The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 288)

Money and the Shrinking Attention Span

Since 2000, the average attention span has dropped by 33%. That’s an amazing little statistic. When I see statistics like that, I attempt to immediately translate them into what they mean from a money perspective. I often talk about the “ten second rule,” which is a simple idea for shopping that helps guide you away from impulsive purchases. […]

Reader Mailbag: Computer Upgrade

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. Retirement vs. long term savings 2. Chess set for beginner? 3. What comes after emergency savings? 4. Long shot dreams? 5. Size of emergency fund 6. Moving back to hometown 7. Back door Roth IRA? 8. […]

Are Parents Terrible Personal Finance Role Models?

Recently, I came across this article from Time Business arguing – quite convincingly – that parents are poor financial role models for their kids. From the article: “Most parents (77%) say they are not always honest with their kids about money; 15% lie weekly. […]

Climb the Stairs Before You Climb the Mountain

It all started with a single day. The first Saturday after my financial low point, I decided to spend just that one day doing what I could to improve our financial situation. “Today, I won’t spend any money. I’ll spend the day figuring things out and maybe making a bit of cash.” That morning, I cleaned out my closet and went through our DVD collection (with Sarah’s permission, of course). […]

Managing and Minimizing a Child’s Wants

One of the true highlights of my day is the time I get to spend with my children. At different times, it gives me the chance to be a parent and a guiding force to them, but it also gives me the chance to look at the world through a different set of eyes for a while. An example: I’ll teach them about sportsmanship and how to play a sport… but I’m also simply playing ball with them. […]

Ten Pieces of Inspiration #146

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. Tom Clancy on knowledge “The control of information is something the elite always does, particularly in a despotic form of government. Information, knowledge, is power. […]

Fourteen Ways to Save Money This Coming Week

If you’re like me, you thrive on to-do lists and a carefully planned schedule. I find that having a few things each day on my to-do list at the start of the week helps me to keep moving forward on the things I want to achieve. In that spirit, here’s a list of fourteen things worth taking care of this week that will save you money. […]

Who Judges You?

I think all of us have had experiences where we felt judged by others. We’re out in public and someone looks at us with a strange look on their face. You try to strike up a conversation with someone and they just don’t respond and look away. You notice someone staring at you or at your car or home from afar. An office clique forms with you on the outside. These are experiences that we’re all famil […]

Society’s Hands

In a week filled with news about the Affordable Care Act and government shutdowns, it seems appropriate to step back for a moment and look at the bigger picture of all of this. Regardless of your feelings on the Affordable Care Act and whether it’s a law that should stay on the books, as a program, it provides access to health care to some people who would otherwise be unable to acquire or afford […]