The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 288)

Can Individual Investors Beat the Stock Market?

You’d be surprised how often I’m asked some variation on this question. People will write in to me asking me whether they should buy an index fund (in other words, they would own a little bit of a LOT of stocks and ride the averages of the stock market), a managed mutual fund (where someone else actively chooses stocks for them), or whether they should just pick stocks for themselves. […]

Reader Mailbag: Time for Games

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. Removing credit card users 2. Making your own shoes 3. Clothing budget for teenage girl 4. Board games for two 5. Too tenacious on debt repayment? 6. Getting child out of nest 7. Car opportunities 8. […]

Is Formal Personal Finance Education a Failure? Some Thoughts on Improving It

When I was in high school, I took a consumer education proficiency test and passed it with flying colors, demonstrating that I had the knowledge needed to manage my own money and be a savvy shopper. Within ten years, I was buried in debt. This isn’t an experience that’s unique to me. […]

The Simple Dollar Weekly Roundup: Winter and Summer Edition

One of the most challenging parts of having three children of different ages is that they seem to pick up sicknesses then pass them to each other, and just as they finally all get well it seems like another one gets a cold of some sort. I just want this season to be over with. It’s funny. In the late stages of winter (right now), I look forward to summer. […]

Little Steps for Teaching Young Ones Frugality

This morning, as my children were waking up, I was inspecting their dresser drawers looking for clothes. I pulled out clean underwear and socks for both of them, but rather than continuing through the drawers, I started digging through their clothes hamper, inspecting the clothes right in front of them. I’d examine one garment, say “This is dirty,” and throw it in one pile. […]

Illusions and Reality

An old friend of mine that I’ll call David has this amazing gift for talking to people of all stripes. […]

“Beyond” Frugality

A few days ago, someone made the interesting comment that they’re “beyond frugality” in their personal finance journey. When I asked her what she meant by that, she made several comments along the lines of “focusing more on improving income” and “optimal use of time.” That phrase, “beyond frugality,” stuck in my head for the last few days. […]

Reader Mailbag: Baseball Season

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. Inheritance concerns 2. Emergency fund size 3. Using Roth as emergency fund 4. Frugal odor elimination 5. Home warranty 6. Estimating child costs 7. Maxing out IRA contributions 8. Board games worth it? 9. […]

Review: You Majored in What?

Every Sunday, The Simple Dollar reviews a personal finance or other book of interest. Also available is a complete list of the hundreds of book reviews that have appeared on The Simple Dollar over the years. I double-majored in life science and computer science. What on earth am I doing writing a blog about personal finance? […]

You Need To Cut Your Spending. It Sounds Painful. Now What?

You’ve realized (finally) that you’re in a precarious financial situation. You’re spending more than you earn – sometimes quite a bit more. You’ve racked up a fair amount of debt. […]