The Mental Tools That Actually Work When Getting Through a Challenge

It’s no secret to readers of The Simple Dollar that I am passionate about self-improvement. Our financial turnaround is a perfect example of this, as much of that success came from applying self-improvement techniques to our finances. […]

Four Economic Trends That Will Impact Your Wallet in 2019

If there’s one thing that’s certain about 2019, it’s that the year ahead will be filled with a great deal of uncertainty — at least on the economic front. Trend experts and personal finance experts alike say the country’s current, polarized political climate, including the record-breaking government shutdown, has a lot to do with that, and is setting the stage for a year that no one can truly pred […]

Ask the Readers: Do You Have a Will?

Thinking about death at all can be tough, let alone planning for your own. But to ensure that your estate is handled to way you want, with as little strife to your loved ones as possible, you need to have a will. Do you have a will? What do you think is the most important reason for having one... […]

Questions About Dollar Cost Averaging, Bone Broth, TaxAct, 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. Unknown banks 2. Roth conversion with low income 3. Bone broth and stock? 4. TaxAct basic version question 5. Credit card with bad credit 6. Dollar cost averaging 7. Abject poverty? 8. When to buy a book? 9. […]

How to Allocate Your Assets for Financial Freedom

The following is a guest post from Millionaire Mob. Allocating assets is very important. Actually, it’s likely the most important component for building sustained wealth over time. If you can master budgeting and saving, congrats! […]

The Lucky Fool

“It manifests itself in the shape of the lucky fool, defined as a person who benefited from a disproportionate share of luck but attributes his success to some other, generally very precise, reason.” – Nassim Nicholas Taleb, Fooled by Randomness I think we’ve all met some version of the “lucky fool” at some point in our lives. Think of a person born wealthy, with their parents giving them every ac […]

Why NewRetirement is my favorite retirement planning tool

Over the past week, I've shared two terrific retirement planning tools. First, I explored the pros and cons of Personal Capital. Next, I looked at OnTrajectory, which is the best traditional retirement calculator I've found. Today, I want to talk about NewRetirement. […]

A Frugal Person’s Guide to Coffee

Over the last few years, I’ve really begun to appreciate a cup of coffee in the morning, particularly on days when I need to tackle a lot of tasks that require focus and ideas. […]

Tax Refunds: Highlights From Our Chat With EARN and SaverLife

EARN and SaverLife joined us for our #WBChat on January 17th to share insights on tax refunds. Our #SaverLife #WBChat featured wonderful tips and both EARN and SaverLife's expertise helped our chatters learn more about tax refunds and what to do with them. In total we had 88 participants,... […]

Why Internal Solutions Trump External Ones

If you’re reading this, you’re likely a problem solver of some kind, and the problem you identified was likely related to your personal finances. […]

Citi Rewards+℠ Card: Earn Up to 10% Back on Small Purchases

While premier travel cards with a ton of benefits and cardholder perks tend to offer the most “bang for your buck” in the rewards world, most people could still benefit from a solid, no-fee cash-back credit card. Some cash-back cards let you earn up to 5% back in rotating categories, after all. […]

Join Our Tweetchat on Thursday 1/17 at 12pm PST for a Chance to Win $200 in Prizes!

Join our Tweetchat Thursday, 1/17 at 12:00 p.m. Pacific/ 3p.m. Eastern for lively conversation and a chance to win a $100 Amazon gift card or one of two $50 Amazon gift cards! Use #WBChat and #SaverLife to participate. This week's topic: Tax Refunds! Learn about how many people get refunds, how... […]

Lincoln’s Axe and Frugality

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln I love this quote from Abraham Lincoln. It’s such a clear analogy about the value of preparation. […]

Paring Back: The Power of Minimalism to Tidy Up Your Home and Your Finances

Have you decided that 2019 will be your year of decluttering, minimizing, and consuming less? If so, you’re not the only one. As Becoming Minimalist founder Joshua Becker discovered, the topic is on a lot of people’s minds. Becker’s new book, The Minimalist Home, was released on Dec. 18. Within an hour, Amazon was sold out. […]

What’s the Point of Working Toward Financial Success?

Debbie writes in: Love your blog, but you are too focused on the future. What’s the point of working toward financial success if you’re just going to eventually die? […]

Can a Personal Loan Help You Reach Your Goals This Year?

While it’s hard to measure just how many New Year’s resolutions fail, some studies peg the figure as high as 80%. It’s easy to get pumped up about a new goal for a while, but it’s much harder to change your behavior for the long-term. […]

Ask the Readers: How Do You Save Money at the Movies?

Editor's Note: Congratulations to Nick, Joseph, and Lisa for winning this week's contest! Like everything else, movie ticket prices seem to go up every year. If you don't want to bust your budget on a cinema experience, you need to be more selective — and strategic — about going to the... […]

Questions About Tax Brackets, Compound Interest, Warehouse Clubs, Stamps, 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. Losing faith 2. Thoughts on simple investment strategy 3. Tax bracket question 4. Compound interest question 5. Costco versus Sam’s Club 6. Question about “forever stamps” 7. Investing for near term 8. […]

How to Use Your 529 Plan When It’s Time for College

It’s easy to find advice about saving for college, but what are you supposed to do once your child actually reaches college age and it’s time to spend some of that money you’ve saved? Specifically, how should you handle the money you have in your various 529 savings accounts? Is it best to spend as much as you can all at once? Should you withdraw it more evenly over time? […]

Parent PLUS Loan Equals Another, Older Generation Mired in Student Debt

It appears that the nation’s ballooning student loan debt is not just confined to students. The crisis, as it turns out, also encompasses millions of parents who are Parent PLUS loan holders. […]