Finance Globe

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

3 Benefits of a Second Income Stream

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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...
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Frank
My wife and I both have a few "side hustles", and this is the only way we can save. If we didn't, we would be living paycheck to p... Read More
Thursday, 26 October 2017 09:28
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How to Maximize Your Gas Credit Card Rewards

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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...
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Frank
latoyairby, do you think it is worth getting a specific gas credit card, something like a Shell credit card?
Thursday, 26 October 2017 09:27
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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...
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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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4 of the Biggest Balance Transfer Mistakes

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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...
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How to Avoid Becoming a Victim of Credit Card Fraud

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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...
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Frank
You will never be 100% secure unless you are completely off the grid. I recommend having credit monitoring service and as ChrisB m... Read More
Tuesday, 26 September 2017 19:22
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Things to Expect from a Small Business Credit Card

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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...
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What are the Top Causes of Credit Card Debt?

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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...
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Frank
The biggest reason I found: disorganized and lack of focus. Tons of people I have talked to didn't know they were really in credit... Read More
Monday, 25 September 2017 17:46
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5 Credit Card Transactions That Cost the Most

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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 advances When you use your credit card to withdraw cash from...
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Frank
I don't think I have ever taken a cash advance from my CC. The fees were always 3% plus $10. Never seemed worth it to me.
Monday, 25 September 2017 17:45
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What to Do If You Trigger Your Credit Card's Penalty Rate

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A credit card’s interest rate is one of the most important features, particularly for cardholders who carry a balance on their credit cards. Having a low interest rate means minimizes the cost of paying off a credit card balance over time. But, don’t take your interest rate for granted. If you’re not careful to make your payments on time each month, you could trigger your credit card’s penalty rate. What is the Penalty Rate? The penalty...
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Frank
I would also add: Call the credit card company and explain them your situation. Sometimes they can work with you and offer you an ... Read More
Monday, 25 September 2017 17:43
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4 Credit Card Features to Research Before You Apply

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Several of the latest credit cards boast a cutting-edge, sleek design that's far more attractive than plain old plastic. Cardholders would feel a rush of prestige to hand a metallic card to a waitress or whip it out in front of a line of customers. But, no matter how impressive a credit card is designed, you should never pick a credit card based on looks alone. Researching the most important features of whatever credit card you're considering is essential to making sure...
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Frank
When I pick out CCs, I usually focus on the rewards and don't care too much about the APRs given I am going to pay off my bill eve... Read More
Monday, 25 September 2017 17:41
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