Archive for September 2007

From the Archives (September 23rd – September 29th)

Written by Nickel - Leave a Comment

Here are some of my favorite FiveCentNickel (subscribe) posts from a year ago this week:
» Save on Medical Care – Part I
» Saving Money: Focus on Big or Small Items?
» Save on Medical Care – Part II
» Save on Medical Care – Part III
And here’s what was going on two years ago:
» Buying a New [...]

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Published on September 30th, 2007 - Leave a Comment
Filed under: Best of...
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Weekly Roundup: Mail on Sunday Edition

Written by Nickel - 3 Comments

This morning I saw a USPS delivery truck go by. On any other day, I probably wouldn’t even have noticed, but it’s Sunday. A few minutes later, I saw the truck heading back down the street the other way, presumably having delivered it’s payload. After a bit of Googling, it appears that the USPS will [...]

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Published on September 30th, 2007 - 3 Comments
Filed under: Link Love
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PenFed CD Rates Increased to 6.00% APY

Written by Nickel - 5 Comments

At the end of a week filled with news about interest rate reductions, here’s a bit of news to brighten your day…
A tipster named John wrote in to say that Pentagon Federal Credit Union has raised their CD rates, bumping their 3, 4, 5, and 7-year CDs to 6.00% APY with a minimum deposit of [...]

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Published on September 28th, 2007 - 5 Comments
Filed under: Banking
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Q&A: Dave Ramsey and Debt Reduction

Written by Nickel - 18 Comments

A reader recently wrote in with the following question:
How do you feel about Dave Ramsey’s program? I am in horrible debt and want to become debt free in the next 4 years.
That’s not a lot of information to go on, but here’s my response…

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Published on September 28th, 2007 - 18 Comments
Filed under: Debt Reduction
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Carnivals – Week of 09/23/07

Written by Nickel - Leave a Comment

FiveCentNickel participated in four carnivals this week. Here they are along with links to my articles that were included in each.
The Carnival of Personal Finance included “Dealing With Found Money, Followup.”
The Best of Me Symphony included “Five Reasons you Should Care About your Credit (FICO) Score.” Also included was “Nine Year Olds and the Tooth [...]

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Published on September 27th, 2007 - Leave a Comment
Filed under: Carnivals
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Switching to a Bank of America Money Market Account

Written by Nickel - 25 Comments

On the heels of HSBC Direct’s decision to reduce the APY on their savings accounts, we’ve decided to moving our savings elsewhere. In this case, elsewhere is (gasp!) Bank of America.

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Published on September 27th, 2007 - 25 Comments
Filed under: Banking
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HSBC Direct Drops Interest Rate

Written by Nickel - 4 Comments

Update: HSBC recently increased their interest rate.
Just a quick interest rate update… On the heels of ING Direct’s decision to cut their interest rate, HSBC Direct has now decided to drop their APY by a whopping 0.55%, from 5.05% to 4.50% 3.55%. As of this writing, Emigrant Direct is still holding out at 5.05%, and [...]

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Published on September 26th, 2007 - 4 Comments
Filed under: Banking, Online
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Mobile Money: Five Tips For Managing Your Finances on the Go

Written by Nickel - 5 Comments

Now that I have a Treo smartphone, I’ve been exploring ways to take advantage of having the internet in my pocket. Since I have a strong interest in personal finance, that seemed liked a logical starting point.
What follows is a list of ways you can use an internet-enabled phone to help you manage your money [...]

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Published on September 26th, 2007 - 5 Comments
Filed under: Banking, Online, Productivity
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Deducting Disciplinary Fines as a Business Expense

Written by Nickel - 4 Comments

In case you haven’t heard, New England Patriots coach Bill Belichick was recently fined $500k by the NFL after his staff was caught videotaping the New York Jets’ defensive signals for future reference. What’s particularly interesting about this case is that according to a variety of tax experts, Belichick might be able to deduct the [...]

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Published on September 25th, 2007 - 4 Comments
Filed under: Taxes
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Words of Wisdom from Alan Greenspan

Written by Nickel - 4 Comments

Last week I saw an interesting interview with Alan Greenspan, former Chairman of the Federal Reserve Board, on The Today Show. He has a new book out, and thus appears to be making the rounds in support of its release. While I can’t cover everything he said in painstaking detail, I did jot down a [...]

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Published on September 24th, 2007 - 4 Comments
Filed under: Economy, Mortgages, Real Estate, Taxes
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