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 9)

What a trip around the world taught me about money

This post comes from Jen Smialek at our partner site Quizzle.com. For the past five weeks, I’ve been fortunate enough to realize one of my wildest dreams: Taking a trip around the world. A whirlwind tour due to various professional and personal responsibilities, I flew over 30,000 miles and visited 13 different countries in the span of 40 days. […]

How will the government shutdown impact you?

Even the most passionate avoiders of news have heard: the government of the mightiest country in the world has shut down. Even the Taliban is having a field day over something that must seem really strange to them, being hardly the most devoted civil servants in the known world. And indeed it is a strange sight, even for “civilized” countries. Do any other of them have the same problem? […]

How to prepare financially for a bundle of joy

We will be welcoming our first child in less than a week. We started having a lot of conversations about starting a family a couple of years ago and have been preparing for it, including moving from dual incomes to one. It has been a roller coaster ride for us — emotionally, mentally, financially and physically. Of course, we cannot prepare for everything, but we wanted to do our best. […]

Budgeting for the present and future

Most people wrestle with a conflict between the present and the future — how do they meet immediate financial needs and still set aside money for retirement? Learning how to use budgets can be a way of bridging this gap between present and future. When you are getting started, budgeting can seem a little intimidating. […]

Can You Go Completely Paperless with Your Finances?

This post comes from Sean T. Johnston at our partner site Quizzle.com They say that “cash is king.” But some people would like nothing more than to overthrow his majesty in favor of electronic payments. After all, cash is dirty, insecure and hard to account for. For some, the personal check is still the standard way to pay for goods when you don’t have the cash and don’t want to use a card. […]

The Psychology of Social Security Claiming

Philosophers, op-ed writers and other big thinkers are among the many folks always scouring for linkages between seemingly disparate trends and occurrences. Want a few examples? Well, there’s the link between the need for World War II defense workers and the post-war emergence of the film noir femme fatale. […]

Take a day off for (often forgotten) financial housekeeping

There are two categories of tasks that keep the financial machine running smoothly — essential tasks and beneficial tasks. Most people recognize the essential tasks as something they should do at least once a year: Open or review your retirement account, re-balance your portfolio, review your insurance needs, etc. But somehow the beneficial tasks don’t seem to get the same attention. […]

What is cash flow?

This post comes from Miranda Marquit at our partner site Quizzle.com. A lot of the time, when we consider income and expenses, we think mainly in terms of how much is coming and how much is going out. When we struggle with finances, we assume that we need more money, or that we need to spend less. […]

What the America’s Cup victory can teach you about your financial future

If you didn’t hear the news, the America’s Cup was run in San Francisco recently. What it isn’t The way the sailboaters and media make it sound, the America’s Cup pits one nation’s best against the best of another nation to determine who’s the champion of the world. That, as it turns out, is not exactly the truth. […]

Marriage and money: Sharing the load

Over the past 30 years, I’ve had ample opportunity to see how married couples handle their finances. Some do a better job than others, but in general it is healthier for those finances — and the marriage itself — if both spouses take the attitude that they are in this thing together. […]