Finance Globe

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

Four Red Flags of Too Much Debt

high-debt-receipts
Consumer debt has been rising steadily as the economy recovered from the 2008 recession and overall consumer debt reached a record $13.5 trillion in the 4th quarter of 2018, according to the Federal Reserve Bank of New York's report on U.S. household debt and credit. Rising levels of debt may not be good for the economy and especially on consumer wallets. Here are some ways you can tell if you're adding too much debt each month. You...
Continue reading
  296 Hits
  2 Comments
Recent Comments
Wanderer
This is scary as it indicates consumer spending may be out of control. As the author laid out there are limits on out finances and... Read More
Friday, 08 March 2019 06:55
Frank
Completely agree Wanderer. I think we are living in very scary times!
Monday, 18 March 2019 16:18
296 Hits
2 Comments

A Spring Garage Sale May be Just What You Need

garage-yard-sale
As the winter season comes to an end, it’s safe to say that you’re looking forward to warmer weather and everything that comes along with it. After a long winter, you may realize that you’ve got more clutter in your home than you would like. Rather than throw out any unwanted items, it makes better sense to organize a garage sale. Not only does this help you remove clutter, but with the right approach you can...
Continue reading
  424 Hits
  2 Comments
Recent Comments
Frank
I am in bad need of getting a garage sale! I have so much stuff to get rid off, I am hoping to get one organized by April!
Wednesday, 27 February 2019 15:56
Frank
I was able to get my act together and did a garage sale this March. While I did not make a ton of money I was able to get rid of a... Read More
Monday, 18 March 2019 16:17
424 Hits
2 Comments

Items to Negotiate With Your Cable Company

cable-tv-couple-couch
Cable companies are notorious for regularly increasing the cost of your service. Just as you get comfortable with one payment, you receive a bill that you’re not expecting. While you could simply pay the higher bill, you don’t necessarily want to take this approach. It’s better to contact your cable company, ask about the increase, and determine if there’s anything you can do to save. It goes without saying that you can negotiate the overall price...
Continue reading
  370 Hits
  1 Comment
Recent comment in this post
Frank
Its pretty easy to switch cable providers, so I usually switch every 2-3 years to get the best deal and keep them honest.
Wednesday, 27 February 2019 15:55
370 Hits
1 Comment

3 Options for Consolidating Your Credit Card Debt

close-credit-card-account-cut-up1
Trying to pay off multiple credit cards can be complicated. You have to break up your extra money between all your balances, which means you’re not making as much progress as you would if you could just pay one debt. Consolidating your credit card debt makes it much easier to pay since you can make a single payment. The hard part can be figuring out the best way to consolidate. Here are a few options to...
Continue reading
  396 Hits
  1 Comment
Recent comment in this post
Frank
I think consolidating it with a home equity line is usually the best plan as its usually the lowest interest rate. You can also pa... Read More
Wednesday, 27 February 2019 15:36
396 Hits
1 Comment

Ask Your Credit Card Company to Change These Things

man-red-credit-card-phone-calling
When you apply for a credit card, you do so after comparing a variety of offers in order to find the right one. Over time, the terms and conditions of your credit card could change. If this happens, you shouldn’t hesitate to contact your issuer to discuss your options. Furthermore, if you come across something that no longer works for you, it’s worth asking for assistance. Here are three things you should ask your credit card...
Continue reading
  441 Hits
  1 Comment
Recent comment in this post
Frank
Always ask for the manager! Sometimes they don't provide it, but I have had success in the past.
Wednesday, 27 February 2019 15:35
441 Hits
1 Comment

What’s the Problem with a Low Credit Score?

poor-bad-credit-score-425
A low credit score (also known as a bad credit score) isn’t the end of the world. Even if you have a low score, it doesn’t necessarily mean you can’t live the life you want in regards to your finances. However, as time goes by, you’ll come to realize that a low score is impacting you in a variety of ways. Here are five issues that could come to light: •    Loan denial: Lenders look at...
Continue reading
  417 Hits
  2 Comments
Recent Comments
Frank
Thanks for the info Chris. A low credit score really only hurts you. If you have a low credit score now, make a goal this year to ... Read More
Wednesday, 27 February 2019 15:34
Wanderer
One method to help improve credit scores is to keep your credit utilization under 30% and some schools of thought even take it to ... Read More
Monday, 11 March 2019 07:39
417 Hits
2 Comments

3 Tips for Tracking Your Credit Card Spending

woman-shopping-credit-card-spending
Spending too much on your credit card can lead to major problems. Big credit card balances put you at risk of going into debt. They can also hurt your credit score, since 30% of your credit score is based on how much of your credit you’re using. Here are some tips for tracking your credit card spending so you’re on top of what you’re charging each month. Use a spreadsheet. If your credit card lets you...
Continue reading
  456 Hits
  1 Comment
Recent comment in this post
Frank
A lot of the major credit card companies (Chase, American Express, etc.) track your spending into categories automatically. They c... Read More
Wednesday, 27 February 2019 15:33
456 Hits
1 Comment

Introduction to Asset Allocation

asset-allocation
As I mentioned in my 2018 stock market in review article, asset allocation is very important in evaluating your investment portfolio. Many people perform their asset allocation themselves or hire a financial expert to assist with it. If you are looking to start performing your asset allocation yourself or learn more about it, I thought I would provide a high-level overview. Please let me know if you have any follow up questions, and I would be...
Continue reading
  383 Hits
  1 Comment
Recent comment in this post
Frank
I usually re-do my asset allocation twice a year.
Wednesday, 27 February 2019 15:32
383 Hits
1 Comment

Financial Scams in 2019

upset-man-woman-meeting
Financial scams are extremely common now. They put a lot of people at risk and in many cases you can lose a lot of money. With the advancement in technology, scammers are getting smarter and that makes it much more difficult to identify the scam before it is too late. As we enter into 2019, below are a few scams to keep an eye out on. Crypto Rip-Offs : Cryptocurrencies are so common now due to...
Continue reading
  607 Hits
  2 Comments
Recent Comments
Wanderer
A good read and somewhat sobering to say the least. Who can a person trust?
Sunday, 10 February 2019 07:40
Frank
In this day and age, very few people! My wife's Paypal account was recently hacked! Luckily paypal was great about it.
Wednesday, 27 February 2019 12:58
607 Hits
2 Comments

2018 Stock Market In Review

stock-market-charts-files
For those who don’t follow the stock market on a regular basis, I thought I would provide a high level summary and recap. Most investors are relieved that 2018 is over. There were a lot of highs, including the tax-cut optimism, to quite a lot of lows, especially the last few months. From a U.S. stock market perspective, it was the worst performance since 2008 during the financial crises. The S&P 500 fell 6.2% for the...
Continue reading
  604 Hits
  2 Comments
Recent Comments
Wanderer
Good review of 2018. Appreciate the concise review.
Sunday, 10 February 2019 07:42
Frank
Thanks Wanderer. After every year do you compare how your total portfolio did compared to the U.S. or global stock market?
Wednesday, 27 February 2019 12:57
604 Hits
2 Comments