The Simple Dollar

Simple, applicable personal finance advice for the modern world.

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Latest Posts from The Simple Dollar (page 47)

Why Women Should Invest and How to Get Started

Lately, women hear a lot about gaps: how to combat the gender pay gap, how to avoid a resumé gap when you take time off to raise children, whether or not a thigh gap matters (it doesn’t). One “gap” that isn’t discussed enough is the gender investing gap. Women Are Less Likely to Invest Than Men, and That’s a Problem. According to Ellevest, an investment platform created by women for women, “of all […]

Questions About Camping, Potlucks, Allergies, Kindles, 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. Finding time for home cooking 2. The “perfect” potluck dish? 3. Free campsites? 4. Receipts and renters insurance 5. Sell house or rent it? 6. Advice for shut-ins? 7. Portable office? 8. […]

Questions About Camping, Potlucks, Allergies, Kindles, 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. Finding time for home cooking 2. The “perfect” potluck dish? 3. Free campsites? 4. Receipts and renters insurance 5. Sell house or rent it? 6. Advice for shut-ins? 7. Portable office? 8. […]

Don’t Repeat These Five Mistakes Boomers Made on the Road to Retirement

As a generation that famously came of age amid postwar prosperity, baby boomers experienced a level of wealth and opportunity largely unheard of by their parents or grandparents. All of that wealth, however, has not necessarily translated into being financially prepared for retirement. According to research from Legg Mason, the average baby boomer has saved less than half of the $658,000 they thin […]

Should You Buy a Duplex, Rent Out One Unit, and Live in the Other?

Investing in real estate can be a smart move, but that doesn’t mean this wealth-building strategy is attainable for everyone. […]

Balancing Humility and the Credit You Deserve

I was lucky in that, late in my collegiate life and early in my professional life, I had a few mentors that gave me some amazing career advice that helped me to find a great job during the 2002 recession, springboard that to an even better job, and set myself up for a lifelong career path in that field (I chose to change career paths for other reasons unrelated to their great mentorship). Two of t […]

Balancing Humility and the Credit You Deserve

I was lucky in that, late in my collegiate life and early in my professional life, I had a few mentors that gave me some amazing career advice that helped me to find a great job during the 2002 recession, springboard that to an even better job, and set myself up for a lifelong career path in that field (I chose to change career paths for other reasons unrelated to their great mentorship). Two of t […]

Is It Cost-Effective to Replace Your Refrigerator Today?

James wrote to me with an interesting question: My neighbor recently replaced his 20 year old fridge that was still working just fine. According to his math he would actually save money over the next few years by replacing it rather than letting the old one sit. Is that possible? […]

The Wisdom of Frugality: Why Simple Living Is Supposed to Improve Us

This is the second 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. There is an underlying thread, both in philosophical writing and throughout history, that living a simple and frugal life is meant to improve us. […]

Problems That Can Haunt Your Credit Forever

Your credit reports are going to change over time, that’s as certain as death and taxes. New information is added, old information falls off, accounts get older, and your payment history and balances can vary as often as monthly. […]