The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 292)

Seven Ways We Effectively Reduce Our Food Budget

Sarah and I have three children. According to the official USDA statistics on food costs, the monthly cost for our family to eat per month assuming we use their “liberal” food plan is $1,337.80. On the other hand, if we use their “thrifty” plan, our monthly food cost for our family drops to $686.60. […]

The Simple Dollar Weekly Roundup: Rains of Castamere Edition

Over the last few days, I’ve watched as several of my friends have been completely shocked by the giant twist on the Game of Thrones television series. Since I actually read the “Red Wedding” scene several years ago, it was very entertaining to see all of the surprise from people. […]

Comparing Costs Between New and Used Cars

The best way to maximize your value from a car, regardless of when you buy it, is to drive it until the problems become overwhelming, then trade it in for whatever value you can get out of it. I consider that the first rule of frugal car buying. The tough question is whether or not it makes sense to buy a new car or a used one. […]

Personal Finance and the Prisoner’s Dilemma

Imagine for a moment that you’re a prisoner. You’re sitting in your cell. A prison guard comes in and says, “We heard a rumor that you and your friend are involved in a conspiracy. Do you have anything you want to tell me? If you tell me, there will be no punishment for any involvement you have.” Do you betray your friend? If so, there may be a reward in it for you. […]

“Ballparking” Your First Budget

One of the first steps that people take when they first have their “financial epiphany” is that they assemble a budget. There are countless templates and ideas and forms for making budgets out there, but they all come back to the same thing. […]

Reader Mailbag: Summer Vacation

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. Helping new college graduate 2. Constant complaints 3. The value of trade school 4. Lessons for children 5. Lending Club thoughts 6. Selling off part of collection 7. Finance merging question 8. Rising property values? 9. […]

Escaping the Payday Loan Cycle

I had a long conversation with a reader whose brother seemed to be caught in an endless cycle of payday loans. He works about thirty hours a week earning about minimum wage at a convenience store. […]

Connecting Frugality and Wealth

Several readers sent me this wonderful article describing the frugal habits of several billionaires. We’re not talking millionaires – billionaires. These are people who could keep a personal staff of a dozen assistants to take care of everything without breaking a sweat. Here are a few tidbits: US oil magnate T. […]

Frugality and Imagination

I have three young children at home, which means that quite a lot of my time is spent on parenting activities. […]

Ten Pieces of Inspiration #128

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. Mark Twain on reading “The man who does not read has no advantage over the man who cannot read.” – Mark Twain If you choose not to use the skill of reading, why bother having built that skill in the first place? 2. […]