The Simple Dollar

Simple, applicable personal finance advice for the modern world.

Profile of The Simple Dollar

Latest Posts from The Simple Dollar (page 3)

12 Enjoyable Hobbies That Can Actually Save You Money

I am a strong, strong believer that the good life involves having some time that you’ve set aside for leisure activities that you do solely for personal enjoyment and personal enrichment. […]

The Power of Inaction: How to Get Ahead by Doing Nothing

I recently learned an amazing fact: During the height of the Cold War, a Russian military officer named Stanislav Petrov got an alert on his computer that the United States had launched a nuclear weapon at Moscow. Petrov was in charge of launching a nuke back at America should Russia feel threatened — and at that moment, he had every reason to do so. […]

What’s Keeping You From Being Happy?

Somewhere between 30% and 35% of Americans identify themselves as being “happy” with their life, according to recent polling by Harris. That means that somewhere between 65% and 70% of Americans are actually unhappy with their life. Why is that? Naturally (given that this is The Simple Dollar), my eye turns to finances. […]

Should You Consolidate Your Retirement Accounts?

If you’ve been saving for retirement for a number of years, all the while advancing in your career and moving between jobs, you might have a number of different retirement accounts spread out across a number of different companies. Managing all of those accounts can get confusing. […]

Our Experience Cutting the Cord and Eliminating Cable Television

Last month, my family decided to eliminate our cable service. We had already disconnected it from our television for a trial run and learned that we could easily live without it. Given that, we just chopped that bill out of our life. Let’s get caught up on the full story of our use of cable television over the last several years. […]

Income Share Agreements: A Fairer Way to Pay for College, or a New Debt Trap?

New York University recently made headlines with its bold announcement that it will offer free tuition for all medical students. The school intends to begin covering the tuition of such students regardless of merit or need, because it’s concerned about the “overwhelming financial debt” graduates are saddled with. The move was lauded as a step in the right direction at a time when the cost of atten […]

Questions About Sabbaticals, Side Gigs, iPad Uses, 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. Afraid to invest in 401(k) 2. Cutting off child 3. Musings on a difficult house 4. Sabbatical and job risk? 5. Sharing Simple Dollar information 6. NY Times on early retirement 7. […]

Seven Renovations That Could Backfire and Hurt Your Home’s Value

If you live in an area where homes are selling like hot cakes, you may be feeling exceptionally confident in the value of your property. And as a result, you may be considering a home upgrade you’ve been dreaming of for years. Perhaps you want to add a pool, or maybe you want to add more square footage to your home. […]

Inspiration from Yo-Yo Ma, Benjamin Franklin, Brene Brown, 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. Mark Epstein on talking to your past self “It’s one of my theories that when people give you advice, they’re really just talking to themselves in the past.” — Mark Epstein I can certainly vouch for this. […]

When Is It Time? (and Other Hard Questions About Retirement)

Jim writes in: How do you know when it is time to retire? Also how should you invest in retirement? Advice seems to be to go more conservative with investments but what if you’re retired for a long time? Jim is actually an old friend of mine who has read The Simple Dollar almost since its inception. […]