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 2)

5 Quick Fixes to Improve Your Credit Score

Over the past ten years, the average credit score in America has hovered in the high 600’s. This is considered a fair credit score, but definitely not excellent. If you’re among those who have a fair credit score and are looking to improve it, you’ll have to focus on a few different financial principles. Fortunately, there are easy fixes to improve your credit score. […]

5 Ways to Save Big On Things You’re Already Buying

5 Ways to Save Big on Things You Already Planned to Buy I’ve never been the type of person to clip coupons at the grocery store. If you are like me, you may have found that proactively browsing for 10 cent deals is not a cost-effective use of time. However, I still love a good value. Nowadays, I can leverage technology to help me save on items that I am planning to buy. […]

Top Credit Card Fees to Watch Out For (and How to Avoid Them)

At the end of day, banks and credit card issuers are businesses. As such, one of their primary aims is to make a profit. Part of the way these companies make money, of course, is through fees. Many people think that credit cards are bad because they get you into debt and can cost you money. […]

Why borrowing for a wedding is a bad idea

I enjoy weddings. I’m just not sure how much I’d pay for one. That thought was prompted by reading recently that the typical wedding in the United States costs around $30,000 these days. Now, I’m a little skeptical about that number. After all, there is whole cross-section of businesses dedicated to promoting the idea of big weddings. I think of it as the wedding industrial complex. […]

How to decide whether to pay off debt now or later

A very wealthy and successful guy I used to work for once mentioned something about his mortgage to me. I was a little taken aback, and asked why someone with his money would still have a mortgage. […]

Money worries and woodpeckers

I suppose it is bound to happen if you live in a wooden house in a semi-rural area. Our house has become besieged by woodpeckers. The insistent, get-you-up-out-of-bed nagging of their rapping on the walls reminds me of the inescapable angst of having money worries. The problem is, I know what to do about financial doubts. […]

Depending on stock returns to fund your retirement? Think again

How worried should I be? That’s a question financial people get a lot when the market is as unstable as it has been over the past several weeks. Actually, it’s a question we ask ourselves in those environments. Having both asked and answered that question several times recently, let me share some of the answers I’ve come up with. Down 500 points? […]

The hidden costs of bad credit

The worst thing about bad credit isn’t being turned down for a loan or a new credit card. After all, there are worse things than not being able to borrow. […]

7 bad things about low interest rates

If you have been able to buy a house or refinance a mortgage in recent years, then congratulations. You have been a beneficiary of the Fed’s extraordinary effort to keep interest rates low. […]

8 questions to ask before lending money to friends

It’s one of the most awkward questions a friend can ask you: “Will you lend me some money?” Awkward for your friend to have to ask, and awkward for you to have to answer. Saying “no” could adversely affect your friendship. […]