate of 2.25% APY (as of October 18, 2009). […]

You Need A Budget (YNAB) Pro Review

For years, my budget consisted of an Excel spreadsheet that documented every purchase I made every single day of the year. As a numbers guy, this wealth of data was amazing and helped me tweak my spending, find my financial leaks, and reach financial goals much sooner than I would have without budgeting. […]

How to Become Wealthier

Here are some thoughts on how to become wealthier from the book Make Money, Not Excuses: Wake Up, Take Charge, and Overcome Your Financial Fears Forever: If you want to get rich, if you want to be wealthier than you are today, you really need to do only four things: You need to make a decent living. You need to spend less than you make. You need to invest the money you don't spend […]

Personal Budgeting Made Easy With the 60% Solution

This is a guest post by our contributing writer, BEM. I’ve never made a budget, which is probably why I have struggled financially over the years. Well, truth be told, I tried it once, to no avail. I was riding in a car with a friend, who stopped to get gas and who then immediately jotted something in a little notebook. […]

Weekly Roundup – National Save for Retirement Week Edition

Guess what? Today marks the beginning of National Save for Retirement Week. Did you know that over half of all workers in the United States have less than $25,000 in total savings and investments? While these stats include a lot of younger workers, we can do much, much better when it comes to preparing for the future. […]

TradeKing $50 Bonus for New Accounts – Through October 31st

Have you been looking for a discount online broker? Look no further than TradeKing. I’ve written about them in the past because they offer some of the lowest commissions in the industry and back it with fantastic customer service and trading interface. The rules are pretty simple. You just have to create a new account, fund it with $2,500 or more, and then place a trade. […]

Munny Journey: A Journal for Your Child’s Financial Development

I have some financial blind spots. For one thing, Kris and I do not have children. It’s difficult for me to write about the concerns of parents. So when the publisher sent me a copy of Munny Journey, “a keepsake journal for baby’s first money”, I recruited a new mother to help me evaluate the book. Here are Chrystal’s thoughts about this unique publication. […]

Review: The Simple Living Guide

Every other Sunday, The Simple Dollar reviews a personal development, personal productivity, career, or entrepreneurship book. Since starting The Simple Dollar, I’ve gradually developed the belief that the reason many people get into financial trouble is that their lives become overwhelmingly complicated. […]

Podcast 26: Mark Frauenfelder, Creator of Boing Boing

Tom Dziubek and Flexo speak with Mark Frauenfelder, the creator of Boing Boing and the editor-in-chief of the MAKE magazine. […]

Dunhill Vacations Travel Deals Newsletter

As you might remember from a few days ago, my money vice is vacations. So I’m always on the lookout for things that will make our travel cheaper, which included signing up for the Travelzoo Top 20 deals email newsletter. I’ve been getting the weekly emails, plus some unscheduled last-minute offers or promotions, for the last few months and the deals have been pretty astounding. […]