Finance Globe

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

Benefits of Paying Bills Online

If you haven’t embraced the capability of paying bills online, you may be missing out. Most companies make it easy to pay your bills over the internet within seconds. It can be so much faster than writing a check and dropping it off in the mail.How It Works Many banks have online bill pay feature that let you pay all your bills directly from your online account. Getting started can take some time – you have...
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Making Sound Financial Decisions

Sound decisions are the key to having a healthy financial life – to building wealth, paying off or staying out of debt, and to building a good credit score. Even the small, day-to-day money decisions have a big impact on your finances, so it’s important that you make the right ones. Always ask yourself whether you can afford a purchase before you make it. Affording something isn’t necessarily about having the money for it. You have...
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Borrowing a Title Loan is Risky

If you’ve incurred unexpected financial emergency, but don’t have an emergency fund or sufficient credit to bail you out, you might be tempted to take out a title loan. Be careful, these loans are one of the most predatory types of loans on the market, even worse than the infamous payday loans. A title loan is like a mix between a pawn and a payday loan. You can take out a loan using your vehicle as...
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New Scam: Watch Out for Smishing Text Messages

Identity thieves will use any means available to trick you into your giving up your personal information. You may be familiar with phishing scams where scammers email you seemingly legitimate messages from your bank or other business. The email includes frightening language, e.g. your account has been compromised, that bait you into going to a fake website where the scammers capture your password, bank account information, and other personal information. Then, they use whatever information they’ve...
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Steps to Switching Banks

In the past few years, big banks have become so unattractive that many consumers switched to local banks and credit unions. Not everyone who dislikes their bank was willing to go through the trouble of moving their money elsewhere. According to a recent ConsumerReports.org survey, 63% respondents considered switching but didn’t go through with it because of the trouble it would take to transfer payments and deposits.Sure, switching banks is tedious, but in the end, you’ll...
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Overcome Budget Frustrations

One of the best pieces of financial advice is to budget your money. Budgeting is the foundation of financial health and the key to accomplishing most, if not all, of your financial goals. Unfortunately, when you’re budgeting for the first time, things may not turn out the way you think they should. It may be the budget itself or the way you’re approaching it. Don’t give up. The problem can usually be fixed. Confirm you've created...
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4 Reasons to Pay Bills Even When You Don't Want To

It’s a basic fact of life that you’ll have to do things you don’t want to do. Wake up early when you really want to sleep in. Postpone vacation because you have other financial priorities. And, pay bills that you really wish you could just blow off. It’s easy to think that we can skip certain debts because they’re owed to big companies who won’t miss our pocket change. Maybe they won’t miss your money. But,...
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Consumers Say Overspending is the Biggest Financial Regret

Financial mistakes are bound to happen. Some are worse than others. According to a poll from the National Foundation for Credit Counseling, the biggest financial regret is habitual overspending. More than 2,200 people responded to the poll and 53% agreed with the top pick. Other responses: Inadequate savings, 18%Insufficiently preparing for retirement, 14%Not having a house, 10%Having purchased a house, 5%. A Few Consequences of Overspending One of the problems with overspending is that it keeps...
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Checking Account Advance Only Slightly Better Than Payday Loans

Several major banks now offer a short-term loan product similar to payday loans. If you have a checking account in good standing with direct deposit, you may qualify for a checking account advance or direct deposit advance. You avoid the stigma of going to a payday loan store and the advance is repaid automatically with your next direct deposit or with 35 days. If your bank offers the service, you may find a link to request...
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Tips for Spending the First Paycheck From a New Job

Whether it’s your first job or just a new job, the first paycheck is critical. There’s often a lag between the day you start and the day you get your first check, so you may be anxious by the time the check comes. But, make sure you have a sound plan for how you’re going to spend that check and every check that comes after it. Don’t start spending before you actually get the first paycheck....
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