Finance Globe

The credit crunchThe U.S. mortgage meltdown of 2007 started the whole process of a global credit crunch. Extreme bank losses, due to record numbers of defaults and foreclosures, put some lenders out of business, and caused many secondary mortgage markets to dry up.And, to limit losses, the financial institutions that survived the meltdown have tightened the grip on their cash, becoming more cautious in granting any type of credit, whether credit card, home mortgage, or auto...

When I first started driving as a teenager, gas was only $.99/gallon. And the car I drove was a Chevy Chevette. Not too glamorous, but I could get to school, work, and play for about five dollars a week. Yes, times have changed, but I think they changed a lot more than any one expected in the way of gas prices. So, what now? Back to the horse and buggy days? Is there a bright side...

Credit monitoring services offer subscribers access to their credit reports and credit scores from one or all three of the major credit reporting agencies, Experian, Equifax, and TransUnion.Many monitoring services allow unlimited access to your reports, even as much as daily. Some have other features to help you improve your credit, and may offer tips for your particular credit situation. Most services cost about $120 to $180 a year.Consumers may have different reasons for using a...

One of the decisions you'll need to make when you move out on your own is whether to have a roommate. Having a roommate lets you share in the cost of having your own place, and can make an otherwise out-of-reach apartment affordable. Choose the right roommateThe right roommate can be or become a good friend, but not all your friends will make good roommates. Ensure that you and your roommate will be compatible under the...

An emergency fund helps to get you through...an emergency.According to a Bankrate.com poll, only 4 in 10 Americans have an adequate emergency fund to fall back on. With three to six months of living expenses being the recommended savings, it's easy to see why. Putting away enough money in an emergency fund can take a typical family several years to build up. And all the while, there's the possibility that an emergency will come up, requiring...

The size of your emergency fund depends on your personal situation.Just as there's a lot of conflicting advice on many money issues, there are different recommendations on how much to save in your emergency fund depending on who you get the advice from. Though the commonly accepted advice states you should save three to six months' worth of living expenses, some financial advisors feel that to be totally safe you should save a year's worth of...

Moving out on your own is a big step towards independence, and means more freedom and increased responsibility. It's a good idea to begin preparation about a year before you actually do move, so you have a chance to save money for all the expenses related to moving into your own place of residence. Many have moved out on their own with very little advanced preparation, and while it is certainly possible, it's just more difficult...

Every parent wants to provide their children with the basic needs, and also enough of the extras to give their kids an enjoyable childhood. But kids don't always know what they need to have fun. You know how it is, they beg and beg for an item because they saw it on TV or their friends have it. You finally shell out the dough to pay for it after you believe that it means that much...

You could spend a small fortune preparing for the birth of your child, even before the little angel is born. So many cute outfits, cute bedding sets, and cute toys to choose from, it may be difficult for first-time parents to know what is actually needed and what you can go without. Save on baby gear, and don't deplete your savings or incur debt to welcome your new sweetheart home. It's good practice to control costs...

Ready for some changes in your living space, but don't want to spend big bucks? Relatively low-cost, and fairly easy projects can give your home a face lift. Smaller projects are great, because you can choose to do a little at a time, or you can choose to do it all at once, depending on your budget and your available free-time. And, a small project can make a big impact in the overall effect of the...