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 140)

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). […]

How to Support Haitian Relief Efforts

As you’ve likely heard by now, Haiti recently suffered a devastating earthquake. If you’re interested in helping the relief efforts by donating money but don’t know where to start, please check out the following non-exhaustive list of options: The American Red Cross has pledged an initial $1M in support. […]

Your Debt-to-Income Ratio: What It Is and Why You Should Care

Think back to the last time you financed a purchase — be it a home, automobile, or what have you… You may remember having heard the term “debt-to-income ratio.” Today I want to spend some time going over exactly what this ratio is, and to also touch on how it can effect your personal finances. What is your debt-to-income ratio? Commonly referred to as your “DTI,” your debt-to-income ratio is a per […]

What is the Retirement Savings Contribution Credit?

Did you know that you may be able to get an income tax credit simply for contributing to an employer-sponsored retirement plan, or to an IRA? This is over and above the tax deduction that you may get for making such contributions. Too good to be true? […]

Income Tax Adjustments to Consider

We’ve recently been organizing our paperwork in preparation for getting taxes done properly this year. We’re looking for ways to legally reduce our tax burden through tax deductions and tax credits, and I wanted to share some income tax adjustments you may or may not be aware of. I’m talking here about are deductions on your 1040 that you can claim whether or not you itemize. […]

Charles Schwab to Reduces Brokerage Fees

I recently learned that Charles Schwab is reducing the price of trades through their online brokerage to a flat rate of $8.95/trade. […]