The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 269)

More Than 25 Percent of Americans Are Making a Huge Financial Mistake

What mistake? According to the Arizona Star, more than 25% of Americans are raiding their 401(k)s to stay afloat. The only way this even looks like a good idea at all is if you’re looking only at the very, very short term. If you look beyond that, making this move is pretty clearly worse than using a high-interest credit card to pay your bills. […]

Living for Today Doesn’t Require You to Drain Tomorrow

“Why would I want to live in misery just so I have a few more dollars when I’m old?” This is an exact quote from a recent reader email, and I hear variations on the theme all the time. […]

Ten Pieces of Inspiration #118

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. I’ve been showing my children a lot of pictures of modes of transportation that they’ve never used. They’ve been captivated by the zeppelins… as have I. 1. Mary Anne Radmacher on courage “Courage does not always roar. […]

The Influence

One of the most powerful factors in turning my financial situation around was the impact of the other people in my life. My wife, Sarah, is first and foremost in that. She’s at least as committed as I am to keeping spending under control. […]

Storage Space and Spring Cleaning

Storage space is one of the biggest money drains that people have. Think about it for a second. What do you do with storage space? You fill it up with stuff that you don’t have any consistent use for. […]

Making the Rent

Financial meltdowns often start with a small thing – the figurative straw that breaks the camel’s back. I’ve read stories from readers about the many small things that have caused them to start reassessing their lives. They had a credit card rejected at an inopportune moment. They didn’t have enough cash to pay for the groceries in their cart. […]

Reader Mailbag: Easter Eggs

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. Kindles/Nooks and libraries 2. Is it worth it? 3. Protecting financial independence from spouse 4. Regret 5. Saving too much for retirement? 6. How to buy stocks 7. Reusing plastic water bottles 8. […]

Dressed for Success

Monica writes in: At my new job, everyone dresses incredibly well. Everyone is wearing expensive – or at least expensive-looking – suits and other businesswear. My wardrobe is simply not up to snuff. Catching my wardrobe up to the level of everyone else is going to be really expensive. […]

The Simple Dollar Weekly Roundup: Spring Break Edition

Our children have a week off near the end of winter that’s called “spring break” but usually seems to involve cold weather and lots of late winter cabin fever. Usually, they spend some time during this week visiting grandparents, then we usually plan some sort of fun family excursion for a portion of the break. Still, I find “spring break” frustrating. […]

Figuring Out the Size of Your Emergency Fund

I consider an emergency fund to be an essential part of financial preparedness for every person. If you or your family doesn’t have one, you need to start building one now. Let’s start off with the basic idea of what an emergency fund is. I like Dave Ramsey’s definition of an emergency fund: An emergency fund is a rainy day fund, an umbrella. […]