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)

The Hidden Savings In a Rent Payment

The scene was a sidewalk café on Chicago’s northwest side, one summery evening around 2006. I’d been joined for dinner by a couple of friends, Grant and Kate, and between bites of chicken Vesuvio — or was it a chopped salad? […]

How to Budget Without Regular Paychecks

Successful budgeting tends to depend on two things: careful planning and a steady income. The first, anyone can do. The second may not be so simple. If you’re self-employed, you might be asking yourself, “But I don’t have a regular paycheck coming in — can I even set up a budget? Should I bother?” You can. […]

How to Budget Without Regular Paychecks

Successful budgeting tends to depend on two things: careful planning and a steady income. The first, anyone can do. The second may not be so simple. If you’re self-employed, you might be asking yourself, “But I don’t have a regular paycheck coming in — can I even set up a budget? Should I bother?” You can. […]

Should You Spend Less or Make More?

The most sound financial advice you’ll ever read is also the most basic: Spend less than you make. Sure, a successful financial life is a bit more complicated than that. After all, you have to decide just how to make that extra money work for you. But it all starts with this basic principle. […]

Should You Spend Less or Make More?

The most sound financial advice you’ll ever read is also the most basic: Spend less than you make. Sure, a successful financial life is a bit more complicated than that. After all, you have to decide just how to make that extra money work for you. But it all starts with this basic principle. […]

How Automation Has Helped Me Reduce Debt and Save

Readers often e-mail me for tips on how to keep their finances manageable. There are so many options out there that it can be overwhelming. I was speaking with my mom about this some time ago, and she felt the same way. My mom has been responsible with her money over the years, but she felt that she could be doing better. […]

How Automation has Helped Me Reduce Debt and Save

Readers often e-mail me for tips on how to keep their finances manageable. There are so many options out there that it can be overwhelming. I was speaking with my mom about this some time ago, and she felt the same way. My mom has been responsible with her money over the years, but she felt that she could be doing better. […]

Unpaid Internships: A Graduate’s Dream… or a Nightmare?

It’s the ultimate catch-22: in order to get a job after graduation, you’ll need experience. In order to get experience? Well, you need a job. The solution for many students is to look for intern experience, which can be made to fit in around a demanding college schedule. This might mean working through summer or winter breaks, even for several years. […]

How to Remove a Cosigner from a Student Loan

Adding a cosigner to a student loan has become common practice. After all, very few students can qualify for a loan based on their own income and credit profile. […]

Extra Cash? How to Decide Whether to Pay Off Debt or Invest

If you have extra cash or come into a sudden windfall, is it smarter to pay off your debts or invest the money? A woman came into my office the other day wondering this exact thing. Well, she didn’t ask the actual question… I did. She had a mound of credit card debt, clicking away at 12% interest. […]