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Emergency Funds on the Path to Financial Independence

One of the first things that’s recommended for people as they start on their journey toward financial recovery is to build an emergency fund. The reason is simple. An emergency fund is simply cash held in a savings account that you can tap when a life emergency happens – like an unexpected death in the …

Separating Obamacare Facts From Fiction

Chances are you already have a strong opinion about Obamacare — and you’re not alone. The one consistent factor since Obamacare was passed and signed into law is that most people find the law confusing. Much of that confusion is driven by misinformation and misunderstanding. We’ve gathered some of the most common ones here. I’ll …

Categories: Health, Insurance

Hobbies on the Path to Financial Independence

Let me start off by describing several hobbies I’ve enjoyed over the years. It’s not a secret that I’m an avid reader. Once upon a time, I had a large collection of books that I’d purchased in various places. Some of them were cheap as they were bought at secondhand stores or acquired via Paperbackswap. …

Questions About Watches, LEDs, Bad Tenants, Chapter Books, Freelancing, and More

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. LED versus LCD televisions 2. Handling surge of freelance income 3. Why retire early? 4. Handling a disastrous tenant 5. Buy it for life: watch 6. …

Categories: Reader Mailbag

15 Ways to Deal with Student Loan Debt

Dealing with student loan debt is tough. You’re probably no stranger to the student loan crisis we’re facing with $1.2 trillion and growing in debt. The average student will graduate with a whopping $40,000 in student loans, but for those who pursued graduate or higher degrees, switched majors, or went back to school, that number …

Inspiration from Gillian Welch, John Steinbeck, Kurt Vonnegut, and More

Once a month (or so), I share a dozen things that have inspired me to greater personal, professional, and financial success in my life. I hope they bring similar success to your life. 1. Colin Grant on being the son of a difficult father From the description: Colin Grant has spent a lifetime navigating the …

The Affordable Care Act and You

The Patient Protection and Affordable Care Act, commonly referred to as Obamacare or the Affordable Care Act was signed into law on March 31, 2010. The goal of the Act is to make affordable health care accessible to all Americans. The Congressional Budget Office estimates that once the ACA is fully implemented 94 percent of …

Categories: Health, Insurance

When Should a Person Start Social Security Benefits?

Whether I like it or not (and I most certainly don’t like it), my parents are growing older. My mother is getting close to the age where she will begin to be eligible for Social Security benefits and my father is already there with his benefits already unlocked. Naturally, one of their biggest questions is …

Categories: Retirement

Special Announcement From The Simple Dollar Team

Dear Readers of The Simple Dollar, I’m writing to you today to inform you of some improved changes that you’ll see coming to the site very soon. I ask that you please take a few minutes to read this to ensure that you get the most value from our site in the future. Here’s a …

Categories: Uncategorized

Fifteen Things I Skimp On

A couple of days ago, I posted a list of fifteen items I don’t skimp on. That list mostly consisted of extremely heavy use items and maintenance of my health and my most expensive purchases (homes and automobiles). So, what do I skimp on? In truth, I skimp on a lot of things… but they’re …

Categories: Frugality