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 158)

Using Your HSA as a Retirement Investment Vehicle

As many of you know, we switched to a high-deductible health insurance plan (HDHP) this year. Along with that change came the opportunity to open a health savings account (HSA) to help offset our increased deductible. For those that are unaware, an HSA is similar to a flexible spending account (FSA), but better. […]

Independent Contractor vs. Employee: What’s the Difference?

I just ran across an interesting post about hiring a housekeeper over at GetRichSlowly. In the comments, a reader asked JD about how they handle the tax issues. His response was: Our housekeeper is not our employee; she is an independent contractor. Because of this, taxes aren’t an issue. This is a convenient answer, but is it true? […]

Highest Paying College Degrees

Earlier this week, I ran across some interesting data from the National Association of Colleges and Employers. More specifically, they had a listing of the ten highest paying college degrees of 2010. Note that they’re talking specifically about Bachelor’s degrees here, so things like doctors, lawyers, etc. are off limits. […]

How to Account for Lending Club Defaults in Quicken

As a followup to my previous article on tracking Lending Club investments in Quicken, I wanted to share how I account for defaults. If you’ve been reading my updates, then you’ll know that I had a borrower default last fall. […]

Should We Give Locally Before Giving Globally?

The need to give is everywhere. Giving is an important and integral part of personal and family budgets throughout the nation. As American’s we are blessed with an abundance, and with great abundance comes great responsibility. […]

Re-Evaluate Your Recurring Expenses

Over the past few months, I’ve locked in hundreds of dollars worth of savings without giving up a thing. How? Easy. […]

E*Trade to Move Banking Customers to Discover Bank

This is just a quick note to say that I recently received a letter from E*Trade Bank saying that they’re moving my account to Discover Bank. According to the letter: “We are writing to let you know that your E*Trade Bank account referenced above will soon be transferred to Discover Bank, and become a Discover Online Savings Account. […]

Increasing Our Life Insurance Coverage

Between closing on our new home and dealing with our new expenses, we’ve learned quite a bit over the past month. We’re now turning our attention to our insurance needs and considering increasing our life insurance coverage. We’ve been feeling as if we don’t have enough life insurance given our new financial circumstances. […]

2011 Federal Income Tax Brackets (Projected Tax Rates)

Today I wanted to take a look ahead at what the 2011 tax year might have in store for us. Yes, I realize that we still have two months before 2009 taxes are due, but there are some important changes looming and the time to start planning is now. Income tax bracket changes In case you weren’t aware, the Bush tax cuts of 2001 and 2003 are set to expire at the end of 2010. […]

Balance Transfer Credit Cards (Current 0% APR Balance Transfer Offers)

The Credit Card Act of 2009 hasn’t even gone into effect yet, and it’s already had a major impact on the credit card landscape. Take, for example, balance transfer credit cards. Less than a year ago, you could apply for a no-fee balance transfer offer for 12 months. Today, there don’t seem to be any no-fee, zero percent balance transfer offers. They simply don’t exist any more. […]