The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 4)

Does Taking on More Debt Boost Your Credit Score?

It’s well known that earning and maintaining good credit is to your benefit. Perhaps because our credit scores have such a big impact on our lives, credit scoring models, such as those created by FICO and VantageScore, receive a lot of unwarranted criticism from consumers, consumer advocates, the media, and many others. […]

Questions About Difficult Frugality, Paper Bags, Small Debts, Friendships and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Some frugality not worth it? 2. Feeling unmotivated after financial setback 3. Salty, savory, and inexpensive? 4. Destroying documents without paper shredder 5. Edward Jones question 6. Saving old paper bags 7. […]

Questions About Difficult Frugality, Paper Bags, Small Debts, Friendships and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Some frugality not worth it? 2. Feeling unmotivated after financial setback 3. Salty, savory, and inexpensive? 4. Destroying documents without paper shredder 5. Edward Jones question 6. Saving old paper bags 7. […]

11 Side Hustles for People Who Hate People

Whether your goal is paying off debt, building an emergency fund, or saving for a rainy day, a side hustle could be the answer you’re looking for. With more cash at your disposal, every financial move you make becomes more powerful – more severe. And obviously, the more “extra money” you can earn, the faster you can reach your goals. But, what if you hate people? […]

Nine Money Mistakes New Retirees Can’t Stop Making

If you’re on the fast track to retirement, you’re probably busy planning your new, post-work world. Perhaps you’re considering a stint as a volunteer, or ready to sit back and do nothing for a while. […]

The Compound Interest of Building a Great Career

Anyone who spends much time paying attention to their finances eventually begins to appreciate the raw power of compound interest. It’s simple, really. Let’s say you put $20 in a bank account that earns 5% interest a year. At the end of that year, you have $21, right? Well, if you leave that money alone, that dollar you earned in interest begins to earn interest itself. […]

Handling Impostor Syndrome in Your Finances and Career

Impostor syndrome (also known as impostor phenomenon or fraud syndrome or the impostor experience) is a concept describing high-achieving individuals who are marked by an inability to internalize their accomplishments and a persistent fear of being exposed as a “fraud.” That’s the first sentence of a Wikipedia entry on the subject of impostor syndrome, which is a term that describes the sense that […]

Handling Impostor Syndrome in Your Finances and Career

Impostor syndrome (also known as impostor phenomenon or fraud syndrome or the impostor experience) is a concept describing high-achieving individuals who are marked by an inability to internalize their accomplishments and a persistent fear of being exposed as a “fraud.” That’s the first sentence of a Wikipedia entry on the subject of impostor syndrome, which is a term that describes the sense that […]

12 Frugal Summer Vacation Strategies from Our Family’s National Park Vacation

A few months ago, I posted an article on how we plan frugal family vacations in national parks. During the first half of June, we put that knowledge to the test with a long road trip family vacation that took us to Badlands National Park, Shoshone National Forest, Yellowstone National Park, and Grand Teton National Park. […]

Six Free, Gripping Documentaries That Can Change How You Think About Money

The well-done documentary film is a singular, wonderful piece of art. A great documentary can inspire, expose, educate, elucidate – and sometimes, do all of those things of that at once. […]