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)

Weekly Roundup – Cold Water Edition

About three weeks ago, our hot water heater tripped the circuit breaker. In the time since then, it’s become clear that it’s in need of serious help. While we could’ve had it repaired, we decided to go ahead and replace it. Unfortunately, the unit that we want had to be ordered, so we’ll be without hot water for the better part of this week. […]

Lending Club – August 2009 Performance

As August came to a close, I was enjoying a 12.40% net annualized return with Lending Club. Throughout the month, I focused on expanding my holdings beyond my original “High Risk” and “Low Risk” test portfolios. In addition to those two portfolios, each of which has 20 loans, I’ve created an “Ongoing” portfolio with an additional 79 loans. […]

Avoid Overdraft Fees With a “Balance Buffer”

As a followup to my recent post on the dark side of debit cards, I wanted to highlight a simple strategy for avoiding those nasty $30+ overdraft fees… Instead of letting your account balance run down near zero, create a “virtual zero” by depositing what might be referred to as a “balance buffer” of (say) an extra $100 or $500 in your account. […]

Why Do You Want To Be Debt Free?

Have you noticed the increased buzz about “becoming debt free” lately? Everywhere we turn, more and more people are talking about clipping coupons, cutting expenses, building emergency funds, etc. This has been especially true over the last year or so. Why all the hype? […]

How Automation has Helped Me Reduce Debt and Save

Readers often e-mail me for tips on how to keep their finances manageable. There are so many options out there that it can be overwhelming. I was speaking with my mom about this some time ago, and she felt the same way. My mom has been responsible with her money, but she felt that she could be doing better. […]

American Express Introduces Online Banking Products

If you’re in the market for a new bank, you might want to keep your eye on American Express. According to a company press release, they’re introducing a new online savings account as well as a variety of CDs. […]

The Pareto Principle and Building a Better You

The Pareto Principle holds that, for many events, 80% of the effects can be attributed to 20% of the causes. […]

Credit Cards: Can’t Get No Satisfaction?

According to J.D. Power’s recently released “Credit Card Satisfaction Study,” overall cardholder satisfaction fell to a three year low in 2009. […]

The Dark Side of Debit Cards

If you’ve followed this site for any length of time, you’re likely aware that I’m not a huge fan of debit cards. While I recognize that they can be quite convenient at times, debit cards simply have too many disadvantages for me to use one instead of a credit card. In the past, my biggest concern has been fraud. […]

Five Lowest Paying College Majors

Earlier this week, we talked about the value of a “high end” college degree. Today, I wanted to follow that up by highlighting this list of the five lowest paying college majors… Lowest paying college majors Social work Special education Elementary education Home economics Music and dance Rounding out the top (bottom?) ten are: drama, leisure studies, philosophy, art, and audiology. […]