Month: May 2014

#7: Stock Portfolio

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 Invest in Stocks? Rule #7: To figure out what percentage …

Nickel and Dimed: Serving in Florida

This week, The Simple Dollar is conducting a detailed review of Barbara Ehrenreich’s Nickel and Dimed. This title is a bit of an unusual choice for a review of personal finance books, as it details an educated and affluent woman’s attempt to get by while working at low-income jobs. Can we learn anything from this …

Categories: What We're Reading

The Simple Dollar Morning Roundup: Infant Fever Edition

My son has a 102 degree fever and is sleeping fitfully. I can’t sleep, so it’s time to read a bit of personal finance news! ING Direct: The Dark Side of Online Banking The lesson learned here is that if you use an internet bank, you should consider using the internet to access that account, …

Categories: Morning Roundup

Making A Simple Budget – A First Timer’s Guide

There are a lot of people in Generation Y that have never actually attempted to make a budget and have never experienced the usefulness of seeing all of your income and expenditures on a single page. Here’s a step-by-step guide to preparing a budget using only free tools. First thing, learn how to use a …

The Simple Dollar’s Favorite Charity: The Child Abuse Prevention Center

No Credit Needed requested that the personal finance blogging community create posts about their favorite charities. As Thanksgiving draws near and Christmas approaches, there’s no time better than now to talk about my favorite charity, the Child Abuse Prevention Center. The Child Abuse Prevention Center of Dallas County, Texas works tirelessly and effectively to help …

Categories: Charity

Facing My Financial Fears: Buying A Car

This week, The Simple Dollar is doing a five part series on financial topics that scare me just a bit. Researching and then writing about them will (hopefully) alleviate some of that fear. Purchasing a car is a significant financial move for many of us. It’s almost traditional to visit several dealerships, select one, and …

Categories: Automobile, Shopping

#6: Long-Term Investments

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 Should I Invest My Long Term Retirement Assets? Rule #6: All else being …

Nickel and Dimed: Overview

This week, The Simple Dollar is conducting a detailed review of Barbara Ehrenreich’s Nickel and Dimed. This title is a bit of an unusual choice for a review of personal finance books, as it details an educated and affluent woman’s attempt to get by while working at low-income jobs. Can we learn anything from this …

Categories: What We're Reading

The Simple Dollar Morning Roundup: New Laptop Edition

My old computer finally gave out on me, so it’s time to buy a new one. My wife has decreed that it shall be a “desktop replacement grade” laptop. This should be fun. On to the latest personal finance news… Milton Friedman’s Last Act: End Marijuana Prohibition Ignoring any social discussion (not really my forte), …

Categories: Morning Roundup

Saving on Home Decor: Self-Matted Photography

I have always sought to have tasteful home decorations with minimal cost; I want my home to appear comfortable yet not cheap to guests. It took me a long while, but I came to understand that the most effective home decorations came from my own heart. Given that my level of artistic talent is not …

Categories: Decor, Frugality

Know Someone In Financial Armageddon? Seven Pieces of Advice

When I found myself deep in financial meltdown, I threw myself into learning as much as I possibly could about personal finance. I was quite scared of losing everything that I had because I had dug myself in such a deep hole, yet it was my personal nature that I didn’t talk to anyone about …

Categories: Getting Started

What’s Wrong – And What’s Right – With Wesabe

On Friday, Wesabe was launched to the public. For those unaware, Wesabe is a community-based (meaning similar to flickr or 43things) personal finance site that allows people to track financial information and share money ideas. From their extensive: Wesabe is a community of people who share our experiences with our money so we can help …

Categories: Computers, Software

The True Cost of Generic Diapers

Before our son was born, we had a baby shower in which we asked everyone to bring a small package of a different kind of diaper in newborn and stage one sizes. We actually made a list of them, giving the harder to find ones to closer relatives and the easier ones to more distant …

Minimizing the Personal Cost of Business Travel

When I was employed early in my career, I did a significant amount of traveling, both domestic and internationally. Over time, I began to discover that I could often come out substantially ahead on the costs of travel with a bit of planning and foresight. Here are some of the lessons I learned that put …

Categories: Travel

Using a Credit Card Bonus Program As a Purchase Tool

Recently, I’ve begun using a credit card with a useful bonus program as my tool for making small, regular purchases. I did this after finally climbing out of a significant hole of credit card debt, reaching a zero balance on every one of my cards. When I began using the card for this purpose, I …

Categories: Credit Cards, Planning

Review: The 9 Steps To Financial Freedom

The overall point of The 9 Steps to Financial Freedom is laid out clearly on the very first page of the book. The premise of the entire book is that conquering fears is the key to financial freedom. In other words, most of the limiting factors to financial success exist in the walls we’ve built …

Living on Half Your Monthly Income: Could You Do It?

Here’s an interesting mental exercise that grew out of a community dinner the other night. Would you be able to make do with half of your current monthly income? It’s not as obvious of a question as you might think, so just take a minute and imagine yourself with half of your current monthly income. …

Building A Better Blog: An Addendum

Recently, I’ve had the distinct pleasure of enjoying two exceptional resources for building a successful blog. Pro Blogger’s 31 Days to Building a Better Blog is an absolutely stellar collection of articles on the topic of building a successful blog of any kind. If you’re really serious about making a blog work, every article here …

Categories: Blogging

How To Buy Cool & Cheap Christmas Gifts and Save Money

Now that the Christmas shopping season is upon us, many of us are wondering what on earth we should get for people in our family. “What do I buy for my ultra-trendy teenage niece?” you might be wondering, or “How can I get something that will wow Uncle Ron without breaking the bank?” Interestingly enough, …