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 154)

Are You In a Dead End Job?

How can you tell if you’re working in a dead end job? Wikipedia defines a dead end job as: “a job in which there is little or no chance of progressing and succeeding into a higher paid position. Such work is usually unskilled and the phrase usually applies to those working as shelf stackers, cleaners, or other menial jobs where the pay is low, and the hours are long.” What do you think? […]

Why Doesn’t Sam’s Club Accept Visa Credit Cards?

Have you ever wondered why Sam’s Club doesn’t accept Visa-branded credit cards? I mean, they accept MasterCard (and Discover!), so why not Visa? It’s understandable that they don’t accept Amex, as many merchants avoid Amex due to their relatively high merchant processing fees. But Visa and MasterCard credit cards have similar processing fees, so why accept one and not the other? […]

Visa vs. MasterCard: Does it Really Matter?

When it comes to choosing a credit card, I frequently hear people advising others to get a Visa card because they’re so widely accepted. While I definitely buy this argument when it comes to comparing Visa vs. American Express or Discover cards, I’m much less convinced when it comes to Visa vs. […]

Setting Up Your Freelance Business

As I’ve noted in the past, I’ve been generating a decent amount of freelance income over the past couple of years. After I resigned from my “real” job in 2008, I actually took the plunge and started freelancing as a full-time job. Today I want to talk a bit about how I got everything set up. Making it legal My first priority was to make sure I was doing everything on the up-and-up. […]

Shield Your Bank Account From Fraud With an Intermediary Account for Online Payments

This morning I talked about the relative safety of different online payment methods. As a followup, I wanted to share a tip for protecting yourself from fraud related to online payment services such as PayPal. On the one hand, online payment services arguably add a layer of protection between your payment information and the vendor on the other end of the transaction. […]

Credit Cards are Safest Online Payment Medium

Do online purchases make you nervous? I’m all about shopping (and banking/investing) online, but there are still people out there — especially amongst the older set (Hi Mom! Hi Dad!) — who aren’t very comfortable with e-commerce. Well, according to a recent article in the NY Times, if you do venture online, credit cards are the safest payment medium. […]

Credit Card Offers: Chase Bank Credit Cards

Today marks the second installment of the weekly Saturday look at current credit card offers from major issuers. […]

Lending Club and Taxes

After spending the last two evenings pulling our tax paperwork together, I wanted to share a little tidbit on documenting your Lending Club earnings. […]

Money Management Made Easy

While sitting at my computer last night, Son #2 wandered over and started chatting me up. He recently received some cash gifts for his 10th birthday, and had money on his mind. He’s always been good with money and often amazes me with his wisdom. Once again, he didn’t disappoint: “You shouldn’t spend more money than you have or you’ll go into debt. […]

Graduate School Loans – Should You Avoid Education Debt?

Should you go into debt to pay for graduate school? A reader named Shana recently wrote in with the following question about taking on student loans to further her education and set up a future career in counseling: I recently graduated from college with a B.S. in Psychology. I have no student loans. I have $4,600 in credit card debt. […]