The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 3)

Revolving Debt vs. Installment Loans: Why the Type of Account Matters to Your Credit Score

When it comes to how your credit scores are calculated, there are many factors at play. Credit scoring models consider how well (or how poorly) you pay your bills. […]

Questions About Travel Rewards, Water Bottles, Credit Card Balances, 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. Earning more interest? 2. Carrying a credit card balance 3. Disabled and taking next steps 4. Travel rewards 5. US citizen investing outside US 6. Water bottle when flying 7. Purchase-generating media 8. […]

The Disney Hangover: Are Brand-Name Vacations Worth the Price?

If you ask nearly any American kid about their trip of a lifetime, almost all will mention Walt Disney World or Disney Land. Obviously, my kids are no different. […]

Eight Numbers That Show How American Families Struggle with Money

When it comes to managing our money, Americans have plenty of room for improvement. Sure, we’re the richest country in the world… but most of us still struggle financially to some extent. Either we’re mired with debt, can’t seem to improve our incomes, or have trouble budgeting for the things we really want in life. […]

How to Get a Ton of Extra Value Out of Earning a College Degree

When I first attended college some number of years ago, I really didn’t take the experience as seriously as I could. I kept my grades high enough to maintain scholarships and loans, but I often glossed over my classes and completely skipped out on optional things unless they came with free pizza. The handful of smart things that I did do stand out like a beacon from those years. […]

At Peace with Being ‘Cheap’

A few years ago, I wrote and published a book entitled 365 Ways to Live Cheap. It’s a fairly straightforward guide to frugality that delivers exactly what the title implies – 365 tactics that people can use to reduce their living expenses. It was an enjoyable book to write and a fitting “first book” for someone writing a personal finance website. […]

FedLoan Servicing: Working With Your Student Loan Servicer

Ready for a shock? Seven million Americans are currently in default on their student loans. A whopping 40% of student borrowers aren’t making any payments at all. That can have far-reaching consequences on your credit history and your life. […]

Til Death Do Us Check? When a Joint Bank Account Makes Sense

First comes love, then comes marriage, then comes… a joint checking account. Combining assets when uniting as a married couple seems only natural, and often it is a wise idea. Other situations may also come about when sharing an account with someone else makes perfect sense. […]

The Six Things I Care About Most When Looking at an Investment

For most people, one of the most intimidating parts of signing up for a 401(k) or a Roth IRA or another investment account is looking at all of the investment options. How do I know which one is right for me? How do I compare them? I remember exactly how that feels. When I signed up for the retirement plan at my very first job after college, I was hit with a plethora of investment options. […]

Do You Hate Your Job — or Your Boss?

At least half of workers have left a job “to get away from their manager,” according to a Gallup report from last year. If you’ve had a bad boss at some point in your career, that won’t come as a surprise. It’s hard to enjoy your work when you hate your manager. […]