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 137)

Beware New Credit Card Fees

The most recent issue of Money Magazine had an interesting article about protecting yourself from new “credit card traps.” In it, they highlighted a number of changes that banks have introduced to improve their bottom line in the face of recent credit card legislation. Three of the big fees changes that they highlighted were: Fees because you’re not spending enough. […]

Money and Happiness

Does more money result in more happiness? As my wife and I lazily follow American Idol, we’ve noticed a common statement of hope uttered by many of the contestants, “American Idol is the best thing that has ever happened to me, it’s gonna change everything!” The contestants are not alone in their zeal to believe that happiness is a direct result of more money, fame, and/or success. […]

Too Young for a Credit Card?

In case you missed it, the CARD Act of 2009 went into effect on Monday. Among other things, the new legislation aims to curtail the marketing of credit cards to college students and others under the age of 21. More specifically, the CARD act requires colleges to disclose any marketing agreements they may have with credit card issuers, perhaps by just posting the info somewhere on their website. […]

When Will I Get My Tax Refund? What if My Tax Refund Check is Wrong?

While a lot of your probably haven’t filed your taxes yet — neither have we — many others have. It’s therefore likely that people are starting to wonder when they’ll receive their refund. How to check the status of your refund The good news is that IRS has a refund hotline (800–829–1954) as well as an online “Refund Status” tool for finding our when you can expect your refund. […]

Options for Reducing Your Student Loan Payments

I recently ran across an article about a woman with over $500,000 in student loan debt. While I’m amazed at the sheer amount of debt she is in, I know that’s she’s not the only person struggling with student loans. […]

Using Your HSA as a Retirement Investment Vehicle

As many of you know, we switched to a high-deductible health insurance plan (HDHP) this year. Along with that change came the opportunity to open a health savings account (HSA) to help offset our increased deductible. For those that are unaware, an HSA is similar to a flexible spending account (FSA), but better. […]

Independent Contractor vs. Employee: What’s the Difference?

I just ran across an interesting post about hiring a housekeeper over at GetRichSlowly. In the comments, a reader asked JD about how they handle the tax issues. His response was: Our housekeeper is not our employee; she is an independent contractor. Because of this, taxes aren’t an issue. This is a convenient answer, but is it true? […]

Highest Paying College Degrees

Earlier this week, I ran across some interesting data from the National Association of Colleges and Employers. More specifically, they had a listing of the ten highest paying college degrees of 2010. Note that they’re talking specifically about Bachelor’s degrees here, so things like doctors, lawyers, etc. are off limits. […]

How to Account for Lending Club Defaults in Quicken

As a followup to my previous article on tracking Lending Club investments in Quicken, I wanted to share how I account for defaults. If you’ve been reading my updates, then you’ll know that I had a borrower default last fall. […]

Should We Give Locally Before Giving Globally?

The need to give is everywhere. Giving is an important and integral part of personal and family budgets throughout the nation. As American’s we are blessed with an abundance, and with great abundance comes great responsibility. […]