The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 5)

Inspiration from Seneca, Emilie Wapnick, MIT, Steve Martin and More

Once a month (or so), I share a dozen things that have inspired me to greater personal, professional, and financial success in my life. I hope they bring similar success to your life. 1. Sigmund Freud on struggle “One day, in retrospect, the years of struggle will strike you as the most beautiful.” – Sigmund Freud This statement didn’t make a whole lot of sense to me until recently. […]

What Is an FHA Loan?

You don’t have to be a first-time or low-income home buyer to take advantage of the forgiving terms of a government-backed FHA loan. Photo: House & Hammer The term “FHA loan” is actually somewhat of a misnomer. That’s because the FHA, or Federal Housing Administration, doesn’t actually lend money to would-be homeowners. Rather, it insures the loans made by private lenders. […]

Where to Find Free Wi-Fi in Any Neighborhood

You don’t need to buy a $5 Macchiato to use the free Wi-Fi at Starbucks. Image: Mike Licht Here are 12 businesses I look for in any neighborhood when I need free Wi-Fi to surf the Web or access something online. […]

The Secret of the Launchpad

The secret to a productive morning is preparing for take-off the night before. Photo: NASA One of the most important things I ever did with regards to launching The Simple Dollar and making it successful was to adopt a pretty strict and intense writing schedule right off the bat and stick to it. […]

How Credit Card Companies Make Money

Credit card issuers make money in a few different ways, like taking a small cut of each purchase you make. Photo: Visa As a longtime credit card user (paying with — and paying off — cards since age 18), I’ve never really identified with the “credit cards are evil” mantra that seems to plague public opinion. […]

Want to Stay Healthy This Winter? Get More Sleep

Nobody wants to get sick, so do yourself a favor and get a good night’s sleep. Doctor’s orders. Photo: Anna Gutermuth If you want to steer clear of the common cold this winter, a full night’s sleep should be your goal. […]

Breaking Through the Money Scarcity Mindset

A ‘scarcity mentality’ impels us to consume and spend what we have when we have it, while embracing an ‘abundance mentality’ can free us to save for the future. Photo: James Lee When I was a young child, my parents didn’t have a whole lot of money. […]

Why Your Teen Should Open a Checking Account

A checking account can empower your teen to develop good financial habits and a healthy independent streak. My parents had me open my first checking account when I was around 13 or 14. […]

The Value of Doing a Monthly Financial Review – and Six Easy Steps for Doing So

A monthly financial review can help you keep track of where your money’s going. Photo: Tim Pierce I’m going to be blunt. It is really, really, really hard to succeed long term with your personal finances if you don’t know where your money is going. […]

What Is a Limited Liability Company, or LLC?

When my husband and I created our first WordPress blog, we did it as a hobby. But once we started earning a real income from our website, we began to think of it as a profitable business endeavor. […]