The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 327)

Get a Bank Card with a Very Large Fee-Free ATM Network (47/365)

For the last few weeks, we’ve been focusing on how to save money on transportation. Now, we’re going to start looking at another potential money sink: banking and investing. There are a handful of tips from 365 Ways to Live Cheap that felt really relevant to my life as I was writing the book in 2007 but don’t quite feel as relevant today, though still useful. […]

Jobs and the Entrepreneur Mindset

I was digging through some old bookmarks recently when I came across this post from Afford Anything on the entrepreneur mindset. I’m going to quote a bit from the middle of the post where she’s discussing a guy who wants a job laid out for him on a silver platter, but the whole thing is worth a read. There’s nothing wrong with having a job. […]

Plan Ahead for a Car Replacement (46/365)

When Sarah replaced her first car (an old Toyota Celica) with her second car (a Mercury Sable of about 1999 vintage), she was financially unprepared for the switch. She had only the tiniest of down payments and had to take out a very large loan to cover the purchase. […]

Reader Mailbag: Novel Writing Update

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. Recycling 2. Bankruptcy or not? 3. Downsize or not? 4. Praying for money 5. Figuring out down payment 6. How much for extra payments? 7. Distant family 8. Dream beach house? 9. Combining credit card problems 10. […]

Pay for Car Repairs with a Credit Card (45/365)

The usual personal finance advice tells people to avoid credit cards like the plague. The reason for that is quite straightforward. Credit cards make it incredibly easy to get into debt trouble. When you use a credit card, you’re not directly spending your own money, and that abstraction is often enough to convince people to spend without thinking. […]

The Simple Dollar Weekly Roundup: Politics Edition

You would think, with the Iowa caucus ending a month and a half ago, that the automated political calls would stop for our family. You’d be wrong. I’m still getting calls from candidates I don’t support asking me to donate to them. […]

Shop Around for Car Repairs (44/365)

This is one of those tips that you hear and immediately think, “Easier said than done.” Why? Most of the time when you need a car repair, you’re pinched. Your car failed at a bad time, you need to get to work or school, and you’re willing to just throw money at the problem so you can get back on the road as fast as possible. […]

Compound Interest, Compound Opportunity

One of the first topics covered in almost any personal finance book you read is the power of compound interest. Compound Interest 101 You can skip this section if you’re already familiar with compound interest and how it works. I’m including it for people new to the idea. Let’s say you have access to a savings account that pays 5% interest. […]

Don’t Get Optional Stuff During Maintenance (43/365)

Whenever I get an oil change at one of those typical oil change places (think JiffyLube or something similar), I’m inundated by requests for tons of optional things. […]

Reader Mailbag: Writing Focus

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. Budgeting with bi-weekly paychecks 2. Gross or net income? 3. Investing in this economy 4. Car trade-in time? 5. Blogging workflow 6. Using money before pay cut 7. Sharebuilder IRA? 8. What is a dependent? 9. […]