Finance Globe

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

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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Frank
I do have an emergency account. I started it with my side work money (Elance, ODesk, etc.) It really helps me feel more comfortabl... Read More
Friday, 30 June 2017 15:30
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Saving for you (Future) Child

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Savings for your current child or future child needs to be a big goal for you and your family. I found this amazing, but a recent government study found that it can take over $235,000 to raise a child from infancy to age 17. In fact that number does not include college, extracurricular activities, or family vacations. Now that you know its going to cost a lot to provide for a child, I wanted to lay...
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Frank
I decided to invest in a 529 state plan in the state I reside. The plan was simple to set up and the investment options were prett... Read More
Thursday, 21 March 2019 11:36
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Simple Ways my Family Saves Money Each Month

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Now that I am officially a family man, I have found that I have started to really look for ways for my family to save more money each month. I am sure other families feel this pinch and are constantly looking for ways to save money as well. While it is rare eliminating a single expense will give you control over your finances, you can usually save a lot of money by combining savings from several...
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What is Equity Research?

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As I wrote on what a bond rating is last month, I wanted to also write an overview of what equity research is as well. You may be familiar with what equity research is, some may not. Below is a high-level overview of what equity research is, and feel free to ask any follow up questions in the comments section below. Equity research is primarily focused on publicly traded stocks. The purpose of equity research is...
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Daily Habits of Frugal People

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Some people can be very frugal. In certain economic environments frugality is very important and can help you save money or survive in an economic downturn. Frugality is more than just clipping coupons. Being frugal is about aiming to get the most value from life's resources, including stretching your budget to its fullest potential. In working toward achieving that value, frugal people tend to adopt a wide range of daily habits. Below are the habits I...
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How to Properly Track your Investment Portfolio

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Many investors have their investments spread across multiple accounts and it can be difficult to properly track the value of your overall portfolio. Your investment portfolio includes 401(k)s, IRAs, and investment accounts with multiple brokerage accounts. You could try to go to multiple websites and gather all of the performance yourself. However, sometimes that is not efficient, so I wanted to walk through a few ways to efficiently track your investment portfolio. Please comment if you...
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Wanderer
Did not know there were simple tools to use in keeping an eye on a our investment portfolios. Do it on an Excel Spreadsheet and it... Read More
Wednesday, 18 December 2019 16:42
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Personal Savings Rate for Americans

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On another positive note, I wanted to share how savings rates have recently changed during this pandemic. To quickly summarize, Americans are saving significantly more and spending less. In fact, Americans saved a record amount of their income in April, as the coronavirus pandemic caused businesses across the country to shut down and individuals were encouraged to stay in their homes. According to data released by the Bureau of Economic Analysis on Friday, the personal savings...
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Personal Finance Concerns During COVID-19

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While a lot of people thought we may be done with COVID-19, it seems to have come back and it might not being going away for awhile! Given the economic uncertainties, it is very important to keep a close eye on your personal finances and to continue to assess your current financial situation. Below are a few common areas for financial concerns that may have already come up or could come up in the near future....
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Wanderer
Good outline for the COVID19 times. Seems some people still believe this is just a flu. Now as the virus has had time to show it's... Read More
Wednesday, 15 July 2020 06:20
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Getting No Where by a Lack of Financial Planning

Building wealth isn't just something rich people do. And those who are wealthy don't always stay that way. We've all heard of the countless millionaire celebrities who've filed for bankrupcty. A Bankrate.com article tells the woes of lottery jackpot winners who are back to broke after a couple of years. Some may wonder, "How can someone with that much money lose everything?" The answer is simple - poor planning and spending too much money. But don't...
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How to Save Money When you Have a Young Child

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When it comes to planning for your first baby, it’s hard to find a balance between being budget conscious and feeling as though you are prepared for anything and everything your new baby may need. Here are three lessons (and huge cost-saving tips) that I have learned along the way.    1.     Choose items that will grow along with your child. When it comes to car seats, there are two options: an infant seat, or “bucket”...
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Wanderer
Good reference Blog on the "how to" in keeping financially grounded while experiencing a major change to one's life style!
Saturday, 07 March 2020 04:01
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