Recent Blog Entries

7 Bad Financial Habits you Need to Break Right Now

Human beings are habit-creating machines, craving any mental or physical shortcut that lets us focus on higher-level thoughts, such as what’s for lunch or developing theories about Netflix dramas.

Bad money habits are more difficult to steer out of than other automated behaviors like driving a car. Why? Financial peace of mind is a much more subtle reward than the satisfaction of navigating a half-ton piece of metal through city streets without death or injury.

Read More

Financial Self Defense

Charging Your Phone In Public? Watch That Port!

Smartphones have become a ubiquitous part of our lives. Even if it's just there in case of emergencies, having a charged cellphone can provide a serious sense of security. That's why, when the battery meter starts to tick down, a cold sense of panic rises in your stomach.

Read More

How Debit Card Fraud Happens and How to Avoid It

For many people, debit cards are the perfect plastic. They offer most of the conveniences of credit cards with no risk of accumulating debt.

But like credit cards, debit cards are vulnerable to rip-off artists. And debit card fraud is particularly scary because thieves can withdraw money directly from your checking account.

Here's how debit fraud happens and how to protect yourself.

HOW IDENTITY THIEVES OPERATE

Read More

Whose Fault is Fraud? The Complicated Reality of Debit Card Transactions

When you use your debit card, you can see interaction among three parties:

1.) You tell a merchant you’d like to buy something.
2.) That merchant tells your credit union to pay money from your account.
3.) Your credit union asks you to authorize the transaction.

If something goes wrong in that process, you assume it’s the fault of one of these three parties. In the modern financial world, though, nothing is simple.

Here’s a look at three other places a financial transaction could go south and how to protect yourself.

Read More