Finance Globe

Carrying a credit card is a great responsibility. If you’re not careful, it’s easy to overspend and regret it at some point in the near future.By understanding why you have overspent on your credit card in the past, you can avoid a similar situation down the road.Even if you‘ve never found yourself in this position, you can still learn from the mistakes that others have made.Here is why you may be overspending on your credit card:•   ...

Did you know that approximately 15 million Americans are self-employed?If you’re currently working in the corporate world but hope to join the ranks of the self-employed in the near future, it’s important to implement a plan that will allow for an efficient transition.Starting a business can be one of the most exciting things you ever do. Conversely, it can also bring quite a bit of stress into your life.Are you ready to deal with the highs...

If the income from your job isn’t cutting it or you’re looking for way to get ahead financially, adding a second income stream may be a solution. A second income stream, it’s from a second job, a money-making hobby, or a side business, can benefit you in more ways than one.It’s easier to afford your living expenses.More than 50% of Americans are spending at or above their income on living expenses, reports CNN. If you fall...

Gas rewards credit cards can help you cut your transportation cost – a benefit you’ll especially enjoy if you have a long commute to work or you take frequent road trips. If you have a gas credit card or you’re considering getting one, here are some ways to maximize the rewards you earn on your card.Choose a branded gas credit card. Some gas credit cards are closed-loop, meaning they can only be used at a specific...

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 number...

Taking advantage of a 0% APR promotional balance transfer offer can save you a lot of money on credit card interest. If you’re considering a balance transfer, make sure you avoid these huge mistakes.Trying to transfer balances with the same credit card issuer.Credit card issuers typically won’t let you transfer a balance from another credit card you have with them. Some credit cards may allow you to merge two accounts, combining balances and credit limits, but...

Credit card fraud remains a major problem in the United States, with the potential for losses to exceed $12 billion by 2020.This isn’t meant to scare you, but to instead help you avoid becoming a victim in the future.The Federal Trade Commission has this to say about credit card fraud:“Credit card fraud takes place every day in a variety of ways. You can’t always prevent it from happening, but you can create some obstacles and make...

As a small business owner, there may come a time when you realize that using a credit card could bring a variety of benefits to your company.From the flexibility to the convenience, there are many reasons to turn to this method of payment as often as possible.Of course, you can’t make this transition until you find and secure the right small business credit card.As you go through the search process, here are some of the things...

It is no secret that tens of millions of Americans struggle with credit card debt.If you’re one of these people, it’s time to formulate a plan for escaping debt as quickly as possible.If you’ve avoided this in the past, it would be in your best interest to stay on this path in the future. Doing so means many things, such as knowing the top causes of credit card debt. Here are some of the things that...

When you use a credit card, you’re technically borrowing money from your credit card issuer. And, as with most types of loans, your credit card issuer will look for ways to make a profit from what you’ve borrowed. If you want to minimize the amount of money you pay to your credit card issuer, avoid the most expensive types of credit card transactions.Cash advancesWhen you use your credit card to withdraw cash from an ATM, you’re...