One Hour Project

The One Hour Project: Thirty Ways To Use One Hour To Improve Your Finances – And Open The Door To More Riches

Over the last month, I’ve posted a series of “One Hour Projects” – posts intended to describe a task that will take one hour that will either directly improve your financial state or put you in the position to have financial rewards come to you. Here, in a nutshell, are all thirty one hour projects, …

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The One Hour Project: Open A High-Yield Savings Account (And Maybe An Investment Account)

One big thing that you can do that can kick your finances into gear is opening up a high-yield savings account. Many banks now offer online-only savings accounts that offer very nice interest rates, often far exceeding the rates of return you can get from your local brick and mortar bank. HSBC Direct, the online …

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The One Hour Project: Construct Your Debt Snowball (Or Something Like It)

If you’ve gone through even a few of the one hour projects in this series, you likely have some more money in your pocket. Don’t rush out and spend that jingle – instead, use that jingle to repay your debts, even if it’s just a few dollars a month. Understanding the “Debt Snowball” A debt …

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The One Hour Project: Keep An Idea Notebook In Your Pocket

So many times throughout the day, I come up with useful ideas: ideas for saving money, ideas for preparing food, ideas to improve The Simple Dollar, tasks that I need to take care of, and so on. Forgetting these ideas is as good as money lost. They float out of your mind and most likely …

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The One Hour Project: Give Someone A Helping Hand

It’s something so simple that so many of us overlook in our busy lives: stopping to help people out when they need a hand. For the longest time, I would only stop and help out people if it was completely convenient for me – I didn’t really see the point of helping others out if …

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The One Hour Project: Create A Water-Drinking Routine

One of the biggest expenditures in many people’s lives is that of bottled and canned beverages, whether it be soda, sports drinks, or even bottled water. Considering that you can get four gallons of tap water from your tap for a single cent, it’s easy to see that substituting other beverages for this highly inexpensive …

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The One Hour Project: Get Involved In Community Volunteering

One of the things I enjoy doing is getting involved with my local community, though with two children in diapers and my other responsibilities, I don’t get to spend as much time doing it as I would like. When I first started paying attention to city council meetings and looking carefully at ways to volunteer …

The One Hour Project: Conserve Water

One of the most frustrating expenses in our home is the water bill. Even though our rate for water is about $0.0006 per liter, it adds up very quickly. This means that for every 16 liters we use, it costs us a cent. On the surface, that seems cheap, but it adds up very quickly. …

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The One Hour Project: Do Some Preventative Maintenance

Preventative mainentance is a phrase that makes many homeowners’ eyes glaze over. For many busy people, there’s nothing more boring than going around your house doing various tasks that seem to not really be fixing anything. On the other hand, look at the tale of my hot water heater. It’s about ready to go bad …

The One Hour Project: Thoroughly Research A Stock

Regardless of whether or not you include individual stocks as part of your investment plan, having a general idea of how a stock works can be an incredibly valuable piece of knowledge to have. Even for those who only invest via a retirement plan, that retirement plan is usually just a collection of stocks, so …

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The One Hour Project: Go Christmas Shopping At Sale Time

Not too long ago, the local Sears hardware store not too far from where I work went out of business. During their going out of business liquidation sale, I picked up a couple of items that were a stupendous deal merely because they seemed like perfect Christmas gifts for people on my list. Then, I …

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The One Hour Project: Switch Checking Accounts

For a long time, I kept my primary checking at the local branch of a large international bank. Over the years, though, they slowly bled me with lots of little fees here and there: a monthly maintenance fee, a $2 charge on pretty much every ATM use, and overdraft fees that were sometimes triggered by …

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The One Hour Project: Kill The Electricity Phantom

A week ago, one of the One Hour Projects suggested making your home more energy efficient. Those steps reduce the energy that the devices you already have are using, but there’s another major step you can take to reduce your energy use: Eliminating Phantom Power Usage What is “Phantom Usage”? Whenever you leave a device …

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The One Hour Project: Do Some Basic Diet Hacking

No, I’m not going to talk again about eating at home or about how you should skip fast food. Instead, I’m going to talk about a handful of basic dietary things you can do that really, really save money over time. Some have a bit of a startup cost, but they will all save you …

Categories: Food, One Hour Project

The One Hour Project: Enjoy What You Have

About six months ago, my wife and I were going through our DVD collection looking for items to clean out. As we did this, we rediscovered a pretty nice little pile of about twenty five DVDs or so that we deeply enjoyed but had found their way to the recesses of our collection. Rather than …

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The One Hour Project: Price Compare The Things You Buy Regularly

This post is part of The One Hour Project, in which you can spend just one hour to put your finances in a better place without a big lifestyle change, through frugality or other financial choices. A while back, I mentioned how I build my own price book. While this is a great idea, for …

The One Hour Project: Plan Your Meals For One Week In Advance

My wife and I generally plan a week’s worth of dinners at once for several reasons. First, it’s clear to both of us what the dinner plan is well in advance. Second, we’re able to be sure we have everything we need for dinner on hand. Third, it’s way cheaper than even making meals off …

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The One Hour Project: Touch Base With Professional And Local Acquaintances

About once a month, I spend an hour doing nothing else but touching base with a long list of professional acquaintances as well as with people in my local community. To many, I send them an email asking what’s new, give some basic information about what’s new with me, and usually attempt to start a …

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The One Hour Project: Dig Into Your Job Benefits

When I first got my job, I pretty much paid minimal attention to the benefits that were available to me. I signed up for a 401(k), but only put in enough to match. I signed up for the cheap health insurance option. And that was it, even though if I dug around, there were lots …

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