Finance Globe

There used to be a time when buying a home with little or no money down was possible. While this may still be the case in particular situations, most people realize they need at least five percent down to qualify for a mortgage.Here is the burning question for those who want to buy a home but don’t yet have a large enough down payment: how am I going to save the money I need without wasting...

A 52-Week Money Challenge has been circulating on social media and personal finance blogs over the past few weeks. With the onset of the New Year, many people are feeling inspired by a new chance to meet their financial goals and a challenge is one way to get you motivated. If you haven’t seen the 52-Week Money Challenge, here’s how it works. Start week 1 by depositing $1 into your savings. Yes, just $1. Each week,...

Are you looking for a safe investment? If so, there is no better time than now to consider a certificate of deposit (CD). With so many benefits, you owe it to yourself to decide if this is something that could work in your favor.Here are four of the most powerful benefits associated with CD investing:1. Safety. Let’s face it: in today’s day and age a growing number of people are shying away from investments that are...

For some people, the thought of saving money is something that never crosses their mind. They don’t care to save, don’t know how to get started, and/or are afraid of what will happen if they fail.Are you aware of the relatively simple ways to save money on a monthly basis? Here are five ideas to consider:1. Skip your morning coffee run. Are you the type of person who has to stop at Starbucks everyday for a...

When you hear the term “CD” you might immediately think of the round, flat disc that you stick into a player to hear music. There’s another kind of CD you should know about, one that can help you earn a little bit of money. CD is an acronym for certificate of deposit. This is type of low-risk investment you can open at a bank or credit union. You agree to leave your money in the CD...

A recent survey conducted by the FDIC shows that 25% of American households lack a savings account. You can certainly save money outside a savings account – by stacking the cash in a safe place or by leaving it in a checking account - but having a savings account has several benefits that those without an account may not realize. Your money is safer in certain savings accounts. If you’re saving money under a mattress and...

Saving isn’t easy. It’s especially hard when you try to save what’s left over after you’ve paid all your other expenses. For one, you may not have much money left over after paying bills. And after spending all your money on life’s necessities, you may not feel motivated to put money in savings. You’d probably much rather enjoy what you have left. That’s why many financial experts recommend the “pay yourself first” method of saving money....

If you have (or have thought about) a savings account at a traditional bank, odds are you aren’t getting a great rate. Savings accounts have one of the lowest rates of all types of investment and savings vehicles with rates as low as .10%. Put $1,000 in an account earning .10% annually and you’ll only earn $1 by the end of the year. In the past several years, a better type of savings account has become...

Start thinking about savingSaving money is something that most of us know we should do. But even though we know we should, some of us are better than others at actually following through on putting away cash for our future needs. It can be very difficult to form the habit of regularly building our savings account balance because it's very easy to put off saving for things we don't have an immediate need for. Even more...

Opportunity in a Bear MarketThe stock market's volatility sure does reflect a lot of uncertainty and fear out there. While there's good reason to be cautious, there's also good reason to start researching some possible buying opportunities. As the dominoes continue to fall, it can mean the strong companies that are still standing once the dust settles will be poised to eventually become even stronger with some of their competitors out of the picture. And the...