The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 6)

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. […]

I Left the Coast for a Simpler Life in the Midwest – and You Can, Too

Longing for a simpler, less-expensive life? Don’t fear the seasons or the slower pace of small, Midwestern cities like Madison, Wis. Photo: Richard Hurd After graduating from college in 2009, I played professional basketball in Israel for three years. When I finished, I moved back to my hometown of Los Angeles, and I figured I’d be there forever. Or if not there, maybe New York City. Or Boston. […]

Eight Romantic, Affordable Honeymoon Destinations

The average couple in the United States spends $3,400 on their honeymoon, according to Conde Nast Bridal InfoBank. This post-wedding getaway is supposed to be a time for the bride and groom to relax and enjoy each other’s company alone after all the hustle and bustle and stress of the wedding. […]

When Financial Improvement Is Just a Phase

Sarah and I hit our financial bottom almost a decade ago. We made some hard choices, started turning things around, and those changes are still going strong in our lives. We’re still saving a large portion of our income – around half of it each year since 2012. We’re still debt free. We have no interest in changing our direction, either. […]

Budgeting Software Showdown: Alternatives to

Since its founding in 2006, has grown from a small financial startup into a formidable personal finance tool with more than 15 million users. Acquired by Intuit in 2009, Mint has become the budgeting go-to for tech-savvy consumers who want a convenient place to manage their money on the go. […]