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)

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. […]

Being Judgmental on the Path to Financial Independence

When you start to feel judgmental about someone else’s financial behavior, take a look in the mirror and reflect on your own mistakes. Photo: Maria Morri It’s been more than nine years since Sarah and I hit our financial bottom and started to turn things around. Along that path, many good things have happened to us. We’ve paid off all of our credit card debt. […]

REI to Customers: We’ll Be Closed on Black Friday, Go Outside

Outdoor retailer REI is closing its doors on the biggest shopping day of the year and encouraging its customers and employees to go outside instead. […]

Questions About Frozen Slow Cooker Meals, Gym Memberships, Churning, Annuities 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. Getting a back-up car 2. Why you should keep stuff? 3. Frozen slow cooker meal tips 4. Prioritizing credit card debts? 5. Maximizing schedule with long weekends 6. Why worry about retirement? 7. […]