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Five Money Mistakes We’ve All Made


Buying something you can’t afford is bad enough. Paying for it with a credit card is worse. Photo: Sean MacEntee

It can be hard to admit you’ve made some financial mistakes, especially when those mistakes had embarrassing and expensive consequences. Using myself as an example:

Exhibit A: When I was 21, I financed a $25,000 Mitsubishi Galant with no money down. Even worse, I only made around $8 an hour at the time.

Exhibit B: Long before getting serious about money, I bought a $1,300 vacuum from a door-to-door salesman.

I did pay off that car eventually, but the $500 monthly payment was painful. Lesson learned. And the $1,300 vacuum? It does a great job, but I’m not sure how I could ever justify that purchase. Now my only plan is to keep it until the end of time.

Best Rewards Credit Cards for 2021

The best rewards credit cards put money back in your pocket with cash back, miles or points. Using the best rewards credit card to fit your spending habits can easily earn you rewards worth hundreds of dollars. We’ve sorted through the myriad of rewards credit cards and chosen only the ones that give you the […]

The post Best Rewards Credit Cards for 2021 appeared first on The Simple Dollar.

Will 2015 Bring Lower Health Care Costs?


Health care premiums may go down in 2015, but what about your out-of-pocket expenses? Photo: Bradley Gordon

When it comes to health care, the most common question is: Will my costs go up in 2015? The answer is a resounding… absolutely maybe!

There are multiple answers. The cost of health care services will be going up in 2015. That means doctors and hospitals will increase their fees. The same is true for lab work and other diagnostic testing. Even the cost of paramedic care and ambulance services will rise. Medicine is no different than any other business where year-over-year price increases are standard operating procedure.

How to Choose the Right Major


Your major will determine what you study for the next few years, and even what career options you have — so choose wisely. Photo: Francisco Osorio

Spring semester is about to start, and if you haven’t declared a major yet, your “exploratory” or “undecided” days may be numbered.

But choosing a college major is a big decision. When you pick a major, you’re not only dictating what you’ll be studying for the next few (or more) years in college, but what career opportunities you may have in the future. It can also be a hard decision to stick with — as many as 80% of college students change their major at least once, according to the National Center for Education Statistics.

How to Get Organized in 2015 Without Pulling Your Hair Out


Put it in writing: Whether it’s in a pocket planner or a smartphone app, keeping a calendar and writing down ideas will help you organize your thoughts and time. Photo: George Redgrave

A new year means resolutions may be weighing heavily on your mind. But instead of getting fit, eating healthier, returning to school, or taking more vacations, maybe you’ve resolved to get organized so you can take control of your life. Sounds like a phenomenal idea, but you’ll first need to clear the haze and organize your thoughts before moving forward.

How Will Dailey Makes a Living as a Middle-Class Musician


Will Dailey says being a successful musician no longer requires a ‘golden ticket’ from a major label.

Will Dailey’s music career began with a spatula and a tennis racket.

As a child, the Boston-area native would lead imaginary orchestras while listening to the classical music, show tunes, and Placido Domingo records his mother would play. The tennis racket was Dailey’s guitar until he got the real thing at age 12.

Now 38, Dailey has put out a number of albums over the past decade. He’s shared the stage with Dave Matthews, John Mellencamp, and Neil Young, collaborated with award-winning producer T-Bone Burnett, and had his music placed in a variety of TV shows and movies.

Inspiration from Serial, George Bernard Shaw, Barns, and More

Once a month (or so), I share a dozen things that have inspired me to greater personal, professional, and financial success in my life. I hope they bring similar success to your life.

1. Carol Dweck on the power of believing you can improve

From the description:

Carol Dweck researches “growth mindset” — the idea that we can grow our brain’s capacity to learn and to solve problems. In this talk, she describes two ways to think about a problem that’s slightly too hard for you to solve. Are you not smart enough to solve it … or have you just not solved it yet? A great introduction to this influential field.

Why You Probably Don’t Need Rental-Car Insurance


Before you hit the road in your rental car, check whether you really need that extra insurance. Photo: Aurelio Firmo

Your bags are packed, you’ve found a sitter for the dog, and you’ve suspended your newspaper subscription for a few days. That can only mean one thing: You’re going on a trip.

This year, consumers will take 1.6 billion leisure trips across the United States, reports the U.S. Travel Association, a trade group. Nearly eight in 10 travelers will go on their adventures by car, many of them rented.

Vacations You Can Take With Credit Card Rewards


Using credit card rewards can make a trip to Disney World — and many other places — more affordable. Photo: Randy Pertiet

The average vacation for a family of four rang in at a staggering $4,580 in 2014, according to a recent study from American Express. That total includes the cost of lodging, transportation, food, and entertainment, and of course the excessive taxes and fees that are levied on every component of your travel itinerary.