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Trent Hamm

Questions About Coffee Grinders, Overdrafts, Gym Memberships, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question.1. 401(k) checkup?2. Prioritizing early retirement3. Is coffee grinder worth it?4. The point of frugality5. Frugal foot odor options6. Buying weights or gym membership?7. Replacing […]

Aligning Health Goals with Personal Finance Goals

It’s no secret to anyone reading The Simple Dollar for very long that I’m a goal-oriented person. I find a great deal of power in setting goals for myself, developing plans for those goals, and working toward them by executing that plan as well as I can and revising it as needed. I view my […]

Them: The Failure of the Blame Mindset in Financial Improvement

Before I started The Simple Dollar, I started a few other websites on different topics that I was passionate about at the time. I had a Magic: the Gathering website. I had a parenting website. I had a “how to learn data mining from scratch” website. I had big dreams about these websites being huge […]

Being Frugal with Food When You Don’t Have the Space to Cook

Jennifer writes in: I live in a single room efficiency apartment. The entirety of things that I have available for cooking are a sink, a table, a microwave, and a mini fridge. I simply don’t have the space or capacity to do dishes or prepare meals or anything like that. I can’t even really eat […]

Being Frugal with Food When You Don’t Have the Space to Cook

Jennifer writes in: I live in a single room efficiency apartment. The entirety of things that I have available for cooking are a sink, a table, a microwave, and a mini fridge. I simply don’t have the space or capacity to do dishes or prepare meals or anything like that. I can’t even really eat […]

The Path to Financial Independence in Detail

Gary writes in: What exactly do you mean when you talk about financial independence? Can you break it down a little? In simplest terms, when I talk about financial independence, I’m referring to a situation in which your living expenses are fully covered by your investments for the rest of your life. In other words, […]

Questions About Libra, Campfire Cooking, Investment Books, David Bach, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question.1. Using rewards card for everything2. Thoughts on Monat3. Work, motivation, and retirement4. Campfire cooking advice5. Using 403(b) loan for debt6. Uses for old spices7. […]

The Grind

“Most people overestimate what they can do in one year and underestimate what they can do in ten years.” —Bill Gates One of the biggest changes in my perspective on personal finance since I started The Simple Dollar is how to succeed at your goals. When I first started to turn things around, I set […]

The Three Questions Revisited

Your Money or Your Life by Joe Dominguez and Vicki Robin was the book that spurred my financial turnaround. At the very moment when I was realizing I needed to do something drastically different in my life with regards to my finances, this book was the first one that I happened to read from the […]

The Things Money Can’t Fix Are Often the Ones That Drain Our Finances

Whenever I find that I’ve made a spending mistake and spent money foolishly, I find that it was some kind of an attempt to use money to fix something that can’t really be fixed by money. I’ll spend unplanned money on hobbies sometimes because I’m frustrated at not being able to give that hobby I […]