The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 384)

Visit Your Local Credit Union (120/365)

What if you’re wanting to consolidate or reduce debts, but you don’t really have any sort of collateral? You don’t own a home or a car, but you do have some debts you’d like to manage and potentially reduce. What do you do? I found myself in this situation several years ago, even before my financial turnaround. […]

Reader Mailbag: The Joy of Anticipation

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. Roth and Traditional IRA 2. Investing for very early retirement 3. Clutter caused by family 4. Next steps for expectant parents 5. Finding direction in retirement 6. Pay off house or invest? 7. […]

Consolidate or Refinance Any Debts (119/365)

The most painful part of debt is the interest. It can be crushing. Let’s say you borrow $200,000 on a 30 year fixed mortgage at 6%. That’s a pretty typical home loan that someone might have taken out in the mid-2000s if they had decent credit and a down payment. Over the course of that loan, you’d have to pay back the $200,000, of course. You’d also have to pay back $231,676.38 in interest. […]

A Little Customer Service Story

Sarah and I purchased an outdoor playhouse kit for our youngest son for his second birthday. It was on sale, we had a perfect spot for this playhouse in our yard, and all three of our children were absolutely in love with it. Several days ago, the kit was delivered in an unmarked box. […]

Know What You Owe (118/365)

When the bills from my debts were coming in fast and furious, the last thing I wanted to do was to think about them. At all. I would avoid the mailbox like the plague. […]

Ten Pieces of Inspiration #71

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. […]

Find Your Motivation (117/365)

Right now, I’m seated next to a big window that faces out into our back yard. As I glance out there, I can see my oldest son. He’s laying flat on his back out there, staring up at the sun. […]

The Human Side

“I don’t know how you write about personal finance every day,” she told me. “That stuff is boring. The last thing on earth I want to think about is insurance. I just get that stuff out of the way as fast as possible.” I was at the library when this conversation occurred. I was sitting at a table with several personal finance books around me. […]

Don’t Upgrade Your Living Space Just to House More Stuff (116/365)

When we were first married, Sarah and I lived in an extremely small apartment. It was (very) cozy for just the two of us, but it worked. When we had our first child, we converted a small area into a spot for the bed and the crib for our baby. […]

Reader Mailbag: Keeping a Project Secret

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. Trouble deciding how to save 2. Investing in friends? 3. Lending money to family 4. Investing in kitchen remodel 5. Endorsing a Presidential candidate 6. Tools for travel 7. Financial blunders and morals 8. Should I leave? 9. […]