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 140)

Travel Insurance – What’s Necessary?

This past week has been a lot of fun, as we’ve been hanging in Los Angeles for our vacation. It’s great to have some fun while getting work done as we headed to the E3 Expo to check out the latest video game technology. Our trip out west went smoothly, and we arrived in LA on time. Our friend’s wife wasn’t so fortunate, as she got caught in Atlanta with multiple delays. […]

The Downside of Travel Rewards

Despite my revelation on Friday that we’re getting an AmEx Delta SkyMiles card, I have to admit that I’m not a huge fan of travel-based rewards. This goes for both airline and hotel rewards programs. There are several reasons for this… Redemption difficulties First and foremost, it’s often difficult to redeem your rewards even if you’ve saved up a ton of points or miles. […]

Applying for an AmEx Delta SkyMiles Credit Card

We’re in the midst of some travel planning, and have decided to pull the trigger and apply for an American Express Platinum Delta SkyMiles card. Why? Several reasons… Baggage fees. As I noted about six weeks ago, Delta is now waiving their baggage fees for AmEx Delta cardholders. When we take long trips as a family, it’s not uncommon to check four bags (for the six of us). […]

Using Automated Reminders to Save Money and Reduce Stress

As life has gotten busier and busier, I’ve had an increasingly hard time keeping track of the many deadlines and due dates that I run across in daily life. Depending on the context, this has the potential to result in late fees, embarrassment, etc. I’ve thus become increasingly dependent on automated reminders to keep things on track. […]

Income Smoothing and Emergency Funds

A reader named Vivian recently wrote in to ask if it’s okay for people with variable incomes to tap into their emergency fund during anticipated slowdowns: My husband is a landscaper. During the winter his work gets a little slack. […]

Balancing Career Satisfaction With Financial Security

Earlier this week, I attended a career development seminar that talked about how to find a satisfying career. In general, this was a pretty low level presentation, and it was largely based on a diagram similar to the following. Breaking it down… Simply stated, we each have a unique set of passions/interests as well as a certain skill set. […]

Second Quarter Estimated Tax Payments Due Today

This is just a quick reminder that second quarter income tax payments are due today. I almost forgot about this myself, but remembered at the last minute and have just written the state and federal checks. If you’re wondering what this is all about, estimated tax payments most commonly apply to the self-employed and/or those with significant investment earnings. […]

Financial Guide for the Unemployed

Many of us are currently dealing with financial and/or economic challenges. One devastating problem that some of my neighbors and friends have recently faced is unemployment. Surviving with one less source of income due to a job loss can cause a lot of financial and personal stress. As of right now, the Bureau of Labor Statistics estimates that approximately 15 million people are unemployed. […]

Fuel Surcharges – Still? Seriously?

Time for a minor rant… Back in the fall of 2008, I asked if fuel surcharges were here to stay. At the time, gas prices had fallen from $4+/gallon to the mid-$2 range, but those pesky surcharges that cropped up when fuel prices spiked were still persisting. At the time, I suggested that these sorts of fees are a one-way street in that they get added when times are tough, and they never go away. […]

Traditional to Roth IRA Conversion at Vanguard

Last night, I finally got around to converting my wife’s recent traditional IRA contributions into her Roth account. […]