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 7)

How Expensive Is Your Ego?

Social media has changed our lives in many ways, but here’s one nobody probably foresaw: criminals brazenly boasting about their deeds on Facebook. Some misdeeds are probably more humorous than deadly, like Michael Baker, who siphoned gas from a Jenkins, KY police cruiser, and then posted a video on the site with many eyes, complete with a bird salute to Kentucky’s finest. […]

Is borrowing money a form of addiction?

In writing about household debt, as I often do, I sometimes feel a bit like Tom Wolfe writing the Electric Kool-Aid Acid Test: I’m trying to capture the character of a strange phenomenon while not myself taking part in it. Throughout my adult life, I have avoided taking on debt as much as possible and have always repaid it on or ahead of schedule. […]

Spring break on a bare minimum budget

This post comes from Chloe Paglia at our partner site Zing. Dealing with the frigid winter months usually means fantasizing about heading somewhere else for a few days. For college kids particularly, it means dreaming of putting down our books, gathering up our friends and leaving for spring break. […]

News flash: You are now allowed to spend retirement savings

Aside from the need to work, toil and slave to salt away one or two million bucks or more, there’s one thing that has long ticked me off about the whole topic of retirement planning — the single-minded focus on accumulation. Entire libraries could be filled with the books, newspaper pieces, magazine articles, DVDs and CDs devoted to the why, how, when and where to stockpile assets for retirement. […]

Money mistakes to avoid in your 20s

The year 2013 was a milestone for me with lots of life changes. As I step deep into my 30s now, I thought it might be interesting to take a look back at my 20s. If I could go back and give my 22-year-old self some sage money advice (I was just out of college and starting graduate school in a new country), what would it be? […]

Precious metals: The effect of QE tapering on gold and silver

This post comes from Keith Guyot at our partner site Zing. Gold prices fell more than 25% from January 2013 to January 2014, according to Goldprices.org. Silver was down nearly 36% in that same time period. Meanwhile the Federal Reserve’s balance sheet ballooned from $3 trillion to $4 trillion in 2013, and has grown nearly fivefold since the beginning of the recession in 2008. […]

MyRA Exposed!

In his State of the Union address, President Obama introduced the myRA account. It stands for “My Retirement Account.” WHAT IS IT? The myRA is a new variant of the Roth IRA, with the following features: 1. Contributions are after-tax, like a regular Roth IRA, not pretax like a regular IRA or 401(k) fund. 2. All gains accumulate tax-free. 3. […]

Are you investing or betting?

To my way of thinking, putting your money behind the Bitcoin represents a bet rather than an investment. Of course, the distinction can be confusing — outside of sports pages, the place you might most often see people referring to bets is in the financial news. Any large or prominent financial stake in something is likely to be referred to as a bet. […]

How to keep your pets safe this winter

This post comes from Halina Matt at our partner site Zing. If you live in these United States, then you’re painfully aware that so far, this has been one of the coldest winters ever on record. Well, technically I’m not sure if it’s the coldest on record, but man, it sure feels that way, doesn’t it? […]

To love, cherish and argue about money

In the 1960s-era suburban landscape where I spent my formative years, the atmosphere was much less structured than it is today. If we kids wanted to see our friends, it was routine for us to run to their homes, open the back screen doors and stroll right in. But if their parents were fighting, as wasn’t uncommon, we beat a hasty exit out that same rear portal. […]