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)

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. […]

Peer-to-Peer Lending With Pertuity Direct

Since we’ve been on the topic of peer-to-peer lending this week, I wanted to talk a bit about Pertuity Direct and find out if you guys have had any experience with them. […]

Is Personal Responsibility Dead?

While attending a recent Homeowners Association meeting, my wife and I were overwhelmed by the attitude of a majority of our neighbors. With few exceptions, they wanted everything done for them and thought all they had to do was sit around and complain loudly enough to make it happen. […]

Investing With Lending Club: Low vs. High Risk Loans

As I promised last week when I published my initial Lending Club review, I’m going to spend a bit of time walking you through the Lending Club loan selection and funding process. Beyond simply investing in a few loans, however, I decided to spice things up a bit by setting up an experiment to compare the performance of low vs. […]

What are Vanguard Admiral Shares?

Last week, my wife and I received a letter from Vanguard informing us that one of our mutual funds accounts qualifies for conversion to “Admiral Shares.” For those that aren’t familiar with Admiral Shares, this is a very good thing. […]