The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 291)

The Year-Long Plot

Where do you want to be a year from now? Would you like to have some debts paid off? Maybe you dream of having finished an art project or a major home improvement project. Perhaps you dream of having a social circle to participate in. We all have things we’d love to accomplish, things that are a bit more real than a daydream but still far away from reality. […]

A Total (Loss Claim) History Lesson

Today, we’re continuing the TSD writers series with car insurance insider, Jeff Rieger. […]

Reader Mailbag: Everything Has a Cost

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. One-time retirement savings drop 2. Challenging gifted child 3. Dogs of the Dow 4. Handling loss of business income 5. Part-time jobs 6. Spouse’s religious donations 7. ING Direct becomes CapitalOne 360 8. […]

When Parents Give You Regular Cash Gifts

Jennifer writes in: My parents have been giving me $1,000 a month since I graduated from college three years ago. When my career first started, I really needed that money as I was an unpaid intern for several months at first while I built up my resume, then my first job paid less than minimum wage. Now, I’m making pretty good money. […]

Frugality Binge

It happens to a lot of people – myself included. One day, something triggers a change inside of you. You get really sick of paying money to the credit card companies and finally you reach the tipping point where the drawbacks of living a debt-filled life outweigh the benefits. You’re sick of it. You cut up the credit cards. You read a bunch of personal finance websites and books and articles. […]

Applying Warren Buffett’s 7% Figure to Your Retirement

A few weeks ago, I discussed a Bloomberg article about Warren Buffett’s projections for the stock market over the long term. Here’s a refresher on what Buffett said: “The economy, as measured by gross domestic product, can be expected to grow at an annual rate of about 3 percent over the long term, and inflation of 2 percent would push nominal GDP growth to 5 percent, Buffett said. […]

Ten Pieces of Inspiration #124

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. Renoir on beauty “The pain passes, but the beauty remains.” – Pierre Auguste Renoir Everything painful in life leaves behind a powerful imprint when the pain fades away. 2. […]

The Wasted Years

When I look back to the middle of the last decade – roughly 2002 to 2006 – I see a lot of great memories. I see my marriage to my wife. I see the birth of our first child. I see myself at a pair of jobs that I enjoyed quite a lot. I see the gradual diaspora of my college friends, and I see a lot of new friendships forming. At the same time, I see a ton of mistakes. […]

You’ve Got to Remove the Emotion

We are emotional people. We react to situations with a wide range of emotions: joy, fear, anger, mirth. On the other hand, money is about as non-emotional as you can get. Money is simply a method of exchange between goods and services. […]

The Problem of Security and Negative Motivation

It is very easy to get lost in an endless conversation about money issues. What kind of retirement plan should I have? How do I get rid of my debts? Am I saving enough for my child’s college fund? The goal of all of those things seems to be the accumulation of money. […]