The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 43)

An Iterative Approach to Improving Your Finances (and Your Life)

My previous career (before “freelance writer”) was in software development. I worked in a research lab where I wrote custom software solutions for research scientists who wanted nice interfaces to do basic data mining tasks into a pretty large database of scientific information. […]

Three Ways to Raise Your Credit Score Fast

Building good credit doesn’t happen overnight, and it can take years to establish a solid credit history. […]

Challenge Yourself! 12 Simple Frugal Challenges You Can Do This Week

I’m a big fan of using the 30-day challenge to try out a particular daily routine or behavioral change in my life. It’s a big part of how I view life as being something of an experiment, one in which you’re constantly adjusting and trying new things. […]

Feeling Rich and Feeling Poor

One question that I left out of the mailbag yesterday is this one, from Dana: I find myself oscillating back and forth between frugality and spending recklessly. After a lot of reflection, I think the reason is that when I buckle down with frugality, I begin to feel “poor” after a while. I feel like I’ve intentionally cut myself off of what life has to offer. […]

Cancer Patients Can Now Defer Student Loans Without Accruing Interest

During the height of my three-year battle with breast cancer, a diagnosis that required one dozen surgical procedures, eight months of chemotherapy, and eight weeks of radiation treatment five days a week, I was scraping to get by on disability payments and whatever odd jobs I completed when my energy allowed. Needless to say, I wasn’t saving a dime for retirement during those three years (which i […]

Questions About Checking Luggage, Funeral Expenses, Altruism, Roth IRAs, 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 is wealth? 2. Logistics of multiple savings goals 3. Cost of unexpected funeral 4. Changing goals 5. Shipping items verus checking luggage 6. “Get what you pay for”? 7. Retire early for altruism? 8. […]

Why I Trust Vanguard With My Investments

Whether I’m opening an IRA, brokerage account, or 529 savings account, or I’m simply choosing investments within a 401(k) or other investment account, I have thus far exclusively chosen Vanguard for my personal investments and I almost always recommend that my clients use them as well. To be sure, I’d be perfectly comfortable using accounts and funds offered by plenty of other companies. […]

Walmart vs. Whole Foods: Which Is Cheaper for Organic Food?

Organic foods don’t have to be a luxury, but they aren’t always cheaper in stores that typically offer a discount. It’s been roughly four years since Walmart began pushing organic food at its U.S. stores. […]

From Financial Dependence to Financial Independence in Seven Stages

When Sarah and I first started our financial turnaround, our long-term goals were clear. First, we wanted to buy a decent house to raise our family in and do the best job we could raising our children with the values and skills needed to be independent. After that, we wanted to achieve our own financial independence as a couple as rapidly as possible. Over the last 12 years or so, since we reached […]

Breaking Out of the ‘Cheap’ Cycle

For the longest time, Sarah and I bickered about my socks. I’m pretty hard on socks for some reason. Maybe it’s just my tendency to keep wearing them too long. […]