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)

FDIC Extends $250k Insurance Limit Through 2013

Remember when the FDIC raised their insurance limits from $100k/depositor to $250k/depositor? That extended coverage was set to expire at the end of this year. […]

Beware the “No-Cost” Mortgage Refinance

As a followup to last week’s post about finding the best mortgage rates, I just wanted to remind you that there is no such thing as a free lunch. I mention this because those of you that are in the market for a new mortgage are likely to be confronted by offers for a “no-cost” refinance. […]

Tips for Making a Major Purchase

Making a big purchase can be a nerve-wracking process. You worry about paying too much, you can’t decide whether or not to get the extended warranty, etc. In the end, you just don’t want to waste your hard earned cash. The good news is that it doesn’t have to be a stressful experience. […]

Free Summer Movies for Kids - 2009 Edition

In honor of Memorial Day, which marks the unofficial start of summer, it’s time to start thinking about cheap entertainment for you and your kids. Given that catching a movie is one of the best ways to beat the heat, I’ve put together a list of free (or really cheap) summer movie theater promos. […]

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. […]