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 156)

Sixteen Books About Money

The Vanguard Group recently published a list of books about money that would make great Christmas presents. There are nine books about investing, and seven books about financial planning. […]

Live Within Your Own Means, Not the Means of Others

It’s very easy to slip into “keeping up with the Joneses” mode. Your friends have a new TV, or maybe they traded in their old car for a new one. Or perhaps you want to get a nice big house like they have, and take advantage of the homebuyer tax credits at the same time. From personal experience, I can tell you that it’s not worth the stress and hassle of trying live within other people’s means. […]

Who and How Much to Tip During the Holidays

With Christmas just around the corner, I though now would be a good time to talk about holiday tipping. […]

Lending Club Defaults, Delinquencies, and Collection Details

Back in October, Lending Club hosted a webinar on “Credit & Collections.” Having had a couple of loans go late, and one actually wind up being charged off, I was naturally interested. While you’re more than welcome to view the webinar itself, it’s about 35 minutes long. […]

How to Ask for Discounts

When’s the last time you asked a seller to reduce their asking price? If you’re like most people, it’s probably been a long time. In fact, maybe you’ve never done it. “Haggling (bargaining) is common in some countries, such as China, Turkey and Egypt. […]

Lending Club $64.62 Signup Bonus

Those of you who have been following my blog know that I’ve been experimenting with Lending Club and have been impressed by the results. Guess what? Lending Club has upped the ante this month with a $64.62 signup bonus. This odd amount is in honor of the $6.462B that banks earned last quarter. […]

Opening a TreasuryDirect Account

Last night, I finally got around to opening a TreasuryDirect account. For those that aren’t familiar with TreasuryDirect, it’s the web portal for investing in Treasury securities. […]

How to Get a Good Deal on an Apartment

As I mentioned last week, we’ve been busy hunting for an apartment since our house closing fell through. The good news is that we just signed the papers on an apartment that will be cheaper and give us a place to live while we re-start our house hunt. […]

Testimonial From a Peer Lending Borrower

A reader named Jo left an interesting comment in response to my recent Lending Club update. As it turns out, Jo has been involved in peer lending (via Prosper as opposed to Lending Club), albeit as a borrower instead of an investor/lender. According to Jo: What you guys (lenders) do for us who are in desperate need of loans is a fortuitous favor. […]

Using CDARS to Protect Large Deposits

Have you ever heard of the Certificate of Deposit Account Registry Service (CDARS)? If you haven’t, you’re not alone. CDARS is a private, for-profit service that spreads large deposits (anywhere from $10k above the FDIC insurance limit up to a maximum $50M) across numerous banks. […]