The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 297)

Budgeting in a World Without Cash

Let’s face it: we’re gradually moving to a cashless world. Many people rarely have physical cash at all, opting to do most of their transactions via the internet or credit/debit card. […]

The Art of Following Through

It’s very easy to make a big promise to yourself. I will get my finances in order. I will eat better and lose some weight. I will improve my marriage. I will give up drinking. Most of the time, it’s easy to maintain this promise to ourselves. […]

How Long Could You Go Without Spending Any Money?

Given the resources you already have on hand, how long could you go without spending any money at all? You can assume that paying taxes and paying for basic utilities like electricity is okay, but buying anything else isn’t allowed. What would you do for transportation? Could you get to every place that you need to on foot or via bicycle? […]

Reader Mailbag: Single Parent Respect

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. Selling everything 2. Spouse wasting money on politics 3. Dental insurance 4. Thrift shop 5. Car buying question 6. Cash in car 7. Tax allowances 8. Netflix as TV replacement? 9. Bullied by financial advisor 10. […]

What Would I Do With a Large Windfall?

It’s a natural human dream that many of us have. Something happens and suddenly a substantial chunk of money falls on our lap – enough to change the dynamics of our life in some fashion. For a lot of people, a windfall would be used to pay off debts. That mortgage would disappear, as would those credit card debts. For others (even many of the people with debts), a big splurge would be in order. […]

Do Low Mortgage Rates Change Whether You Should Pay Your Home Off Early?

Over the last few years, home mortgage rates have drifted up and down between 3% and 4.5% for a thirty year fixed rate loan. That’s astonishingly low, especially considering savings accounts were giving out 6% returns in 2006. (I remember those days… 6% in a savings account. […]

The Traveler’s Dilemma

Next month, I’m traveling from Des Moines to Indianapolis and making a return trip about five days later. At first glance, it makes a lot of sense to fly. It would take me from Des Moines through Chicago to Indianapolis in about four and a half hours. Alternately, I could drive this trip and it would take eight hours. […]

Ten Pieces of Inspiration #135

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. George Washington Carver on life’s journey “How far you go in life depends on your being tender with the young, compassionate with the aged, sympathetic with the striving and tolerant of the weak and strong. […]

Some Thoughts on the McDonalds “Budget”

If you’ve spent much time on sites related to economics and personal finance in the last week, you’ve probably seen mention of the “McDonalds budget”. […]