Month: May 2014

Something Will Go Wrong

Last night, I sat down and did a forecast of where Sarah and I will be financially over the next ten years. If our income continues at its current pace, our spending continues at its current pace, our investments continue at their current pace, we have only one autombile cycling between now and then, and …

Categories: Getting Started

Reader Mailbag: Children and Productivity

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. Baby, job change, and move 2. Voting for financial best interest 3. Exiting a mutual fund 4. Biweekly paycheck 5. Selling sports cards 6. Husband’s disastrous …

Categories: Books and Reading

DIY Repairs to Keep Your Car Insurance Rates Low

For More Free Online Car Insurance Quotes, Visit Our Car Insurance Resource Center. After you’ve shopped and scoured for the best discounts, the lowest rates, and the most cost-effective coverage you can find, what else can you do to save money on your insurance premiums? The simple answer harkens back to an old adage: An …

Categories: Uncategorized

How To Lower Home Insurance Costs in a Few Steps

Insurance can be thought of as the expensive but necessary hassle that ensures you aren’t wiped out by an unfortunate series of events. But for those who feel helpless in the face of rising insurance rates, there are some “do-it-yourself” (DIY) actions you can reasonably and safely do around your home in order to reduce …

Categories: Uncategorized

Alternative Medicine and Your Health Insurance

For More Information on Health Insurance, Visit Our Health Insurance Guide In recent years, the number of Americans that use alternative medicine has recorded steady growth. A 2007 survey by National Health Statistics Report found that four out of 10 respondents sought some form of non-traditional medical treatment. However, despite billions of dollars spent annually …

Categories: Uncategorized

Offset Funeral Costs with Life Insurance

Compare Life Insurance by Visiting Our Life Insurance Resource Center. Planning our own funeral or making plans for our own post-mortem is uncomfortable. But, as Benjamin Franklin said, “In this world nothing can be said to be certain, except death and taxes.” It may be easier to avoid confronting mortality by leaving the funeral planning …

Categories: Uncategorized

The Fallback Question

For many people, the interesting career path that they feel most passionate about is one fraught with risk. Entrepreneurship. The creative arts. Professional sports. All of those career tracks – and many more – are ones where success is relatively hard to come by. Let’s say you’re a relatively skilled high school baseball player. You …

Categories: Careers, Education, Family

The Simple Dollar Weekly Roundup: Questionable Weather Forecasts Edition

Last week, the local weather forecasts were predicting a giant winter storm. Some forecasts were projecting as much as twenty inches of snow in our area. We got a total of two and a half inches. Earlier this week, forecasts were projecting a 20% chance of snow for us and, if we did get any, …

Categories: Books and Reading

Denied Health Insurance Coverage? PCIPs Can Help

For More Information on Health Insurance, Visit Our Health Insurance Guide By the Census Bureau’s last count, forty-eight million Americans lacked health insurance. And as treatment costs rise, qualifying for affordable private coverage is only getting harder: Insurers are increasingly cutting costs by limiting or denying coverage to the higher-risk patients that need it most. …

Categories: Uncategorized

Teaching Kids How to Shop Around

Frugality is a toolset that anyone can use to squeeze more out of their dollars, and shopping around is just one of those tools. One of my biggest projects as a parent is to make my children intimately familiar with those tools, not just in terms of “seeing how Dad does it,” but finding ways …

Categories: Family

Renters Insurance: Why It’s Worth It

Being a renter often means having fewer things to worry about. Got a plumbing issue? Call the landlord to fix it. The refrigerator in your rented house stopped working? Call the owners and have them replace it. But what if your apartment gets burglarized? Or, worse yet, suffers smoke damage in a fire? Some renters …

Categories: Insurance

An Example of Dividend Stock Investing

Several people have written to me recently asking me how exactly investing in dividend-paying stocks actually works. I thought I’d walk through this in a step-by-step fashion so that people can see how it actually works. First, a few caveats. Dividend stock investing is something I do with only a small part of our investments. …

Categories: Investing

The Personal Finance Number That Matters the Most

Personal finance is a numbers game. As much as I like to vouch for the “personal” part of personal finance, it’s only half of the story – “finance” is part of the phrase, too. In the end, you’re still looking at the dollars and cents on your paycheck, on your income tax forms, on your …

Categories: Getting Started

Reader Mailbag: Hostage Chess

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. Thoughts on Betterment 2. Swimming pool 3. Free puzzles 4. Evicting a child 5. HSA or FSA? 6. Charitable giving receipts 7. Credit limit increase? 8. …

Categories: Books and Reading

The Fear

Every single time I sit down to write an article for The Simple Dollar, I think of two things. The first thing I think of is how incredibly scared I was when we hit our financial bottom. I had a seven month old baby at home to take care of, one that I was constantly …

Categories: Getting Started

A Deeper Look at the Average American’s Budget

Recently, I came across this wonderful graphic over at The Credit Blog that spells out how the average American spends their paycheck: I actually pointed to a similar graphic a few years ago, but this is a revised one with updated figures. Let’s pull out the data, shall we? An average “consumer unit” in this …

Categories: Getting Started

Four Big Things To Do Today That Will Change Your Financial Situation

Want some action points today that can change your financial situation pretty rapidly? Willing to make a few big changes to your life? Here are four things you can do starting right now to make a radical shift in your finances and set you on a better track. 1. Cancel your cable or satellite service. …

Categories: Frugality

Ten Pieces of Inspiration #114

Each week, I highlight ten things each week that inspired me to greater financial, personal, and professional success. Hopefully, they will inspire you as well. This past week, our family has been talking about places in the world that we’d like to visit. As I often do, I pulled out a bunch of photographs of …

Bulk Buying Versus Overconsumption

I love orange juice. I just love the stuff. When there’s orange juice in the fridge, I am constantly tempted to pull out the container and pour me a glass of it. This is particularly true when the container is mostly full, but when the container starts to get low, I slow down. I know …