The Wisdom of Frugality – The Pros and Cons of Extravagance

This is the fourth entry in an eight part weekly series that provides a detailed look at the book The Wisdom of Frugality by Emrys Westacott. If you’re new to the series, feel free to hop back to the first entry. What is extravagance? Westacott boils down the term to three distinct meanings. First, extravagance … Read moreThe Wisdom of Frugality – The Pros and Cons of Extravagance

Do Student Loans Help or Hurt Your Credit Scores?

Preparing for college is hard work. You study diligently for the SAT or ACT. You earn the best grades possible so you look good on college applications. You tour campuses, decide where you want to go, and once all of those decisions are made, you agonize over how you’re going to pay for it all. … Read moreDo Student Loans Help or Hurt Your Credit Scores?

Building a better resume

Yesterday at the Financial Careers forum on Reddit, a user named /u/unfoldcareers posted some useful advice for job-seekers. “I’ve reviewed and screened thousands of resumes,” /u/unfoldcareers writes, “and I’m sharing my preferred resume format…along with my best resume advice.” The poster notes that “bad resume format” leads most folks to get little or nor response … Read moreBuilding a better resume

The Quantified Spender: How Keeping Careful Track of Your Spending Behavior Is Valuable

Recently, I attended a community lecture about the idea of the “quantified self,” something I’ve vaguely touched on before here on The Simple Dollar. The “quantified self” simply means that you keep track of information related to yourself in as many ways as possible, ideally in passive ways, and then you use that accumulated data … Read moreThe Quantified Spender: How Keeping Careful Track of Your Spending Behavior Is Valuable

Understanding The Yield Curve: An Economic Predictor

The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the … Read moreUnderstanding The Yield Curve: An Economic Predictor

Strategies for Fighting Frugality Fatigue

While there is no such thing as a “magic formula” for building wealth, living below your means is by far the closest thing. When you spend less than you earn and save the rest, you will build wealth — and savings — by default. And, if you just so happen to invest that money and … Read moreStrategies for Fighting Frugality Fatigue

7 Legit Ways to Get Free Target Samples and Discounts

Many people love shopping at Target. It can be difficult to walk into the store and come out spending less than $100 on your trip. But did you know that you can get free Target samples to help lower the amount you spend at the store? Target used to have a program known as Target’s … Read more7 Legit Ways to Get Free Target Samples and Discounts

Are You Down With OPP? (Other People’s Money?)

Are You Down With OPP? (Other People’s Money?) (Big ups to A. Money for naming this series for us, haha… OPP – clever!) Welcome to Round II of Other People’s Money! Where we blast out juicy numbers for everyone to see, and then include a snapshot on their background for even further ogling perspective 😉 … Read moreAre You Down With OPP? (Other People’s Money?)

The ‘Butterfly Effect’ of Our Financial Decisions

The “butterfly effect” refers to the metaphorical idea that a butterfly flapping its wings on one side of the world can, through a series of chain reactions, cause a hurricane thousands of miles away. I recently learned that the metaphor has its roots in chaos theory, which is an area of study that tries to … Read moreThe ‘Butterfly Effect’ of Our Financial Decisions