The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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The Virtues of a Cheap Wedding

Several readers over the past week have shared a very interesting research article from Andrew Francis-Tan of NUS and Hugo Mialon of Emory University entitled ‘A Diamond is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration, which seems to have received some media coverage recently. […]

Beam Review: Can You Really Earn Up to 4% With This Savings Account?

The average savings account paid out a measly 0.08% in interest as of August 2018, according to the FDIC. That rate isn’t enough to help you build real wealth; it’s not even enough to keep up with inflation. […]

The Battle Against Scarcity

When I was growing up, money was scarce. My father worked in a factory some of the time and my mother was a stay-at-home mom, so even when he was working there wasn’t a ton of money, and when he was laid off… things got tight. My father was a jack-of-all-trades and a pretty good small-scale commercial fisherman on the side, so we managed to muddle through. […]

Why This Professor Says College Is a Waste of Money

In our increasingly uncertain world, there’s still one thing almost everyone seems to agree on: the value of a college degree. […]

What Are the Worst Credit Cards of 2018?

Sometimes card issuers get everything right when they dream up a new credit card and benefit package, but sometimes they get it so wrong it’s almost laughable. […]

Questions About Books, Dogs, Stress, Video Games, 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. Medical debt late in life 2. Three best personal finance books 3. Best use of a raise 4. Books like Wisdom of Frugality 5. Adjusting budgeting methods 6. Annual cost of dog ownership 7. Regular versus Roth? 8. […]

Can’t Afford a Bankruptcy Attorney? This Nonprofit Might Be Able to Help

If your medical or credit card debt is so crushing that your best debt repayment efforts can’t seem to make a dent, it might be worth considering bankruptcy. […]

What Value Are You Really Getting?

The other day, Sarah and I were coming home from visiting some friends in another state. Typically on a road trip, we plan ahead a little and pack sandwiches and beverages for a meal on the road or in a park or something because it’s really inexpensive and filling and easy to do on the road. […]

The Wisdom of Frugality – Final Thoughts

This is the last entry in an eight part weekly series that provides a detailed look at the book The Wisdom of Frugality by Emrys Westacott. If you’re new to the series, feel free to hop back to the first entry. Let’s start off by recapping the other seven entries in this series. What Is Simplicity? […]