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)

Why You Should Keep Your Financial Advisor

This is a guest post from Evan of My Journey to Millions. Evan is a fellow personal finance blogger, who is also an Attorney and works as a Director with a New York Financial and Estate Planning Firm. If you like what you see here, please consider subscribing to his RSS feed or following him on Twitter. […]

The High Cost of Being Single

Two can live as cheaply as one. We’ve heard this for years, but is it really true? Perhaps not, but there are definitely cost savings to be found when combining two households into one. With that in mind, I wanted to talk a bit about an article on the costs associated with being single that I recently ran across in The Daily Telegraph. […]

Planning for Your Demise

If you want to do your spouse a favor, you should pretend you don’t exist… At least for a few hours. If you’re the one who manages the finances – and possibly earns most of the money – you’ll do your spouse a solid by simply going through this exercise. Ask your spouse how they’d pay the bills if you were gone. How would they pay the mortgage? Where would the money come from? How would they save f […]

Social Security Taxes in 2010

As a followup to this morning’s post on the future of Social Security, I wanted to update you guys on the Social Security cap for 2010. As you may or may not be aware, Social Security taxes are capped such that you only have to pay this tax (denoted FICA-OASDI on your paycheck) on your earned income up to a certain threshold. In 2008, the cap kicked in at $102,000 per individual. […]

The Future of Social Security

Are you worried about Social Security? If so, you’re not alone. According to a recent Gallup poll, 60% of non-retired individuals doubt that Social Security will be able to pay them a benefit when they retire. Not surprisingly, pessimism is inversely correlated with age. Ask those in the 55+ age bracket and only 26% doubt Social Security will make good on its obligation. […]

Home Improvement: DIY and Save Money

Being new home owners means we’re facing a number of new expenses. These include HOA fees, property taxes, and of course mortgage payments. In addition, we’ve been working on some home improvement projects that have the potential to be an additional drain on our budget. This is all part of the process of making a house a home, and we’re intent on not going broke doing while doing it. […]

Lending Club: One Year Later

It’s been a bit over a year since I started investing with Lending Club, so I thought I’d put together an overview of my experiences. For those that haven’t been following along, I first set up two test portfolios focusing on low risk vs. high risk loans. For these test portfolios, I let Lending Club auto-select the loans. […]

2010 Sales Tax Holidays

Believe it or not, it’s almost time for back-to-school shopping. And you know what that means, right? Time for a sales tax holiday! […]

Chase Freedom Bonus Reward Categories – Summer ‘10

I recently received a flyer outlining the current bonus reward categories for the Chase Freedom card. For those that are unaware, Chase has decided to jump on the rotating reward category bandwagon with this card. Now instead of getting a higher level of rewards in a standard set of categories, the categories will change seasonally. […]

When Bad Investments Happen to Good People

You’ve done everything you were supposed to do. You learned as much as you could about investing and you made (what you thought) were smart moves. But the investments didn’t work out. You lost money. Of course, you’re not the only one singing this tale of woe. Over the last 10 years, stock market investors haven’t done well at all. […]