The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 293)

The Center

When I first got started with personal finance, I began by cutting away at my spending. First, I trimmed away the obvious things – buying too many books and video games, for one. […]

Ten Pieces of Inspiration #23

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. Self-Reliance by Ralph Waldo Emerson I re-read Emerson’s wonderful classic essay Self-Reliance again this week, and again I found it digging deep into my soul. […]

Dinner With My Family #19: Slow Cooker Pot Pie

My favorite meals are ones that are flexible enough to incorporate whatever we have on hand as well as incorporating whatever might be on sale at the grocery store or at the farmers market. This way, we minimize the food we waste while also taking advantage of sales, minimizing our food costs. At the same time, convenience is a need for us, too. […]

Starting the Journey Right

Me, at approximately age two, in the kitchen of the house I grew up in This past weekend, I was cleaning out a drawer in my office when I came across a stack of photos from my early childhood. […]

The Truth About Retiring at 65

In 1935, when the Social Security Act was passed by Congress and signed by President Roosevelt, the new law established a national retirement age of 65. […]

Reader Mailbag: Friends

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. Tossed into the “real world” 2. Dealing with flooding 3. HSA contribution question 4. Spouses and kids 5. Index fund or savings account 6. Snowballing versus interest payments 7. Letting my cousin move in 8. Mortgage free! […]

Some Thoughts on Comparative Advantage

This morning, a boy from our neighborhood knocked on our door. He was looking for yards to mow and he offered to mow ours for $15 a pop. Our yard takes roughly an hour to mow with our push mower. I tend to enjoy the process, actually, as it gives me a good excuse to get exercise. I often come in pretty sweaty after mowing on a hot summer day. So I turned the boy down. […]

The Simple Dollar Weekly Roundup: Three Children Edition

We have three children. My parents had three children. My wife’s parents had three children. One of my wife’s closest friends is about to have her third child. My oldest brother has three children. My wife’s aunt has three children. My wife’s first cousin will shortly have three children. Why do so many people in our lives have three children? […]

How Long Is Your Long Run?

When I think about the long run, I’m usually thinking about what I would call “retirement.” It’s a state I hope to reach in my fifties or sixties or so where I can spend my time working on projects that may or may not result in any sort of financial gain, but simply projects that I can enjoy. […]

Which Retirement Plan Is Right for Me? Traditional IRAs Versus Roth IRAs Versus 401(k)s and 403(b)s

Kelly writes in: I’m reading about retirement and I see terms like Traditional IRA and Roth IRA and 401(k) thrown around without really explaining what they are or what the differences between them are. Do you have a summary of these plans and how they work? There’s no better time than the present to offer up some great fundamental personal finance information like this. […]