Five Cent Nickel

Written by a man who has been meticulously recording his finances since 1997 (stored in Quicken), Five Cent Nickel is one of the oldest and most respected blogs around. This blog often provides great commentary on—and summaries of—useful financial tips featured by other publications. If you’re too lazy to read every little money article out there, just stop by Five Cent Nickel and get the cream of the crop.

Latest Posts from Five Cent Nickel

Everything You Need to Know About Renter’s Insurance

If you rent your home, you may be wondering what protection you have in the event of vandalism or a natural disaster. Renter’s insurance is designed to provide financial coverage for renters, since homeowner’s insurance and landlord’s insurance typically don’t cover things like a tenant’s personal property. Despite this, only 37% of renters currently have renter’s insurance. […]

Things to Consider When Applying for a Credit Card

Whether you’re applying for your first credit card or your tenth, there are key factors you should always consider. These include things like your credit score, income, and what you want out of a credit card. Your Creditworthiness The first thing to consider when applying for a credit card is your creditworthiness. […]

Rebuilding Your Savings After An Emergency Expense

Few of us are strangers to unexpected expenses. A financial emergency can occur at any given time, no matter how diligent and prepared you think you’ve been. […]

How to Prepare to Shift Into a New Career

Whether you’re driven by practicality or passion, the reality is that for many of us, career change is “the new normal.” This trend is largely due to a potent combination of a volatile employment landscape, and an increasing number of innovative ways that we can strike a new balance between work and life. […]

You Can Only Spend Each Dollar Once

Over the weekend, I sat down to talk a bit about money with our oldest son. He receives a decent monthly allowance; he got some gift money for his birthday back in October, and he also makes money from random jobs like pet sitting, etc. […]

How to Protect Yourself From Identity Theft

We live in a digital age where all sorts of personal information is stored on our cell phones, computers, and even in the chips of our credit cards. This has opened us up to the possibility of a security breach… and, in turn, identity theft. Over the years, the frequency of identity theft and fraud complaints has continued to increase, and shows no signs of stopping anytime soon. […]

Should You Invest Your Money in a CD?

If you’ve been researching different avenues for saving and investing your money, you’ve likely come across the term “CD.” Let’s discuss what a CD is, how it can be used, and if it’s a worthwhile investment. […]

4 Questions to Ask When Picking Your First (or Next) Bank

Do you remember when you opened your first bank account? I do. I remember the time my mom helped me open my very first savings account at Wells Fargo. My initial deposit was around $100, which I had saved up from my eighth birthday. […]

What Is Compound Interest and How Can It Impact Your Finances?

Whether you’re heavily involved in your personal finances or take a more hands-off approach, you’ve likely heard about the term “interest.” If you’ve ever used a credit card, you see it on your monthly statement. If you have a savings account, you see it there as well. Interest is everywhere in the financial world. More specifically, compound interest is what most financial products use. […]

Tips From a Recovering Procrastinator

Co-workers tend to look at me as someone who dives head-first into projects and generally meets deadlines ahead of schedule, so they don’t realize my hidden secret. I’m a recovering procrastinator. When I was a student, I did everything at the last minute. I suppose the blessing is that it taught me to work fast. […]