Finance Globe Blog

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

These Financial Traps Could Set You Back in 2019

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Even if you’re happy with your financial situation and the way you’re managing your money, you never know what the future will bring. It only takes one mistake or misstep to find yourself heading down the wrong path. With so many financial traps lurking, it’s imperative to think long and hard about every money move you make. Here are five traps to keep out of your life in 2019: 1. Taking Money From Your Retirement...
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Frank
I would add: (1) Investing in Bitcoin/cryptocurrencies (2) not paying off your credit card every month.
Tuesday, 29 January 2019 16:20
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7 Best Ways to Spend a Year-End Bonus

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Many employers pay a year-end bonus as a reward to employees for their hard work and dedication throughout the year. After laboring all year long, most people think about splurging the bonus, but there may be some better ways to put the money to good use. Put it aside for taxes . After it’s added to the salary you earned throughout the year, a year-end bonus may push you into a new tax bracket. You...
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Frank
I can tell you I am saving my bonus this year!
Tuesday, 29 January 2019 16:10
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5 Risks of Using Credit Cards

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  Credit cards are a type of financial product that lets you borrow money against a credit limit. You’re responsible for repaying all the transactions you make, either by paying all at once or by making minimum monthly payments toward your outstanding balance. While credit cards offer several benefits, like the ability to finance large purchases or earn rewards on your transactions, they also come with a certain amount of risks that you should be...
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Wanderer
This post hits it right on. Will add that of late, financial providers are looking closely at how many new accounts you open in a ... Read More
Saturday, 29 December 2018 06:38
Frank
While I agree these are all risks, there are also so many benefits of using credit cards if you use them in the right way. As long... Read More
Tuesday, 29 January 2019 16:09
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Financial Questions for Business Owners to Answer in January 2019

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As a business owner, January is one of the busiest months of the year. Not only do you have to tie up loose ends from the previous year, but you also need to look ahead to the months to come. When January 2019 arrives, don’t hesitate to answer a variety of key questions regarding your financial situation. Your answers may change as the year wears on, but that shouldn’t stop you from getting everything in...
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Frank
Thanks for these Chris. When you answered these questions for yourself did you write down the answers?
Tuesday, 29 January 2019 16:05
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FDIC vs. SIPC Insurance: What's the Difference

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When you’re looking for a safe place to put your cash and possibly earn some interest, it’s important to make sure you understand the type of coverage your account comes with. FDIC and SIPC are two types of coverage that many financial institutions and brokerages offer to their customers. Banks are typically covered by the Federal Deposit Insurance Corporation or FDIC. Funds in checking, savings accounts, CDs, and money market accounts are insured up to...
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Wanderer
Very interesting! Did not know or understand the differences which are quite large. Thanks!
Tuesday, 25 December 2018 06:10
Frank
I never knew the major difference either! Thanks for the great information!
Thursday, 27 December 2018 09:52
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Do Your Best to Avoid These Estate Planning Mistakes

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The end of one year and the beginning of the next are among the best times to turn your attention to estate planning. While this may not be one of the more exciting things you do, it’s definitely one of the most productive. With so many details to consider and decisions to make, it’s not out of the question that you could fall prey to an estate planning mistake. Fortunately, if you’re familiar with these...
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Wanderer
Good topic as you point out the realities of Estate Planning. The part about using an experienced attorney is especially notable. ... Read More
Tuesday, 25 December 2018 06:15
Frank
I tried the "do it yourself" and failed miserably. It is way too complicated to do it yourself, hire a professional. It is worth t... Read More
Thursday, 27 December 2018 09:51
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What Good Credit Card Customer Service Looks Like

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When choosing a credit card, it’s important to do so with customer service in mind. You don’t expect to have many questions or concerns, but you never know what you’ll face in the future. Good customer service takes on many different forms, including the following: •    More than one way to get in touch. From the phone to live chat to email, the best credit card companies give you more than one way to touch...
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Frank
If I can get someone on the phone under 2 minutes, I consider that a great start! I hate dealing with the automatic services.... Read More
Thursday, 27 December 2018 09:50
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When Your Credit Report is Missing Information

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When you’re checking your credit report , one of the things to watch for is that all your information is complete and accurate. But, if you notice an account missing from your credit report, you could be concerned, especially if it’s an account with a positive payment. These are a few explanations for why an account could be missing from your credit report and what you can do about it. The account is new and...
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Frank
I always recommend to call the credit agency and try to get a better understanding of why there may be information missing. They c... Read More
Thursday, 27 December 2018 09:49
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How Small Business Owners Can Save Time in 2019

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As a small business owner, the month of December is often the busiest time of the year. You’ll find yourself answering questions such as: •    Did you reach your goals in 2018? •    Are you in good position to take on everything 2019 will bring? •    What types of changes do you need to make to achieve more success in the new year? While you answer these questions, among many others, you may come to...
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Frank
I really like the software idea. If you want to be able to leverage your business without hiring additional people, software is th... Read More
Thursday, 27 December 2018 09:47
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Look for These Things in Your First Credit Card

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Are you interested in applying for your first credit card? Are you concerned about sifting through the hundreds of offers on your way to finding the right one? Searching for your first credit card can be enjoyable, stressful, and downright scary at times. On the plus side, there are numerous offers to choose from, thus allowing you to find one that is perfect for you and your financial goals. Conversely, a large number of offers...
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Frank
For my first credit card, I wanted no annual fee, cash back rewards, and a great online paying system so I can make sure I pay off... Read More
Thursday, 27 December 2018 09:46
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