The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 4)

On Money and Personal Challenges

Photo: University of Virginia Children’s Hospital As I write this, I’m sitting alone in a hotel room. My daughter had a five hour surgery this morning (and early afternoon) that comes with some significant risk and significant pain and will require at least one follow-up procedure. […]

Debt Payoff Calculator

At The Simple Dollar, one of our missions is to help people break free from debt and get on the road to financial independence. Whether it’s medical bills, student loans, or credit card debt, we want to help you create a plan to eliminate your debt quickly. Why is this important? The average credit card debt in the U.S. is over $15,000. […]

The Five Pillars of Personal Finance

Photo: Daniel Zedda Most of the personal finance advice you find out there, such as investing strategies and frugality tactics, rests on the back of a number of assumptions about the person that might use those tips. Those assumptions are what I consider to be the foundations of personal finance. […]

An Easy Way to Rack Up Delta SkyMiles for Free Flights

The Gold Delta SkyMiles credit card can help you pile up points and fly free more often. Photo: Delta via Facebook If you fly Delta often enough, it might make sense to get the co-branded Delta credit card — especially for your flight purchases. […]

How Bad Credit Can Cost You Your Dream Job

A potential employer can usually request a modified version of your credit report, and may use it to make a judgment on your personal responsibility. With a good credit score and an established credit history, life gets much easier. […]

Persistent Starting, Personal Finance, and the Rest of Your Life

Always be starting something, even if it’s just for a few minutes at a time. Here are 15 personal finance projects you can tackle in increments. Photo: Kevin Gessner So, like most people my age in the sandwich generation, I have this long list of things I’d like to do but never seem to really have time for. I have a big box full of papers that I really should file. […]

If You Have Savings In Your 20s, You’re Doing Something Right

A few days ago, I read an article containing the absolute worst financial “advice” I’ve ever read. I don’t want to reward it with a link, but if you really want to read it, you can find it by Googling for the title. It’s called If You Have Savings In Your 20s, You’re Doing Something Wrong. […]

What Is a Reverse Mortgage and How Does It Work?

As a cash-strapped senior, a reverse mortgage may sound like a tempting way to stay in the home you love. But beware the high fees and other drawbacks associated with this type of loan. Photo: Chad Miller Perhaps it took decades of mortgage payments, but you’ve achieved what’s still a dream for many: Homeownership (or, at least, substantial home equity). […]

Tips for Opening a Bank Account for Your Kids

Are you trying to teach your child the value of a dollar — and the importance of saving up for special items — by stashing away some of his or her birthday, holiday, and gift money? If so, it might make sense to open a savings account for that extra money. […]

Questions About Extra Pantry Items, Robots, Halloween Costumes, Podcasts and More!

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. Percentage budgeting and taxes 2. Solar PPA agreements 3. Saving enough for retirement? 4. Security deposit question 5. Rich on paper 6. Financial independence in automated future 7. Mortgage payment to savings account 8. […]