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 157)

Ask Your Bank for a Better Deal

Last fall, my wife and I went into our nearest bank branch to set up a new savings account for a trust that we’re managing. […]

Encouraging Family and Friends to Improve Their Finances

Is money a taboo subject with your friends? I’m not sure about anyone else, but I don’t think it’s taboo to talk about money. I do, however, recognize that it may be awkward and thus considered a bit wrong by someone to talk to others about how they should handle their finances. […]

How Do You Know if a Credit Card Number is Valid?

As a followup to my recent post about what your credit card number means, I wanted to throw out a bit more credit card trivia and talk about how you can tell if a credit card number is valid. As you may or may not aware, most credit card numbers are generated based on something known as the Luhn algorithm. […]

Visa Credit Card Acceptance Guidelines

I was recently digging around for information on the Visa website when I ran across a document containing the Visa card acceptance guidelines for merchants. It includes some pretty interesting information that I thought was worth sharing. Visa credit card rules What follows is a summary of Visa’s rules regarding card acceptance. […]

Beware New Credit Card Fees

The most recent issue of Money Magazine had an interesting article about protecting yourself from new “credit card traps.” In it, they highlighted a number of changes that banks have introduced to improve their bottom line in the face of recent credit card legislation. Three of the big fees changes that they highlighted were: Fees because you’re not spending enough. […]

Money and Happiness

Does more money result in more happiness? As my wife and I lazily follow American Idol, we’ve noticed a common statement of hope uttered by many of the contestants, “American Idol is the best thing that has ever happened to me, it’s gonna change everything!” The contestants are not alone in their zeal to believe that happiness is a direct result of more money, fame, and/or success. […]

Too Young for a Credit Card?

In case you missed it, the CARD Act of 2009 went into effect on Monday. Among other things, the new legislation aims to curtail the marketing of credit cards to college students and others under the age of 21. More specifically, the CARD act requires colleges to disclose any marketing agreements they may have with credit card issuers, perhaps by just posting the info somewhere on their website. […]

When Will I Get My Tax Refund? What if My Tax Refund Check is Wrong?

While a lot of your probably haven’t filed your taxes yet — neither have we — many others have. It’s therefore likely that people are starting to wonder when they’ll receive their refund. How to check the status of your refund The good news is that IRS has a refund hotline (800–829–1954) as well as an online “Refund Status” tool for finding our when you can expect your refund. […]

Options for Reducing Your Student Loan Payments

I recently ran across an article about a woman with over $500,000 in student loan debt. While I’m amazed at the sheer amount of debt she is in, I know that’s she’s not the only person struggling with student loans. […]