Finance Globe

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

Thinking About a Business Loan? Answer These Questions

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There may come a time when your business requires additional capital. While there are many ways to seek funding, a business loan is often the best. With so many products to choose from – and hundreds of lenders offering them – you won’t struggle to find something that suits your requirements. Since taking out a business loan is such a big decision, it’s important to answer a variety of questions before pushing forward. Here are seven...
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Frank
I took out a small business loan last year, and shopped around for almost 3 months. There are so many providers out there, it is w... Read More
Thursday, 21 March 2019 11:34
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4 Options for Dealing With Higher Credit Card Interest Rates

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Your credit card interest rate affects how much you pay for carrying a balance on your credit card. The higher your interest rate, the more you'll pay in finance charges and the longer it will take you to pay off your full credit card balance. When you have a variable credit card rate, there's always the risk that your interest rate will go up. That's because variable rates are indirectly tied to the Federal interest rate. Whenever...
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Wanderer
Good information that covers most of the questions people think of. Today, unlike one or two years ago when there were more Fixed ... Read More
Friday, 08 March 2019 06:43
Frank
As I always like to push, you should be paying off your credit card in full every month. There are other alternatives to borrowing... Read More
Thursday, 21 March 2019 11:33
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Small Business Payroll: Answer These Questions Early On

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As a small business owner, you’ll have many questions to answer early on in regards to payroll. If you address these right away, you’re in position to implement a system that works for both you and your employees. However, if you put this off, you could find yourself making mistakes that cause additional stress and headaches. Here are the most important payroll questions to answer as you get your small business up and running: •    Will...
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Wanderer
The scary part of payroll is when you see that the Federal, Medicare, State and local related payroll taxes have to be paid on a t... Read More
Friday, 08 March 2019 07:03
Frank
I think even if you have 1 employee besides yourself, it is worth it to outsource this process. As wanderer and ChrisB mentioned, ... Read More
Monday, 18 March 2019 16:20
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Four Red Flags of Too Much Debt

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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...
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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
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A Spring Garage Sale May be Just What You Need

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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...
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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
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Items to Negotiate With Your Cable Company

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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...
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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
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3 Options for Consolidating Your Credit Card Debt

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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...
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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
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Ask Your Credit Card Company to Change These Things

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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...
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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
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What’s the Problem with a Low Credit Score?

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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...
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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
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3 Tips for Tracking Your Credit Card Spending

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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...
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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
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