Finance Globe Blog

U.S. financial and economic topics from several writers.

3 Personal Reasons to Close a Credit Card Account

3 Personal Reasons to Close a Credit Card Account
There are many things that may lead you to close a credit card account. This isn’t a decision to take lightly, as it can have a negative impact on your credit score, but it may be a move that you have to make. Here are three personal reasons to close a credit card account: •    You are done taking on debt. Many people reach a point in their life when they no longer want to take on ......
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Wanderer
In early 2016 I determined there were more credit card accounts for me to use than was required or practical. So, I determined wha... Read More
Saturday, 22 April 2017 20:32
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A Spending Freeze Can Help You Meet Your Financial Goals

A Spending Freeze Can Help You Meet Your Financial Goals
If you’re feeling like you’re spending more money than you should, you’re looking for a way to save money fast, or you need to stretch your money to the next paycheck, a spending freeze could be beneficial. A spending freeze is essentially a financial fast where you refrain from spending unnecessary money for a certain period of time. Dramatically cutting your spending may not sound like fun at first, but it can be worth the sacrifice if it......
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Wanderer
A aide you may want to consider as part of the spending freeze is a budget. Using a budget will help you identify the items you mu... Read More
Saturday, 22 April 2017 20:16
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What are the Benefits of a Personal Loan?

What are the Benefits of a Personal Loan?
Are you in desperate need of money? Do you find yourself comparing your many options for obtaining the cash you need? Like many, the first place you turn is your bank account. If you don’t find what you need, it’s natural to turn your attention to your credit card. While a personal loan isn’t the right choice for every consumer in need of money, there are many benefits that allow this product to standout. Consider the follo......
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Wanderer
Used a Personal Loan to help establish myself in the world of credit and to use the funds to pay off debt. What I liked was the fi... Read More
Sunday, 23 April 2017 05:38
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Is a Home Security System Worth the Cost?

Is a Home Security System Worth the Cost?
There is nothing more important than your safety and security, so it only makes sense to learn more about the benefits of a home security system. Although you may be interested in everything a home security system has to offer, you can’t overlook the cost associated with installation and monthly monitoring. Is this something you can comfortably add to your budget? Here are three of the biggest benefits of a home security system: •    Peace of min......
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Wanderer
An additional benefit is potentially a lower property insurance rate. Often times, insurance companies will give you a credit on y... Read More
Saturday, 22 April 2017 20:22
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What Your Credit Report Reveals About You

What Your Credit Report Reveals About You
Many of the companies you have accounts with regularly send your account activity to the credit bureaus. Then, businesses that you want to have an account with you check your credit report to determine whether to approve your application. Here are a few things your credit report says about you. Whether you pay your bills on time. Each month, your creditors report our creditors report whether your payment was on time for that month. Any payments......
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4 Signs You Aren't Ready for a Mortgage

4 Signs You Aren't Ready for a Mortgage
Purchasing a home has long been considered an essential part of the American Dream. That dream can turn into a nightmare in a matter of weeks if you purchase a home before you’re ready. Wondering whether you’re ready for a mortgage? Here are some signs you’re not. Your credit isn’t in great shape. Not only does your credit score influence whether you can get approved for a mortgage, it also plays a big role in the cost of......
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Unique Ways to Fund an Emergency Account

Unique Ways to Fund an Emergency Account
Do you have an emergency account? Do you add money to this on a regular basis? Do you need to get serious about growing the balance? Like many, you may add a few dollars to this account every now and again. For example, you do this when you have money leftover at the end of the month. However, if you really want to grow the balance, you need to get serious about adding large chunks as......
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Watch Out for These Five Dangers of Overspending

Watch Out for These Five Dangers of Overspending
Credit and debit cards make it so easy to make purchases, but they also make it easy to overspend. You can go on shopping sprees without ever leaving the comfort of your home. You can pay bills with the click of button. Unless you’ve told your bank not to process overdraft transactions, they won’t stop you from spending more than what’s available in your checking account. And if you’re short on funds and have decent credit, you can......
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Frugal Flips for the Not-So-Extreme Cheapskate, Part 2

Frugal Flips for the Not-So-Extreme Cheapskate, Part 2
Last month I rolled out a new series in which I will post monthly tips for saving money, which I’m calling “frugal flips.” So far, the first four I’ve proposed have the potential to save up to $1900 a year. Frugal Flip #5: Make your own soap Before you tune me out because this one sounds too complicated, hang on a moment. It’s actually super easy and will only take a few minutes of your time, at least ......
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Wanderer
Look forward to your insight on how to save money. You already put forth some new ideas (to me) not in my grab bag.
Monday, 03 April 2017 14:45
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Will a biweekly payment plan really save you money on your car loan?

Will a biweekly payment plan really save you money on your car loan?
According to Experian’s latest quarterly report the average amount financed on a new car loan is $30,621. With the average loan term and interest rate at 68 months and 4.69% respectively, an average car buyer would end up paying $4308.49 in overall interest. For many of us that’s a lot of money. It’s no wonder “tens of thousands of people” sign up for so-called loan payment acceleration plans who claim to help them pay off their loans fas......
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