The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 5)

Best Business Line of Credit for 2016

Getting a business line of credit is often a good idea to help manage your cash flow, deal with business expenses, and even invest in long-term growth plans. Unlike a business loan, however — in which you lock in to borrowing and paying interest on a set amount — a business line of credit allows you to borrow up to a certain limit, but only pay interest on the amount you actually borrow. […]

Financial and Personal Success and the Cardinal Virtues

Over the years, I’ve come to understand that financial success isn’t a cause, it’s an effect. What I mean by that is that there are certain fundamental things you can cultivate in your life that, once cultivated, will cause financial success to occur almost effortlessly. The problem with that approach is that modern society encourages what amounts to the opposite of those core values. […]

Why Landlords Do a Credit Check (and What They Look For)

Unfortunately in life, your past mistakes often have the uncanny tendency to haunt you, long after you made them. This is especially true when it comes to financial mistakes and your credit. […]

Overdraft Fees: What Banks Charge

It happens to the best of us: You write a check or make a purchase on your debit card only to find out later that you didn’t have enough money in your checking account to cover it — maybe you forgot about a quarterly payment coming due or your paycheck was delayed; maybe you’re just plain broke. […]

Questions About Warren Buffett, Halloween Candy, Gift Cards, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. A brief annual budget 2. Buffett, GDP, and profits 3. Forecasting, planning, and budgeting 4. Inexpensive wills 5. Rich Dad and Amway 6. Quarterly budgeting 7. Halloween candy 8. Weird frugality 9. […]

Two Tips for Dealing with Food Allergies on a Budget

By Katy DeDeyne When you’re trying to make better financial decisions, one of the first areas to look at trimming back is food. From cutting down on dining out, to making a meal plan, to trying store brands, there are lots of ways to reduce the amount of money you spend feeding yourself and your family. But when you add a food allergy into the mix, it gets a little bit more complicated. […]

Avoiding Fashion Trends Might Be the Hottest Look of 2016

Earlier this year, I spent $400 on dresses from a womenswear company called Soma. The magnitude of this purchase hit my husband hard. “You spent how much? And on what?” He could hardly believe it when I told him that, yes, I spent $400 on six dresses. We share our finances for sure, but each of us has a “slush fund” that we’re free to spend on whatever we want. […]

The Packet Drawer – and 15 Other Little Frugal Strategies from My Social Circle

I was visiting an old friend of mine who wanted me to sample a jar of pickled cucumbers. While he was opening the jar, he asked me to grab a couple of forks out of one of the drawers in his kitchen. I opened the wrong one. That drawer was stuffed with condiment packets. Salt. Ketchup. Pepper. Mustard. Hot sauce. Tons of them. His explanation was simple. […]

How Much Does it Cost to Sell a House?

How much does it cost to sell a house? The truth is, how much you’ll pay to sell your home depends on a number of factors. For example, using a realtor to market and manage your home sale can be rather expensive — real estate agent commissions can total 5% to 6% of the sale price, all of which is generally paid for by the seller, not the buyer. But if you sell it on your own? […]