Finance Globe

You have probably seen in the news lately, the discussions of proposed tariffs with many countries including China and Europe. While I will not discuss the political aspects of tariffs, I wanted to share a summary of what exactly a tariff is and how they could impact your wallet. A tariff is bascially a tax that the government places on imported goods. The tariff proceeds go to the government and a tariff is used to protect...

Many people, like myself, did not think saving early in my life was important. I figured I would be able to save later in life when my salary increased and would not worry about it. I never realized how wrong I was, and I quickly realized it is critical to start savings as early on as you can. While everyone may not be able to save in your early twenties, I would highly recommend to try...

Building a savings habit is one of the best things you can do for your financial health. Don’t put off saving money because you think you don’t have enough. The key is to look for a savings account with no minimum balance requirement. This way you can open your savings account, even if you’re not ready to put anything in it yet, and deposit money as you can afford to. Look for an Online Bank Online...

As you plan for your road trip, it goes without saying you’ll be searching for ways to save money. Can you pack food so you don’t have to spend excessively at stops along the way? Can you drive straight through to your destination, all so you don’t have to spend money at a hotel? Depending on the length of your trip, there’s a good chance you’ll spend a lot of money on gas. While there is...

Your retirement fund is a place that you can invest money you earn today so you’ll have a nest egg to support yourself when you finally stop working for good. Retirement may be decades away for you and in the meantime, you may be tempted to pull money from your retirement fund for some of your other financial goals. People commonly dip into their retirement to cover a down payment on a first home, for home...

Owning a dog can bring great joy to your life. It can also bring many expenses, all of which you should prepare for before bringing a pet into your home. When you plan in advance for the costs of dog ownership it’s much easier to stay within budget, year in and year out. Here are some of the most common annual expenses associated with owning a dog: •    Food. Unless you feed your dog scraps from...

It’s not the most pleasant thing you’ll do in regards to your finances, but there will be times when you have no choice but to review your estate plan. Upon doing so, you’ll soon learn one of two things: •    You can leave your estate plan the way it is for the time being•    You need to alter your estate plan as to better suit your current situation and the future You don’t have to go...

Do you often worry about paying your credit card after the due date? Are you concerned about the impact it will have on your finances, including a late fee and red mark on your credit report? Since these are legitimate concerns, it’s time to strongly consider the many strategies you can employ to avoid late payments. Here are three to consider: 1. Conduct Regular Account Reviews As the month wears on, you should regularly review your...

Although we’re just now moving into the dead of summer, it won’t be long before it’s back to school time. Since this has a way of creeping up on even the most organized parents, there’s nothing wrong with getting a jumpstart on back to school shopping. Starting early helps eliminate some of the stress that is often associated with this time of the year. Furthermore, with the right approach, it also allows you to save money....

One thing is for sure - monthly bills will always be part of life. That doesn’t mean your bills have to be a headache. There are ways to manage your bills so that your finances flow smoothly and your bills don’t give you nightmares. Check your bills regularly. Avoid letting your bills pile up because the higher the stack of bills gets, the more you’ll procrastinate on opening them. Even if you’re not planning to pay...