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 167)

How to Find the Best Mortgage Rates

As a followup to last week’s article on whether or not you should pay off your mortgage early, I thought I’d talk a bit about how to find the best mortgage rates. To date, we’ve bought two houses, sold one, and refinanced three times. Thus, we have a good bit of personal experience when it comes to finding a mortgage. […]

Stocks are for Losers?

What would you say if I told you that, on average, the majority of stocks lose money over time? Would you call me crazy? After all, we all know that the stock market has done nothing but increase over the long term. Right? Well… According to an interesting piece in the latest Money Magazine by William J. Bernstein (author of The Four Pillars of Investing), it’s not that simple. […]

What’s Your Money Mindset?

I come from middle-class roots and was brought up with what I’ve recently heard referred to as a “middle-class money mindset.” By that, I mean that I’ve been primarily concerned with: Getting an education Developing a skill/career Honing that skill Using that skill to work and trade time for money Saving that money Working to a ripe old age, and then retiring Living happily ever after More recen […]

Credit Card Reform: Inside the CARD Act of 2009

In case you haven’t heard, the Senate just passed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 by a 90-5 vote. The House passed their own version of this bill, known as the Credit Cardholders’ Bill of Rights, back in April by a 357-70 margin. […]

Our Lending Club Investments, One Week Later

Last week, I talked about our initial experiences investing money with Lending Club (see also my Lending Club review). In short, I created two $500 portfolios, each of which contained twenty $25 notes. Our “Low Risk” portfolio had an average interest rate of 9.82%, whereas our “High Risk” portfolio had an average interest rate of 15.42%. […]

Letter From the IRS - We Got Audited

On Monday, I returned home from work to find a letter from the IRS in our mailbox. My heart sank. Fearing the worst, I opened the envelope and peered inside. What I saw wasn’t nearly as scary as I had feared. […]

How to Plan a Wedding Without Breaking Your Budget

Did you know that the average cost of a wedding in the United States is nearly $28,000? Or that wedding receptions are typically half the cost of the entire wedding? […]

Changing Our Reward Credit Card Strategy (Again)

After a good run, the time has come to once again change our reward credit card strategy. First, AmEx reduced the rewards on their Blue Cash card, and then the same thing happened to the Chase Freedom card. Over the past year or two, we’ve been using our AmEx Blue Cash card for nearly everything, with the Chase Freedom card serving as a backup at places that don’t accept AmEx. […]

SIPC Insurance Coverage: What Happens if Your Broker Fails?

If you’ve read this site for any period of time, you’re most likely familiar with FDIC insurance, which protects your deposits in the event of a bank failure. But what if when a brokerage fails? What happens to your investments? […]

Pay Off Mortgage Early? Or Invest?

Should you pay off your mortgage early? Or should you focus on investing with your spare cash? This is one of the most hotly debated topics in personal finance, with vocal proponents on both sides. […]