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 148)

The Dark Side of Debit Cards

If you’ve followed this site for any length of time, you’re likely aware that I’m not a huge fan of debit cards. While I recognize that they can be quite convenient at times, debit cards simply have too many disadvantages for me to use one instead of a credit card. In the past, my biggest concern has been fraud. […]

Five Lowest Paying College Majors

Earlier this week, we talked about the value of a “high end” college degree. Today, I wanted to follow that up by highlighting this list of the five lowest paying college majors… Lowest paying college majors Social work Special education Elementary education Home economics Music and dance Rounding out the top (bottom?) ten are: drama, leisure studies, philosophy, art, and audiology. […]

The Recession is… Over?

According to an AP News report issued earlier this afternoon… “Economic activity is stabilizing or improving in the vast majority of the country, according to a new government survey, adding to evidence that the worst recession since the 1930s is over.” Apparently eleven of the Fed’s twelve regions have shown signs of economic stabilization. The lone outlier is the St. […]

Target Date Mutual Funds Getting Cheaper

Target date mutual funds are designed to automatically adjust their allocation depending on how long you have until the “target date.” These funds thus invest rather aggressively early on, automatically moving to a more conservative allocation over time. While these funds are a convenient “set and forget” solution for many investors, they’re not for everyone. […]

Why a Degree From a Fancy College Isn’t Worth It

This is a guest post from Neal Frankle of Wealth Pilgrim. If you like what you see here, please consider subscribing to his RSS feed. Have you ever wondered if it makes sense to spend big bucks on an undergraduate education? […]

401(k) Changes to Encourage Saving

Last week I mentioned the possibility that 401(k) limits might be reduced in 2010. This week, I wanted to highlight some proposed retirement savings changes that President Obama outlined in his weekly radio address. Here they are: Auto-enrollment in retirement plans. […]

Debt Reduction: Penny Wise and Pound Foolish

Today I’m going to start off by asking a couple of questions… Are you carrying any high interest debt? Do you have any money in the bank? If you answered yes to both of these questions, then let me ask another one… Just how much money do you have in the bank? The reason I ask is that a surprising number of people are holding excess cash in the bank while paying ridiculous interest rates and failin […]

How to Get a Raise (or at Least Keep Your Job)

I’m a huge fan of taking control of my own situation. I don’t like giving mediocrity a place in my life because it gives others power over me, and leaves me less able to steer my own ship. […]