Finance Globe

Budget carefully and stay within your limit. Yes, you need a budget. A good budget is essential to good money management at every stage of life, no matter how much or how little you earn. Having a budget means that you are in control of your spending - a must if you want to be sure you can pay your bills every month and still have money for some of the fun stuff. A good budget...

The Federal Trade Commission announced yesterday that almost $28 million was returned to about 86,000 consumers as part of a settlement with the Bear Sterns Companies, LLC and EMC Mortgage Corporation.The September 2008 settlement was in response to charges that the companies engaged in illegal practices in servicing consumer mortgage loans - by misrepresenting the amounts the borrowers owed, using unlawful and abusive payment collection tactics, and charging unauthorized fees such as late fees, property inspection...

As a whole, American consumers have become much more educated in the past few years about the threat of ID theft. We've really stepped it up to protect ourselves from this widespread crime - a crime that violates our privacy and can lead to serious financial problems through no real fault of our own. Smart consumers know to protect themselves from identity theft by carefully guarding all private identifying information, being careful of who they disclose...

Today at noon eastern standard time Barack Hussein Obama became the 44th President of the United States of America. The inauguration of America's first black President brought huge crowds to Washington, estimated at about 1.4 million to 2 million.Countless others who skipped going to Washington to witness the historic event in person tuned in to watch on the web or on television. Outgoing president George W. Bush and his wife Laura left the Capitol by helicopter...

The Taxpayer's Government Bailout For any of you who may have or are thinking about helping to rescue the real estate market by buying your first house, be aware of the interest-free loan that you may be eligible for from the IRS - in the form of the first-time homebuyer's credit.In general, a credit is much more beneficial than deduction because a credit reduces your tax bill or increases your refund dollar-for-dollar - unlike a deduction,...

Neglecting parts of the winterizing routine can be expensive.Wow, this winter's been C-O-L-D! I live in the Midwest where we typically expect a few weeks at a time of well-below freezing weather, but I think we've hit some records this year.And with this cold weather comes the excruciatingly painful heating costs. I just received my electric bill, the most expensive since the three years I've lived here. My neighbors said the same, that last month's was...

Avoid overdraft fees and Non-Sufficient Funds (NSF) charges.Carefully tracking your balance is essential to good checking account management. One mathematical error or simply forgetting to document all check and debit transactions can lead to costly problems. A bad check or an automatic payment that you forgot you signed up for can easily cost you several times more than the typical $30 overdraft or Non-Sufficient Funds (NSF) charge. Many merchants or service providers will try to run...

The Internal Revenue Service announced yesterday that the e-file program will open on January 16, 2009, with new features that expand access to electronic filing to help taxpayers get their refunds quicker.E-filed tax returns are safe - all tax information is protected through encryption. Plus, the tax preparation software used to e-file helps prevent many of the mathematical errors that can delay an expected refund."IRS e-file meets the needs of nearly all taxpayers, no matter how...

Housing downturn sees no end as majority of new loan applications are for refinance.The Mortgage Bankers Association (MBA) reported today that mortgage loan application volume was up 15.8% from the previous week, on a seasonally adjusted basis.This measure of the Market Composite Index was for the week ending January 9, 2009. On an unadjusted basis, the index rose 95.7% from the previous week. But while the number of mortgage applications rose, the vast majority - over...

Since December 11, 2008, Wachovia Bank began mailing restitution checks totaling more than $150 million to victims of telemarketing fraud.The checks are reimbursement for payments taken from Wachovia Bank customer's accounts, authorized without the customer's approval or knowledge, by fraudulent telemarketers and their payment processors.This restitution is part of a settlement for allegations that the bank, headquartered in North Carolina, allowed the unauthorized withdrawals from customers' bank accounts even though they knew or should have known...