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 3)

Should You Invest Your Money in a CD?

If you’ve been researching different avenues for saving and investing your money, you’ve likely come across the term “CD.” Let’s discuss what a CD is, how it can be used, and if it’s a worthwhile investment. […]

4 Questions to Ask When Picking Your First (or Next) Bank

Do you remember when you opened your first bank account? I do. I remember the time my mom helped me open my very first savings account at Wells Fargo. My initial deposit was around $100, which I had saved up from my eighth birthday. […]

What Is Compound Interest and How Can It Impact Your Finances?

Whether you’re heavily involved in your personal finances or take a more hands-off approach, you’ve likely heard about the term “interest.” If you’ve ever used a credit card, you see it on your monthly statement. If you have a savings account, you see it there as well. Interest is everywhere in the financial world. More specifically, compound interest is what most financial products use. […]

Tips From a Recovering Procrastinator

Co-workers tend to look at me as someone who dives head-first into projects and generally meets deadlines ahead of schedule, so they don’t realize my hidden secret. I’m a recovering procrastinator. When I was a student, I did everything at the last minute. I suppose the blessing is that it taught me to work fast. […]

How to Build Your First Resume

Whether you’re embarking on your first big job, looking for a career change, or getting back into the workforce after an extended period of time, you’re going to need a stellar resume to get your foot in the door. However, a blank page is pretty intimidating, and it can be hard to know where to start. The hardest part is getting the ball rolling, though. […]

How Much Life Insurance Do You Need?

No one wants to think about death — but ignoring the possibility doesn’t change the fact that you still need to prepare for the worst. A big part of this planning process is buying a life insurance policy. In writing about how to save money on life insurance, I mentioned that you shouldn’t buy too much coverage. […]

How to Save Money on Food

Food is an unavoidable expense. We all have to eat and none of us really want to skimp on the food we buy. So, how do we realistically trim that area of our budget? Luckily, there are many ways to save money on food — whether that’s groceries, restaurant meals, or eating while traveling. It all comes down to planning ahead, looking for good deals, and being resourceful. […]

2017 Traditional and Roth IRA Contribution Limits

If you’re planning out the rest of this year’s finances, chances are you’re paying attention to the IRA contribution limits for 2017. As a reminder, the limits shown for 2017 are NOT the numbers you will use to file your 2016 taxes in the next couple of months (you’ll want the 2016 numbers for that). […]

Should You Pay Off Your Mortgage Early or Invest?

Should you pay off your mortgage early? Or should you focus on investing with your spare cash? This is one of the most hotly debated topics in personal finance, with vocal proponents on both sides. […]

Top 5 Financial Moves to Make This Year

With a new year comes the chance to have a fresh start. According to a Fidelity study, more than one-third of Americans set a financial resolution for 2017. Whether or not you set a financial resolution, though, improving your finances is likely still important to you. To help with this, we came up with a list of the top five financial moves to make this year. 1. […]