Cashing Out 401(k) To Pay Off Credit Card Debt?

A reader writes in with an interesting scenario: I’m 28 years old and I have two 401(k) accounts, both with about $30,000 in them. At


Seven Ways To Overcome Social Awkwardness That You Can Practice Anytime

I’ve spent most of my adult life working hard to overcome many levels of social awkwardness, from the very basics of having enough courage to


What Does It Mean To Put Away 10% Of Your Salary For Retirement?

A reader wrote in with the following question: I have read in many places that you should maximize your 401(k) contributions. To me it seems


Budgeting In The Era Of Online Bill Pay

Recently, I sat down with my parents and had a lengthy discussion about a lot of financial issues (a separate ball of wax that I’ll


Helping A Teenager Take The First Steps Towards Financial Freedom

Yesterday, I had a very long IM conversation with a young cousin of mine who is in high school and has a pretty lucrative lawn

Review: Automatic Wealth for Grads

Automatic Wealth for Grads was recommended to me by a reader of The Simple Dollar, a college student that I had exchanged several emails with.

I’ve Loaned Money to My Friend and It Is Eating Me Up

I received two emails and comments in the last two days telling basically the same exact story: person lends friend money, friend doesn’t bother ever

What Is A Lot Of Money To You?

A reader recently posed this question to me, and went on to say: I’ve heard “I’m making good money at my new job.” Without numbers


The Cost Of An Item Is More Than Just The Sticker Price

I’m a big believer in the idea that buying a quality product (by quality, I don’t necessarily mean the most expensive – keep reading) is


Comparison Shopping: Comparing The Internet To What’s On Your Store Shelf

For about the last year, my wife and I have purchased several household items in bulk from Amazon. Not only is the shipping free, but


To Clean Or Not To Clean?

Typically, I’m a “do it myself and save money” type of person, but I think I may have just run into a situation where I


How To Become Self-Employed: A Detailed Guide

For many, the demanding grind of a day-to-day job is manageable, but it becomes a psychological grind over time. You find yourself dreaming of something


Eight Free Things That My Family Uses In The Community

Whenever I hear people in my community complain that there’s nothing to do or that everything is so expensive, I wonder whether they even realize


Making All The Right Moves, Yet Still Unhappy

After my recent article about personal finance and happiness, I received the following email from a reader named “Constance”: I’ve always been pretty responsible with


The Art Of Filling An Empty House Without Losing Financial Balance

Early next month, my family and I will be moving into a house with more than three times the square footage of our current tiny

What Aspects Of Personal Finance Bring You Happiness?

Over the weekend, I had a chance to read a truly excellent article entitled Finding the Joy in Frugality at David on Finance. David’s story


Some Thoughts On The 60% Solution

A couple years ago, an extremely influential article entitled A Simpler Way To Save: The 60% Solution popped up on MSN Money. It proposed a

How To Budget Money While Making Debt Disappear

Many of us that have moved to online banking have our regular payments plotted out to be paid automatically, so we don’t have to worry

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