The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 7)

Three Painful Bank Fees (and How to Avoid Them)

We’ve always known that banks make major money off fees. Just how much has often been tricky to say, but for the first time last year, the nation’s largest banks were required to start reporting profits from fees in greater detail. […]

Money and Social Acceptance

Just the other day, I came across this great section on pages 45 and 46 of the current paperback version of Your Money or Your Life: Some of us operate from the myth that money is social acceptance. The urge to be part of a group is a deep one. To be excluded is experienced, on an unconscious level, as a threat to survival. […]

Questions About College Savings, Stock Trading, App Businesses, Side Gigs 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. Question about college savings 2. Researching before investing 3. How frequently should you trade? 4. Life insurance beneficiary issues 5. Finding specific vacation deals 6. Blogs with multiple topics? 7. […]

How to Choose the Right Mix of Investments for Your Personal Goals

There are only a few investment decisions that really matter. Your savings rate is one of them. The amount you pay for your investments is another. And of course, what you actually choose to invest in is right up there. What might surprise you is that the specific investments you choose matter less than the types of investments you choose. […]

Is It Still Possible to Do Disney on a Budget?

Disney World and Disneyland are wishlist vacation destinations for plenty of kids — and kids at heart. But recent hikes in ticket pricing have made an already costly destination even more expensive. […]

The Moment Versus the Big Picture

Recently, a reader who I’ll call Jenny sent me a very long and thoughtful message, of which one part has left me thinking for quite a while: It’s not good to be completely directionless in life because you’ll find yourself in a rough spot when the physical and mental abilities you have begin to erode as you grow older. […]

Can Money Buy You Happiness?

Yesterday, as I was sifting through my bookmarks for future Simple Dollar articles, I came across this wonderful article by David Short: Happiness Revisited: A Household Income of $75K? In the article, Short outlines the magic number: One of my favorite discussions on APViewpoint, which addressed “The Sad State of Happiness,” included an indirect reference to a popular 2010 academic study by psych […]

Seven Ways Millionaires Next Door Become Wealthy (and Stay That Way)

When most people think “rich,” they automatically envision people like the Kardashians, Brad and Angelina types, pop stars, and professional athletes. They picture luxury homes, flashy cars, and diamond necklaces so large they must be kept under lock and key. But the reality is rather different, according to Thomas J. Stanley and William D. […]

How to Cut the Cable (or Satellite) Cord and Save a Lot of Money Each Month

Here’s the reality: the average American cable bill is $100 per month. That’s the average, mind you: many people pay more than that, and some pay substantially more. Such a bill adds up to well over a thousand dollars a year. That’s a big expense, no matter how you slice it. Not only that, the vast majority of cable programming is a wasteland. […]

The Dance Between Your Present Self and Your Future Self

Almost every choice I make in my life boils down to a choice between my “present self” and my “future self.” Over the last decade, the single biggest change I have made in my life – the one that has triggered my financial turnaround and launched a new career – was simply choosing my “future self” more and more often. So, let’s step back and take a look at what that means, starting off with a coupl […]