Month: May 2014

Building a Better Blog

Would you like this entire series in a convenient downloadable PDF? Check it out! The Simple Dollar is running a special series on building a better blog. These posts assume that you’re already blogging, that you have a passion for improving your blog’s long term traffic, and that you’ve gone through many of the ups …

Categories: Blogging

20 Tips On How To Survive With Very Little Money

At a certain point in my young adult life, I reached a crossroads of intense poverty. Although I was working and going to school, I literally had no extra money to spare with the engines of tuition, supplies, and rent grinding me down. I lived in a tiny apartment with only running water, a hot …

Categories: Frugality, Meals

Investing For A Child’s Future

As I read Make Your Kid A Millionaire this week, I found myself stunned at the huge amounts of money that the book assumes that you will give to your child. I can swallow a 529, but a Roth IRA for your child? Buying a home for them? These concepts seemed like utter fairy tales …

Categories: Family, Money

Saving Money For A Rainy Day

I have a “rainy day” fund that I don’t include in any of my normal financial calculations. It just sits there, quietly accumulating small deposits and interest. In fact, I don’t even look at the account unless I am considering a major purchase or am coming across dire straits. How is this different from an …

Categories: Money, Saving Money

#14: Paying for College

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much College Should I pay for? Rule #14: Aim to accumulate enough money …

Categories: Education, Money

Make Your Kid A Millionaire: Age Thirteen to Adulthood

This week, The Simple Dollar is conducting a detailed review of Kevin McKinley’s Make Your Kid A Millionaire. This title focuses on the role parents play in building a net worth for their child, both financially and psychologically. Does this book provide some interesting insights, or is it merely a repeat of the power of …

#13: Emergency Funds

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Big Should Your Emergency Fund be? Rule #13: Keep three months’ worth of …

Categories: Money

Make Your Kid A Millionaire: Ages Seven to Twelve

This week, The Simple Dollar is conducting a detailed review of Kevin McKinley’s Make Your Kid A Millionaire. This title focuses on the role parents play in building a net worth for their child, both financially and psychologically. Does this book provide some interesting insights, or is it merely a repeat of the power of …

The Simple Dollar Morning Roundup: New Laptop Edition

I finally bit the bullet and ordered a new laptop. 2.0 Ghz Core 2 Duo with 2 GB RAM, 256 MB video RAM, and a 80 GB hard drive (not counting my external one) should take care of my needs for a long while. Closed Down ING Direct Account Memo to ING: your customer service …

Categories: Books and Reading

Five Questions to Ask Yourself Before Buying a Car (And One After Buying)

If you’re going through the process of buying an automobile (as I am right now), there are many thoughts that are likely to pass through your head – and none of them should involve kicking tires. To avoid being suckered into buying a certain car when you get on the dealer’s lot, it’s a good …

Categories: Automobile

Explaining Simple Interest, Compound Interest, APR, and APY

Recently, my niece was trying to calculate how much money would be in her savings account in six months. She was using the APY as a simple interest rate and thus was coming up with a number larger than what would actually be in her account. It was a small difference, but she seemed to …

Categories: Getting Started

#12: Proportional Savings

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much Should I Save? Rule #12: If you’re not saving 10% of your …

Categories: Money, Saving Money

Make Your Kid A Millionaire: Prebirth Through 6 Years

This week, The Simple Dollar is conducting a detailed review of Kevin McKinley’s Make Your Kid A Millionaire. This title focuses on the role parents play in building a net worth for their child, both financially and psychologically. Does this book provide some interesting insights, or is it merely a repeat of the power of …

Curing Writer’s Block – And Other Mental Blocks

GolbGuru over at Money, Matter, and More Musings recently asked me how I’m able to consistently post so much material on a daily basis and keep it as only a small part of a daily routine. The answer is fairly interesting, and it applies to many aspects of life, not just writing. The biggest aspect …

PayPerPost, Paris Hilton, and Violating the Trust Between You and Me

Recently, I’ve seen several personal finance blogs jump on the pay per post bandwagon. Also recently, I’ve found myself deleting several blogs from my daily reading list. Is there a connection? Of course. The old bromide goes “there’s no such thing as bad publicity,” and it’s never been more true than today. Everyone is aware …

Categories: Blogging

#11: Building Knowledge

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #11: If you don’t understand how an investment works, don’t buy it. The …

Categories: Money

Make Your Kid A Millionaire: Overview

This week, The Simple Dollar is conducting a detailed review of Kevin McKinley’s Make Your Kid A Millionaire. This title focuses on the role parents play in building a net worth for their child, both financially and psychologically. Does this book provide some interesting insights, or is it merely a repeat of the power of …

Ten Personal Finance Sites I Can’t Live Without #10: Ask MetaFilter

The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites …

Ten Personal Finance Sites I Can’t Live Without #9: Make Love, Not Debt

The Simple Dollar is celebrating this weekend after Thanksgiving with a review of ten personal finance sites that I visit every day without fail. These ten sites provide a large helping of food for thought on personal finance topics and my day wouldn’t be complete without the opportunity to visit them. Please, give these sites …