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)

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. […]

Dave Ramsey’s Baby Steps

While I’ve been somewhat critical of Dave Ramsey and his “Debt Snowball” in the past, he’s definitely helped an awful lot of people get their finances in order. Thus, I thought that it might be worth spending a bit of time talking about Dave’s “Baby Steps” for getting out of debt and improving your finances. […]

How to Save Money on Life Insurance

Life insurance is an incredibly important financial product. Unfortunately, it’s also relatively costly. With that in mind, I thought I’d put together some tips for saving money when you’re in the market for a life insurance policy. Get healthy Any insurer worth their salt will require a physical as part of the underwriting process. […]

Passive Income Streams: What They Are and Where to Find Them

Passive income is money received on a regular basis that requires little effort to maintain. Sounds great, doesn’t it? Generating passive income is a great financial goal because it’s a smart way to build wealth. One thing to realize is that creating passive income requires an upfront investment — whether it’s money or time. […]

Current High-Yield Online Savings Account Rates

I frequently receive e-mails asking my opinion as to which online bank has the best high-yield savings account. […]

Contribute to Your Roth IRA, Even if it Stretches Your Budget

Your 2016 taxes are due in just over three months. That also means that you have just over three months left to make any 2016 IRA contributions that you might have been putting off. But what if you’ve neglected to contribute to an IRA because you’re not sure you can afford it? […]

What’s a Side Hustle (and How Can It Help You Achieve Financial Freedom)?

Whether you want to pay off outstanding debt, save up for a house, or just have extra spending money, having a side hustle is a great way to reach your financial goals faster. The nice thing about side hustles is that they do more than just bring in extra income. […]