The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 297)

Spending Money on “Someday”

In my closet, I have every issue of MAKE Magazine ever produced. I really enjoy reading issues of MAKE. […]

Personal Finance “Experiences” for Older Kids

One of the most powerful things I’ve learned over the last few years is that older children and teenagers often learn the most powerful life lessons from experiences they can directly relate to. The problem is that personal finance isn’t often directly relatable to their life. […]

Reader Mailbag: Child Grooming

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. Quality of life in retirement 2. Angry relatives over estate 3. Credit score challenges 4. Neighborhood culture shock 5. Odd bank behavior 6. Pyramid scheme addict 7. Loan payments and emergency funds 8. Trusting Wikipedia 9. […]

14 Ways to Save Money on Your Commuting Fuel Costs Without Giving Up Your Car

Whenever I see advice on saving money on commuting fuel costs, the suggestions often revolve around completely giving up your car. I’m as guilty of that as anyone else. It’s a great way to drastically trim your finances. Let’s be honest, though: a lot of people simply aren’t going to give up their car. […]

Sacrificing the Future to Serve the Present

I’m involved with a charitable organization (that I’ll choose to leave nameless) that is undergoing what I might call an identity crisis. The staff of this charity has made a ton of commitments on an organization-wide level. They’ve pledged help to many different local groups and causes and those commitments are impressive and good ones. […]

Top-Down Versus Bottom-Up Finances

Let’s start off by looking at what I mean by “top-down” versus “bottom-up.” A “top-down” approach to something means you take something large and break it down into smaller pieces. […]

Ten Pieces of Inspiration #125

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. Samuel Johnson on habits “The chains of habit are too weak to be felt until they are too strong to be broken.” – Samuel Johnson I wouldn’t quite call them unbreakable, but they can become incredibly strong. 2. […]

Dave’s Homemade Powerade

I often meet up with a good friend of mine that I’ll call Dave. You rarely see Dave without his trusty bottle of Powerade at his side. He seems to thrive on the stuff. […]

How Much Impact Does a Tiny Extra Payment Have on Your Mortgage?

Let’s look at a “typical” mortgage. Right now, the average American mortgage is $235,000, so let’s use that as our baseline. The Seattle Times reports that, right now, the average 30 year fixed mortgage rate is 3.42%. So, let’s use those numbers. […]

Desires: Short Term and Long Term

Most of our desires last for only a moment or two. A person might spy a snack that looks good at the checkout and wants it, but if that person waits a few minutes, it’s forgotten. A person might see a coffee shop drive-thru on the way to work and feels really tempted, but if that person keeps driving, that coffee shop is forgotten a few blocks later. A person might spot a really interesting magazi […]