Finance Globe

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

Chris Bibey is a freelance writer and internet marketing professional located in Pittsburgh, PA.

What are the Drawbacks of a Secured Credit Card?

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Do you have poor credit? Are you struggling to build a credit history? Do you have concerns about ever qualifying for a credit card? Despite your stress, there are things you can do to put yourself on the right path. For example, a secured credit card comes with a variety of benefits: •    Easier to obtain than an unsecured credit card•    Low fee structure•    Refundable deposit (if you meet the terms and conditions) While these benefits...
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What are the Benefits of a Short-term Loan?

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With so many types of loans to consider, you should feel confident in your ability to find the one that’s best for you, your finances, and your goals. A short-term loan is often overlooked, but there are times when this is the perfect solution. Here are three of the many benefits associated with this type of loan: •    Lower interest rate: When borrowing money, you always want to know how much you’ll pay in interest. Short-term...
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Don’t Have 20 Percent for a Down Payment?

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When buying a home, a variety of financial questions and concerns will move to the forefront. While there are many numbers to keep in mind, 20 percent will come up time after time. This is the magic number when it comes to a minimum down payment.Basic math shows you that this is equivalent to $20,000 down for every $100,000 worth of home. So, if you’re buying a property for $200,000, a $40,000 down payment is what...
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Recent Comments
Wanderer
Sometimes even when you do not have 20% down, you will be money ahead in owning over leasing/renting and you potentially are build... Read More
Thursday, 13 June 2019 05:15
Frank
I will say I did not have 20% saved to purchase my first home. Most banks were still willing to work with me and I also did not ha... Read More
Sunday, 30 June 2019 10:56
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Save Money by Purchasing Contact Lenses Online

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If you wear contact lenses, you’re familiar with the expense of buying replacements every three, six, or twelve months. Even if you’ve made it part of your budget, it doesn’t make it any less painful when you have to part with the money. Fortunately, there are many ways to save on the purchase of contact lenses, with buying online one of your best options. If you’re interested in giving this a try, here are a few...
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Frank
I have tried this before, but unfortunately my vision insurance doesn't cover online eye contact purchases.
Sunday, 30 June 2019 10:54
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What are the Benefits of Joining a Credit Union?

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On the surface, a credit union appears similar to a traditional local bank. However, as you dig deeper, you’ll find that there are many features and benefits provided by a credit union that a bank simply couldn’t match. Above all else, credit unions are designed to help its members succeed financially. This should give you peace of mind, as you never have to concern yourself with your financial institution taking advantage of you. In regards to...
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What to do if Your Mortgage Application is Denied

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While there is nothing more exciting than shopping for a home, your good time can turn sour if you’re unable to secure a mortgage for your purchase. If your mortgage application is denied, there are a few key steps you must take: •    Find out why: This is your top priority, as you can’t make things right until you find out what went wrong. The lender is supposed to provide the reason or reasons for your...
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Save Money by Visiting an Independent Mechanic

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Does your car need new tires? How about a brake job? Is the check engine light on? From regular maintenance to emergency service, there are times when you require the assistance of a mechanic. Unfortunately, this is an expense you don’t typically want to take on. Rather than call your local dealer’s service department, you may be able to save money by visiting an independent mechanic. Here are three reasons why: •    You can negotiate: Good...
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Questions to Answer Before Quitting Your Job to Start a Business

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Are you strongly considering quitting your job to start a business? Are you both excited and concerned about making the move? Are you unsure if now is the best time to take the leap? There are many questions you must answer before quitting your job to start a business. By addressing these early on, you’ll better understand your situation and what you’re getting into. While there are countless questions to address, here are five of the...
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Recent Comments
Wanderer
Makes me think back to that "business plan" where you set aside enough cash to cover the times when you are waiting for money for ... Read More
Monday, 20 May 2019 03:59
Frank
I have only started businesses as a side hustle while still keeping my full-time job. I just like the fact that I can fall back on... Read More
Thursday, 27 June 2019 08:42
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Ways to Save Money on Prescription Medication

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Your health is more important than anything else, so if your doctor suggests you take a prescription medication it’s probably a good idea to follow their instruction. However, you may have concerns about the cost of the medication, especially if you’re on a tight budget. Fortunately, there are several ways to save money on prescription medication, with these four strategies among the best: •    Compare local pharmacies: While your current pharmacy may have the lowest price,...
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Frank
Do you ever ask the pharmacist for a coupon?
Thursday, 27 June 2019 08:38
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Don’t Pay That Credit Card Fee, Contact Customer Service

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Imagine this: you receive your credit card statement expecting more of the same, but are surprised when you come across a fee. There are many types of credit card fees, including but not limited to: annual fee, late fee, and foreign transaction fee. While these are all legitimate fees that you agreed to upon signing up for the credit card, it doesn’t necessarily mean you have to pay them. Before you do anything, contact customer service...
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Frank
I have almost a 100% acceptance rate calling the credit card's customer service. American Express is especially helpful.
Thursday, 27 June 2019 08:37
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