The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 2)

Should You Invest Your Short-Term Savings?

A lot of people hate the idea of keeping money in a savings account. They feel like it’s just sitting there, earning next to nothing, and that they’re missing out on getting better returns elsewhere. Have you ever felt like that? It’s a feeling that makes a lot of sense. After all, there really IS no reason to settle for worse returns when you could be doing better elsewhere. […]

Four Strategies to Stay Sane While Battling a Student Loan

The most surprising part about paying off my student loan has been the mental anguish it causes. I get sad thinking about how much money I owe — like, actually sad. If I ever find myself staring at a wall with a blank look on my face and my mouth slightly agape, zoning out, it’s usually because I’m thinking about the burden of my loan. What if I lose my job? […]

Achieving Financial Success Without Extreme Frugality or a Huge Income

It’s not too hard to find stories in the media about seemingly ordinary people finding great financial success. You hear about what seems like an ordinary guy or gal who worked in what seemed like an ordinary career path and somehow they’ve got a million dollars in the bank. […]

Can a CD Loan Help You Build Credit or Tap Emergency Cash?

Here’s an approach to establishing, building, or repairing credit that few people are likely aware of: a CD loan. More specifically, the process usually involves opening a secured credit card with a bank or credit union, which is backed by your certificate of deposit (CD). […]

Flexible Holiday Gift Ideas for a Frugal Person

Around this time of the year, I get messages and emails from folks who are struggling to figure out gifts for the frugal person in their life. What do they get for the person who is very careful with their money and doesn’t seem to want anything? It can be a real challenge. […]

Hatchimals, ‘Unicorns,’ and Other Scarcity Marketing Tactics to Avoid

Just last week, I had a conversation about leggings that blew my mind. After receiving an invite to an online LuLaRoe party, I asked the host how the whole thing worked. She said I just needed to join the Facebook group and then bid on the leggings I wanted. Simple enough, right? […]

31 Days to Financial Independence (Day 15): Trimming Your Spending – Apparel and Services

“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 continued 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. […]

Finding Something New on the Long Financial Journey

Here’s the truth: when you set a big financial goal for yourself, most of the new discoveries and new behaviors occur at the start of the journey. You bury yourself in knowledge, learn quite a bit, figure out a plan that works well for you, put that plan in place, automate it as much as you can (by having money taken out of your check and so on)… and then you wait. And wait. […]

Financial Success and Ethical Consumption

Donna writes in with a great question: Hi Trent! I am really struggling with balancing ethical consumption with my dreams of financial success. Quite often, getting the most “bang for the buck” for a product involves buying from a company that cuts a lot of ethical corners in terms of their products. […]