The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 274)

Consider Long-Term Disability and Long-Term Care Insurance (251/365)

Long-term disability insurance and long-term care insurance are difficult issues to talk about. For starters, there are many situations where these types of insurance are never needed at all. If someone passes away very suddenly, the money spent on these insurances goes for naught. In some situations, the premiums might simply be beyond what they can actually afford. […]

Ten Pieces of Inspiration #90

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. Chief Red Eagle on anger and love I think this quote summarizes wonderfully the difference between love and anger. “Angry people want you to see how powerful they are. […]

Buy a Longer-Term Policy (250/365)

When I sat down to buy a term life insurance policy, I did my homework. I looked at the offerings of a lot of different insurance companies. I checked into how reliable all of those companies were. I looked at policies of various lengths. […]

The Primacy and Recency Effect and Your Next Purchase

Let’s just start off by answering the obvious question: what are the primacy effect and the recency effect? The primacy effect means that people tend to remember the first information presented about something better than information presented later. For example, let’s say that your first awareness of a product was during a segment on a morning show, where they lauded how well the product worked. […]

Buy Term Life Insurance (249/365)

When Sarah and I had our first child, we began to think seriously about what would happen if one of us were to die early for some reason. There are a lot of reasons it can happen: a car accident, a sudden severe ailment, a freak incident. As much as we would like to pretend that we are invincible, the truth is we’re not. Hand in hand with that, we need a few other things. […]

Reader Mailbag: The Bedtime Routine

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. Small versus big changes 2. Cutting back on energy drinks 3. Best games with playing cards 4. Fans or air conditioners? 5. Scientists as heroes 6. Mom versus loans 7. Trivia 8. Funeral expenses 9. Homemade candles 10. […]

Know Your Reasons for Insuring (248/365)

Insurance is a reality of modern life. Many state laws require homeowners and automobile insurance. On top of that, most people have health insurance and many people have life insurance for themselves and their loved ones. […]

The Simple Dollar Weekly Roundup: Reading Edition

My oldest son is progressing like crazy with his reading skills. He’s reached the point where he can piece through a lot of picture books, only stopping every once in a while to ask abou a word. He seems to be devouring almost every printed thing he can find. Sarah and I are encouraging this, of course. […]

Downgrade Your Home (247/365)

We live in a home with two stories and a finished basement. It’s a nice home, one that we’re all comfortable living in. However, if there was a financial need to do so, we could easily close off the finished basement. Everything we use it for could potentially be moved to the main floor, though we would have to start making some difficult decisions about possessions. […]

Money Down the Drain: Water Conservation and Your Wallet

Does conserving water save real money? Never mind the environmental questions. What does it cost your wallet if you waste a gallon of water? The EPA reports that the national average cost of water is $2.00 per 1,000 gallons. This varies greatly from area to area: in some dry areas, you’ll pay much more, for example. So, a single gallon of water wasted will cost you two-tenths of a cent. […]