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 139)

The High Cost of Credit Card Debt

Last night while going through the mail, I happened upon our Chase Freedom Visa statement. Don’t ask why we’re still getting a paper statement from them, as I’m honestly not sure – guess I need to change that. Anyway, I don’t usually look at our credit card statements too closely, as we pay our credit card bills in full every month. […]

Get Out of Debt Success

If you’ve tried several times to get out of debt and can’t seem to manage it, this is the article you’ve been waiting for. […]

Best Retirement Plan for Small Business Owners?

This is a guest post from Dan Wesley, who is the CEO of CreditLoan.com. If you like what you see here, please consider subscribing to their RSS feed. Salaried employees generally have an employer-sponsored 401(k) retirement account administered by the company’s HR department. Failing that, many use Individual Retirement Accounts (IRAs) from local banks, credit unions, or brokerages. […]

Strategic Defaults: Buy Now, Default Later

Over the past few months, it’s become clear that a lot of homeowners are strategically defaulting on their homes. In other words, they’re intentionally walking away from their mortgage obligations because they owe significantly more than their home is worth, even if they can afford to keep making the mortgage payment. But what then? […]

Car Insurance: Dealing With an Accident

Last week while driving home, my husband and I got into a car accident. We were stopped at a red light behind another car. […]

What To Do With a Lost Credit or Debit Card

Have you ever wondered what you should do if you find a lost credit or debit card? We ran into this situation over the weekend, and I thought it would make for an interesting discussion topic. Finding a lost card We took the boys to see a movie on Saturday. My wife and I were out and about separately, so we decided to meet at the theater. […]

Buying Lending Club Notes on the Secondary Market

Earlier this week I began experimenting with the Lending Club note trading platform. I’ve been investing with Lending Club for about 14 months now, and have almost exclusively invested in new loans. […]

How to Deposit Checks by Mail at ING Direct

As a followup to yesterday’s post about depositing scanned checks, I wanted to share a tip for depositing checks into your ING Direct account. Because ING Direct doesn’t yet support the uploading of check images, I’ve typically deposited checks at my local bank and then initiated an ACH transfer. […]

How to Survive Financial Betrayal

If you’re old enough to read, then you’ve almost certainly been “had” financially once or twice. Perhaps a “friend” borrowed money and didn’t pay it back. Instead, she “remembers” that it was a gift from the start — and tirelessly tries to convince you. Or maybe your brother-in-law sold you mortgage life insurance — and you didn’t need it. […]