Spotting Money-Flipping Scams on Social Networks!

As if the lack of privacy on social networks isn't bad enough, there is something else that may be worse. You could lose a lot of money if you are caught in a "money-flipping" scam.

How, you ask? And what is a money-flipping scam?

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The Ring

The bling... The universally approved signal that he "liked it " so he "put a ring on it".

The most frequently asked question after announcing my engagement was, "Let me see the ring".

Wait, that's not even a question, it's a request, and a rather rude one at that. It's almost like the person is saying, "C'mon, let me see how much your significant other thinks you are worth." Because that is what the ring has become, right? Perhaps even more symbolic than the union itself, expensive rings and elaborate weddings have become the norms and accepted indicators of love.

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Should Gas Prices Influence Your Next Vehicle Purchase?

Over the last few months, falling gas prices have made drivers a little giddy. Just the other day, a friend who drives a compact noted cheerfully that she had filled the tank for just a little over $20, something that hadn’t happened in years. Since gas prices peaked in mid-2014, sales have increased about 8% for large pickups and SUVs while they’ve decreased about 1.5% for small cars (Edmunds.com). Lower gas prices are probably just one contributing factor to this trend, but as an easy-to-see and ongoing cost of driving a car, lower gas prices may tempt you to put that 20 mpg SUV or 18 mpg pickup at the top of your choices as you shop for a new vehicle. Before you sign for that bigger set of wheels, however, think about—and compare—several other costs of owning a car. You could save hundreds at the pump in the short term and spend thousands more long-term.

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Three 2015 Resolutions To Enhance Your Financial Well-Being

Have you made any resolutions for 2015? Typical January goals include ways to enhance your physical well-being, such as losing weight, getting in shape, or eating a more healthful diet. I’d like to recommend setting three goals for the new year that can enhance your financial well-being.

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What Will You Do With The Old Devices You Replace?

Whenever you get a new electronic device such as a TV, smartphone, game console, computer, or tablet, what do you do with the old one? Throwing it away usually isn't a good option and in some places is illegal. Electronic equipment contains toxic materials such as cadmium, lead, arsenic and needs to be disposed of carefully. Consider the following options instead.

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Tips to Protect Your Personal and Financial Privacy

Your personal information, financial information, privacy, and online security is under attack on a daily basis by scams (emails, letters, phone calls), data breaches, social media scams, online & offline tracking, and many other threats. This means that you have to be vigilant and take ongoing steps to protect yourself and your information. The resources below will help you.

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What's the Gimmick at "Rent-to-Own" Stores?

Have you ever seen a Rent-to-Own ad or commercial? If you haven't, here's an example: "No Credit Check! Rent-to-Own a 50-inch TV for $10 a Week!"

How can you go wrong with that? Just make low monthly rental payments and you can end up owning that mega screen TV, right? Most of these stores even let you bring the item back at any time if you decide you don't want it.

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About to Tap Your 401K for a Loan? Six Reasons to Think Again

Today over 25% of people who have a 401K retirement savings plan have borrowed from these funds. In fact, 401K loans have surged by 37% in just 8 years and in 2011 represented nearly 60 billion dollars in premature withdrawals, according to IRS figures. This practice has personal finance experts and retirement specialists worried. Why? you may wonder. With a 401K loan aren’t you borrowing from yourself and paying yourself back with interest? That’s true, of course, but taking a 401K loan could cost you thousands in retirement savings. This reports shows you six reasons why taking a 401K loan should be a last resort.

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Amid the Holiday Rush, Don't Forget These Year-End Financial Tips

It's the end of the year and while many thoughts turn to holiday celebrations and shopping, don't forget that you should perform an end-of-the-year review of your finances. Here are some tips that can save you some money.

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A Simple Tip to Protect Yourself from Scam Emails, Letters and Phone Calls

Remember scam emails? They would offer you a big commission if you let a total stranger in a foreign country deposit ten million dollars in your bank account for a few weeks! Or, they told you that you won the lottery and they'd like to deposit a big check into your account, and all you have to do is wire back the taxes!

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Shopping on Black Friday or Monday?

Read this before you go!

Are you planning on hitting the stores on Black Friday and the online stores on Black Monday? Or will you do your holiday shopping later? No matter when you shop, make sure you do your homework in order to get the best deals. Here are some tips to help.

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Digital Wallets: Apple Pay Joins the Crowded Field

Digital wallets have recently been in the news with the launch of Apple Pay. Digital wallets in one form or another have been around for several years. Apple Pay joins other wallets such as Google Wallet, Softcard, LoopPay, and PayPal. Digital wallets allow you to make mobile and online payments. Most wallets allow you to store credit and debit card information. Some wallets store loyalty/rewards cards, membership cards, insurance cards, coupons, receipts, tickets, and even your ID. Others allow you to make other types of payments and pay bills.

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From Guacamole to Gas: Really Useful Websites

useful_websitesI often browse financial and consumer-related websites and have found that by clicking through these websites (and the additional info links that they offer), one comes across a lot of useful and/or fun websites. (A lot of silly/useless/ridiculous ones, too, but let's not waste time on those!)

Whether you're out of money, out of time, or out of gas, these websites can help you and even protect your privacy.

One big warning: remember that all advertising—on these sites or on others—only gives you the good side of the story and most ads attempt to get you to make impulse purchases. So, forget the ads on these sites and dig into the hard info.

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It's Time to Review Your Health Insurance Coverage

Whether you have health insurance through your employer, through a health exchange, or through Medicare, you have an opportunity to review and make changes to your health care coverage during November and December. No matter how you receive your health insurance, you should take this opportunity to review your current coverage and determine if it still meets your needs for the coming year.

Start by determining what your out-of-pocket costs were for this year. Then project what your expect your expenses to be next year. Will they be similar or have there been changes in your family’s health that could increase or decrease expenses? Do you want to keep your doctors or are you willing to change? Do you have other criteria that a plan must meet? Use this information to determine if your current plan meets your needs or if another plan would be better.

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    • Financial Well-being


      Want to improve your credit score? Want to cut your tax bills?  Like to tear up hundred dollar bills? (You're probably doing that). How about this:  want to wake up retired and without money?  Your Financial Well-being rules your life.  We put you in charge of the rules.

       

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      Every worry about identity theft?  Worry about young people and the dangers of the web? Mind if I read your private emails?  Or browse through your medical records? This section takes you into the scary world of privacy, fraud and identity theft.  FoolProof gives you the information you need when it comes to identity theft and privacy issues.   

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