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)

What is Backup Withholding?

Last week I contacted Ally Bank with a last minute change of heart. I had intended to roll our 12 month CD into a 5 year CD upon expiration, but had second thoughts when I saw that Series I Savings Bonds are more attractive than CD rates. I actually contacted Ally on the renewal date and was thus able to get the money back out without any penalties. […]

Converting Paper Savings Bonds to Electronic Form With SmartExchange

This is just a quick followup to yesterday’s post about Series I Savings Bonds. As I noted in that post, you are limited to purchasing $5k of these bonds in electronic and paper form each year for an annual total of $10k (per Social Security number). Assuming that you max out, this means that you’ll be the proud new owner of bonds in two forms. Yuck. […]

Getting a Home Inspection

Buying a house is probably the biggest purchase that most people will ever make. Given what’s at stake, you want to be sure you’re not buying a lemon. […]

What are Series I Savings Bonds?

Last week I noted that Series I Savings Bonds are now paying 3.36% (current as of 11/09). Given current CD rates, this makes them a rather attractive alternative to bank CDs. […]

Did Congress Make the Homebuyer Tax Credit Retroactive?

I’ve received several comments/e-mails asking about whether Congress has decided to make the first time homebuyer tax credit retroactive. […]

Congress Extends $8000 Homebuyer Tax Credit, Adds New $6500 Credit

This just in… The House of Representatives has voted to extend — and expand — the first time homebuyer tax credit. Extending the $8000 credit, adding a $6500 credit According to the NY Times: The bill extends an $8,000 tax credit for first-time home buyers that was due to expire on Nov. […]

Lending Club Update – October 2009 Performance

As October came to a close, things were still going well with my Lending Club investments. The one loan that has gone bad has stayed bad, but everything else is being paid on time. Even with that delinquency, however, my “High Risk” portfolio is back in the black, as I’ve earned more than enough in interest to cover the loan that I lost. […]

Series I Savings Bonds Now Paying 3.36%

This is just a quick note to say the new Series I U.S. Savings Bond interest rates have been released. I haven’t written much (anything?) about savings bonds in the past, but I’m planning on changing that in the near future. In the mean time, I’ll just say this… The interest rate on Series I bonds is made up of a fixed rate component and an inflation component. […]