The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 298)

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. […]

Making Your Own Sidewalk Chalk

My children love drawing on the sidewalk and driveway in front of our house. They’ll draw huge pictures, hopscotch diagrams, long messages, and body tracings all over the place. My daughter particularly gets into this, as she recently filled a large portion of our driveway with a giant rainbow. I’m a big fan of sidewalk chalk. It keeps them engaged in creative projects. […]

Should I Cosign a Loan?

I get this type of question all the time. A family member or a friend is trying to get a loan for some reason. Those evil banks won’t lend them any money. They want you to cosign their loan for them. […]

Doing the Math on Home Ownership

In 2007, Sarah and I made the decision to become homeowners. We had fixed our finances to the point where we were ready with a down payment on a modest home. […]

Reader Mailbag: Hardware Failure

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. Elderly in financial trouble 2. Crafting projects 3. After bankruptcy 4. Making money with music 5. College savings or not? 6. Changing friends 7. Basic investing questions 8. Cheap golf 9. Difficult housing question 10. […]

Living Life to Its Fullest

“Make every day your masterpiece.” – John Wooden I have a really simple standard by which I live my life. At the end of each day, when I’m getting ready for bed, I try to write an entry in my journal, which means I reflect on the day that just passed. Mostly, I ask myself a single question about that day. […]

The Simple Dollar Weekly Roundup: Endless Rain Edition

Our Memorial Day weekend was filled with tons of rain. On the rare occasions when it wasn’t pouring outside, we couldn’t help but want to go outdoors and do something… after all, it’s Memorial Day weekend, the informal start of summer, right? Well, with everything being soaked, there was mud everywhere, and our children were attracted to the mud like moths to a light. […]