30 Money Saving Tips

Posted by Madison on June 29, 2015

My Dollar Plan readers have lots of great ideas when it comes to saving money. I asked readers to share their money saving tips. The responses were terrific! One of my favorites is Brian’s idea to wait at least 30 days before making major purchasing decisions. There are so many times when I decide I […]

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How to Calculate Your Net Worth

Posted by Don on June 22, 2015

Your net worth is a great (and important) number to understand. It is a snapshot in time showing you how well you are doing financially. The good news is that it is rather easy to calculate too. All you need is a sheet of paper (or a spreadsheet) and some information about your finances. Even […]

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35 Best Personal Finance Books

Posted by Madison on June 17, 2015

Five years ago My Dollar Plan readers shared their favorite personal finance books. It’s time to revisit the list of best personal finance books to give you some inspiration for your summer reading! There were more than 100 suggestions, so I picked out 35 to highlight. That should be more than plenty to get all […]

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4 Alternative Ways to Make More Money on Your Savings

Posted by Adrienne on June 9, 2015

Savings accounts are paying dismally these days. Most are paying less than 1%. While you may be ok with the low rates given the safety of savings accounts you may also be looking for short term ways to earn more money. Yes you could earn more investing your money in the stock market or other […]

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How to Make Sense of Interest Rates, APYs and APRs

Posted by Amanda on April 29, 2015

Have you noticed that interest is not interest is not interest? There are so many different types of interest rates for finances that it gets a bit confusing (even for me). Honestly, before writing this article I didn’t know what each type of interest rate meant. For example, what is the difference between an APR […]

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How to Calculate Compound Interest

Posted by Don on March 18, 2015

Compound interest is the most powerful force in the universe, which was supposedly said by Albert Einstein, though there is no proof that he actually said this. Nonetheless, compound interest is an amazing thing. Previously, I talked about how to calculate simple interest. Now, I am going to show you how to calculate compound interest. […]

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How to Calculate Simple Interest

Posted by Don on March 10, 2015

I get many questions about how to calculate interest. If you are trying to figure out simple interest, the calculation is, well, simple – no pun intended. If you want to calculate compound interest, that gets a little bit more involved. I’ll be writing about compound interest soon, so be sure to keep an eye […]

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Most of us sit down sometime around the new year, organize our finances, and create a budget for the upcoming year. We plan out our expenses and how much we want to save. Then, many of us either put the budget aside and never look at it again, or we follow along, exactly as planned. […]

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How to Have Fun with Food and Save Money Too

Posted by Kristen on August 4, 2014

I’m sure you have heard that old line, “Don’t play with your food.” As much as parents may often try to get their kids to stop playing with the foods on their plates and just eat, the kids somewhat have it right. Food is fun, and eating can be a really enjoyable fun experience. Many […]

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5 Things to Consider When Buying a Used Car

Posted by Don on June 16, 2014

Read most financial publications and they will speak to you about why you should never buy a new car. The total cost of a new car, including the depreciation is a waste of money. And don’t even suggest leasing a car. You’ll be banished quicker than Napoleon. I’m not here to tell you any of […]

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