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)

How to Get a Good Deal on an Apartment

As I mentioned last week, we’ve been busy hunting for an apartment since our house closing fell through. The good news is that we just signed the papers on an apartment that will be cheaper and give us a place to live while we re-start our house hunt. […]

Testimonial From a Peer Lending Borrower

A reader named Jo left an interesting comment in response to my recent Lending Club update. As it turns out, Jo has been involved in peer lending (via Prosper as opposed to Lending Club), albeit as a borrower instead of an investor/lender. According to Jo: What you guys (lenders) do for us who are in desperate need of loans is a fortuitous favor. […]

Using CDARS to Protect Large Deposits

Have you ever heard of the Certificate of Deposit Account Registry Service (CDARS)? If you haven’t, you’re not alone. CDARS is a private, for-profit service that spreads large deposits (anywhere from $10k above the FDIC insurance limit up to a maximum $50M) across numerous banks. […]

Weekly Roundup – Healthy Living Edition

Another week, another weekly roundup… Before we get to the links, I just wanted to share with you a project that I’ve been working on… It’s a blog devoted to health and fitness. I actually launched this back in 2008, but had to put it on hold when things got too busy. I revived it last month, and will be adding fresh content to it from here on out. […]

Lending Club Update – November 2009 Performance

During the month of November, my net annualized return with Lending Club took a bit of a tumble. The reason for this is that the loan from my “High Risk” portfolio that had gone into default was finally written off. […]

Using a Solo 401(k) to Facilitate Roth IRA Conversions

As I’ve noted in the past, the income limits on Roth IRA conversions are going away in 2010. This is great news, especially for those that make too much money to contribute to a Roth IRA. Consider the following… Even if you make too much money to contribute to a Roth IRA, you’ll soon be able to make a non-deductible contribution to a Traditional IRA and immediately convert it into a Roth IRA. […]

Obesity Costs More Than You Think

In case you haven’t noticed, we’re living in the midst of an epidemic of childhood obesity. And for that matter, adults aren’t doing so well themselves. A couple years back, I got very interested in this topic, so I did some research, and found the answer. It’s a little complicated, but not really. Some of it sounds like a conspiracy theory, and some of it is common sense. […]

Is it Time for Cash to Make a Comeback?

This is a guest post from Kevin Mercadante of Out of Your Rut. Kevin is also author of Lighten Your Load, an e-book focused on reducing living expenses while still maintaining a comfortable lifestyle. Credit limits are cut. Interest rates are increased to 29.9% after just one missed payment. Rewards programs are reduced and perks eliminated. […]

Get a $50 Bonus From Chase Freedom

This is just a quick note to let you know that Chase FreedomSM is offering a $50 bonus for new cardholders. Simply apply for the card and you’ll get the bonus after your first purchase with or use of the card. Here’s the scoop: Receive $50 Cash Back after first purchase You will receive $50 in bonus rebates with this bonus offer, which can be redeemed for a $50 check. […]

Handling Financial Setbacks

I was hoping to write about the logistics of moving and painting parties, but we just had a huge setback with our home purchase. Last Monday we did our walk through and it went well. There were some minor things that needed to be fixed before we closed, but we were happy with what we got. […]