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 5)

Managing Your Finances During a Breakup

This post comes from Jen Smialek at our partner site Quizzle.com. We’ve all been there before: You’ve just broken up with your significant other, and you are heartbroken. Regardless of who did the breaking, it’s never easy to muddle through the next weeks/months of confusion and emotion. When heartbreak strikes, it can be an equally tough time to manage your finances. […]

Why cutting the cord might not work

Time was when you had a home phone and you watched TV with a rabbit-ear antenna. Life was cheap then. Well, almost: I remember paying $3.95 a minute to make a phone call from Orange County to New York. Life may have been cheaper then, but not easier: When you and your significant other got separated in a grocery store, you had to find each other the old-fashioned way. […]

Retirement saving: Size isn’t the only consideration

I recently read one of those articles debating whether a million dollars was enough to retire on these days. Mostly, the focus of the article was on the fact that a million dollars isn’t as significant as it used to be due to the impact of inflation. That’s a good point, but it also got me thinking that the size of your nest egg is just one side of the retirement equation. […]

The Picasso Effect: A Secret to Career Success?

This post comes from Anna Williams at our partner site LearnVest.com. The secret to climbing the career ladder just might be knitting, taking a ceramics class or refurbishing old cars. […]

Wills that leave values, not valuables

You’re accustomed to seeing personal-finance articles on this site, and a quick scan of the archives will reveal every imaginable personal-finance subject. You’ll find blogs about the best zero-percent-APR credit cards and how to track down the best high-yield savings accounts. You’ll spot posts on financial plans and funding home purchases and college educations. […]

Anatomy of a credit-based insurance score

If you drive a motor vehicle in the United States, it is compulsory in most states to carry insurance. Auto insurance is one of the “big wins,” where a little effort provides a big payoff, not just once, but again and again. There are several well-known ways to save on auto insurance ranging from keeping a clean driving record to shopping around. […]

The Myth of the Post-Retirement Worker

This post comes from Libby Kane at our partner site LearnVest.com. By now, you’re probably aware that the average American is woefully underprepared when it comes to saving for retirement. “That’s okay,” you might think. “I can always just work for a few more years, or take on a part-time job to cover my expenses.” That’s a common belief many of us hold. […]

Have you considered these low-cost healthcare options?

We have a nephew who lives in Switzerland whose wife recently gave birth to their second son. She stayed in hospital for an entire week and the blessed event cost them … nothing. Contrast that with this report from the New York Times, detailing the high cost of childbirth in the States. Obamacare is an attempt by the Government to “do something” about the problem. […]

Learning to live with risk

The stock market has had some rocky sessions lately, but we should be used to that. The 21st century has already dished out two major bear markets in stocks, not to mention what has happened to real estate, oil futures, and gold at various times in the 2000s. We are having to learn to live with risk. That is not natural for me. I am not a risk-taker by nature. […]

Frequent Flier Miles Will Soon Favor the Rich

This post comes from Libby Kane at our partner site LearnVest.com. We don’t need to tell you that air travel is expensive. That’s even with airline loyalty programs, which generally grant frequent-flier miles to travelers based on the distance traveled. These are later redeemed for a free trip (or part of a trip). But rewarding customers this way is slowly being abandoned by the industry. […]