Financial Fundamentals Blog

Tips to Prevent Elder Financial Abuse

Knowing the signs of elder financial abuse can help protect yourself or your loved ones. Seniors are increasingly becoming targets for financial abuse. People over the age of 50 control over 70 percent of the nation’s wealth, and fraudsters are using new tactics to take advantage of the growing number of older Americans. Senior abuse is estimated to have cost victims at least $2.9 billion in the last year alone.
 

5 Steps to Spring Clean your Finances

Tidying up your Credit and Financial Information can lead to a Smooth Summer

Spring is here! Nothing feels more satisfying after a long winter than a little spring cleaning. But your home isn’t the only thing that needs freshened up. Be sure to add your credit and financial information to your tidying list. Here are few tips from Experian, a consumer credit reporting company, to make sure you’re making a clean sweep of your financial information.
 

Fraud Watch: Holiday Scams to Avoid

The National Retail Foundation (NRF) estimates that America’s retail sales are set to hit between $717 billion and $720 billion this Holiday season. It’s prime shopping season not just for those who want to make the season joyous for their friends and family, but also for those fraudsters looking to take advantage of the giving spirit. Here’s what to keep your eye on as the Holidays approach.
 

Protect yourself from financial aid scams

With the recent release of the 2019-2020 Free Application for Federal Student Aid (FAFSA), millions of students and their parents are starting the search for next year’s college financial aid, making them susceptible to scammers. Navigating the world of college financial aid is not an easy task. Making it even more difficult are those out there willing to take advantage of you.
 
 

Protect yourself against identity theft

In September of 2017, it was reported that Equifax, one of the nation’s three largest credit bureaus, had experienced a severe security breach. The personal data of nearly 150 million Americans was made vulnerable, exposed to hackers and scammers to use as they please.

While the initial sting of the breach has passed, its danger has not. We must all continue to protect our valuable personal information. Here’s how you can secure your personal data.