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“Tis the season…

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Credit/Debit Card Fraud! Oh No! 

Greetings follow bloggers and visitors!

‘Tis the season for scammers and all that’s worrisome during the shopping season! But don’t fret, here are 4 ways to protect your account(s):

  1. We all know too well that no matter how safe you are with your credit card and debit card accounts, fraud can still happen. So, sign up for alerts through text and/or email about a purchase so you can take action immediately, if you notice something suspicious.
  2.  While we’re bustling around from store to store- get receipts for every purchase and use this once you are settled at home to confirm any amount that appears on your account activity. You might be surprised to know that many customers can’t remember if they shopped at a particular store within a certain time-frame and receipts can help filter out fraudulent/unrecognized charges.
  3. Monitor your accounts regularly. With today’s technology, it’s really easy to check on your accounts. Even if you are averse to change (yes, there are some people who prefer to stick to outdated paradigms, like telephone banking i.e.- using the banks automated phone system to listen to their transactions), one must review transaction history in case a merchant inadvertently charged twice for the same item. It happens, and due diligence on our part will help discover discrepancies early to fix it while it’s still pending. Once it posts to your account, it will take longer to get your money back. In most instances, you can call the merchant and the error can be fixed immediately, other times it can take a few days to fall off the account. 
  4. If you see inaccuracies, contact your bank as soon as possible, and cancel or close the credit/debit card and have a new one issued, if warranted.  Keep your cool and stay alert during this shopping season.

I hope this information is helpful. Stay safe, alert, and cheerful. Like, share, comment. 

Peace, love, and prosperity,

ET- your financial literacy advocate

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When we fail to “QUESTION”

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When we see things happening in society and fail to QUESTION it, we are actually, failing to grow. If we are not part of the solution, we are part of the problem. Why is most of society in poverty? Why are there so many homeless people on the streets in every city you visit? Why are there so many children in foster care? Why do we have so many in private prisons? Why isn’t financial education courses taught in schools? Why are history books so outdated? Makes you think, right?! I hope so. Ask the questions, think of solutions, we can make a difference. Song by Billy Holiday “God Bless the child”.

Them that’s got shall get Them that’s not shall lose So the Bible said and it still is news Mama may have, Papa may have But God bless the child that’s got his own That’s got his own
Yes, the strong gets more While the weak ones fade Empty pockets don’t ever make the grade Mama may have, Papa may have But God bless the child that’s got his own That’s got his own
Money, you’ve got lots of friends Crowding round the door When you’re gone and spending ends They don’t come no more Rich relations give Crust of bread and such You can help yourself But don’t take too much Mama may have, Papa may have But God bless the child that’s got his own That’s got his own

Make That Change

  • Take a look in the mirror
  • Be the change you want to see in the world
  • When you think about quitting, think about why you started
  • Read a self-development book, gain more knowledge
  • Each one teach one
  • Surround yourself with positive, supportive and successful people

Keep on improving and learning people. Ask the hard questions and then do something about it.

I hope you enjoyed reading my thoughts on life. Like, share and/or comment. Strong families, create strong communities, and nations! Feel me?

Thanks for reading, until next time…

Peace, Love, and Prosperity,

ET – Your Financial Literacy Advocate

Baby Steps for UAWs

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Hello fellow readers and bloggers! I’ve been reading your thoughts and I’m always impressed. Keep up the good work!

So let’s catch up on this journey of mine called life. These days I’m excited about my early retirement, yes leaving corporate America while I can still enjoy camping and hiking like a teenager. Plan “A” has worked out good (the earlier one starts the better outcome, unless we have another Wall Street melt-down), and now on to Plan “B”, which is reinventing “ME”! Yay 🙌

My reading challenge has expanded exponentially through Audible (yes, click the hyperlink and help me earn some credits/mullahs$$$ 😎)!

In an earlier post, I mentioned a reading challenge I signed up for and used the audible app to listen while commuting to and from work, during my lunch break and while exercising. Getting that free credit point once a month helped me stack up on some good books and pick up a new term like ‘underachievers of wealth’ (UAWs) from the book “Millionaire Mind Set’. Yep, always learning and growing.

I’ve worked in the financial field for over 18 years and it still amazes me how little information our youth and some adults know about banking and what affects their credit scores, especially with so much technology and information within reach of our fingertips. I’ll leave this topic for another blog post in the near future. But before I continue on with the task at hand, let me point my knowledge seekers to a post I wrote some time back about the subject on my blog:

Banking: Credit vs. Debit (update)

TIP- Did you know that an overdrawn checking account does not get reported to the credit bureaus?  The only time a bank will report to the credit bureau is if you have a charged off account.  A charged off account is one that has been overdrawn so long that the bank will send it to collections (debt collectors) and let the credit bureaus know so that this negative information can be added to your report and bring down your FICO score.  I suppose if I didn’t have a job with the Bank, I might be a bit confused too. Our mother practically raised us in the library and had us participate in other development programs that trained our impressionable minds to see beyond our horizons.  if only I had the foresight then, but I digress.

Play Your Cards Right

So, back to UAWs. According to some wealthy folks, those who started young or inherited money an underachiever of wealth has less than 100k in liquid assets and less than 1M  in brokerage/investment accounts. Well darn it, that would be the majority of working class citizens!

Listen, I know your time is valuable, so I won’t hold you much longer. Just understand how imperative it is to have those conversations with your kids and family members about goals and how to come together and make some real moves that your future selves will thank you for – now. Don’t wait til tomorrow, it’s not promised.

Until, next time…

Peace, love, and prosperity,

ET- your Financial Literacy Advocate