Finance Globe Blog

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

Don’t Use a Credit Card for Investing. Here’s Why.

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If you have a credit card with available credit and you’ve just spotted a great investment, you might be tempted to use your credit card to get into the investment. However, that could be a huge mistake - one that could leave you with credit card debt and no value in your investment. Here’s why you shouldn’t use your credit card for investment. The Cost of Investing With a Credit Card Using a cash advance...
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Frank
I would never advice to make investments with a credit card. WAY to risky.
Saturday, 19 May 2018 14:35
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5 Basic Rules for Investing

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  According to CNBC, more than 700,000 people became millionaires in 2017. And many of them did so through investing. Whether your goal is to become a millionaire or to build a sizeable income, knowing how to invest can help you reach your overall financial goals. There are some rules every investor should follow. Invest in what you know. There are lots of types of investments - stocks, bonds, mutual funds, IRA, real estate, to...
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Frank
I would also add: (i) research, (ii) ask lots of questions, and (iii) seek out professional advice.
Saturday, 19 May 2018 14:34
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Easy Ways to Save on Your Water Bill This Spring

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With the winter weather finally phasing out, there’s no denying the fact you probably have a lot of catching up to do. For example, you may need to get outside to mow the lawn, power wash your home, and make sure your property didn’t sustain any major damage during the winter months. Springtime is also a great time to revisit your budget, all with an eye toward saving money. Here are three suggestions for saving...
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Frank
Almost my entire neighborhood has these rain barrels. I think they are great! I haven't set one up yet for us, but I plan to this ... Read More
Saturday, 19 May 2018 14:33
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Answer These Questions Before Booking a Hotel

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Are you in the process of searching for a hotel to book? It doesn’t matter if you’re traveling for business or pleasure, you’ll come to find that you have many choices. While it’s easy to make a final decision and go with it, you don’t want to get ahead of yourself. Instead, you need to answer a variety of critical questions before booking. These include the following: •    Where can you get the best deal...
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Frank
I usually book with one of the major online reps like priceline, kayak, or expedia. Most offer the full price you'll pay and the c... Read More
Saturday, 19 May 2018 14:32
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Online Credit Card Account Access: What Can You Do?

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Do you carry a credit card? If so, there’s a very good chance you have access to online account management. There aren’t too many credit card companies in today’s world that don’t provide cardholders with this feature. It’s important to understand the many benefits of online credit card account access, as to ensure that you take full advantage. Here are five things you can do with this: •    Learn more about the details of your...
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Frank
I didn't know people were paying off their card card any other way besides the online account.
Saturday, 19 May 2018 14:32
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How to Choose the Best Gas Rewards Credit Card

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A gas rewards credit card is exactly what it sounds like: you earn rewards for spending money on fuel. Just the same as any rewards card, you earn points for every dollar you spend. These points can then be redeemed for everything from cash back to travel to miscellaneous merchandise. If you fill up your tank often, a gas rewards credit card is one of the best ways to get the most out of every...
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Frank
At a minimum you should be getting a 3% return. I have seen some credit cards offer up to 10% cash back.
Saturday, 19 May 2018 14:31
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Don’t Forget the Other Costs of Buying a New Car

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Are you thinking about trading in your current vehicle? Do you have reason to believe that now’s the best time to make this move, both from a personal and financial perspective? While the actual cost of the vehicle will impact your budget in many ways, you don’t want to stop there. There are other costs to take into consideration, all of which will determine if making the move is a good idea. Here are three...
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Frank
I never advise anyone to buy a brand new car. Cars depreciate in value so quickly. My recommendation is to purchase one 1-4 years ... Read More
Saturday, 19 May 2018 14:30
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3 Things to Consider Before Settling a Debt

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If you fall behind on a debt, your creditor may extend an offer to settle the debt for less than the balance due. When you settle a debt, you pay only a portion of the balance due and the creditor cancels the rest of the debt. Settlement offers are typically only made on past due and charged-off accounts and on debt collections. If you’ve received a settlement offer from one of your creditors, here’s what...
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Frank
While you should definitely consider these things, if you do get a really good deal on the debt settlement, I would definitely tak... Read More
Saturday, 19 May 2018 14:30
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Does a Fraud Alert Provide Enough Protection?

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With the increased amount of data breaches comes an increased need to protect your identity from being stolen. Once a thief has your personal and financial information, they can use it to make unauthorized charges on your account, open accounts in your name, take over your current accounts and leave you to deal with the fallout. Fraud alerts have been a way to protect your identity for several years, but is a fraud alert enough?...
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Frank
I will say I really don't think there is any fraud alert/prevention solution out there that truly protects you. The individual sho... Read More
Saturday, 19 May 2018 14:29
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What is BlockChain?

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Last month, I wrote an article on what Cryptocurrency is . Given the increased demand around Cryptocurrency, I wanted to write a brief overview of the technology behind Cryptocurrency, which is blockchain. Below is a high-level summary of what Blockchain is. Please feel free to post any follow up questions in the comment section below. As previously discussed in the Cryptocurrency article, in the language of cryptocurrency, a block is a record of new transactions...
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