writing out numbers

Just like there are many ways to get into debt, there’s more than one way to dig yourself out. Where some people focus on the debt snowball or debt avalanche methods, others might transfer high-interest balances to a 0% credit card, sell possessions to raise cash they can use to pay down debt, take on a part-time job to speed up the process — or some combination of all these methods. Any of these strategies can work wonders for your finances …

Continue Reading
Written by

Did you have a summer job as a teenager? If you were in high school between 1974 and 1994, chances are you did, according to a 2015 study by Pew Research. More than half of 16- to 19-year-olds held a summer job in those years. But as iconic as it may be, the summer job is slowly becoming a thing of the past. Pew notes a sharp drop in teen employment that began with the 1991 and 2001 recessions and was followed by an even …

Continue Reading

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. Jim Rohn on finding a way “If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.” ― Jim Rohn The important thing to remember with a quote like this is that Rohn is referring to things that are …

Continue Reading

One of the most common questions I’m asked by readers concerns the order in which they should start paying off their debts. Usually, they’ll list several debts and then ask me to tell them the order in which they should strive to pay them off. I usually tell them that it’s not quite that easy. First of all, they usually haven’t taken basic steps to reduce their debts. Have they consolidated their student loans? Have they done any zero-interest rate …

Continue Reading

I recently had a conversation with my aunt about my 8-year-old cousin, who is a stud baseball player. The demands that come along with being a good athlete at a young age are starting to add up. His coaches encourage him to get private trainers, join better leagues, and start playing year-round. My aunt was looking for advice because she knows I went through a similar experience with basketball at about the same age. What would I have done differently? …

Continue Reading

Once a week, I go to a community board game night held in an open meeting room that’s conveniently next door to a local board game store. (In fact, that store is the reason they use that location for the community game night… imagine that!) While there’s nothing for sale in the actual meeting room, many people will actually “meet up” beforehand in the game store because, frankly, it can be kind of boring if you’re the first person to show …

Continue Reading

With interest rates hovering near all-time lows, we see commercials and ads for home refinancing all the time. By choosing a new loan with a lower interest rate and better terms, the experts say, you can lock in a lower monthly mortgage payment, extend or reduce your loan’s term, and pay less in total interest. While it isn’t advertised to the same degree, you can usually score a similar deal with your student loans. Through any number of highly reputable banks or lenders, …

Continue Reading

Help or Hard Work?

June 2 2016

One interesting challenge of being a personal finance writer with a popular website like The Simple Dollar is that I get a lot of feedback from readers, both by email and on social media, particularly from my personal Facebook page. Ninety-five percent of the feedback I get is positive – people thanking me for a particular article I’ve written or how reading a lot of my articles brought about some positive change in my life, and I’m very humbled by that. But …

Continue Reading

Most people have at least one family member who seems to know it all. They’ve got a snazzy saying for everything, an endless stream of cheesy advice, and a few catchphrases they roll out when the time is right. Perhaps they learned their old adages from a wise family member in their own lives, or maybe they read their oft-repeated advice in a good book and really took it to heart. Either way, it can be both funny and annoying, …

Continue Reading

Several years ago, I wrote a really popular article entitled Everything You Ever Really Needed to Know About Finance on the Back of Five Business Cards. It was shared on countless social media feeds and resulted in a bunch of media interviews and even some discussion about writing a book with that framework (I couldn’t make a full book-length manuscript work, so instead I just gave away the “book” that I was working on (it’s not exactly book length, but …

Continue Reading

Our Featured Contributors

Simple Share Buttons
Simple Share Buttons