Finance Globe

Major corporations are losing massive amounts of consumer information due to data breaches. Most recently, Yahoo reported a breach of more than 500 million accounts. It is the biggest data breach in history (as of September 2016). The impact of having your information exposed in a data breach depends on the type of information stolen. Basic information alone – email addresses, usernames, and passwords – typically enough to commit fraud or identity theft. But if hackers...

With so many great credit cards on the market, it’s hard to just have one. However, the more credit cards you have, the more difficult it is to keep up with the payments and balances and be sure none of the cards are dormant. Here are a few tips to help you manage multiple credit cards. Make your payments on time. Paying on time is important for keeping your accounts in good standing, minimizing fees, and maintaining a...

No one would knowingly volunteer to be a victim of fraud or identity theft. While you may do your best to keep your financial details safe, you could be unknowingly putting your identity at risk if you do any of these things. Use the same password for all your online accounts. We have dozens of online accounts for everything from email to social media to bank accounts. Unfortunately, many people get lazy and simply use the same password for...

Having your credit card stolen can send you into a panic. What if the thief maxes out your credit card before you can report the card stolen? Will your credit card issuer hold you responsible for the charges? If your credit card is ever stolen – or even just lost – don’t panic. Following a few simple steps will help you take control of your account and prevent the thief from racking up charges in your...

In a perfect world, our cash would flow smoothly from year to year with no major incidents. Unfortunately, life can’t always be perfect. Sometimes we cause our own money problems through overspending or other bad decisions. Other times, money problems are unexpected, caused by situations outside our control. Here are some of the worst money problems to have and tips for dealing with them. Not having enough money for a major expense. Emergency expenses, like a...

If you’re looking for a way to earn extra money, consider turning your hobby into an income stream. Whether your goal is to generate a little extra income or turn your hobby into a full-fledged business or somewhere in between, these tips will help you make a profit from your hobby. Make sure it’s something you enjoy doing. When you choose a hobby you enjoy – rather than one you think will make money –you’re more...

You might overlook the fees you pay because it doesn’t seem like a lot of money, but multiple fees can add up. Avoiding fees is easier than you may think. Late fees Late fees are the penalty imposed when you pay after the due date. Some late fees are more expensive than others. Your landlord, for example, may charge a hefty percentage of your rent as a late fee. Late fees can be avoided by simply...

Student loan debt has grown steadily over the last several years, with the total amount of outstanding debt topping $1.3 trillion according to a report from the Federal Reserve Bank of New York. Many borrowers owe more than $50,000 and some even owe more than $100,000. Dealing with student loan debt can feel overwhelming, but it's possible. Explore your repayment options. Many student loan providers give you several different options for repaying your student loans. Some...

For some people, financial troubles are caused by things outside their control – illness, loss of a spouse, or fraud. Other times, financial troubles can be traced back to things that you could have done differently. If you're having money problems, these habits could be the blame. Even if you're doing well right now, avoiding these will ensure you stay that way. Having Bad Spending Habits Overspending, not budgeting, failing to save, and using debt are all spending...

While the average retirement age is 62, you don’t have to stay in the workforce that long. If you can stash away enough money, you may be able to retire early. Here are some money habits that will help you quit working sooner. Make saving a priority. Instead of saving after you pay your bills, put money in savings first. Max out your employer’s retirement plan, especially if there’s a matching program. Save outside of your...