Finance Globe

Many Americans are struggling financially, with a large number of Americans living paycheck to paycheck and others having to borrow to make ends meet. Americans who grew up in a home with parents who struggled my repeat their parents’ mistakes because they don’t understand the important parts of being financially healthy. As you work to improve your finances, focus on mastering these key areas. Spend less than you make. When your monthly expenses are greater than...

Temporary layoffs can happen when you least expect and with no warning from your employer. Worse, you may not know how long the layoff will last and when your pay will start again. Staying on top of your finances can be difficult when there’s a delay in your pay. Here are some tips for staying on track until the layoff is over. Take advantage of your emergency fund. A delay in pay is the exact kind of situation...

  In the ideal car buying scenario, the value of your car would always exceed your outstanding loan balance. However, sometimes the opposite can happen and you owe more on your car than your car is actually worth - a situation that's referred to as being upside down on your loan. For example, if your outstanding loan balance is $17,000 and your car is valued at $12,000, then you’re upside down. If you wanted to sell...

Many employers pay a year-end bonus as a reward to employees for their hard work and dedication throughout the year. After laboring all year long, most people think about splurging the bonus, but there may be some better ways to put the money to good use. Put it aside for taxes. After it’s added to the salary you earned throughout the year, a year-end bonus may push you into a new tax bracket. You could end...

  Credit cards are a type of financial product that lets you borrow money against a credit limit. You’re responsible for repaying all the transactions you make, either by paying all at once or by making minimum monthly payments toward your outstanding balance. While credit cards offer several benefits, like the ability to finance large purchases or earn rewards on your transactions, they also come with a certain amount of risks that you should be aware...

When you’re looking for a safe place to put your cash and possibly earn some interest, it’s important to make sure you understand the type of coverage your account comes with. FDIC and SIPC are two types of coverage that many financial institutions and brokerages offer to their customers. Banks are typically covered by the Federal Deposit Insurance Corporation or FDIC. Funds in checking, savings accounts, CDs, and money market accounts are insured up to $250,000...

When you’re checking your credit report, one of the things to watch for is that all your information is complete and accurate. But, if you notice an account missing from your credit report, you could be concerned, especially if it’s an account with a positive payment. These are a few explanations for why an account could be missing from your credit report and what you can do about it. The account is new and the creditor...

The world of online lending makes it much easier to get funding for home improvements, debt consolidation, medical bills, or other financial needs. It’s also easier for scammers to trick unsuspecting consumers. Scammers can pose as legitimate lenders and trick you into paying for a loan upfront. Or, they can lock you into loans with higher interest rates and fees than you actually qualify for. Be on the lookout for both of these when you’re looking...

One of the features that comes with today’s smartphones is the ability to use your phone for payments rather than swiping your credit cards. The latest smartphones come equipped with a technology known as Near Field Communication, or NFC, which can transmit certain information when the phone is near an NFC-equipped reader. In the case of payments, your phone can securely send your payment information when it’s placed near a credit card terminal. Some smartwatches even...

  Any time you make an application that requires a credit check, an inquiry is added to your credit report. These inquiries are factored into your credit score for the next 12 months, which means each application has the potential to hurt your credit score for up to a year. Inquiries vs. Other Credit Score Factors Inquiries only make up a small percentage of your credit score - 10 percent to be exact, so you probably...