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 153)

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. […]

Joint or Separate: Which Checking Works Better For You?

This is a guest post from Kevin Mercadante of Out of Your Rut. Kevin is a former loan underwriter, and also author of Lighten Your Load, an e-book focused on reducing living expenses while still maintaining a comfortable lifestyle. Some accounts were meant to be separate. Retirement accounts are an excellent example. Others are probably better off being joint. […]

How to Choose a Mortgage Lender

I recently received an e-mail from a reader who was wondering how to select a mortgage lender. More specifically, he wanted to know: “If bank A offers me a certain APR with roughly $3,000 in closing costs, while bank B offers me a lower APR with roughly $3,000 in closing costs, but bank B is a no name bank, which do I pick? In the end, a contract is a contract, right? […]

Discover More Card Bonus Categories for 2010

Do you have a Discover More card? If so, you might be interested in learning more about the 5% cash back bonus categories for 2010. […]

Save Then Buy vs. Buy Now, Pay Later

Today I want to suggest a New Year’s resolution that is guaranteed to improve your bottom line. It’s a simple concept really… Do not purchase a good or service until you have saved the money to pay for it. Period. So why is this so hard for us to grasp, adopt, and live by? It’s not complicated, it’s not unreasonable, and it makes perfect sense. So what’s the deal? […]

What is a Donor-Advised Fund?

Last week, I gave myself a crash course in donor-advised funds. Unfortunately, it was too late, as I didn’t have time to act before the end of the year. I did, however, learn a lot, so I thought I’d share some of that knowledge with you. What is a donor-advised fund? A donor advised fund is essentially an umbrella charity run by an investment company. […]

America’s Most Expensive Cities

I just ran across an interesting article on that talked about America’s most expensive cities. […]