Finance Globe Blog

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

Questions to Answer Before Quitting Your Job to Start a Business

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Are you strongly considering quitting your job to start a business? Are you both excited and concerned about making the move? Are you unsure if now is the best time to take the leap? There are many questions you must answer before quitting your job to start a business. By addressing these early on, you’ll better understand your situation and what you’re getting into. While there are countless questions to address, here are five of...
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Wanderer
Makes me think back to that "business plan" where you set aside enough cash to cover the times when you are waiting for money for ... Read More
Monday, 20 May 2019 03:59
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Ways to Save Money on Prescription Medication

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Your health is more important than anything else, so if your doctor suggests you take a prescription medication it’s probably a good idea to follow their instruction. However, you may have concerns about the cost of the medication, especially if you’re on a tight budget. Fortunately, there are several ways to save money on prescription medication, with these four strategies among the best: •    Compare local pharmacies: While your current pharmacy may have the lowest...
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Don’t Pay That Credit Card Fee, Contact Customer Service

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Imagine this: you receive your credit card statement expecting more of the same, but are surprised when you come across a fee. There are many types of credit card fees, including but not limited to: annual fee, late fee, and foreign transaction fee. While these are all legitimate fees that you agreed to upon signing up for the credit card, it doesn’t necessarily mean you have to pay them. Before you do anything, contact customer...
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How Medical Bills Wind Up On Your Credit Report

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Medical bills have the potential to hurt your credit just like most other types of bills. Medical bills can wind up on your credit report even if you have health insurance, since insurance companies don’t always cover 100% of medical services. Medical service providers don’t drop a medical bill on your credit report right away. They typically give you a give you time to pay the bill in full or make a payment arrangement first....
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Wanderer
Good information! Unaware you could dispute and/or have medical bills removed once they are paid. Due to the often large size of s... Read More
Monday, 20 May 2019 03:54
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Can You Really Afford That New Car?

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It’s new, it’s shiny, and it has that new car smell. What more could you want? As tempting as it may be to purchase a new car, don’t go down this path until you’re 100 percent sure that it’s the right financial move. When shopping for a new car, it’s easy to pay attention to nothing more than the sticker price and the deal you negotiate. However, there are many other costs associated with this...
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Should You Refinance Your Car Loan?

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Before you decide to refinance your car loan, it’s important to determine if you’ll benefit as a result. If everything checks out in your favor, it’s time to contact three to five lenders to learn more about your options and the best way to proceed. If you’re on the fence, here are several benefits of refinancing: •    Lower interest rate: This is one of the top reasons to refinance, as a lower rate saves you...
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What’s the Best Way to Pay for a Home Renovation Project?

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Are you interested in taking on a home renovation project? From a new kitchen to finishing your basement, there’s no limit to what you can do with your home. However, there may be something holding you back: money. It’s easy to dream up the perfect home renovation project, but not quite as simple to turn it into reality. Fortunately, there are several ways to pay for a home renovation project, all of which you should...
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How Much Should You Spend on Entertainment Every Month?

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As you review your budget, one category may stick out like a sore thumb: entertainment. While there’s nothing wrong with spending some money to have a good time, you don’t want to go over board. Doing so can wreak havoc on your finances, thus calling for a complete overhaul of your budget. So, this leads to an important question: how much should you spend on entertainment related expenses every month? There’s no right or wrong...
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The Most Common Complaints Against Debt Collectors

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The Consumer Financial Protection Bureau recently released its 2019 Fair Debt Collection Practices Act Annual Report which discusses trends in consumer debt collection complaints. The FDCPA is the federal law that dictates what third-party debt collectors are allowed to do when they’re collecting a debt. The CFPB receives complaints from consumers about financial services businesses, including collection agencies. After receiving a complaint, the bureau opens an investigation and attempts to work out a resolution between...
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What to Do If Your Credit Card is Maxed Out

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Most credit cards come with a credit limit, which is the highest outstanding balance you’re allowed to have on your credit card. Your credit limit is based on a few factors: your credit score, your income, and the credit card itself. Spending all the way up to your credit limit is known as maxing out your credit card. Even though your credit card issuer allows you to spend all the way up to your credit...
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Wanderer
Scary thing about maxing credit cards is when your balance shows up at the credit bureaus and the other creditors that monitor you... Read More
Sunday, 07 April 2019 06:02
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