The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 3)

Questions About Retirement Contributions, Umbrella Insurance, Kanopy, Washer Balls, 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. What should I contribute? 2. Investment income and savings rate 3. Systems versus goals 4. Amazon Prime? Hulu? Netflix? 5. Young people renting everything? 6. Umbrella insurance for average person 7. […]

Amica Auto Insurance Review

Amica auto insurance offers policies consumers can customize to meet their coverage needs. Once you apply for a quote online or begin working with an agent, you can choose among several coverage limits, deductibles, and add-ons that fit with your lifestyle and help you sleep better at night. […]

Seven Things Not to Skimp on When Building Your Emergency Fund

Establishing an emergency savings account to cover life’s unexpected expenses is an important, if not critical, part of a solid financial foundation. The prevailing wisdom among personal finance experts has long been that one should have at least three to six months of living expenses set aside. While reducing household spending is a popular way to reach that goal (and a good habit in general), ex […]

Feeling Good, Feeling Bad, Feeling Broke

At some point about three years ago, I was browsing a self-improvement book at the library, just leafing through the pages. […]

When Net Worth Calculation Fails You

Megan writes in with a great question: As per your earlier suggestions, I have been using net worth to track my financial improvement over the last five years. The spreadsheet shows a nice monthly upward trend almost every month. But this month I noticed an interesting problem. My net worth went down even though I was spending a lot less than I earn. […]

How Consolidating Credit Card Debt Impacts Your Credit Score

When it comes to credit cards, your best bet is always to pay your balance in full every month. Unfortunately, that’s not always possible. Sometimes life happens and people make mistakes when it comes to managing their credit card accounts. […]

The Three Questions Revisited

Your Money or Your Life by Joe Dominguez and Vicki Robin was the book that spurred my financial turnaround. At the very moment when I was realizing I needed to do something drastically different in my life with regards to my finances, this book was the first one that I happened to read from the pile of books that I checked out from the library, and it changed my life. […]

The Easiest Way to Meal Prep That I’ve Found

Over the last few years, I’ve done a lot of experimentation with meal prepping, with the goal of having lots of home-cooked meals in the freezer that I can pull out at a moment’s notice. I’ve tried all kinds of different things, sometimes successful and sometimes a complete failure and often in between. […]

Financial Goals and the Arrival Fallacy

When I was an undergraduate, I had a dream of getting a job doing the kind of data mining that I was really interested in. I had a wonderful mentor that lit a deep interest in the subject under me and I wanted to do it for the rest of my life. Things will be good then, I thought. […]

How Car Insurance Can Save Your Retirement

Your auto insurance does more than safeguard you while you drive. It can also protect some (or all) of your savings, including your retirement. But only if you have enough coverage. If not, you could lose a big chunk of your retirement in the event of a serious at-fault accident. […]