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 4)

When Will You Own A Tesla?

What do you think about electric cars? That’s a question which evokes a surprisingly strong reaction. Few people, it seems, are indifferent to the topic of changing what we drive. Some think electric cars will help save the planet; others think they’re a do-gooder’s overpriced and overrated flavor of the month. […]

Are You Getting Ahead or Falling Behind?

People have long spoken of “haves” and “have-nots,” but perhaps never in modern times has the economy seemed so separated between those who seem to be getting ahead and those who are falling behind. What complicates things is that appearances can be deceptive. The easy availability of debt can make a household believe it is living well when in fact it is working itself into trouble. […]

20/20 Vision on 20-Something Investing

About 35 years ago, when I was new to the corporate world and fired with ambition, but not the least bit fired-up about staying with my big corporate employer, I had a series of bewildering conversations with colleagues, many even younger than I. See, the place where I worked had long been the number one name in its field, and that status conferred a certain sense of stability. […]

Do You Know About This Movement?

Is there a new movement happening in your backyard that you are unaware of? A new reality television series has probably never been the impetus behind a major change in how we live, but could this one be different? The show in question is called “Tiny House Nation,” and it kicked off earlier this month on FYI, an A&E cable channel. […]

Why Do You Shop?

A few years ago, I was living paycheck to paycheck and was seriously trying to get my finances under control. I read all the tips and tricks to curb spending, yet I was failing month after month. I didn’t understand what I was doing wrong. […]

Who’s the Boss of Your Finances?

When it comes to financial decisions, do you feel like the boss or like it’s your first day on the job? If you don’t feel in command, it’s understandable. […]

Silence Not Golden in Intergenerational Family Finance

The last time I ran into one of my favorite cousins, the conversation soon turned to which far-flung family members she had recently heard from. She divulged she hadn’t yet heard from my youngest cousin, her younger brother, about his recent trip to Southwest Michigan. That was not new, as she’d called another of my cousins, her older brother, two weeks earlier and had yet to hear back. […]

The Cost of More

We have become a nation of “more is better.” We want more of everything — more toys for our kids, more cars in the driveway, more shoes in the closet, and more bathrooms in the house. Our houses, garages, dumpsters and lives are filled with Stuff. With a toddler around, I’m very tempted to fill the house will cute clothes and fun toys. […]

5 Creative Backyard Summer Activities for Kids

This post comes from Rachel Beger at our partner site Zing! School’s just about out for the summer, and that can only mean one thing: “Mom, I’m bored!” Ideas run out fast, especially when you’re not looking to leave the house every day, and you have a budget to abide by. […]

What to do When the Stock Market Crashes

The Dow Jones Industrial Average index hit 17,000 in the last week — a new record — and the S&P 500 Index followed suit. As is usual any time a stock market record is reached, the boo-birds make their appearance. “This is it!” they cry. “This is too high; a crash has to follow.” Well, something like that. […]