Finance Globe

Paying bills online is great; it saves time and money. You don't have to buy stamps and checks, and it takes less time to set up online payments than it does to write and mail checks every month. You can make online payments to your mortgage company, your utility companies, your credit accounts, and even to individuals, such as your landlord or your children's nanny. When you pay bills online, you have a few options in...

The unemployment rate is on the rise, the stock market has been giving investors a scary ride, the American homeowners' biggest asset has been devalued, inflation is pushing up the price of everything, and we still have a family to feed...It's easy to get careless about finances when times are good and credit is easy, but the recent problems in the U.S. have forced many of us to take a harder look at how we're earning...

According to the U.S. Department of Labor, the unemployment rate rose to 5.7 percent for July, the highest it's been in four years. Non-farm payroll employment continues to trend down, at a loss of 51,000 jobs. Employment continues to fall for occupations in construction, manufacturing, and certain service-providing industries, while mining and health care jobs are being added.The number of unemployed persons has risen by 1.6 million over the last twelve months; currently 8.8 million people...

The White House expects a record-breaking federal deficit.The federal budget deficit for fiscal 2009 is estimated to top a record-high of $482 billion, according to a Bush administration report released on Monday. The last highest deficit record was set in 2004, in the amount of $413 billion.Earlier deficit projections for 2009, released in February, were estimated to be $407 billion. White House officials say that the Economic Stimulus Package is partly to blame for the higher-than-expected...

The new federal minimum wage of $6.55 an hour goes into effect today, which amounts to a $.70 pay raise for the roughly two million American workers who must make ends meet on minimum wage.This increase is the second in a three-year plan to increase the federal minimum wage; minimum wage workers can expect another $.70 wage increase next summer, to bring to federal minimum wage to $7.25 an hour. If the state and federal minimum...

In the midst of a weak economy, high gas prices, falling real estate values, and a slowing job market, we also have to tighten our budget for the rising cost of food. Many have already noticed their grocery bills edging upward; food prices have already risen over 5% this year, increasing at the fastest rate since 1990. And those costs are expected to keep on rising, many types of foods will see another 15% increase in...

Higher grocery bills now and are expected in the futureA weak economy and high inflation is already costing consumers a larger portion of their paychecks for basic needs such as fuel and food. Grocery prices have risen over 5% from January to June in 2008, and they're expected to go up by another 15% in the near future.Times like these leaves many of us looking for ways to save money on our food bill. But it...

Gas prices, here in my town, have hovered just over $4/gallon for months, hitting a high last month at around $4.09. It was actually quite surprising to see a gas price sign for $3.99/gallon last night. Though any relief is better than no relief, we're still paying over a dollar a gallon more than we were last year around this same time. What has caused gas prices to drop ever so slightly?Dolly's threat temporarily pushed gas...

The Federal Reserve and Treasury announced plans on Sunday to lend a hand to mortgage giants, Fannie Mae and Freddie Mac, by temporarily extending their long-standing credit lines if needed. The two companies would be able to borrow funds from the Fed at a rate of 2.25%, the same rate given to commercial banks and big Wall Street Firms.The Fed said that this should helps the companies' ability "to promote the availability of home mortgage credit...

Escrows basically force a homeowner to budget for those pesky property taxes, hazard insurance premiums, and mortgage insurance. It's commonly understood that the mortgage lender collects a prorated amount each month along with the loan payment, and then pays those bills directly when they are due. Homeowners can make mistakes, causing errors in escrow payments. But even though the lender takes on the responsibility of ensuring on-time tax and insurance payments, the homeowner should always remember...