The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 264)

Switch to Only Using Cash and Checks for a Year (123/365)

One of the biggest mental tricks that credit cards (and debit cards, for that matter) plays on our minds is that they make the use of money very abstract. […]

Reader Mailbag: Free Will Donations

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. What’s really needed for baby? 2. Where is Fringe headed? 3. Retirement savings or house purchase? 4. Cleaning house 5. Frugality and awareness 6. Budgeting for future purchases 7. Ashamed of passions 8. […]

Resist Temptation to Use Your Credit Card Once You Pay It Down (122/365)

For a lot of people, debt is a cycle. They’ll spend themselves to the breaking point, watching their credit card balances surge. Then, once they reach a point where they are having difficulty paying their bills, they cut back and start living frugally for a while until the credit cards are under control. […]

6 Simple Ways to Avoid Burnout

Studies estimate that stress costs US businesses up to $300 billion dollars in lost productivity each year. In the wake of such statistics, there is beginning to be a larger discussion about burnout, which is essentially when stress and pressure (often in the workplace) have become so great that overall quality of life and quality of work become negatively impacted. […]

The Simple Dollar Weekly Roundup: Rain and Sports Edition

One of the big challenges of outdoor youth sports is dodging the inevitable spring rainfalls. We’ll have a practice or two and I’ll see some real improvement with the children I’m coaching. […]

Confront the Credit Card Companies (121/365)

For most people, the debt that really tips things from a manageable situation into a very challenging one is credit card debt. Credit cards are incredibly easy to acquire and incredibly easy to use without a second thought. Often, people can rack up hundreds of dollars in debt before ever seeing a single bill. […]

Cutting Down the Options

When a person signs up for their 401(k), they’re often hit with an onslaught of options. What percentage do they want deducted? Which of these fifty different funds do you want to put your money into? Or do you want to split your money among different funds? […]

Visit Your Local Credit Union (120/365)

What if you’re wanting to consolidate or reduce debts, but you don’t really have any sort of collateral? You don’t own a home or a car, but you do have some debts you’d like to manage and potentially reduce. What do you do? I found myself in this situation several years ago, even before my financial turnaround. […]

Reader Mailbag: The Joy of Anticipation

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. Roth and Traditional IRA 2. Investing for very early retirement 3. Clutter caused by family 4. Next steps for expectant parents 5. Finding direction in retirement 6. Pay off house or invest? 7. […]

Consolidate or Refinance Any Debts (119/365)

The most painful part of debt is the interest. It can be crushing. Let’s say you borrow $200,000 on a 30 year fixed mortgage at 6%. That’s a pretty typical home loan that someone might have taken out in the mid-2000s if they had decent credit and a down payment. Over the course of that loan, you’d have to pay back the $200,000, of course. You’d also have to pay back $231,676.38 in interest. […]