Month: May 2014

31 Days To Fix Your Finances: A Wrapup

Would you like to download this entire series all at once in a handy PDF format? During the month of January, The Simple Dollar has been running a series entitled “31 Days To Fix Your Finances,” a series of activities that can enable anyone to improve their financial status by centering your financial life around …

Categories: Money

Financial Independence Week: Should I Expect My Parents To Rescue Me?

For many young people, one of the biggest fears of financial independence revolves around what happens in the event of a disaster. Should you expect to be able to move back in if something goes awry? Will they provide financial assistance? Or are you on your own? Although it is best to expect no assistance …

31 Days To Fix Your Finances, Day 31: Keeping It Up

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. Now that the end of the month has come, one final challenge remains: how does one keep up the momentum once you start with it? The day to day challenges of life …

Categories: Money

Financial Independence Week: Should I Rescue My Children?

As a parent, there is a strong likelihood that at some point, your child will fail at their goals during young adulthood. Their situation may even become dire, and as a loving parent, you may feel a very strong desire to jump in and rescue your child. Before you do that, consider the following advice: …

The Automatic Millionaire: The Latte Factor

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. Yesterday, we discussed Bach’s “pay yourself first” concept, in which an individual should put money away for their future before considering any …

Categories: Books and Reading

Remember The Milk!

I usually don’t wax ecstatic over nifty websites, but this one has become not only a tremendous timesaver for me, but has also managed to help me save a good deal of money. It’s called Remember the Milk and it’s basically just an online list manager – but it does that list management so well …

Financial Independence Week: Handling Independence For The First Time

That moment when you are left without financial support for the first time can be a scary one, and it can lead to a lot of complex emotions (fear, resentment, anger, sadness) that can lead directly into irrational behavior. This is a time of independence and freedom, a time to step forward and walk on …

Categories: Money

31 Days To Fix Your Finances, Day 30: Live What You Love

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. If you’ve followed this plan all the way to this point, congratulations. Even if you’ve chosen to not follow every point, you have at least spent some serious time evaluating your finances …

Categories: Money

Financial Independence Week: When And How To Cut Direct Financial Ties

For some, deciding when to cut financial ties is easy. In my situation, it was the day I left for college: other than birthday and Christmas gifts, I was basically on my own after that (though my mother would irregularly send me small amounts of cash with the purpose of “going out and having fun” …

Categories: Family, Money

The Automatic Millionaire: Pay Yourself First

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. The first portion of the book focuses on the “pay yourself first” concept, which basically boils down to putting away investments for …

Categories: Books and Reading

Leveraging The Borders Rewards Program For Solid Savings On Entertainment Purchases

Please note that the Borders Rewards program has changed significantly since this was written. I leave this post up as a primer to demonstrate that customer rewards programs can be quite financially lucrative. It has been repeatedly shown that purchasing books online is substantially cheaper than buying books in brick and mortar bookstores, and for …

Financial Independence Week: Talking With Parents About Money

Earlier today, I discussed methods for parents of young adults to talk to their children about money. Now, I’m going to tackle the opposite direction: how can a young adult (a college student or a young professional) discuss financial matters with their parents? Many college students dread talking to their parents, mostly because they believe …

31 Days To Fix Your Finances, Day 29: Paying Cash

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. There is one final point that merits discussion before we close out this month, and that is the logic behind paying cash for any purchases smaller than a home purchase. This includes …

Categories: Money

Financial Independence Week: Talking To Adult Children About Money

Many of my friends during my college and early post-college years were swimming in debt, some of them to the point of being scared to open the mail. Whenever I would suggest talking to their parents or guardians about it, their faces would freeze with an additional layer of fear, as though it was the …

The Automatic Millionaire: Overview

This week, The Simple Dollar takes a look at David Bach’s The Automatic Millionaire. I enjoyed Bach’s earlier book, Smart Couples Finish Rich, but will I like this one, too? Let’s find out. The sensational title of this book is a big eye-cather when you see it on the shelf. In fact, this book was …

Categories: Books and Reading

The Simple Dollar Giveaway #3: Jim Cramer’s “Mad Money”

To celebrate three months of The Simple Dollar (it’s a quarter of a year old!), I’m giving away a copy of Jim Cramer’s Mad Money! This is Jim’s newest book and is fresh off the presses; it’s currently #25 in sales (as I write this) among all books at Amazon.com, and I’m giving it away! …

Categories: Books and Reading

Ten Books That Changed My Life #2: Atlas Shrugged

Atlas Shrugged Ayn Rand Changed my life in October 1994 I spent my high school years reading approximately two books a day, many of them quite lengthy. I eschewed having a lot of friends then because, well, I simply had no interest at all in most of the high school social games. I generally kept …

Categories: Books and Reading

Five Sources For Great, Inexpensive (Often Free) Entertainment In Your Neighborhood

Recently, my wife and I have come to appreciate the huge amount of free community activities and entertainments available in our town. We used to find such things to be “lame,” but quite often that was a result of not knowing the huge array of things that were available to us and also a basic …

Categories: Entertainment, Meals

31 Days To Fix Your Finances, Day 28: Preparing For The Inevitable

The Simple Dollar offers a month-long plan for fixing your finances. All you need is an open mind and an hour each day. Today, we’re going to talk about planning for your passing in the form of a will or a trust, something that many people haven’t done. The truth is that it’s not something …

Categories: Money