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)

Effect of Paying Off Your Mortgage on Your FICO Credit Score

Have you ever wondered what sort of impact paying off your mortgage would have on your credit score? I have. In fact, that’s the primary reason that I signed up for a free trial of MyFICO ScoreWatch late last month. Well… I now have my “before” and “after” credit score, and guess what? It went down! At the time we paid off our mortgage, I had a FICO credit score of 781. […]

Cash in Your Gift Cards

A couple of gift-card related tidbits… For starters, be sure to use your gift cards. According to an article in the WSJ, Americans spend $65B per year on gift cards (no including bank issued, pre-paid cards), with $6.8B going unredeemed. In some cases, that money becomes “abandoned property” that is collected by the state. […]

Celebrate Debt Reduction Milestones

Few celebrations are sweeter than those centered around accomplishment through sacrifice. Sacrifice yields success Simply put… Debt reduction takes sacrifice. It requires us to set aside immediate desires in favor of long-term piece of mind. It’s not easy, and we’re not robots. […]

Weekly Roundup: The Internet is Getting Expensive Edition

After months of consideration, the NY Times has confirmed that they will begin to charging consumers who wish to access more than a certain number of articles per month. This all begs the question… Would you pay to access this sort of content on the web? Or would you just look elsewhere? While you think about that, here are some links to interesting articles that I’ve recently run across. […]

What Inflation Will Do to Your Retirement Savings

This is a guest post from Richard Barrington, who is a banking analyst for MoneyRates.com. Richard previously spent over twenty years as an investment industry executive. One of the ways 2009 made history was by having the most sustained episode of deflation since the 1950s. As the year progressed, however, it was clear that inflation was making a comeback. […]

AT&T, Verizon Price Cuts: Change Plans, Get a Lower Rate

In case you missed it, AT&T and Verizon are in the midst of a wireless price war. As of yesterday, both companies have been cut the prices of their “unlimited” plans by as much as 30%. If you have one of these plans and want to take advantage of the lower rates, you have to contact them to switch plans. The good news is that you can do this without renewing or extending your contract. […]

Life Without a Mortgage

As a followup to Friday’s post about having paid off our mortgage early, I wanted to spend a bit of time talking about how things will be different in the absence of our mortgage. […]

How We Paid Off Our Mortgage in Under Ten Years

Guess what? We paid off our mortgage. That means we have now have no debt. Zip. Zero. Zilch. Nada. Nothing. And do you know what? […]

Should Speeding Tickets Cost More for the Wealthy?

I recently ran across an interesting article about a Swiss Court fining a speeder $290,000. Apparently the court decided to base the fine on the offender’s $20M net worth. Apparently he/she is a repeat offender and was traveling at a little more then 1.7x the posted speed limit (137 km/hour in an 80 km/hour zone). […]