The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 2)

Handling Financially Irresponsible People

One of the greatest challenges for people attempting to adopt or maintain a life of financial responsibility is the presence of financially irresponsible people in their lives. You have people who leverage social pressure to convince you to make bad spending choices or adopt bad financial habits. You have people who leverage their relationship with you in order to convince you to give them money. […]

Four Ways Holiday Shopping Can Crush Your Credit

The tradition of holiday overspending is as American as apple pie. Tradition or not, bad holiday spending habits can undoubtedly take a toll on your wallet, but that’s just the beginning. What you may not realize is that going overboard with your spending during the holidays can also damage your credit as well. […]

Questions About Retirement, Family Thanksgiving, Cookbooks, 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. Figuring out bills in collection 2. Finding a better budgeting system 3. Finding a better credit card 4. Car loan concerns 5. Roth IRAs and spouses 6. Starting an unusual side hustle 7. Saving too much? 8. […]

Why You’re Guaranteed to Lose Money in the Stock Market

Let’s say you loan me $10 dollars and a few months later I haven’t paid you back. So you ask me for your money, and I tell you that I only have $5 right now. But I also say that sometime in the future I’ll have the full $10 and I’ll probably even have more, so could you please just wait a little bit? You ask how long that will take and I say I don’t know. It could be months or it could be years. […]

Addicted to Spending? Here’s How to Become a ‘Recovering Spender’

Imagine waking up every day with an insatiable urge to shop. The second you get a chance, you check the racks and sales, desperate for the perfect gift, the perfect blouse, or anything to make your shopping trip worthwhile. As you leave the store with a bag full of stuff, you’re over the moon with familiar feelings of euphoria and accomplishment. […]

How to Ship Wine (Legally) Through the Mail

With the holidays fast approaching, many people aged 21 and older are getting ready to put down their kale smoothies and pick up the bottle of vino. That’s right — between Halloween, Thanksgiving, Christmas, and New Year’s Eve, drinking season is upon us. […]

How to Find High-Risk Car Insurance

Motorists who want to save money on their car insurance should do everything they can to avoid being labeled as high-risk drivers by insurance carriers. “If you want to keep your insurance affordable, try to keep your driving record as clean as possible,” says Nicole Farr, a spokeswoman for Arizona Insurance Institute. Things that can put you in the high-risk group include frequent accidents, traf […]

‘What Do You Want for the Holidays?’ for Frugally-Minded Folks

My extended family has always been very passionate about giving gifts. We enjoy hunting for and finding interesting gifts for each other. We often make gifts for each other, too, which can require a lot of lead time. However, sometimes, about this time of the year, we realize that we simply have no ideas as to what the other person might like as a gift. Often, we simply ask. […]

31 Days to Financial Independence (Day 9): Trimming Your Spending – Transportation

“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! Last time, we started looking at the average American family budget, going through each category and examining how one could trim the cost of typical expenses in that category. […]