Month: May 2014

The Richest Man in Babylon: Buy or Don’t Buy?

What can possibly be learned about modern finance from a book first published in 1926, you ask? What is so worthwhile about The Richest Man in Babylon that causes it to still be in print today? This week, we’ll look closer at this personal finance classic to see what hidden gems are within. As I’ve …

Categories: Books

The Simple Dollar Morning Roundup: Pre-Christmas Bacchanal Edition

As a Christmas gift to my readers and some of my favorite blogs (and bloggers), here are links to twenty of my favorite articles over the past few weeks. Please visit these articles and these blogs to spread some Christmas cheer! As an aside, I won’t be posting regular morning roundups again until 2007 (though …

Categories: Morning Roundup

Building a Better Blog: Social Bookmarking

Most bloggers are familiar with the “Digg effect,” a flood of traffic that comes from reaching the front page of Digg, a popular social bookmarking site (if you want to know more about it, you can see my observations on it). Similar traffic boosts occur whenever a site becomes “popular” in any well-travelled social bookmarking …

Lying About Money – And Telling The Truth

In some ways, most of us lie about money. We create an appearance to others of having more than we do in order to build up a level of respect. We drive more expensive cars than we can afford, buy more expensive clothes than we can afford, and more expensive accessories than we can afford …

Buying A Bottle Of Wine And Don’t Know What To Get? Some Tips For Selecting A Good, Inexpensive Bottle

Many people like to enjoy a bottle of wine with a meal, but have no idea how to select an appropriate and inexpensive wine for the occasion. I know I went through years of picking wines, even spending a lot on occasion, and regularly picking something completely inappropriate and often bad. Because of this, I …

Categories: Food, Frugality

Defining My Financial New Year’s Resolutions – And Their Action Plans

A few days ago, I discussed why so many New Year’s resolutions fail: it comes down to excess resolutions and a lack of a realistic plan filled with milestones. With that in mind, I have defined three resolutions for the coming year, along with plans for being successful in following these resolution. I resolve to …

Categories: Planning, Psychology

The Five Greatest Financial Board Games #2: Acquire

To celebrate the week before Christmas (and give you a few great last minute gift ideas), The Simple Dollar is reviewing five board games that not only are a blast to play, but teach valuable financial lessons as well. All of these games should be easily found at a department store or a gaming specialty …

Categories: Games, Gifts

The Richest Man in Babylon: Other Tales

What can possibly be learned about modern finance from a book first published in 1926, you ask? What is so worthwhile about The Richest Man in Babylon that causes it to still be in print today? This week, we’ll look closer at this personal finance classic to see what hidden gems are within. During the …

Categories: Books

The Simple Dollar Morning Roundup: Done With Christmas Shopping Edition

Finally. Done. Let’s read some posts! Living Paycheck to Paycheck: Reality vs. WTF? The consumerist mentality is to spend what you earn, no matter what. If you’re making minimum wage or you’re making $150,000 a year, it doesn’t matter; society encourages you to spend it all. And that’s sad. (@ it’s just money) An Unanticipated …

Categories: Morning Roundup

Building a Better Blog: Don’t Chase Away Your Readers

Recently, I visited a very interesting blog that focused on personal finance and political issues targeting twentysomethings. The author had a very distinctive voice and he clearly had his audience defined, yet there was still one problem: he was often posting things and making statements that were going to drive away a big part of …

Ted’s Dilemma: Planning For The Future On Minimum Wage

Recently, I had a conversation with a reader named Ted. Ted works a full time minimum wage job and still manages to live in his own apartment, but unsurprisingly, he feels like he’s not getting anywhere financially. He had a pretty valid complaint about The Simple Dollar, that I write very little that applies to …

Categories: Advice, Planning

Extra Mortgage Payments Versus Investments: Which Is The Right Move?

As my wife and I begin the process of finding and buying a home, we repeatedly find ourselves investigating various aspects of home ownership. Right now, we’re in a situation where we are able to save and invest far more each month than we will be spending on a home mortgage in the price range …

Categories: Housing, Investing

Blogging and Money: Six Trends For 2007

This entry was written as a part of the Reviews and Predictions group writing project at ProBlogger.net. As always, The Simple Dollar is looking to put a personal finance spin on things. Over the past several years, blogging has grown from a passionate hobby for a few energetic souls into a lucrative business for some …

Categories: Blogging

When Is Frugal Living Taken Too Far?

MSNBC ran a story yesterday on a group of friends in San Francisco that is living entirely on second-hand material (except for food and very basic toiletries). The article is an interesting piece, as it seems to positively profile the group while adding in a few backhanded compliments. These 10 friends vowed last year not …

Categories: Frugality

The Five Greatest Financial Board Games #3: Modern Art

To celebrate the week before Christmas (and give you a few great last minute gift ideas), The Simple Dollar is reviewing five board games that not only are a blast to play, but teach valuable financial lessons as well. All of these games should be easily found at a department store or a gaming specialty …

Categories: Games, Gifts

The Richest Man in Babylon: The Five Laws of Gold

What can possibly be learned about modern finance from a book first published in 1926, you ask? What is so worthwhile about The Richest Man in Babylon that causes it to still be in print today? This week, we’ll look closer at this personal finance classic to see what hidden gems are within. Another story …

Categories: Books

The Simple Dollar Morning Roundup: Lindsay Lohan Mystery Edition

Someone please explain to me what Lindsay Lohan has to do with The Simple Dollar. Anyway… on with the personal finance goodies. What If You Have No Credit Card History? My advice to this young man is to get a secured credit card and spend the balance on groceries. The card can’t be used if …

Categories: Morning Roundup

Building a Better Blog: The Mini Audience

Once you’ve figured out who your audience is, it becomes much easier to determine whether or not content is appropriate for your site. The simple question of whether or not it appeals to this group is enough to decide whether or not it should be posted on the site. Obviously, if your audience is broad, …

The Simple Dollar’s Detailed Tipping Strategy

Inspired by Personal Finance Advice’s discussion of tipping, I felt that it was appropriate to discuss my own strategy for tipping, which revolves around one simple tenet: good service is the reason for tipping. I also don’t like to multiply on the fly in restaurants, so I use a strategy that minimizes the need to …

Categories: Eating Out