I recently watched a news show about avoiding scams and keeping your finances secure. It made me think about some general hints involving finances which would be worth reviewing.
- I have an acquaintance that was recently told by their company that they might not get their paycheck on time due to a glitch in the payroll system. It turned out that they made extraordinary efforts to ensure everyone was paid on time, but some of their co-workers apparently had concerns about going an extra day or two without their normal pay. Most of us have heard about saving enough money to go without a paycheck for 3 months, but how many people have actually done so? The key is to start now. Saving what you can, even a small amount every month, will eventually get you to your goal, but you have to start
- Have you thought about downloading an app on your smartphone? If so, have you thought about whether or not the app you download is legitimate and not a fraudulent app that could steal your information? Check to see if the app is from a reputable source.
- Look for discounts when you shop, whether for food or other items. Is the item you need going to go on sale soon? If not, it may be better to delay your purchase until it does.
- Look at the overall cost of an item and not just the initial monthly payment. Are there any hidden costs? Any bubble payments at the end of a contract?
- If something is too good to be true, you know the rest.
- Get it in writing.
- Balance your checkbook and avoid returned check fees.
- Review your retirement plans annually.
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