Finance Globe

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

Top Financial Questions for First Time Homebuyers

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As a first time homebuyer, it’s only natural to put a lot of time and effort into finding the perfect property. However, you can’t make a confident decision until you have answered all the most important questions as they relate to your finances. Here are some of the many financial questions that first time homebuyers need to address: What is your budget? Simply put, you need to know how much you are comfortable spending. Without this...
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Frank
One thing I found helpful was asking these questions with my realtor. He also had a financial background so he was able to help me... Read More
Tuesday, 26 September 2017 19:27
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College Students Should Use a Credit Card for These Expenses

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Some parents are okay with the idea of their college student carrying a credit card. Other parents are against this idea, as they are unsure of if their child is responsible enough to use this financial tool in the appropriate manner. Since most college students are over the age of 18, they have the opportunity to personally decide if they need a credit card or one designed for students. If you’re a student going down this...
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Frank
If college kids can understand how to use a credit card at a young age, it will set them apart later in life and will provide lots... Read More
Thursday, 26 October 2017 09:30
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Buying a New Car? Questions for the Finance Manager

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If you find yourself in the market for a new car, it won’t be long before you’re sitting face to face with the finance manager (unless you’re paying with cash, of course). Reaching this point means you have found your next vehicle and are ready to finalize the purchase. As you make your way through the process, here are some of the more important questions to ask: What is the total amount financed? While the monthly...
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Pinky
We bought a new Chevy in 2004. We opted for the diesel Cruz for the mileage benefits but wondered about maintenance and repair of... Read More
Saturday, 22 July 2017 15:47
Frank
When I purchased my car, I used a 3rd party finance loan as I got a much better deal. I knew the rates prior to going in.
Wednesday, 20 December 2017 17:19
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The Pitfalls of Borrowing From Family or Friends

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Are you considering a loan from a family member or friend? Are you familiar with the many ways this could benefit your finances? The advantages of this type of loan are well documented. In addition to a lack of paperwork, you may find somebody who is willing to loan you the money interest free. Does it get any better than that? While you may be attracted by the many benefits of borrowing from family or friends,...
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Frank
I did it once, and I will never do it again. It's a long story, but the gist of it is I lost my money and lost my friend as well. ... Read More
Thursday, 26 October 2017 09:31
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Don’t Bite Off More Mortgage Than You Can Chew

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Have you ever heard the old saying “don’t bite off more than you can chew?” In short, this means don’t take on more than you can comfortably handle. Unfortunately, many people make this mistake when buying a home. While your intentions are good, it’s easy to become so overwhelmed with the process that you end up overspending. If you’re concerned about going down this path, here are three steps you can take: Know your absolute maximum...
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Frank
It's all about % of total income. General rule is no more than 30% of your income, but I would advise no more than 20%
Wednesday, 20 December 2017 17:20
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3 Things to Look for in Your First Credit Card

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Are you in the process of searching for your very first credit card? Are you excited about the prospects of finding an offer that will improve your financial situation? As you search for your first credit card, you’ll soon come to find that there are many offers to choose from. Some have more to provide than others, and in the end you will only want to select one. Although every consumer is different, there are three...
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Top Features of a Small Business Credit Card

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With so many small business credit card offers to compare, it can take several hours (or longer) to gain a better understanding of what’s best for you, your finances, and your company. There are some small business credit card features you don’t want to overlook, as they’re important to your overall experience. Here are several to focus on as you compare your options and make a final decision: Online account management: Every credit card issuer offers...
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Frank
You can also look into how long you are able to pay off the credit card. Some companies offer 2-3 months payback.
Sunday, 28 April 2019 19:31
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Do You Need an Emergency Fund?

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When everything is going as planned with your finances and life in general, you don’t see much reason to have an emergency fund. It’s easy to believe that everything will remain the same into the future. However, don’t be fooled. Things can and will go wrong, ranging from the current coronavirus pandemic to a necessary home repair. With an emergency fund in place, you have money to fall back on should you need it to get...
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6 Signs You Don't Need a Rewards Credit Card

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Rewards credit cards hard to resist. Credit card issuers are constantly improving their rewards programs, offering bigger signup bonuses and more opportunities to earn. Even if you're not on the market for a new credit card, you may change your mind after seeing what many of the latest credit cards have to offer. As tempting as it might be to sign up for a new rewards card, they're not for everyone. You don't pay your balance...
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Frank
Thanks for the tips Latoya. I do think credit cards are useful only if you use them for the right reasons!
Friday, 20 September 2019 11:42
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7 Credit Card Resources Worth Reading

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Are you happy with your current credit card? Are you on the search for something new? Do you have big plans for eliminating your credit card debt in the near future? Regardless of your situation, it’s nice to know there’s always somewhere to turn for advice and guidance. The internet has made it easier than ever to collect information that can be used to your advantage. While there’s no shortage of credit card resources to review,...
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