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 155)

Inside the Patient Protection and Affordable Care Act: What Healthcare Reform Entails

In case you haven’t heard, the House of Representatives passed the healthcare reform bill (H.R. 3590) yesterday in a divisive vote that saw every single Republican vote against the bill while 219 of 253 of Democrats voted for it. President Obama is expected to sign the bill into law on Tuesday. This is a large and complex bill whose effects will be phased in over the next six years. […]

Alternative Approaches for Investing With Lending Club

A reader named BC recently wrote in to share his experience investing via Lending Club even though he lives in an ineligible state. For those that are unaware, residents of 22 states are ineligible to invest directly in Lending Club notes*. In most cases, however, there is a workaround, as you can still invest in Lending Club notes via their trading platform. […]

Credit Card Offers: PenFed Reward Credit Cards

Today is the first installment of a new, recurring feature on FCN where I’ll be highlighting various credit card offers and possibly other financial products (high interest savings accounts, high CD rates, etc.). […]

Selling Lending Club Loans to Reduce Risk

Earlier this week I decided to try my hand at selling a small number of Lending Club loans. These are loans that have either entered the grace period, or that have gone late (but not too far late). I figure that taking a small loss now beats taking a big loss later. In deciding to sell these loans, I looked at both their repayment history and their recent credit score history. […]

Identity Theft on the Rise

According to a recent survey by Javelin Strategy & Research, identity theft is on the rise. […]

Repay Second Mortgage or Student Loan Debt First?

This past Monday, I sent Lending Club a final check for $1,582.05 – thus settling our Lending Club loan and reducing our creditors to four. The debts we owe are now limited to two student loans and two mortgages. Today, I’m asking for your advice as to which we should repay next. Only student loan and mortgage debt left Remember the Jeep that I totaled and had in the shop for 8 months last year? […]

Quicken Essentials for Mac – Taking a Step Backwards?

I just received a mailer yesterday announcing the arrival of Quicken Essentials for Mac, which is the long-awaited update to Quicken 2007 for Mac. Quicken Essentials was actually released back in February, but I somehow missed the announcement. On the surface, this update sounds great. […]

Banks With Consistently High Interest Rates

Are you interested in earning the highest interest rate possible on your hard-earned savings without having to constantly chase rates from bank to bank? […]

How to Handle Irregular Income

It’s been a busy last couple of months, but I’m amazed at how well everything is going so far in 2010. Among other things, I just received a small windfall from my freelance and blogging business. My freelance income has otherwise been fairly steady, with some irregular income for bigger projects and other things. I try to make my irregular income go as far as possible. […]

Roth IRA as an Emergency Fund?

Building an emergency fund is one of the critical first steps to personal financial success. With that in mind, a reader named LG recently wrote in with a question about using a Roth IRA as an emergency fund: I know you’ve written a lot about emergency funds, but my question is can a Roth IRA serve as an emergency fund? At first blush, the answer seems obvious. […]