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 133)

Reducing the Cost of Medical Care

My brother has had a hard time getting medical insurance in the past because he was out of school and didn’t have a job with health coverage. He and the family have thus had to be creative to keep their medical bills from overwhelming them. Medical expenses can be a huge burden. With basic ER visits often costing $1500 or more, one mishap or illness can burn a huge hole in your wallet. […]

More than You Think: The True Cost of a College Education in America

This is a guest post by Jena Ellis, who specializes in writing on the topic of Online Certification Courses. She can be reached via e-mail at: So you’ve finally hit that stage… You’re sending your kids off to college. This phase is one of the most important and trying times both for parents and children. […]

How to Handle a Bank Error in Your Favor

As you’re likely aware, bank aren’t perfect. Sometimes they make mistakes. And sometimes those mistakes actually favor the customer. Over the past week I’ve been dealing with a fairly significant bank error in our favor – as they say in Monopoly – and thought I’d share the story. The backstory A week ago this past Wednesday, I made a transfer from Bank A to Bank B. […]

How to Overcome Criticism Hangover and Make More Money

OK. I’ll admit it. “Criticism Hangover” is a word that I just made up – but I bet you know what it means. It’s that feeling that you used to get when you left the front door open and the cat ran out of the house. You felt like your parents would slice you up like a Christmas turkey as soon as they found out. […]

Thoughts on Buying a Vacation Home

Over the years, we’ve toyed with the idea of owning a vacation home. When I was a kid, I always envied families with a lake house, and even as an adult I’ve been drawn to the idea. As time has worn on, however, we’ve cooled on the idea. […]

Discover Bank Premium Savings Account Upgrade

In talking about our financial network map, I mentioned that we’re receiving 1.50% APY from Discover Bank. A reader named Alan asked about this, pointing out that Discover lists 1.35% APY on their website. Upon noticing this discrepancy a week or so ago, I was likewise confused. […]

Staying on Track With Your 2010 Financial Goals

The year is flying by and in a few short months it’ll be 2011. Like many people, I set a number of financial goals for this year. I used to have a huge list of goals, which I inevitably didn’t meet. […]

Credit Cards and Minimum Purchase Requirements

We’ve talked in the past about how the major credit card issuers don’t allow merchants to require a minimum transaction amount in order to accept a credit card (e.g., here and here). Well, guess what? […]

Mapping Out Our Financial Life

The other night I spent some time streamlining our banking system. I’ve more or less settled on three core online savings accounts: ING Direct, Ally Bank, and Discover Bank to go along with our local bank accounts. Why these three? As many of you know, I love the convenience of ING Direct. They’re so good at so many things. […]

Link Roundup: Transmission Trouble Edition

Over the past week or so, my wife’s 2004 Odyssey has given her a blinking green “D” (drive) light on several occasions. After looking in the owner’s manual, we were a bit concerned because the blinking green light is a sign of transmission trouble. For those that are unaware, the 2nd generation (1999-2004) Honda Odyssey has a history of transmission troubles, particularly in the earlier years. […]