Finance Globe

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

How Much Should You Spend on Entertainment Every Month?

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As you review your budget, one category may stick out like a sore thumb: entertainment. While there’s nothing wrong with spending some money to have a good time, you don’t want to go over board. Doing so can wreak havoc on your finances, thus calling for a complete overhaul of your budget. So, this leads to an important question: how much should you spend on entertainment related expenses every month? There’s no right or wrong answer...
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The Most Common Complaints Against Debt Collectors

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The Consumer Financial Protection Bureau recently released its 2019 Fair Debt Collection Practices Act Annual Report which discusses trends in consumer debt collection complaints. The FDCPA is the federal law that dictates what third-party debt collectors are allowed to do when they’re collecting a debt. The CFPB receives complaints from consumers about financial services businesses, including collection agencies. After receiving a complaint, the bureau opens an investigation and attempts to work out a resolution between the...
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Frank
I would never work in this industry. I view it as slimy and unprofessional.
Thursday, 30 May 2019 10:08
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What to Do If Your Credit Card is Maxed Out

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Most credit cards come with a credit limit, which is the highest outstanding balance you’re allowed to have on your credit card. Your credit limit is based on a few factors: your credit score, your income, and the credit card itself. Spending all the way up to your credit limit is known as maxing out your credit card. Even though your credit card issuer allows you to spend all the way up to your credit limit,...
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Wanderer
Scary thing about maxing credit cards is when your balance shows up at the credit bureaus and the other creditors that monitor you... Read More
Sunday, 07 April 2019 06:02
Frank
If you have maxed out of your credit cards, you should seek financial assistance or professional help to begin tackling your debt.... Read More
Thursday, 30 May 2019 10:06
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How to Improve Your Savings in 2019

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2019 is off to a fast start and hopefully the winter is over. Now that you are getting your taxes done for 2018, you may want to look at your financial picture for 2019. This is a great time to start boosting your savings and really focusing on your financial plan. Below are tips and helpful guidelines to help improve your savings in 2019. Please feel free to add any in the comments section below. Breakdown...
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Frank
Has anyone had success increasing their saving in 2019?
Wednesday, 29 May 2019 14:43
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What is the Sharing Economy

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While 5-10 years ago most people had never heard of the term sharing economy or knew exactly what it meant. Fast forward to today, and the reality is very different. Our modern economy includes an economic model that includes a sharing economy. But what exactly does that mean? Below is a summary of what a sharing economy is and how it affects your everyday life. A sharing economy has many facets, but is a mode of...
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Frank
Did anyone purchase UBER when it went public?
Tuesday, 28 May 2019 11:59
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What Should You Look for in a Car Loan?

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Buying a car is supposed to be fun. Unfortunately, your good time can be spoiled if you run into challenges when searching for a loan. On the plus side, there are thousands of lenders across the country offering car loans. From small community banks to national lenders to credit unions, your options are nearly endless. With so many options, you must carefully consider the finer details of each lender and loan that’s available to you. Here...
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Why Was My Mortgage Application Denied?

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Once you decide to purchase a home, you’re faced with a variety of questions, tasks, and responsibilities. One of the most important steps is applying for a mortgage. While you hope that everything works out, there may be a major concern on your mind: a denial. There are things you can do to tilt the scales in your favor, such as saving up a down payment of at least 20 percent. Unfortunately, there is no guarantee...
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Frank
Usually you can call and get a "phone" approval/rejection based on high level information. This is not binding, but can give you g... Read More
Tuesday, 28 May 2019 11:42
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What You Should Know About Account Takeover Fraud

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As credit cards become more secure and consumers become more savvy about protecting their financial accounts, there’s another type of account that we should be on guard for - account takeover fraud. Criminals can do just as much damage by taking over your accounts as they could by having direct access to your credit card or bank account. What is Account Takeover Fraud? Account takeover fraud is a type of theft where a criminal gains access...
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Recent Comments
Wanderer
"Account Takeover" is a subject not often mentioned by most anyone related to our own financial security? It is really scary after... Read More
Sunday, 07 April 2019 06:27
Frank
How do you guys usually store your passwords? Given the need to have a unique password for each account, I am curious how to store... Read More
Tuesday, 28 May 2019 11:41
latoyairby
I have a system for coming up with passwords, but if I tell you, you'd be able to hack all my accounts. I can tell you it's a mix... Read More
Tuesday, 25 June 2019 02:20
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Buying Life Insurance? Avoid These Mistakes

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Buying life insurance is never easy, as you may find yourself pulled in two different directions. On one hand, you want to put a lot of time into the process because you understand how important it is to purchase the right policy. On the other hand, who really want to think about what will happen when they pass away? Below are five of the most common mistakes people make when buying life insurance: 1. Neglect to...
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Frank
I always recommend pursuing term life insurance. To me the benefits far out weigh all other options.
Sunday, 28 April 2019 19:36
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Is Your Mortgage Broker Trying to Scam You?

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As you search for your dream home, you’ll soon find yourself facing a variety of important questions. While most your attention is focused on finding the right property, it won’t be long before you begin your search for the perfect mortgage. Many people turn to the service of a mortgage broker, as doing so is one of the best ways to secure a competitive rate from a reputable lender. Unfortunately, this process is easier said than...
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Frank
I tried to use one when we bought our first home, but had a terrible experience. Not worth it and I would not recommend it.
Sunday, 28 April 2019 19:34
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