The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 5)

Why Americans Aren’t Ready for an Emergency

One in four Americans has more credit card debt than emergency savings. Photo: Alex Let’s talk about our saving skills for a minute, America. Because it seems that while we’re improving, we have yet to master the skill of setting aside appropriate amounts of money for a rainy day. Instead, we’re consumed with instant gratification and keeping up with the Joneses. […]

Some Thoughts on Riskier Investments

It’s okay to invest in a risky asset if it brings you some extra enjoyment — just don’t use any money you’re not prepared to lose. Photo: Michael Coghlan A good friend of mine has about 25% of his net worth tied up in Magic: the Gathering cards. […]

Five Reasons It Pays to Become a Work-at-Home Mom

 Photo: Dan Harrelson After years of decline, a new look at government data shows that the number of stay-at-home moms is finally on the rise. This news comes courtesy of Pew Research Center analysis from 2014. […]

Five Reasons It Pays to Become a Work-at-Home Mom

 Photo: Dan Harrelson After years of decline, a new look at government data shows that the number of stay-at-home moms is finally on the rise. This news comes courtesy of Pew Research Center analysis from 2014. […]

Eight Strategies for Reducing Financial Dependence

Living someplace with public transportation options can help you ditch the second car and the costs that come with it. Photo: Billie Ward One of the biggest themes that I write about here on The Simple Dollar is the concept of financial independence. […]

Eight Strategies for Reducing Financial Dependence

One of the biggest themes that I write about here on The Simple Dollar is the concept of financial independence. I define financial independence as being the state in which you can live off of your passive income, usually in the form of investments that pay out over time such as dividend-generating stocks. As with most things in life, financial independence isn’t a cut-and-dried line. […]

Questions About Paper Plates, Declining Brands, Windfalls, Community Theater 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. Mispriced items at local grocer 2. Brands that have gone downhill 3. Handling $5,000 windfall 4. Commute or rent closer? 5. Setting annual or quarterly goals 6. Community theater 7. Time cost and paper plates 8. […]

Questions About Paper Plates, Declining Brands, Windfalls, Community Theater 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. Mispriced items at local grocer 2. Brands that have gone downhill 3. Handling $5,000 windfall 4. Commute or rent closer? 5. Setting annual or quarterly goals 6. Community theater 7. Time cost and paper plates 8. […]

Four Steps to Turn Your Idea Into a Business

Got a great idea for a business? Here’s how to take action on it. Photo: Yudis Asnar What was the last great business idea you had? Do you remember it? What did you do with it? Did you write it down? If you’re like most people, you had a great idea, never wrote it down, told a couple of co-workers or your spouse, and let the idea fade away without taking any meaningful action to pursue it. […]

Life Lessons From a Funeral Home

Time is our most important currency in life. Photo: Kayla Kandzorra As a child, it was hard for me to envision what my future would look like. […]