Finance Globe Blog

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

Budgeting Questions to Answer Before the End of the Year

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As we move toward the end of the year, there’s no better time to review your budget with an idea of making changes for the better. By focusing on the right budgeting questions, you can adjust your approach to ensure more success in 2019. While there are many questions to answer, these three are among the most important: •    Will your income remain the same in the new year? You may not know the answer...
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Personal Finance Tips in your 30s

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As I creep into my 30s (I won’t tell you my exact age!), I think it is even more important to stay on top of your personal finances. As you move into your 40s and 50s, you will likely have less flexibility, so it is really important to take some important financial strides in your 30s. Below are personal finance tips for your 30s! Please let me know if anyone else has anything to add!...
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How to Prepare Yourself Financially When You are Expecting a Baby?

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For all of those lucky future parents out there, a baby is going to be a wonderful new adventure for you. Few things are as satisfying as watching your child grow up. One important thing you should consider is prioritizing your personal finances as soon as you know you are adding to your family. Below are some helpful tips people have given me to help ensure your family has a happy future.  Create a budget...
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How to Create a Will?

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Now that I have a child on the way, I have done some research and learned that I likely need to create a will. I never really thought about having to draft a will, but now that I am married and have a child on the way, I thought it would be a good idea to check it out. Based upon my research, below are some helpful tips on creating a will. Please share if...
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Wanderer
This is an important life document! If a person becomes deceased without a will ... most often they are at the whim of their state... Read More
Sunday, 04 November 2018 12:24
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Don’t Overspend on These Holiday Road Trip Expenses

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With the holiday season just about in full swing, now may be the best time for you to make your travel plans. While some people hop on a plane to reach their holiday destination, others get behind the wheel and hit the road. Taking a holiday road trip can be a lot of fun, however, it can also set you back quite a bit of money if you’re not careful about your approach. Here are...
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Frank
My last holiday road trip was last year, and I spent ~$500. I was able to stay with family so no lodging costs. Gas and food were... Read More
Monday, 29 October 2018 11:49
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How to Prepare for the Next Recession

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If you survived the Great Recession of 2008, then you know just how bad it can get. Companies layoff employees. Household income declines while unemployment and bankruptcies rises. The country and consumers experience financial hardship in a grand scale. A recession is happens when the economy declines six months in a row. It’s hard to predict exactly when a recession will hit or what will cause it, but knowing there’s a possibility means you should...
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Frank
I would recommend at least 3 months of savings. 6 months is better, but I would recommend at least 3 no matter what.
Monday, 29 October 2018 11:43
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Avoid These 3 Ways of Paying for Holiday Gifts

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With the holiday season approaching, now’s the time to plan out all the gifts you need to buy. In addition to knowing who to buy for, you must have a clear idea of what you can afford to spend. Taking your plan one step further, outline the manner in which you’ll pay for gifts. In a perfect world, you’re able to pay for everything with cash. Not only does this keep you on budget, but...
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Frank
I typically pay with my credit card, but pay off the credit card before the interest is due.
Monday, 29 October 2018 11:41
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Answer These 7 Questions Before Applying for a Personal Loan

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You’re almost positive that a personal loan is exactly what you’ve been looking for. As excited as you may be, don’t jump into this just yet. Instead, take the time to answer a few key questions: 1. How will you use the loan? There’s no good reason to take out a personal loan unless you have a clear idea of how you’ll use the funds. Are you consolidating debt? Taking care of a medical emergency?...
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Frank
Thanks for this consolidated list Chris. A minimum of 3-5 lenders is a good idea, and I would recommend more if you have time. The... Read More
Monday, 29 October 2018 11:40
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Best Personal Finance Apps

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Nowadays you can do so much on your phone, including your personal finances. There are also a ton of options out there and they are not all equal! Below are my favorite budget and personal finance apps. Mint : This is the gold standard app for your personal finance needs. The app is effectively an all-in-one resource for creating a budget, tracking your spending, and monitoring your overall finance needs. Mint lets you know when...
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Frank
I would like to add the majority of these apps can be extracted into Excel if you prefer to use and analysis in Excel.
Monday, 29 October 2018 11:36
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Here’s Why You Should Shop for Baby Supplies Online

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It doesn’t matter how many children you have, you’ll soon come to realize that keeping your house fully stocked with supplies would be in your best interest. After all, you never want to find that you’re out of diapers, formula, or another essential item. While you can always purchase what you need at a local big box store, there are many reasons to get into the habit of buying online: •    Lower prices. There’s no...
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Recent Comments
Finance Globe
Great points Chris, and especially true in the early years. The conveniences of online shopping usually makes it worthwhile for ex... Read More
Saturday, 15 September 2018 12:58
Frank
ChrisB, How about testing these products out? Is there any benefit to seeing some of these products in person?
Wednesday, 26 September 2018 14:24
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