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 160)

Bank Overdraft Fees at All-Time High

Did anyone else see today’s headline about bank overdraft fees? According to a recent report, U.S. banks are on pace to collect $38.5 billion worth of overdraft fees this year. Can that number be right? […]

Just Do It

Sometimes managing your finances can seem overwhelming. There are a lot of quality resources out there, including websites like this, but the best they can do is to point you in the right direction. The problem comes when you can’t make a decision or you fail to follow through with a plan because you worried you’re somehow making a mistake. […]

Help a Reader: Mortgages from ING Direct

A reader named Mary recently wrote in to ask about my thoughts on getting a mortgage from ING Direct. She’s heard that they have competitive rates and low fees, and is seriously thinking about refinancing her mortgage with them. I don’t have any firsthand knowledge of ING Direct mortgages, but I was curious enough to go take a look. […]

Investment Performance: It’s a Matter of Perspective

Have you looked at any stock market charts recently? The market has risen for four straight weeks, and things are looking up. In terms of raw numbers, the S&P is up nearly 50% from its March lows. Here’s the chart. Given the above, the stock market is really on a tear. Right? Well… It’s depends on your perspective. Let’s step back and see how things look since the Fall of 2007. Ouch. […]

Sunday Roundup – Back to School Edition

Our kids went back to school this past week. Seriously. At the beginning of August. When I was a kid, school always started the Tuesday after Labor Day. That old September-June school year is so engrained in me that it still doesn’t feel like summer vacation until early June, even though the kids get out a month earlier. […]

What are “No Penalty” CDs?

Have you ever wished you could lock in a competitive, guaranteed rate on your savings while still retainign the flexibility to access your cash in a pinch? If so, then you might be interested in a so-called “No Penalty” certificate of deposit (CD). What is a “No Penalty” CD? “No Penalty” CDs are exactly what they sound like — CDs that have no penalty for early withdrawal. […]

Why Banking With ING Direct Rocks

I NEVER thought that I’d be writing about how much I love banking! As a matter of fact, I’m laughing and shaking my head in disbelief as I write this… This article is a bit of a followup to my previous article about borrowing from big banks, which sparked quite a lively and interesting debate. […]

The Fallacy of Relative Price Evaluation

We’re just back from an end-of-summer trip to the beach. A good time was had by all, and the kids headed back to school this morning. […]

Navigating the Recession

Recessions suck. The stock market is down, unemployment is up, and good news is sparse. But a tough economy doesn’t mean that you can’t improve your lot in life. We’ve decided to use the recession as a time to simplify our lives and build a better financial system for our family. […]