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 (page 2)

In praise of not planning

It’s a good thing that I am a planner by nature because, dealing with personal finance as I do involves a lot of long-term planning. So it might seem a little odd for me to take this position, but there are times when your finances might be better for not having made a plan — or at least for not being completely ruled by your plans. […]

Zeroing in on target-date funds

For those investing for retirement, target-date funds sound like a great idea. Say you want to retire in 2030. Simply purchase a 2030 target-date fund, the wisdom holds, and the fund will do a lot of the heavy lifting for you when it comes to your investments. […]

How to make money from home by starting a daycare

Quite a few parents choose to stay home because their entire salary would go to daycare if they went back to work full time after the birth of their child. If you are one of the stay-at-home parents who loves kids and wants to make money from home while taking care of your own kid, have you thought about starting your own home daycare? I have. […]

How to make money from home by starting a daycare

Quite a few parents choose to stay home because their entire salary would go to daycare if they went back to work full time after the birth of their child. If you are one of the stay-at-home parents who loves kids and wants to make money from home while taking care of your own kid, have you thought about starting your own home daycare? I have. […]

Funding Higher Education with an ISA

Have you ever watched the popular television show “Shark Tank”? In it, entrepreneurs pitch their young businesses to five rich tycoons (the “sharks”) in hopes of attracting an investment from one or more of them. Some entrepreneurs are youngsters with a great idea, some are savvy veterans, and others are ordinary families hoping to turn a great idea into a million-dollar business. […]

10 Steps on the Career Ladder

With the unemployment rate recently edging below 6 percent, the job market is starting to look healthier than it has been since before the Great Recession. While that market does not yet favor employees the way it did during the 1990s, it has recovered enough to justify a more ambitious focus. People who had to scuffle to find a job can now start thinking about their next career move. […]

When Taking Vows, Vow to Spend Less

Talk to anyone 19 to 90, and they’re likely to have very clear memories of their first experience going steady. Mine came at the decidedly ancient age of 17, and I can recall that star-crossed life chapter like it happened last week. My perky, mahogany-haired, 16-year-old inamorata and I didn’t have much in common other than a passion for hours-long sessions in lover’s lane. […]

Top 10 Money Mistakes New Parents Make

Having a child is an exciting and exhausting experience. The feeling of holding your newborn in your arms cannot be described in words. Along with this exhilarating feeling, though, comes sleep deprivation, hectic schedules and the determination to provide nothing but the best for your precious little one. […]

The Latest Occupational Hazard? Binge Working

This post comes from Jacqui Kenyon at our partner site LearnVest. Have you ever gotten absorbed in a project on your laptop, only to look at the clock to see that three hours have passed? TODAY Money calls it the “hypnotic effects of technology,” and it’s just one of several factors contributing to a new and dangerous office trend: binge working. […]

How California’s Drought Will Affect You

Statistically, 80 to 90 percent of you live outside of California. When you read reports of the drought in California, then, your reaction may be something like, “Bummer for those dudes. Patti, please pass the peas.” You might want to reconsider, though, because chances are this drought could affect you more than you think. […]