The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 274)

Ten Pieces of Inspiration #136

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. 1. Mary Anne Radmacher on courage “Courage doesn’t always roar, sometimes it’s the quiet voice at the end of the day whispering ‘I will try again tomorrow.’” – Mary Anne Radmacher It takes courage to keep going through the doldrums. 2. […]

Using the Decoy Effect to Your Advantage

First, let’s talk about what the decoy effect is: The decoy effect is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presented with a third option that is asymmetrically dominated. […]

The Value of a Good Reputation – and How to Build One

“The way to gain a good reputation is to endeavor to be what you desire to appear.” – Socrates All of us have friends and family with different reputations. Some of our friends and family are rock-solid people that you know you can rely on when you need them. All you have to do is give them a call and they’ll be there. If there’s a project to be completed, they’ll help out. […]

Lessons from the Bankruptcy of a City

If you’ve been following the news this week, you’ve heard that the city of Detroit has filed for bankruptcy. […]

Reader Mailbag: Songs of Your Youth

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. How valuable is living space? 2. Meditation and money 3. Using multiple investing houses 4. Cheating wife 5. First investment steps 6. Cynicism about financial success 7. Caught in credit card cycle 8. […]

Curbing Online Spending Impulses

My biggest spending weakness is online spending. And it’s not even close. I have essentially completely conquered my spending impulses when I’m out and about in stores. I simply don’t buy stuff on a whim when I’m in a store. I stick to my list like glue, find the stuff I need, and get out. […]

The Simple Dollar Weekly Roundup: Rain Edition

We had our first nice rain in a long while on Monday evening. I went outside after the rain and you could smell everything inching back to life after a lengthy dry spell. It was wonderful. […]

Reader Tip Tuesday #1

We understand that frugality, battling debt, or searching for financial independence is hard; it takes consistency and determination. We mentioned it last week: the path to financial independence doesn’t have to be a solo journey, there’s a strong community of supporters who all have something great to share. […]

Budgeting in a World Without Cash

Let’s face it: we’re gradually moving to a cashless world. Many people rarely have physical cash at all, opting to do most of their transactions via the internet or credit/debit card. […]

The Art of Following Through

It’s very easy to make a big promise to yourself. I will get my finances in order. I will eat better and lose some weight. I will improve my marriage. I will give up drinking. Most of the time, it’s easy to maintain this promise to ourselves. […]