The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 274)

Does a “Savings Club” Account Work?

Carol writes in: My local bank offers an interesting account each year. It starts on the first Saturday in January and the deal is that if you deposit the same amount each week for 49 weeks, they will make the 50th deposit for you and give you the money at the end of the year just before Christmas. […]

Can You Live on One Income?

For the last few years, Sarah and I have established a very simple goal. We live entirely on the larger of our two incomes and sock the entirety of the other salary into savings. So far, we’ve basically been able to pull this off. Why do this? There are three big reasons. First, it establishes a very clear baseline for our savings for the future. […]

The Next Step After a Mistake

I’ve messed up many, many times along my financial journey. I’m willing to bet you’ve messed up a time or two as well. I’ll spend too much. I’ll forget a bill and have to face the consequences of the lateness. I’ll try to adopt a new positive habit and then find myself slipping in my diligence with that habit. Whenever I find myself making a big financial mistake, I feel a ton of regret. […]

A Rookie Life Insurance Mistake I Made and How You Can Avoid It

For more than six years, I’ve shared my financial mistakes and successes on The Simple Dollar. I know the information that’s out there can seem dense and impersonal to everyday consumers, and I started TSD because I wanted to change that. That’s why I’m excited to introduce a series of posts that will highlight one of TSD’s writers’ personal insurance nightmares and valuable lessons learned. […]

Reader Mailbag: Endless Winter

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. Merging finances 2. Spending small windfalls 3. Handling parental stress 4. Career decisions and relationships 5. Energy drinks 6. Parents and financial disasters 7. Financial planning and self-education 8. […]

Dealing with Money Stress

All of us face stress from our financial situation at some point. For some, the stress might come from not being able to make our bills. […]

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. […]