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 167)

What are Vanguard Admiral Shares?

Last week, my wife and I received a letter from Vanguard informing us that one of our mutual funds accounts qualifies for conversion to “Admiral Shares.” For those that aren’t familiar with Admiral Shares, this is a very good thing. […]

Preventing Impulse Buys and Combatting Clutter

I’m guilty of buying small gadgets and/or books that I don’t really need. On the surface, many of these items look like they’ll save me time or money, but I either rarely use them or otherwise find that I don’t want to keep them around. Not only does this waste money, but it also results in clutter. […]

How Much Life Insurance Do You Need?

In writing about how to save money on life insurance, I mentioned that you shouldn’t buy too much coverage. After all, if you buy more insurance than you need, you’re just throwing money away. But that begs the question… How much life insurance do you need? Unfortunately, there are no easy answers. […]

How to Save Money on Car Insurance

As a followup to my earlier articles on how to save money on health insurance and life insurance, I thought I’d round things out with an article on car insurance. What follows is a list of six tips for reducing your premiums and saving a ton of money. Keep your driving record clean In other words, don’t get nailed for speeding like I did a few months back. […]

Stamp Prices Increasing Monday

This is just a friendly reminder that stamp prices are increasing on Monday, May 11th. As long as you get your stuff postmarked by tomorrow (May 9th), you should be fine. […]

Buying a Foreclosed Home

Over the past few years, I’ve thought a lot about buying investment property. In the long run, I’d love to build a portfolio of rental properties. We have not, however, had the time to make it happen. Given the recent history of housing market, perhaps this is a good thing. Of course, those same housing troubles have now (arguably) created a lot of opportunities. […]

Lending Club Review and Account Opening Process

Peer-to-peer lending has become increasingly popular in recent years. In fact, the Harvard Business Review named it as one of their “breakout ideas” of 2009. While I’ve long been a skeptic of this sort of thing, I ultimately gave in and decided to find out what all the hype was about. Earlier this spring, I opened an account with Lending Club, and I’ve since started lending out money. […]

Off the Grid and Into the Future

Last week, while busily bullet-pointing how to prepare for a power outage, I noted that my wife and I were considering going “off the grid” one day a week as a way to save a bit of money and to spend more quality time together. Although my wife thought it was a great idea at the time, she grew skeptical a week later when it was time to throw the breakers. […]

Weekly Roundup - Massive Failure Edition

Remember that $300B program called “Hope for Homeowners” that was supposed to ease the foreclosure crisis by encouraging lenders to write down mortgages? […]

Risk Tolerance vs. Risk Capacity

When determining your ideal asset allocation, it’s important to balance your risk tolerance with your risk capacity. As similar as these terms sound, they’re actually quite different. What is risk? For starters, the term ‘risk’ refers to the probability that an action or event will negatively or positively impact your ability to achieve your objectives. […]