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)

Good Deals Don’t Always Pay

While I am a staunch frugalite, I am not a cheapskate! In fact, price is but one of many factors I consider when making a purchase, no matter how large or small. Like anyone else, however, I’ve made mistakes in the past that serve as continual reminders that good deals don’t always pay! You get what you pay for… Here are three examples that cheaper is not always better. 1. […]

Another Reward Credit Card Change?

A couple of months ago, I wrote about the new Citi Forward card. In case you don’t recall, it’s a relatively new reward credit card that offers ThankYou points instead of cash back rewards. While I much prefer cash rewards, the reward structure on the Citi Forward card is pretty attractive… You get five points for ever dollar spent on books, movies, music, and restaurants. […]

Buying Foreclosures Can Be Risky

This is a guest post form Carson Brackney of Personal Finance Analyst. If you like what you see here, please consider subscribing to their RSS feed. There’s always someone trying to find a silver lining when the skies are gloomy and gray. So it is with home foreclosures. […]

How to Get Off Junk Mail and Telemarketing Lists

Do you receive a lot of junk mail? What about annoying calls that interrupt your evening? If you do, you’re not alone. Read on for some tips for reclaiming your solitude. An ounce of prevention I used to work at a call center that tried to get people to try out a time share. […]

Lending Club: Invest in Your Friends

Over the weekend, our very own Matt Jabs (FCN contributor and finance blogger extraordinaire) dropped me a line to say that he and his wife have applied a loan through Lending Club. Why Lending Club? As you’re likely aware, Matt is working hard to get out of debt, and has also become somewhat dis-illusioned with big banks. […]

Switching to an iPhone: The High Cost of Awesome

Just over two weeks ago, I did something decidedly un-frugal. I dropped my Sprint SERO plan in favor of AT&T and an iPhone. That’s right… I willingly ditched a plan that gave me 500 anytime minutes, unlimited text messages, and unlimited data for $30/month. And do you know what? […]

Prosper Resumes Peer-to-Peer Lending

Just over a week ago, Prosper got permission from the SEC to re-launch their lending platform. […]

Borrowing From Big Banks – A Moral Issue?

*Me to group* “Hello everyone. My name is Matt and I’m a recovering big bank customer.” *Group replies in unison* “Hi Matt!” *Me to group* “I’m 33 years old, and have been borrowing from big banks ever since they courted me with offers of credit cards and free t-shirts on my University campus back in the 1990s. […]

Creative Budget Balancing

States across the country are hurting. High unemployment numbers and reduced corporate profits have gutted tax revenue. At the same time, every state besides Vermont has a law requiring a balanced budget. As such, state governments are getting desperate to make ends meet. A recent article in Forbes highlighted the lengths to which some states are going. […]

Save Money by Questioning Your Purchases

Today I just wanted to highlight an excellent comment that I recently received. In response to “Quit Shopping, Save Money,” a reader named ‘sekishin‘ said: “When considering a purchase, picture a stranger offering you [the cash value of the purchase] or the item in question. Which is of greater value you? […]