The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar

How to Avoid Getting Cut by the Cutting Edge

Photo: Faris Algosaibi When I graduated from college in 2002, smartphones were just beginning to become popular. […]

How to Negotiate Salary

You’ve got a job offer: That’s great, but now what? According to conventional wisdom, salary negotiations should be numero uno on your agenda. You weren’t going to automatically accept the first figure they offered, were you? Unfortunately, that’s exactly what happens much of the time. […]

PANIC MODE! Why It’s Dangerous and How to Avoid It

In 2006, I realized that I couldn’t pay my bills any more. I did the math and I realized that we just didn’t have the cash to go around. Sure, I did the smart thing and started reading and planning, but I also panicked a bit. I dove into cleaning out my closet and selling things off. I threw several credit cards into a lock box. I cancelled a bunch of subscriptions. […]

Questions About Student Loans, Social Isolation, Free Software, Old Cars and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Facing huge student loan burden 2. Selling my house 3. Pantry organization 4. Dealing with frugal social isolation 5. Free software for memorization 6. Bulk buy it for life 7. Keeping an old car 8. “The One Thing” 9. […]

Six Money Messes to Clean Up Before Your 30s

 Many of us have a bit of a ‘Superman complex’ in our 20s, which makes it all too easy to ignore major money issues. […]

The Advantages and Disadvantages of Owning a Rental Property

Photo: turkeychik When I was a little kid, a cousin of mine owned several rental properties in the small town near my home. This was basically his livelihood, as he spent his time taking care of the properties as needed, collecting rent, and so on. […]

How Bank ‘Buffers’ Can Make or Break Your Mortgage Application

Photo: Christian Schnettelker By Peter Miller If you’ve got your mortgage application figured down to the penny, you may want to haul out the old calculator one more time. Lenders may not be playing with the same set of rules potential borrowers hear so much about. […]

A Romantic Reality

Donald Liebenson wrote an interesting article at Business Insider entitled “Most people aging out of the workforce consider retirement ‘a romantic fantasy of the past.’” Retirement. “A romantic fantasy of the past.” The article focuses on an Allianz Life study of 1,000 Baby Boomers (people aged 49 to 67) and 1,000 Generation Xers (ages 35-48). […]

Roth vs. Traditional IRA: Retirement Showdown

IRAs, or individual retirement accounts, allow you to sock money away for retirement in a way that offers certain tax advantages over other savings methods. […]

How to Maximize the Value of Abundant Fresh Foods: Lessons from a Gardener and CSA Member

If you find yourself flooded in fresh produce this time of year, here are some strategies to make the most of it. Photo: Amy G One of the pleasures of the summer season is the abundance of fresh foods available. […]