We all know we should save more money. Whether we need to pay down debt, build an emergency fund or save for retirement, we need to cut spending and increase our savings. It is the only way to build financial security.
Yet before considering what to cut back, try these handy tips to save money without noticing the difference.
Obviously, banks and credit unions offer a lot of overlapping services. Both banks and credit unions take in deposits, administer savings and individual retirement accounts, and provide home loans in addition to consumer loans.
Unethically creative identity thieves have a new trick up their sleeves: sending text messages to your cell phone as if they were a financial institution and asking you to ‘confirm’ your account number, PIN, or other pieces of information.
A recent study done by The Javelin Group had some disturbing findings: The incidence of identity theft was up 13 percent, compared to the previous year. The total amount stolen was about the same, but the thieves successfully scammed more people.
The collapse of the housing market has brought about a new scam as thousands of foreclosure houses now lay unoccupied. A criminal will find a likely house and call a locksmith, stating that they have locked themselves out. Once they are in the house, they change the locks so they have control of the house. The next step is to put up a “For Lease” sign outside, which rarely attracts suspicion from the neighbors in the current housing meltdown.