The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 269)

Children, Personal Finances, and Entitlement

An allowance is not a salary or an entitlement. It is a tool for teaching children how to manage money. - Joline Godfrey, Raising Financially Fit Kids Our three kids are really blessed. They have involved parents that are in a solid enough financial state to provide for them without worry. […]

Eat Before You Go Grocery Shopping (190/365)

As I discussed yesterday, one of the biggest unnecessary costs when it comes to the grocery store is impulse buying. You wander through the grocery store and mostly just get items that you need for meals, but you see a thing here and a thing here that looks good and they wind up in your cart. These temptations are much, much more effective when you go into a grocery store hungry. […]

Reader Mailbag: The Unexplained

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. Starting a small business anywhere 2. Challenges with life and education 3. Guilt about financial position 4. Handling major debt situation 5. Ads or not? 6. Advice on tree planting 7. Lunch staples for my desk 8. […]

Go Grocery Shopping Once a Week at Most (189/365)

Whenever I go grocery shopping, I always find myself eyeballing the gum in the checkout aisle. Chewing gum is one of those little things in my life that’s worked for me over the years. I like buying really minty gum, and I’ll often chew a piece for a little while before I meet someone. […]

The Art of Saving Money on Food – or Anything Else

I can make a really good loaf of bread for about two dollars, all told. That includes the cost of water, of flour, of yeast, and of the electricity used to make that loaf. […]

Don’t Eat Out as Often (188/365)

The average American eats an average of 4.2 commercially prepared meals per week. In other words, as a nation, we eat out between four and five times a week, on average. This number equates to 18.2 meals in an average month eaten outside the home. When I first heard that statistic, my initial reaction is that the number was high. I eat out perhaps once a week at this point in my life. […]

Ten Pieces of Inspiration #81

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 spent some time this week working on a presentation designed to encourage people to volunteer their time to causes that they care about. […]

Watch Less Television (187/365)

Right off the bat, let me make it clear that I don’t think television watching is an inherently bad hobby. My primary concern with it is that it’s an expensive hobby. Let me explain what I mean in detail. For starters, the average American household has approximately three television sets. The average television set lasts around six years, and the average television set costs $400. […]

Microrewarding Yourself

In order to encourage everyone in our family to get outside and exercise as much as reasonably possible this summer, Sarah and I instituted a family program called “Mileage Club.” Here’s how it works. At the start of the summer, Sarah and I made a giant pile of punch cards, each numbered one through twenty. […]

Read More (186/365)

Reading is an incredibly inexpensive hobby that provides so many benefits. Most of the time, it requires little or no electricity to engage in reading, so you’re not burning up watts and adding to your energy bill. If you read outside or in a well-lit house, there’s no cost at all during daytime hours. […]