The Latest

5 Ways Anyone Can Reap the Rewards of Investing

Quite a few readers simply tune out when I mention investments. They don’t believe the topic applies to them at all. “How can I possibly worry about investing when I can barely put food on the table?” they’ll ask. The answer is simple: virtually every single person has the resources with which to begin investing. …

Reader Mailbag #88

Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags. What is your take on the cost …

Categories: Books and Reading

Review: Stop Acting Rich

Every other Sunday, The Simple Dollar reviews a personal finance book. Over the years, I’ve professed a ton of admiration for Thomas Stanley and William Danko’s excellent personal finance book The Millionaire Next Door. It was the first book I reviewed on The Simple Dollar and it’s still one I turn to regularly for ideas …

Categories: Books and Reading

What Is Escapism? How Does It Cost Me?

Marti writes in with a question about the second step of Your Money or Your Life: Step two, and I’m sure you remember, is about figuring out what hourly wage you’re actually earning at your job, once you factor in the commute, clothes for the job, lunch food and fast food, etc. I’m looking at …

Categories: Getting Started, Money

The Simple Dollar Time Machine: November 7, 2009

Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, two years ago this week, and three years ago this week. I call it … …

Categories: Books and Reading

Putting Out the Word

About a year ago, my mother decided to re-do the guest bedroom in her home. Before starting out on the project, she outlined her project to several of her friends, not asking for a single thing beyond advice. The end result? One friend gave her a crib. Another friend gave her a children’s bed. Another …

Self-Responsibility and Money Management

In the past, I’ve strongly advocated for families to introduce their teenagers to financial reality as early as possible. I know that in my own case, I went off to college with almost no idea of how to manage my money and it really showed in the spending decisions I made over the next ten …

Categories: Family

Tips for Getting Started in the Kitchen

I love cooking at home. I used to hate cooking at home, though. I was awful at it. I burnt things. I messed up scrambled eggs beyond all recognition. But over time, I got better at it. I started figuring out lots of little things that made the entire process smoother and made my results …

A Reflection of Your Closest Friends

It’s often said that people are reflections of their five closest friends in many ways: behaviors, income levels, values, and so on. Five years ago, almost all of my closest friends spent money like it was water. They were constantly doing things like playing poker, pushing each other to “one up” the rest with better …

Categories: Getting Started

24 Ways to Save Money Today

A big part of successful frugality is the routine with which you live your day-to-day life. Here are twenty four little things that you can incorporate into your daily routines that just trim a little money away from your spending – and puts it into something more important to you. 1. Brush your teeth. An …

Categories: Frugality