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)

External and Internal Motivation

If you’ve read The Simple Dollar for very long, you know that my children play a major role in motivating me to make good financial choices. I want them to have childhood security and to have every educational opportunity that I can provide for them, at least up until their college education. […]

Alternatives to Payday Loans If You Need Cash Immediately

Payday loans are an incredibly poor deal for the customer. It’s a loan with an absurdly high interest rate. If you take out a payday loan, you’re going to come out the financial loser almost every time. They almost always cause more problems than they solve. Almost everyone knows that payday loans aren’t worthwhile, so why do they still exist? […]

The Danger of Results-Oriented Thinking

For a month, you scrimp and save. You deny yourself a lot of little treats. You sell a few things on eBay. You make some meals in advance and eat at home a lot more. You make careful grocery lists. At the end of the month, you sit down and reassess your financial situation… and you’re still in debt. You still owe a big sum on your credit card and on your student loans. […]

Reader Mailbag: The “Tool of the Month”

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. Other investing options 2. Social media and career value 3. Dating expenses and budgeting 4. Struggling with lots of debt 5. Store credit card drawbacks 6. Credit limit increase 7. Planning to move next year 8. […]

“Savings Per Hour” and the Power of Frugal Intuition

Whenever I go beyond intuition and try to evaluate the exact savings found in a particular frugality method, the first thing I do is figure out exactly how much that method saves me regardless of how long it takes. Is this method providing a big savings or a little savings? For me, the tactics that just save a few cents aren’t really worthwhile unless they are extremely quick. […]

The Simple Dollar Weekly Roundup: Teaching Games Edition

My oldest son is on a board gaming kick as of late. Most days, when he gets home from school, he requests that we play a board game. He’s able to pick up the rules of many of the games in our family’s collection, more than I would have guessed a few months ago. We’ve enjoyed games like Lords of Waterdeep and Magic: the Gathering together. Most days, I don’t even suggest playing a game. […]

4 Ways to Minimize Your Home Energy Bill This Spring

This post first appeared at U.S. News and World Report Money. Winter is over! Spring is here! Spring offers many opportunities to save money. Spring makes it much easier to go outside and get some exercise. You can start a vegetable garden. […]

Personal Finance 101: What Is Rebalancing?

One topic I see referenced quite often in personal finance books – especially books focused on retirement – is the idea of rebalancing. […]

How to Get Cheap Life Insurance in 2014

Finding a cheap life insurance policy that offers the right amount of coverage is at the forefront of any first-time buyer’s mind. The same goes for someone who’s simply looking for a better rate. If you want to get the most affordable life insurance, there are several things you can do to minimize costs. […]

An Unhealthy Dose of Optimism

It isn’t very hard to come across stories of people who thought they had everything planned out, only to see everything come apart at the seams. They lost their job. Their car fell apart. Their apartment building burned to the ground. They got sick. Their child or spouse got sick. Someone stole their identity. […]