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)

Traditional vs. Roth: What’s Your Preference?

I recently wrote about the advantages of tax-deferred (traditional) vs. Roth retirement contributions. That post sparked an interesting discussion about the value of Roth vs. traditional accounts in the long run. Each approach has its advantages, and the optimal strategy may vary based on your circumstances. […]

Tips for Success Working From Home

“The work-at-home lifestyle can be incredibly satisfying and an effective way to be closer to your family.” -Mitch Thrower Working from home is a dream that many of us tend to put up on a pedestal as an ideal scenario. I’ve heard many people say they’d be happy if they could just work from home… But would working from home really solve their problems and bring them happiness? […]

Take Advantage of Lifestyle Deflation

Lifestyle inflation refers to the incessant upward creep in your spending as your income gradually increases. […]

How to Choose the Right Credit Card

Everyone has different views on credit cards. Some bloggers and finance gurus see them a money trap. Others view credit cards as a tool for making some extra money from rewards on purchases that they’ll already make. […]

New ShareBuilder $25 Promo Code

This is just a quick note to say that ShareBuilder has a new $25 promo code for new account signups. To qualify for the bonus, simply use the following promo code when opening an account with a minimum $25 initial deposit: 25WOFA. Your bonus will be added to your account within 4-6 weeks. If you’re not familiar with ShareBuilder, they’re an online discount broker that is backed by ING Direct. […]

529 Plans and Scholarships

As a followup to my recent post on common misconceptions about 529 plans, I just wanted to highlight an additional way to get unspent money out of the account without paying taxes or penalties. A sharp-eyed reader named Courtney asked: I’ve heard that if your child obtains a scholarship, you can withdraw that amount from the 529 plan without paying the 10% penalty. […]

Closing Our HSBC Advance (HSBC Direct) Savings Account

I’ve long expressed a desire to simplify our finances, and have finally taken a small step in that direction. Over the years, I’ve accumulated a number of online savings accounts. These include accounts from ING Direct, Ally Bank, Everbank, and so on. While we’re still using a couple of these accounts, the others have fallen out of favor for one reason or another. […]

What’s Your Biggest Money Mistake?

Money mistakes. We all make them. The important thing is to learn from them so we don’t make the same mistakes again in the future. […]

Link Roundup – Limping Man Edition

In my last roundup, I noted that I recently decided to start running. I’ve been taking it slow, but have still managed to develop some hip pain. I’m thus currently taking a week off to recover. The good news it that I’ve identified the problem. The main issue is that my feet supinate (roll slightly outward) when I run, so I picked up some new running shoes to better stabilize my feet. […]