• The Saving Collective

    Recently, I read a wonderful article in The Atlantic entitled How the Other Half Saves: Financial Planning on $2 a Day. The article focused on the financial planning practices of individuals in other nations who earn very little – in some cases, as little as $2 a day. One might think that the life stories …

  • Switch to Only Using Cash and Checks for a Year (123/365)

    One of the biggest mental tricks that credit cards (and debit cards, for that matter) plays on our minds is that they make the use of money very abstract. It is incredibly easy to forget that the plastic you’re using when making a purchase actually represents money that you’ve had to work very hard to …

  • Reader Mailbag: Free Will Donations

    What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. What’s really needed for baby? 2. Where is Fringe headed? 3. Retirement savings or house purchase? 4. Cleaning house 5. Frugality and awareness 6. Budgeting for …

  • Resist Temptation to Use Your Credit Card Once You Pay It Down (122/365)

    For a lot of people, debt is a cycle. They’ll spend themselves to the breaking point, watching their credit card balances surge. Then, once they reach a point where they are having difficulty paying their bills, they cut back and start living frugally for a while until the credit cards are under control. After that, …

  • 6 Simple Ways to Avoid Burnout

    Studies estimate that stress costs US businesses up to $300 billion dollars in lost productivity each year. In the wake of such statistics, there is beginning to be a larger discussion about burnout, which is essentially when stress and pressure (often in the workplace) have become so great that overall quality of life and quality …

  • The Simple Dollar Weekly Roundup: Rain and Sports Edition

    One of the big challenges of outdoor youth sports is dodging the inevitable spring rainfalls. We’ll have a practice or two and I’ll see some real improvement with the children I’m coaching. Then, we’ll have some rain and be forced to miss a practice and a game and then the next time I see them, …

  • Confront the Credit Card Companies (121/365)

    For most people, the debt that really tips things from a manageable situation into a very challenging one is credit card debt. Credit cards are incredibly easy to acquire and incredibly easy to use without a second thought. Often, people can rack up hundreds of dollars in debt before ever seeing a single bill. The …

  • Cutting Down the Options

    When a person signs up for their 401(k), they’re often hit with an onslaught of options. What percentage do they want deducted? Which of these fifty different funds do you want to put your money into? Or do you want to split your money among different funds? The documentation that many people get for their …