Financial Literacy

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The Best Cost-Effective Services of 2021

Delivering personal finance solutions and advice since 2006, The Simple Dollar is back with our annual awards for 2021. Here are our top picks for the most affordable and cost-effective service options for the new year.  Best Cell Phone Plan: Republic Wireless  Learn more Republic Wireless is backed by Sprint and T-Mobile, giving it 99% […]

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44 Ways to Make Money at Home (At Any Age or Skill Level) in 2021

Did you know that 3.9 million U.S. employees work remotely? It’s true. And it may sound like your dream job — making money from home (even in your PJs). You may be ready to start a full-time gig or take on a side hustle to meet your financial goals in 2021. Why not accomplish your

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Where to Set Up Your Home Office to Get Work Done – Location Ideas

One major drawback of working from home is that you’re suddenly sharing a workspace with your entire family. A home office space can help you focus and feel more productive, but it’s all about location, location, location. Where should you put your home office? Here are some ideas to consider. Where to Set Up Your

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Smoke Weed and Need Life Insurance? Some Companies Are Cool With Marijuana

Though it’s increasingly legal, marijuana can still raise red flags for life insurance companies. While some insurers don’t mind covering you if you use pot, others will charge you higher rates or deny your application outright. About 22.2 million Americans use marijuana every month, according to the Centers for Disease Control and Prevention. It’s now…

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I Paid Off $12K Debt in 12 Weeks. Here’s Exactly What I Did

My 2020 New Year’s resolution was to become debt-free. But we all know what happened next. COVID-19. Just to be clear, I’ve been lucky during the pandemic. I’ve kept my job. I haven’t gotten sick. I haven’t lost income. I can easily work from home. But seeing 40 million people suddenly out of work was

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Is $40,000 A Good Salary? And Can You Live Off It Today?

Whether you are just starting your career or on the job hunt currently, it’s common to directly focus on the salary tied to the position. After all, depending on your cost of living, if you have any debt, and your retirement planning — your salary matters a lot to your livelihood.  One common salary offer

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13 Best Cheap Cellphone Plans That Will Save You Money

For consumers willing to look beyond the “big four” providers, there are plenty of ways to get cellphone service and stay connected at a reasonable rate — and you don’t have to give up decent coverage to do it. Here’s how you can save on your cellphone plan. 13 Best Cheap Cellphone Plans That Will

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Smart Money Podcast: Buying Crypto and Dealing With Debt

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of what people need to know about cryptocurrency. Then we pivot to talking about the history of debt and debt forgiveness, along with how to pay it off. Check out this episode on any of…

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What Financial Freedom Means — And How to Reach it

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Maybe you dream of waking up next to the ocean on a gorgeous piece of land you own, surrounded by nature, with zero internet because

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How Much is 6-Figures, 7-Figures, 8-Figures & 9-Figures?

You might have heard people talking about 6-figures in some way, whether that is related to salary or net worth. And you may have also heard or seen references to 7-figures, 8-figures, and even 9-figures too.  These types of numbers and amounts are important to understand and will be helpful for reaching your financial goals,

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Dear Penny: My Wife Hates Bitcoin. Should I Buy It Anyway?

Dear Penny, My wife and I have an agreement where we each are allowed to spend $500 a month however we choose. We have emergency savings, we both contribute to our retirement accounts and we have college savings plans for both of our kids. I’ve recently started using my $500 to invest in bitcoin, and

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Online or In-Person Loans: What’s Better?

The growth in the online personal loans industry has made it easier than ever to apply for a loan online. Gone are the days where you had to make an appearance at a physical branch in order to get a loan, since you can now submit all relevant documentation by applying for a loan online.

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How to Build a Photo Scanning and Digitizing Side Gig

As simple as it sounds — and actually is — most people are overwhelmed by the thought of taking hundreds or even thousands of photos and organizing them into searchable, digital files. Then there are the videos filmed on various versions of clunky cameras over the decades. Perhaps the most daunting version of unorganized photographic

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Does Renters Insurance Cover Dog Bites?

One-third of renters live with dogs, which shows how many of us love our four-legged friends. It also means renters insurance to cover dog bites is important to consider when you’re a dog owner and renting. And while your sweet little pup may not have any known history of biting, you never know how your

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5 Ways to Stick to Your Financial Goals in 2021

You might have already identified your financial goals to start in 2021, but a couple weeks into the New Year, how you’re going to stick to your financial goals is probably already creeping into your thoughts. It is a sad truth that many New Year’s resolutions fade by the time the calendar turns over to

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What Happens If You Miss the Tax Deadline? – Penalties for Filing Late

If you missed the tax deadline, you’re likely very concerned about fees, penalties, and how to file your taxes late. The good news is that it can happen to anyone, for a variety of reasons, and you can still get back on track. Here is some advice for doing just that, whether you’re owed a

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Unpacking the Myths of Investing in the Stock Market

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Why aren’t you investing? Maybe you grew up thinking the stock market was a scam. Maybe you’re worried that you’ll lose all your money….

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New PUA Rules: Don’t Miss These Unemployment Deadlines

The second stimulus package is tightening the rules for millions of gig workers, independent contractors and self-employed workers receiving unemployment aid. On Dec. 27, the $900 billion stimulus package extended Pandemic Unemployment Assistance, a critical benefits program for folks who don’t typically qualify for regular unemployment aid. The deal lengthened PUA benefits for at least

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How Swing Trading Can Propel Your Wealth Creation

The dirty secret of investing is that the traditional buy and hold portfolio is dead. Well, I’m exaggerating a little, but make no mistake, increased stock market volatility is forcing change. By including an element of swing trading in their portfolio, investors can evolve their approach to match the new investing world. This evolution can

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What’s the Average Monthly Mortgage Payment in the U.S.?

If you think that this is the year to purchase that new home, chances are you’re wondering whether that mortgage payment will fit into your budget. Many factors go into determining what your payment will look like at the end of the day, including the cost of the home, your interest rate, local taxes, and

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