Finance Globe

With tax season on its way, now is the time to start thinking about your final return. For many, this leads to one very important question: will you file your own return or hire a CPA? For some, the thought of hiring a CPA is out of the question. They believe this is too expensive. They also have no confidence that the person knows what he or she is doing. Before you jump the gun and...

As a self-employed professional, you are well aware of the pros and cons of working for yourself. Regardless of your industry or how much money you earn, nothing changes the importance of understanding your tax situation. There are many ways to reduce your taxable income, including a variety of deductible expenses. With the year coming to an end, it is time to focus some attention on your tax situation. Once the calendar turns, it won’t be...

Many stores offer their own exclusive credit card. It is likely you have been presented with such an offer at the cash register. As tempting as it may be to sign on the dotted line, don’t do this just yet. Instead, ask for more information so you can review the offer before making a final decision. The primary benefit of a store credit card is the savings you will receive. For example, you may hear the...

When it comes time to purchase life insurance, there are many decisions to make. To start, you must answer this question: will you rely on the services of a broker or contact multiple companies direct? Some people shy away from insurance brokers. They don’t understand how the process works. They don’t believe that the person has their best interests in mind. While there is nothing wrong with being cautious, you should familiarize yourself with the benefits...

Your budget is sure to have both fixed and variable expenses. For example, your mortgage (or rent) and car payment are fixed. They don’t change from month to month. Conversely, there are variable expenses that jump up and down on a monthly basis. Your goal is simple: to shave as much money as possible from these budget categories. By doing so, you will soon find yourself with the ability to save more. Where should you start?...

Are you in the market for life insurance? Have you heard the horror stories regarding the cost? You will never know what a policy will cost until you request and compare a few quotes. Unfortunately, there may be some factors working against you. Here are three primary causes of higher life insurance premiums: 1. You are a smoker. Hands down, this is the number one reason your premium will go through the roof. If you use...

There is no denying the fact that you will be faced with some additional spending during the holiday season. This is particularly true if you have a long list of people to purchase gifts for. Some people use a “cash system” to guide themselves through the holidays. Others, however, rely on a credit card. While there is nothing wrong with this, you can soon find yourself in financial trouble if you go down the wrong path....

If you’re a big picture type of person, certain details of your finances can easily slip through the cracks. While it’s important to watch the bottom line, it’s equally important to pay attention to all the items that contribute to the bottom line, too. Here are some financial details you can’t afford to ignore. How much you spent this month. Continually monitoring your spending is key to ensuring you’re staying within your budget and not spending...

For many people, one checking account and one savings account may sound like plenty of bank accounts, but it may not be enough. Having multiple bank accounts may help you manage your money better. And for the wealthy or high-income earners, multiple bank accounts can offer more protection. Here are a few reasons to have more than one bank account. Different accounts for different purposes. Putting your money in separate accounts can prevent the mistake of spending money...

With October coming to a close, it won’t be long before the calendar is turning. At that point, you will look back at 2015 and ask yourself this one very important question: did you reach your financial goals? While some people have met their goals early, others are left with a couple months to make progress. Where do you fit in? Here are some of the most common financial goals, many of which may be on...