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 10)

How Automation has Helped Me Reduce Debt and Save

Readers often e-mail me for tips on how to keep their finances manageable. There are so many options out there that it can be overwhelming. I was speaking with my mom about this some time ago, and she felt the same way. My mom has been responsible with her money over the years, but she felt that she could be doing better. […]

Unpaid Internships: A Graduate’s Dream… or a Nightmare?

It’s the ultimate catch-22: in order to get a job after graduation, you’ll need experience. In order to get experience? Well, you need a job. The solution for many students is to look for intern experience, which can be made to fit in around a demanding college schedule. This might mean working through summer or winter breaks, even for several years. […]

How to Remove a Cosigner from a Student Loan

Adding a cosigner to a student loan has become common practice. After all, very few students can qualify for a loan based on their own income and credit profile. […]

Extra Cash? How to Decide Whether to Pay Off Debt or Invest

If you have extra cash or come into a sudden windfall, is it smarter to pay off your debts or invest the money? A woman came into my office the other day wondering this exact thing. Well, she didn’t ask the actual question… I did. She had a mound of credit card debt, clicking away at 12% interest. […]

Can You Take Time Off to Raise a Family Without Ruining Your Career?

In an ideal world, you would really be able to “have it all.” You know, the perfect parent with a model career, which fits neatly alongside family life. The reality is, though, parents often feel like they’re under pressure from all directions. Naturally, you want to do the best for your children and support your family unit. […]

Can You Take Time Off to Raise a Family Without Ruining Your Career?

In an ideal world, you would really be able to “have it all.” You know, the perfect parent with a model career, which fits neatly alongside family life. The reality is, though, that parents often feel like they’re under pressure from all directions. Naturally, you want to do the best for your children and support your family unit. […]

How to Invest in Yourself (Without Spending a Lot of Money)

No matter your current stage of life, there are always opportunities to spend money on bettering yourself. These include things like continued education, vocational qualifications, or professional certifications. […]

Tax Day is Here! Now, What Should You Do With That Money?

Well, April 18 has finally arrived, which means that we should all have our taxes filed, signed, and sealed by midnight tonight (unless, of course, you’ve filed for an extension). Whew! […]

Get a Better Mortgage Rate Without Refinancing

For several years before 2017, mortgage interest rates just kept falling. Just when you thought they couldn’t go any lower, they did. But with the Fed’s recent announcement of an increased benchmark rate, banks are bumping up their prime lending rates. Even still, rates are quite low. […]

How to Request an IRS Income Tax Extension

It’s that time of year again… taxes are due in two weeks! So if you haven’t finished your returns yet, it’s time to get cracking. But what if you realize that you’re not going to make it in time? Well, I have good news and bad news for you. The good news is that you can request a six month extension, which is automatically granted. The bad news? […]