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)

Will Moving to a Higher Income Tax Bracket Cost You Money?

I recently received a question from a reader that we’ll call Frank. Frank is up for a possible promotion, but was told by his boss that the pay increase would push him into a higher tax bracket, and would therefore “not be worth it.” Here are the details: I work 33 hours/week at $11.40/hour. My boss wants to give me a lead position and a raise of $0.20/hour. […]

MyFICO Free Trial and 15% Discount Promo Code

I was just filing some things away when I noticed that the e-mail confirmation that I received after canceling my free MyFICO trial included a promo code for a 15% discount. Here’s the scoop: SPECIAL SAVINGS + LIMITED TIME OFFER: You can continue to monitor important changes to your Equifax credit file and FICO score at a special rate. […]

When Should You Start Investing?

Shouldn’t I already be investing? Perhaps you’ve been asking yourself this question but have been unable to settle on an answer that you’re comfortable with. […]

How to Cancel Your MyFICO Score Watch Free Trial

Have you signed up for the MyFICO Score Watch trial to get free access to your credit score? If so, and you now want to cancel before you get charged (you have 30 days), then read on… From their FAQs: Thank you for trying Score Watch Free Trial, we hope you found our product informative, helpful and of value. […]

Getting a Better Deal on Our Home

Last week I mentioned that we finally closed on our condominium. As you might recall, we were originally supposed to close a couple of months ago, but the deal feel through at the last minute. […]

15 vs. 30 Year Mortgages: Which is Right for You?

I’ve had mortgages on the brain recently. When assembling our mortgage history the other day, I was struck by the decisions that we face along the way. Aside from deciding when to refinance, the biggest decision that we faced was what type of mortgage to get. While we could’ve (arguably) saved some money by opting for adjustable rate mortgages, we already have enough unknowns in our life. […]

Haiti Donations to be Deductible in 2009 (If You Want)

If you’ve been on the fence about donating to Haitian earthquake relief efforts, Congress just gave you one more reason to open your pocketbook… The House and Senate have both approved legislation that will let taxpayers claim their donations on their 2009 taxes. In the absence of this bill, you would’ve had to wait until you file your 2010 taxes to claim the deduction. […]

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. […]