The Simple Dollar Weekly Roundup: Pure Imagination Edition

One of the fun things about being a parent is introducing your child to some of the things that built your own fondest memories of a child. Sometimes they react with indifference. […]

Examine Your Attitudes Toward Money and Uncover Problems

Unhealthy Attitudes Can Lead to Financial Ruin How you value, spend, save, and invest money has more to do about who you are a person than you may realize. You don’t just develop good and bad money habits by chance. Instead, they are usually a result of an underlying personality trait or develop over the course of your lifetime due to your experiences and circumstances. […]

How to Afford Payments on Your Adjustable Rate Mortgage

So you’ve managed to keep your house, your job, and even your credit report clean during the economic meltdown. But, the storm’s not over just yet. The second wave of foreclosures and economic instability is gearing up to wreak havoc. And what’s worse, you’ve just realized that you are in the middle. […]

Job-Search Scams that Target High Performers

Scams aren’t just for the unsophisticated. Even a reasonable job-seeker with an ounce of urgency might be convinced by polished, persistent schemers who are pros at overselling the value of job-search services. To be semantically precise, these setups are more scheme-like than pure scams. […]

Take Advantage of Lifestyle Deflation

Lifestyle inflation refers to the incessant upward creep in your spending as your income gradually increases. […]

How to Find Your First Apartment

Why am I writing a post about how to find an apartment? It seems so easy right? Look around in the areas you like, pick a place, sign a lease, and you’re done. […]

SmartyPig Raises Interest Rate Today

In March, I opened a savings goal with SmartyPig (review here), and I’ve been sending $172.20 from my ING Direct account every two weeks since then. My savings goal is to expand my collection of photography equipment to include a full-frame digital camera. […]

Six Steps to Strengthen Your Family on the Journey to Financial Freedom

J.D. is on vacation in Alaska. This is a guest post from Dustin Riechmann. Dustin created Engaged Marriage to help others achieve the extraordinary in marriage and in life. […]

Five Savings Tips for Soon-to-Be Retirees

Smart Money lists five savings tips for soon-to-be retirees -- which I'll cover in a minute -- starting with the following facts about what Americans actually have saved up for retirement: About 65% of people age 55 and older have less than $100,000 in retirement savings; just 37% have saved less than $25,000, while around one-third have less than $10,000, according to Employee Benefit Research […]

Efficient Market Hypothesis: So Are Markets Efficient?

Modern Portfolio Theory (MPT), which is widely used by the financial industry, can serve investors very well. But, as many investors know, MPT has been criticized more vigorously in recent years. MPT is the model for proper asset allocation and portfolio diversification. […]

A Rich Guy Tells How to Become Rich

When you want to get rich (or at least become well-off financially), doesn't it make sense to listen to someone who's there now? I think so. So it's probably worth at least a bit of time to stop and listen what billionaire Mark Cuban has to say about how to get rich, isn't it? Yep, I think so. Now he admits that there are many paths to wealth and he offers one. […]

The Realities of Dropping Cable

Over the years, I’ve made a strong case for abandoning television watching as a good move for financial and career success. Not only does television offer up a lot of advertisements glorifying unnecessary material stuff and rampant consumerism, but many programs glorify it through product placement within the programs. […]

How Does Your FICO Credit Score Work

If you thought that graduating meant the end of people grading and assigning you a number, think again. In the real world, it’s not your GPA that matters, but your FICO score. It’s a three digit number that is supposed to give creditors an idea of how credit worthy you are. Technically, it’s a measure of how likely you are to default on your debts. […]

How to Choose the Right Health Insurance Plan

I bet your head is swimming right now with all the new acronyms you’ve been seeing after the first few days on the job. But as the old adage goes, these are good problems to have, especially in the current economy. One of the biggest decisions you’ll have to make in the first few weeks of starting work is what your health benefits are. […]

Ask the Readers: To Garage Sale or Not? (Chance to win $20)

It's that time of year again! Garage sales (or yard sales) are booming, giving families and chance to clear out their clutter, earn some extra cash, and provide some low-cost goods to the rest of the community. But is this tradition dangerous for some? Do those yard sale junkies actually end up bringing home "junk" that they don't need? […]

Why I Invest Like I Do

My post titled Help a Reader: What to Do with a Windfall had an interesting discussion in the comments that reinforced some reasons why I prefer to invest with index funds and not pick individual investments (stocks, bonds, etc.) myself. […]

18 Year Old Buys Investment Property With Hog Money

Lindsay Binegar, now nineteen years old, has been raising hogs on her family farm in Highland County, Ohio, since she was at least four years old. That was the age at which she showed her first hog and earned $100. […]

Adverse Action Free Credit Score Amendment

If you are denied something because of your credit history (known as an adverse action), whether it’s a credit card, line of credit, or a job (or anything else), you will receive a letter that explains why you were denied. You will also be able to get a copy of the credit report used to reach that decision along with the applicable FICO risk factor reasons. […]

A Recipe for Youth Financial Literacy

ShareThisImagine someone handed you a chef's hat and apron and dropped you into a trendy restaurant, directing you to "fuse elements of French and Thai cuisine." Problem is, you've only watched cooking shows and, at best, you've sliced the occasional carrot to help your dad with a stew. This is essentially the state of financial literacy to […]

Privacy, Honesty, Marriage, and Debt

Archie writes in: In our marriage, my wife and I have agreed not to open financial statements addressed to each other. We supposedly did this so that we would be able to hide things like gift purchases from each other. […]