Global Finance School Blog

What Happens with My Loan After I’m Gone?
In recent years, we have seen typical loan repayment periods extended as the economy struggles and the average debt load increases.  There is no real indication that these trends will be ending any time soon, and one big questions consumers have started to ask is:  What happens with my loans after I’m gone?  Consumers with...
Taking a Loan vs. Cashing in Savings
If you are looking to expand your home or small business, finance your college education, or simply need extra cash, you might be thinking about whether it is best to take out a loan or simply cash-in your savings.  There are benefits and drawbacks to both approaches, and there is nothing that says you can’t do a little of both.  But it...
How Much Money Should I Borrow? A Practical Guide
Whether you are looking to borrow money to buy a house, start a business, or go to college, the first question you should be asking yourself is:  How much money should I borrow?  It might seem like a good idea to borrow more than you will need, as this could help you to prevent for unforeseen costs that might come up later.  But...
Bank Loans vs. Alternative Loans
Since the beginning of the ‘Great Recession’ banks have tightened lending policies and made it more difficult for individuals and small businesses to obtain favorable terms for their loans.  This is mostly a protective measure on their part, which is not surprising given the fact that most of the financial turmoil of the last decade has come...
5 Tips to Help You Pay Back Loans Faster
Let’s face it:  it’s never fun to have outstanding debts.  Debt clearly creates one of the biggest causes of stress in life and it always makes sense to repay that debt as quickly as possible.  There are practical reasons for this, as well.  Faster repayment means lower interest costs over the long term.  In some cases,...
Is It Easy to Qualify for Personal Loans?
In the wake of the soaring rate of interests on credit cards along with the corresponding rise in the number of financial emergencies, people are now mulling alternative to credit cards in the form of personal loans. Now, experts opine that personal loans are a good option when you have good credit scores. Bad credit scores imply that you have not...
Essential Money-Saving Tips - Part I
A Dollar Saved is Two Dollars EarnedCutting your expenses is a big deal because most of your personal saving is done using after-tax dollars instead of before-tax dollars. For many American households, to increase their wealth through higher investment returns or more income by $1 could require as much as $2 of pre-tax income. If this is achieved...
Should you save for your children's higher education? Not necessarily.
The Trend for More and More EducationEducation has gone a long way toward being a more intensive and more time-consuming part of a young person's life. Today's job market is unrelenting in its requirements. The highly competitive nature of the current workforce means that anyone who does not have ideal credentials could be left behind. While there...
13 Terms You Can't Understand a Balance Sheet Without
The balance sheet is broken up into three sections: assets, liabilities and owner's equity. These terms have different meanings in accounting than they do in everyday use. Let us first go through some of the terms that we will be frequently using throughout the course of this book, starting with "assets."Assets are the economic resources that a...
How to Calculate Loan Payments
Loan ScheduleA loan schedule is a table that describes how we should repay (clear) the loan we have received. The table lists the number of payments we must make, the dates of those payments, and the amount to be paid on each date. In addition, the table also states how much of each payment is for repayment of the principal, and how much is for...