The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 7)

How to Avoid Beating Yourself Up Over Little Mistakes

I have this little voice in my head that likes to slam me for the missteps I make. If I eat too much at supper, that voice will say, “Are you completely lacking in self control or what? You didn’t need to eat like that! How disgusting!” If I spend money on something without thinking it through, that voice will say, “Are you even remotely thinking of your family’s future? […]

31 Days to Financial Independence (Day 27): Handling a Crisis

“31 Days to Financial Independence” is an ongoing series that appears every Thursday on The Simple Dollar. You might want to start this series from the beginning! Last time, we examined insurance options along with some strategies for maximizing the value one gets out of their insurance. […]

Three Tax Traps for Freelancers (and Three Perks, Too)

There are many benefits to freelancing, but it’s sometimes hard to remember that when tax time rolls around. That’s because, unlike regular employees who pay taxes through deductions from their paychecks, freelancers are responsible for setting aside their own state, local, and federal taxes. […]

Five Strategies for Avoiding (or Talking Yourself Out of) Hasty Purchases

The biggest personal finance mistake I make on any sort of a regular basis is to visit a store of any kind where I know I’m going to be personally tempted, and to do so with money in my pocket. […]

Five Ways to Give Yourself a Raise

If you got a huge raise at the end of the year, consider yourself lucky. A deluge of data both new and old show that annual raises have mostly fallen flat, barely keeping up with inflation in some cases. The Society for Human Resources Management reports it plainly. Their stats show that, in 2016, most U.S. firms handed out raises equal to 3% of their employees’ salaries. […]

How to Become ‘The Millionaire Next Door’

One of the most influential books I’ve ever read in terms of shaping my thoughts on personal finance and helping me figure out what to do. […]

How Late Can I Make a Payment Before It Shows Up on My Credit Report?

One of the more commonly misunderstood and misreported aspects of credit reporting is exactly when a late payment will show up on your credit report. […]

Questions About Local Banks, Weight Loss, New City Challenges, 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. IRA contribution and rollover questions 2. Saving for next home 3. Using banking to “buy local” 4. Figuring out where to live 5. Turbo Tax difficulties 6. Retirement and general savings planning 7. […]

Fancy Vacations? What Kids Really Want Is Your Time

Ever since my husband and I had children, family vacation has always been a priority in our house. At least once per year, I love taking the kids on a week-long trip somewhere warm, exciting, and new. Of course, travel is costly. I want to be able to take my kids on vacation just like my parents did, but not at the expense of our financial goals. […]

Three Famous Athletes Who Can Teach Us a Thing or Two About Frugality

Professional athletes often find themselves on shaky financial footing when they retire. This happens despite the fact that many of them make more money in one year than the average worker will make in a lifetime. Lifestyle inflation is real, people. As you accumulate expensive things, you expect more and better things in the future. […]