The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar

How to Build Business Credit

Nearly all of us have heard of someone financing a small business on personal credit cards just to keep the doors open until they become profitable. It’s a scenario that’s frowned upon by financial advisors and credit professionals alike, but it’s one that happens all the time regardless. The U.S. […]

Best Bank of America Credit Cards

Bank of America® offers 21 unique credit cards, and each one is tailored to a different type of consumer — the frequent flyer, the frequent grocery shopper, even the person who just wants to pay a little more than the minimum payment every month. […]

How Small Businesses Can Save On Credit Card Processing Fees

When it comes to accepting credit cards as payment, small businesses are “damned if they do, and damned if they don’t” – as in, they stand to lose income no matter which decision they make. Since approximately 35% of people preferred credit to any other type of payment in 2014, small businesses could miss out on sales if they refuse to accept credit cards altogether. […]

31 Days to Financial Independence (Day 2): Finding Direction in the Deep End and Cleaning Up the Shallows

“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! In the first part of this series, we took a long look at the things that shape our lives – the things we spend our money, time, and energy on – and figured out which ones were most important to us. […]

Your Vision for Retirement – and How to Save for It

Retirement means different things to different people. To my parents, it largely means a simple day-to-day life. It means plenty of time to engage in their hobbies and interests at home. It doesn’t include any major changes in lifestyle after retirement, just a lot of additional free time. […]

Financial Mistakes You Must Avoid in Your 20s? Why You Need to Be Careful with Online Financial Advice

In the last few days, several readers have shared a video with me that’s been floating around on Facebook. The video is titled Financial Mistakes You Must Avoid in Your 20s and it features “entrepreneur and author” Grant Cardone discussing a bunch of what he considers to be financial mistakes that people make early in life. I watched the video, hoping for the best. […]

Questions About Roth IRAs, Savings Bonds, Mattresses, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Old savings bonds 2. Attacking spousal debt 3. Wedding cost cutting strategies 4. “Backdoor” Roth IRA? 5. Mattress buying advice 6. Are we ahead or behind? 7. Stocks at all time high 8. […]