Written by
genericfeaturephoto

I was enjoying a rather brazen post at Personal Finance Advice on the topic of the utter simplicity of the basics of personal finance (it’s just spend less than you earn and invest the difference) when this comment, left by “StevenL,” really got me thinking: I think this makes sense to a degree, but in theory what is the point of being rich if your plan is to live well below your means? To save a lot of money, to …

Continue Reading

#16: Deductibles

December 4 2006
Written by

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. Rule #16: When you buy insurance, choose the highest deductible you can afford. It’s the easiest way to lower your premium. I flatly agree with this rule. … Of course, when I look at it again, I realize that …

Continue Reading

This week, The Simple Dollar is conducting a detailed review of radio host Dave Ramsey’s The Total Money Makeover. This book is basically a printed distillation of Dave’s “financial preacher man” style on his radio show. Is there serious meat to be found here, or is it a bunch a fluff around a few small ideas? Let’s find out. This book is basically a distillation of the “Dave Ramsey philosophy” into the form of a self-help book that, in terms …

Continue Reading
Written by

Many people are thoroughly disappointed when, after a couple weeks of blogging, the great unwashed masses of internet users haven’t beat a path to their blog. After a month of hard work, they’re still only seeing a handful of visitors a day – and it’s disheartening. What that person doesn’t realize is that by every realistic web metric, they’re probably already quite successful. They are just looking at the data wrong and have defined what “success” is in an unrealistic …

Continue Reading
Written by

As a big fan of buying in bulk, I’m a card-carrying member of the only warehouse club within thirty miles of my home, Sam’s Club (there’s a CostCo about thirty miles away, but it’s really inconvenient to go there). As I go there on a weekly basis, I thought it might be interesting to write a bit of a travelogue of what a trip to Sam’s Club is like for me and my family. I usually go on late Saturday …

Continue Reading
Written by

As I’ve mentioned before, I am rather timid when it comes to investment risk. I am very very wary about letting others have control of my money, especially when there’s a chance they could lose some of it. Yet I continued to see the astounding rates of return of many mutual funds, and as I slowly watched excess money build up in my emergency fund, I finally decided I needed to do something with it that exceeded even ING’s stellar …

Continue Reading
Written by

I’ve been weighing the positives and negatives of ING’s new Electric Orange checking account, which is now available to some existing ING Direct customers and will be available to everyone in a few months. Rather than repeating what’s already been said, I encourage you to read this fine summary of Electric Orange at The Sun’s Financial Diary. The Positives The Interest For any balance, Electric Orange offers a 3.00% APY interest rate. This means while money is sitting in your …

Continue Reading
Written by

Before you even start to write, you need to think carefully about who you’re writing for. If you don’t know exactly who you’re writing for, you’re not writing for anyone and not many people will visit you. Take The Simple Dollar, for example. When I was thinking about how to start the site, I began to develop a demographic of who would be reading the site, and here’s what I came up with: The average reader of The Simple Dollar …

Continue Reading

I have a problem. I have a sweet tooth that sometimes runs rampant over all rational sense. I especially love ice cream, particularly well-made ice cream that melts smoothly on your tongue… mmm. If I didn’t have to worry about my health or my wallet, I’d probably eat a pint of Haagen-Dazs or Ben and Jerry’s every night, but that’s a lot of sugar and fat I don’t need and a lot of money spent that I don’t need to …

Continue Reading
Written by

I sat down for my monthly financial review recently to see what sort of progress I’d made in the last month. I generally break things down by evaluating my assets, my debts, and then my net worth, and then using these numbers, I attempt to set goals for the coming month. This is a useful exercise for everyone to do, simply so they can keep tabs on their overall assets. Let’s break it down. Assets My assets increased in value …

Continue Reading

Our Featured Contributors