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 147)

Don’t Let Short-Term Events Disrupt Long-Term Planning

This is a guest post from Darwin’s Finance. If you like what you see here, please consider subscribing to his RSS Feed. While it’s difficult to overcome the urge to react to unexpected events in our lives, patience and consideration of the facts almost always yields better results than emotional reactions. […]

How to Report Visa and MasterCard Violations

In the past week, I’ve written up the credit card acceptance guidelines for both Visa and MasterCard. But what if a merchant doesn’t follow the guidelines? What recourse do you have? In short, you can report them to Visa or MasterCard and (hopefully) corrective action will be taken. […]

MasterCard Credit Card Acceptance Guidelines

Last week I wrote about Visa’s credit card acceptance guidelines. This week, I thought it would be interesting to take a look at MasterCard’s merchant guidelines. MasterCard credit card rules What follows is a synopsis of MasterCard’s rules regarding card acceptance straight from their merchant guide. […]

Sallie Mae Introduces High Interest Savings Account

This is interesting… Sallie Mae, traditionally a provider of federal and private student loans, has just entered the retail banking world. Their initial products include a high interest savings account and CDs with fairly competitive rates. The current rate on their savings account is 1.35% APY, and their CD rates range from 1.50% APY for 12 months up to 3.00% APY for 60 months. […]

Two Common Mortgage and Housing Mistakes to Avoid

Like millions of other Americans, my wife and I are upside down on our home mortgage – i.e., the amount we owe exceeds our home’s value. If I had it to do over again, rather than buy with $0 down, I would rent, save money, and buy only after it made more financial sense than renting. If only I could go back in time to alter our decision to buy! […]

How to Improve Your Credit Score

Like it or not, your credit score is a very important number. So what can you do if you have a low score and want to improve it? Here are five simple steps that you can take to do just that: Check your credit report. You’re entitled to a free credit report from each of the major credit bureaus once per year, so there’s no excuse not to do this. […]

Ask Your Bank for a Better Deal

Last fall, my wife and I went into our nearest bank branch to set up a new savings account for a trust that we’re managing. […]

Encouraging Family and Friends to Improve Their Finances

Is money a taboo subject with your friends? I’m not sure about anyone else, but I don’t think it’s taboo to talk about money. I do, however, recognize that it may be awkward and thus considered a bit wrong by someone to talk to others about how they should handle their finances. […]

How Do You Know if a Credit Card Number is Valid?

As a followup to my recent post about what your credit card number means, I wanted to throw out a bit more credit card trivia and talk about how you can tell if a credit card number is valid. As you may or may not aware, most credit card numbers are generated based on something known as the Luhn algorithm. […]