The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 8)

How to Write a Great, Simple Business Plan for a Small Side Business

Several weeks ago, I wrote an article on starting a side business as part of my larger 31 Days to Financial Independence series. In that article, I advocated strongly for writing a business plan for even a small little side gig: “Develop a real business plan for each idea. Take each of those three ideas and flesh them out into a business plan. […]

The Observer Effect and Your Money

Recently, I’ve been trying to carefully track my working time in order to get some sense as to how I spend my time, what times of the day I focus best, and so on. The goal is to make my work as efficient as possible. What I’ve found, though, is that the simple act of tracking my time is actually causing me to be significantly more efficient in my work. […]

31 Days to Financial Independence (Day 30): Getting Your Family and Friends on the Same Page

“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 looked at what you can do when your goals change, even in the midst of working toward a major personal finance target. […]

14 Savings Hacks That Don’t Always Work

Have you ever jumped through hoops to save money, only to find you paid more – or, wasted a bunch of time? Maybe you misread the terms on a coupon, signed up for a fake or deceptive promotion, or just made a poor decision. […]

Three Common Credit Mistakes and How to Fix Them

If credit was easy, then everyone would have a VantageScore or FICO score of 850. But it’s not easy, and mistakes happen. Your challenge as a consumer of credit is to be smart enough to distinguish between what’s right and what’s a mistake, so you can avoid them at all costs. Credit Mistake No. 1: Co-Signing No, no, no — don’t ever do it. […]

Finding and Handling Your Money Boundaries

Everyone has boundaries. If you find yourself doing something that makes you bitter, it is time to reconsider. – Peter Singer, The Most Good You Can Do, p. 29 It’s going to happen at some point in your financial journey. At some point, you’re going to try a frugal tactic or even read an article about a frugal tactic that just doesn’t sit well with you. […]

Questions About Skillet Meals, Balance Transfers, Status Symbols, 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. Planning around low interest loans 2. Worried about financial crisis 3. Figuring out cremation costs 4. CPAs and taxes 5. Status symbols and real estate 6. Credit card balance transfer problems 7. […]

The Pros and Cons of Investing With Robo Advisors

The last few decades have been very good for individual investors. Vanguard introduced the first publicly available index fund in 1976, and since then index mutual funds and ETFs have exploded in availability. […]