Category: Managing Your Money



COVID-19 is Causing a Coin Shortage

The COVID-19 Global pandemic caused an initial panic leaving store shelves empty of face masks and toilet paper. Hand sanitizer, cleaning supplies, paper towels and meat followed quickly in what was fast becoming routine for life during COVID-19. And now, the latest commodity to run in short supply is coins.

Got change? Many financial institutions, retailers and private citizens don’t.

Although we are increasingly becoming a cashless society, coins play an integral role in day-to-day commerce, and a dearth in their supply can severely impact small businesses that  are already struggling to survive. There’s more than just pocket change at stake here, and if things don’t improve soon, the effect on the economy can be critical and long-lasting.

Here’s what you need to know about the most recent shortage caused by COVID-19.

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Watch Out for These Scams as the Country Moves Toward Reopening

As the coronavirus continues spreading across the country in waves and peaks, every state is making bold moves toward reopening under a strange new set of circumstances dubbed the “New Normal.” Face coverings are de rigueur. Floor markings have been slapped down exactly 6 feet apart near checkout counters in retail stores. Shoppers are weary, cautious and careful. And, as the country moves forward and adapts to the new realities, scammers aren’t far behind.

Watch out for these trending scams as the country reopens…

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Top 5 Ways Fraudsters Try to Steal Your Information with Phishing

Cybercriminals are counting on us to be distracted and let our guard down. If we do, they can trick us into handing over our personal or financial information using one of their favorite tactics – phishing.

You might be familiar with email phishing but it’s not the only type of phishing you could experience. Criminals will also use phone calls, text messages, websites and social media to deploy a phishing scam.

Here are some common forms of phishing that you might encounter and the warning signs to watch out for…

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Car Dealer Offering Zero Percent Financing

Should I Take the Zero-Percent Financing Offered by an Auto Dealer?

Q: I’m in the market for a new set of wheels, and I’ve seen some dealers advertising zero-percent financing. Should I take this offer?

A: An auto loan without any interest sounds like a dream; however, there are many considerations before deciding to take out a zero-percent financing loan. Let’s take a closer look at zero-percent financing so you can make an informed, responsible decision about your auto loan.

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Don't Toss Your Junk Mail It May Be Your Stimulus Payment

Don’t Toss That Junk Mail – It Might be Your Stimulus Payment

Four million Americans are receiving their Economic Impact Payment in the form of a prepaid debit card – and many are mistaking it for junk mail.

Last week, the U.S. Treasury Department and the Internal Revenue Service (IRS) began sending out Economic Impact Payments (EIP) as prepaid debit cards. The cards arrive in plain white envelopes that are strikingly similar to junk mail from credit card companies and scam mail. There’s no way to know that the card is from the federal government unless the recipient knows to expect it.

Reports are already pouring in from all over the country of people mistakenly tossing their EIP cards along with their junk mail. By the time they realize they’ve thrown out their long-awaited stimulus payment, it’s too late.

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