The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 6)

How to Use the “Snowflake” Strategy for Debt Repayment

When you’re facing a giant mountain of debt, it feels almost impossible to overcome it. When your total debt exceeds your household income, it can feel like debt is just going to be a part of your life. It can seem as though, in order to live your life, you’re going to have to constantly hand money to the banks until you’re old and grey. It doesn’t have to be this way. […]

How to Switch to Paying Cash for Your Car

In 2003, I purchased a 1997 Ford F-150 pickup. Given the financial disaster that my life was at the tiem, I “paid” for it entirely with a loan, which saddled me with car payments for the next three-plus years. In 2010, the Ford F-150 needed to be replaced, so we bought a 2004 Honda Pilot. This time around, we paid cash for the whole thing. […]

How to Switch to Paying Cash for Your Car

In 2003, I purchased a 1997 Ford F-150 pickup. Given the financial disaster that my life was at the tiem, I “paid” for it entirely with a loan, which saddled me with car payments for the next three-plus years. In 2010, the Ford F-150 needed to be replaced, so we bought a 2004 Honda Pilot. This time around, we paid cash for the whole thing. […]

Triggering the Spark of Financial Independence and Frugality

Kayla writes in: I’ve never really understood how you could suddenly make the switch from way overspending to actually living on just one of your two incomes and saving half of your income. How does that even happen? As I thought about Kayla’s question, I started writing a list of things that I felt played a real role in this turnaround. […]

Triggering the Spark of Financial Independence and Frugality

Kayla writes in: I’ve never really understood how you could suddenly make the switch from way overspending to actually living on just one of your two incomes and saving half of your income. How does that even happen? As I thought about Kayla’s question, I started writing a list of things that I felt played a real role in this turnaround. […]

Questions about Old Stamps, Yoga, Hospital Bills, Chess, 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. Hospital bills and 529 plans 2. Planning with constant challenges 3. Using old baseball cards 4. Frugal yoga tip 5. Baking bread at home 6. Frugality and “ripping off” businesses 7. Buy it for life: underwear 8. Old stamps 9. […]

Questions about Old Stamps, Yoga, Hospital Bills, Chess, 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. Hospital bills and 529 plans 2. Planning with constant challenges 3. Using old baseball cards 4. Frugal yoga tip 5. Baking bread at home 6. Frugality and “ripping off” businesses 7. Buy it for life: underwear 8. Old stamps 9. […]

Books with Impact: Early Retirement Extreme

The “Books with Impact” series takes a deeper look at specific books that have had a profound impact on my financial, professional, and personal growth by extracting specific points of advice from those books and looking at how I’ve applied them in my life with successful results. […]

Books with Impact: Early Retirement Extreme

The “Books with Impact” series takes a deeper look at specific books that have had a profound impact on my financial, professional, and personal growth by extracting specific points of advice from those books and looking at how I’ve applied them in my life with successful results. […]

Living Lean Without Being an Outcast

It’s not exactly a secret that the “spend less than you earn” strategy is a little different than how the average American lives their lives. As I’ve quoted many times on The Simple Dollar, 76% of Americans live paycheck to paycheck. […]