Online Shopping Safety
We are constantly bombarded with information about identity theft and ways to keep our personal information secure, but some are incredibly complicated. Some easy solutions to protect your personal information are to buy a shredder, sign up for eStatements, and monitor your accounts regularly. Updating your anti–virus software and verifying you’re using the newest version of your internet browser will help keep your information safe online. With all the security breaches in the media, it might make you feel like it’s time to give up the Internet altogether. As that’s not very realistic, instead of swearing off the World Wide Web, you just need to know how to protect your information when shopping online. Here are some quick safety tips for shopping online.
Holiday Shopping on a Budget
With the holidays right around the corner and Black Friday looming, it’s a great time to plan how to keep your holiday spending in check. Heading out shopping and simply picking up items without considering some sort of budget, you’ve set yourself up for trouble. If you're equipped with a plan, it will be simple to stay within your budget. Often, the best gifts aren’t the most expensive ones. When giving to a loved one, think of something sentimental to your relationship. The old adage does apply here; it’s the thought that counts! People enjoy receiving something that comes from the heart. After all, it’s the reason for the season!
Here are some tips for shopping wisely this holiday season.
Thanksgiving Safety Tips
Cooking fires are the number one cause of home fires and related injuries, so it never hurts to take a few extra precautions when your family and your home are involved. Here’s a link from the National Fire Protection Association that gives you some simple things you can do to keep your holiday safe: http://www.nfpa.org/safety-information/for-consumers/holidays/thanksgiving-safety
Keeping Costs Down This Thanksgiving
If you’ve drawn the short straw and are preparing a Thanksgiving meal for your extended family, there are some things you can do to keep the costs from spiraling out of control, including simple things such as planning out the meal and buying items you need now rather than waiting for the week of Thanksgiving. You can also switch up your normal traditions and have a potluck or go volunteer at a community meal instead of staying home. The link below has additional tips that may come in handy: http://www.moneycrashers.com/save-money-thanksgiving-day-dinner-menu/
Cloud Storage: the Future is Here
Recent news of celebrities’ private photos being stolen has exposed (no pun intended) some of the pitfalls in how smartphones and "The Cloud" often work together.
So what is "The Cloud," anyway? Well, despite its mysterious name, the cloud is nothing more than a data storage solution in which your information is stored offsite rather than on your device. The benefits are, your data doesn’t take up room on your device and, should your device fail or be stolen, your data isn’t lost along with it. However, it does mean that your private, personal information is entrusted to a third party, who has the responsibility of keeping it both available and secure.
The celebrity photo breach in question was a simple matter of the attackers either guessing, brute–forcing or getting the targets to give away the passwords on their Apple iCloud accounts. Because their iPhones were backing up to the iCloud service, this meant that all of the victims’ data, including pictures, was accessible.
Smartphones backing up to online cloud storage is not just an Apple feature. Android phones can do this as well – either to Google or to a carrier’s own cloud storage service. Often in the excitement of getting a new phone, we simply rush through the initial setup and accept when it offers to backup your data for you... after all, why would having backups be bad, right?
At the end of the day, cloud storage is here to stay. So here are some tips on protecting your privacy:
- Pay attention to prompts when setting up your phone. If it is going to backup, where is your data going and how is it protected and accessed? If all that is needed is your email address and a password to retrieve your data from anywhere in the world, you should think twice.
- If you do use a cloud storage service, use the strongest authentication process possible – not just a username and password. Choose a strong password (at least 15 characters) and utilize any additional options, such as one–time-password (OTP) features, like a texted pin code). It may be a pain to log into but keep in mind the value of the data you are storing.
- When setting up the security questions on your account, remember that a lot of these answers can be guessed or found out with some digging. If the security questions have answers that others could find out, consider using bogus answers only you would know.
- Remember that your phone collects and stores an enormous amount of information about you, your habits and your life. Both advertisers and attackers know this. Pay attention to what apps you install and what permissions they ask for and why.
Lastly, just a word of advice. Taking private pictures of yourself using a phone where most apps – even games like Angry Birds – state they can have direct access to your media files may not be the best idea.
The Joys (and Financial Benefits) of Organizing Your Home
You’re cooking dinner for guests tonight. Your recipe requires you to peel carrots. You’re pretty sure you have a peeler... you just can’t remember where you put it. So you run out and buy another one. This happens to people all the time. And it’s not just vegetable peelers. It can be food items, tools, computer and audio cables... just about anything. Not only does this ad–hoc approach to acquiring things clutter up your home, it’s also expensive!
So whether you’ve just moved or you’ve been in your house for years, now is the time to organize your belongings to make finding a battery when the flashlight’s dead or a fingernail clipper when there’s a hangnail much easier.
And what do you do with all the extra stuff you find along the way? Sell it at a garage sale or donate it to Goodwill or the Salvation Army and take the tax deduction!
Here’s what to do.
Tackle One Room at a Time. Don’t take on every cupboard and box at once. If you still have boxes from a recent (or not–so–recent) move, place them in rooms according to which room they came from in your old house. And to fit it into your busy schedule, make a plan to tackle one room per weekend.
Whatever you do, don’t take the "out of sight, out of mind" approach and clog your garage and attic with unmarked boxes. You’ll regret it in five years when you have to move again. Either unpack and distribute the contents in appropriate rooms or donate the goods to charity. Save your storage space for seasonal décor and family mementos in labeled boxes.
Think Visibility, Accessibility, Flexibility – they’re the three tenets of organization. You’re more likely to use what you can see and easily access. Be open to reconfiguring and reorganizing storage spaces based on your family’s evolving needs.
Invest in a Few Smart Storage Solutions, such as:
- Closet Organizers: Install a modular system that can be reconfigured as needs change.
- Shelves: Go vertical and take advantage of more space. Place what you use often at arm’s reach and the other stuff on higher shelves.
- Folders: Use color–coded folders in your home office when filing bills, important documents and projects.
- Bins: Transparent storage bins mean you don’t have to open them to know what’s inside. Label other bins you can’t see through.
Space-Saving Organization Tips by Room:
- Kitchen: Stack teacup and saucer sets on top of one another. Place olive oil, vinegar, salt and pepper on top of a cake stand to free up counter space. An overhead pot rack means more cupboard space. A magnetic strip for knife storage puts cutlery at arm’s reach for easy cooking.
- Pantry:Store grains and cereals in see–through modular stacking containers. If you don’t have ample shelves, invest in a simple shelving system that will allow space for bulky or awkwardly sized objects. Over–the–door pocket organizers allow for even more storage.
- Bathroom: Your medicine cabinet should contain only the items you use regularly; chuck outdated medicine and store bulk supplies elsewhere. Use a basket or plastic bin to keep all hair products in one manageable place. Install hooks, rings or bars if you lack appropriate towel storage. A caddy will help de–clutter the shower and make cleaning easier.
Here are a couple other sites with organizational tips that might come in handy.http://www.hgtv.com/organizing/quick-tips-for-getting-rooms-organized/index.html http://www.realsimple.com/home-organizing/organizing/smart-home-organizing-ideas
Keeping College Kids Safe & Secure Online
When they’re not in class, college students spend most of their free time online–whether engaging in social media, researching papers or playing games. So college is a time when online security and safety are of paramount importance. Dangers range from annoyances such as viruses to serious identity and data theft scams that can quickly upend a college student’s semester.
For the latest tips and tricks on maintaining a safe online environment when your child is away at college, check out this informative piece from StopThinkConnect.org.
Get the Apps You Need for College!
From banking to studying to finding where you parked your car at the homecoming game, we’ve got the apps you need to keep your life in order while you’re on and off campus this fall.
Summer Road Safety
As the summer starts to wind down, farming activity revs up. Wheat harvest begins the first wave of farm machinery and equipment to hit the pavement–and it only gets busier from there on. Here are a few tips to help keep everyone safe while traveling on the roads.
Farmers and Drivers:
- Farm machinery can unexpectedly turn onto a public road from a field or driveway. It is important for everyone’s safety to have patience and share the road.
- Farm machinery travels slower than normal traffic, often at speeds of 25 miles per hour or less. Automobile drivers must quickly identify farm equipment and slow down immediately to avoid rear–end crashes.
- Slow moving farm machinery traveling at less than 25 miles per hour are required to display a slow moving vehicle emblem on the back of the equipment. This is a quickly identifiable sign to other motorists. All lighting should be working properly and be highly visible.
- Slow moving vehicles are required to pull off to the right when three or more vehicles are blocked and cannot pass on the left.
- Machinery that is half on the road and half on the shoulder may suddenly move completely onto the road. Machinery may take up more than one lane to avoid obstacles such as road signs.
Before passing farm machinery:
- Check to be sure that machinery is not turning left. Look for left turn lights or hand signals. If the machinery slows and pulls toward the right side of the road, the operator is likely preparing to make a wide left turn. Likewise, sometimes to make a right turn with wide equipment, the driver must fade to the left.
- Determine if the road is wide enough for you and the machinery to safely share.
- Look for roadside obstacles such as mailboxes, bridges, or road signs that may cause the machinery to move to the center of the road.
- Be sure there is adequate distance for you to safely pass.
Remember, the best practice is to slow down, pay attention, and stay off of your cell phone while driving. Please be patient and courteous to each other when sharing the roadway.
You can refresh your safe driving practices by reviewing Nebraskaâ€™s Driver’s Manual – http://www.dmv.ne.gov/examining/audio.html.
10 Tips for Fighting Fraud
The best way to fight consumer fraud is to prevent it, and the best weapon to protect yourself against fraud is information. If you can identify a scam, recognize when a deal is "too good to be true," and know when to say "no," scam artists won’t stand a chance.
And remember: if it sounds too good to be true, it probably is.
Here are 10 tools you can use to fight fraud.
- Ignore all mail, phone and e–mail solicitations for foreign lottery promotions and investment opportunities. Consult with someone you know and trust to collaborate on your philanthropic and investment decisions.
- Always be cautious about submitting advance fees for any business or sweepstakes offer–no matter where the offer originates.
- Don’t trust e–mails or text messages that appear to be from your financial institution or a government agency that request your bank account or Social Security number. Legitimate institutions will never e–mail or text you to request details about your account or financial status.
- Shred financial documents and paperwork with personal information before you discard them.
- Don’t give out personal information on the phone, through the mail or over the Internet to persons or businesses that are unknown to you.
- Never click on links sent in unsolicited e–mails. Use firewalls, anti–spyware, and anti–virus software to protect your computer.
- Inspect your credit report. Visit www.AnnualCreditReport.com to order your FREE annual credit report.
- Review your financial statements and credit card statements regularly. Look for charges you did not make and report them to your bank or Credit Card Company immediately.
- Watch out for home repair scams and travel club fraud. Seek competitive bids and pricing, and be wary of any offer that seems too good to be true.
- Don’t be afraid to ask a banker, trusted advisor, family member or friend if you have any doubts about an offer or business. Regardless of your age, sex, education level, financial status or location, you are a potential victim.
If you think you are a victim of fraud, don’t hesitate to call your financial institution or contact the Nebraska Attorney General’s Consumer Protection Hotline at 800-727-6432 or visit their website at www.ago.ne.gov.
Vacation Travel Tips
Summer is a great time to travel. The kids are out of school for the summer, and you naturally want to take advantage of the nice weather and longer days. Vacation is a time for relaxation and having fun--but packing all the essentials is only half the battle. Preparing your home for your trip is necessary as well.
Depending on how long you are going to be gone, have your mail stopped temporarily or have a trusted neighbor or friend stop by regularly to collect your mail. He or she can also stop by and check on your house at the same time.
Setting up an electrical timer to turn on lights or TVs, mimicking your regular schedule, is also a good way to ward off potential intruders by fooling them into thinking someone is at home. If you are leaving for an extended period of time, consider having your utilities turned off to avoid possible flooding, fire or gas leaks.
Inform a family member or friend of your itinerary in case you need to contact someone or be contacted during an emergency. In addition, avoid announcing your travel plans on social media. Alerting people of your absence is an invitation for trouble.
Create a list of all the items you will need to make packing easy. It is a great way to ensure you don't forget anything. Go through your wallet or purse and make sure you are taking only items you'll need. Losing your wallet is stressful enough when only one or two credit cards are missing rather than all your cards.
Carry money and identification in your front pockets or close to your body to avoid appearing as an easy target for thieves. When flying to your destination, carry on anything you may need such as medication and an extra change of clothes in case your luggage is delayed. It's a good idea to carry on anything of real value, in case your luggage is lost permanently or stolen.
Research your destination thoroughly. Know where you are going, and have a plan on how you are getting there, so that if you get separated from the group you aren't lost in an unfamiliar place. Having a basic idea of the layout of the area will come in handy and make navigating less stressful.
Make a plan of your activities. Whether you're spending the day at the beach and need plenty of sunscreen or hiking through nature and need appropriate footwear and clothing, you'll be sure to have the right equipment if you plan ahead.
For additional vacation tips check out this useful link
Tips for Saving Money in College
College is expensive, and every penny you can save counts. Everything from textbooks and supplies to transportation, food and entertainment will cost you money. Scholarships and financial aid help lessen the burden, but there are a variety of other ways to help you keep money in your pocket.
First and foremost, apply for scholarships; after all, it's free money. Check with your high school guidance counselor if you're beginning your first year of college or the financial aid office of the college you are attending. Filling out the applications may take some time and seem like a pain but at the end of the semester when you aren't living on ramen noodles, you'll be glad you put forth the effort.
Make a budget. Know where your money is going. Keep your receipts, whether you pay cash or credit. Track your expenditures for a month so that you are aware of how you are spending your money. It's easy to cut back on unnecessary spending when you know what your habits are. It will also help you save money for those big-ticket items that you really want.
Always buy used textbooks. Once you have your class schedule, find what textbooks you need. You can save a lot of money buying used, and you can also shop online to see if you can find it cheaper than in the bookstore. Asking friends if they have taken a course in the past and still have the textbook is an option too. If you have to buy new, check and see if the previous version had any major changes. If not the previous used version could save you a bundle and you can manage if there were just a few small changes. Sell your textbooks once you're done with the class. The bookstore will usually buy them back--or try selling them online or to your friends. You probably won't need that World Religions 101 textbook ever again.
Lastly, find a part-time job. Joining the real world may not sound like fun now, but having extra income will give you some additional freedom financially. Look for jobs on campus. It will save you money not having to drive to a job, and usually they are pretty easy and may allow you time to study and get some of your homework out of the way.
For additional tips on saving money in college, check out this helpful link
Need a quick, secure way to pay someone without writing them a check or giving them cash? Popmoney is your solution. This personal payment service is offered as part of First Nebraska Bank’s Online Banking Click–N–Pay bill payment product.
Popmoney is a pay service that eliminates the hassles of checks and cash. With Popmoney, sending and receiving money is as easy as emailing or texting. You don’t need to know anyone’s personal banking information–just their contact information.
Here are a few ways Popmoney can be helpful:
- Sending money to your child at college
- Sending a gift to family and friends
- Reimbursing friends for that fun outing
- Paying your babysitter or your lawn care service
- Paying rent to your landlord or roommates
Using Popmoney is as simple as paying a bill online. First, enter the person’s name and email address or cell phone number, as well as the amount you would like to send them. Then, select the day you would like the payment to be sent. You are able to include a personal message so the recipient knows who is sending them money and for what reason. There is a flat $0.50 fee for sending payments, regardless of amount. If the recipient does not accept your payment within 10 days, the money is put back in your account. As soon as the recipient receives their notification and follows the instructions to verify their information, the funds are deposited to their account as early as the next business day.
Receiving payments is easy too! The recipient will receive a message letting them know they were sent money via the information entered to send the payment, i.e. text or email. Since First Nebraska Bank offers Popmoney through our FNB Click–N–Pay, all you would have to do is simply log in to your online banking, go to Popmoney and accept your pending payment. No additional passwords or accounts need to be set up and your financial information remains secure. If the recipient doesn’t bank with First Nebraska, they may need to check with their financial institution to see if Popmoney is offered or they can easily set up an account at Popmoney.com or download the app to accept their payments. If you want to know more about Popmoney and how it can benefit you, stop by your nearest location and ask us how!
Prepare Your Home for Summer
We’ve been counting down the days until summer arrives... but now that the snow is gone, have you taken the time to make sure your home is ready for summer?
Here are some great tips to help prepare your home so you can enjoy the warm weather:
- Take advantage of every opportunity to open your windows and let in the fresh air. Be sure to clean, repair or replace any window or door screens, so you don’t miss out.
- Another way to improve the air quality in your home is to add air–cleaning plants like spider plants or English ivy.
- Install a ceiling fan wherever possible to help even out the room temperature. Fans will help circulate the air conditioning and help save on energy costs.
- Organizing your garage will make going to the park or spending a day at the beach easier and more enjoyable because you’ll know where everything is located. There are plenty of storage solutions to aid in this process at most home improvement, hardware and retail stores.
- Inspect your grilling equipment to make sure everything is in order. Grilling with family and friends is a favorite summer activity for most. Don’t wait for that first barbeque to find out your propane tank is empty!
- Add outdoor lighting to your patio or deck to create an outdoor space that you can enjoy long after the sun goes down. Look for energy efficient fixtures such as solar and low voltage lights. For added ambience, try adding lanterns, a wood–burning stove, fireplace or fire pit.
For additional ideas to prepare your home for summer, check out this helpful article
You’ve probably heard a lot about the "Heartbleed" vulnerability that is affecting the security of many servers and online sites. We’re happy to report that our website, online banking and all other web services, are completely unaffected by "Heartbleed."
This security vulnerability is tied to specific code in software called
OpenSSL. The compromised code was never in use on any First Nebraska Bank
or vendor server used by First Nebraska Bank.
While the "Heartbleed" vulnerability is a serious issue, it can be patched securely. If you are concerned with any of your personal services or online accounts, check with your software vendors, online providers and hosts to ensure they have mitigated any risk.
If you have online accounts with websites such as Amazon, Facebook and
Google, you may need to change your password to be safe. You can find a
list of sites affected by Heartbleed
You can also check to see if a site has fixed its vulnerability here
Let’s face it; a dream wedding can quickly become a nightmare as costs spiral out of control. Last year, the average wedding cost $30,000. You’ve got to hire a photographer, a baker, a florist, a band, a caterer, a bartender... And then there’s the gown and the venue. The list goes on and on.
So what can you do to keep costs down while still giving yourself or your little girl a dream wedding? Plenty, as it turns out. In fact, like many things in life, preparing a well thought–out budget beforehand (and sticking to it) can be the key to keeping the whole event manageable.
For other ways to have a dream wedding on a budget, check out this helpful article at TheKnot.com!
Preparing for Spring Weather
Here in the Midwest, spring brings the possibility of dangerous weather. Now is a good time to visit your Emergency Response Plan.
Your plan should include:
- A clear strategy for dealing with potentially dangerous weather–including what your family needs to do when severe weather is possible, and what to do when it is imminent.
- Whom is responsible for monitoring weather conditions.
- Where shelter is to be taken, and where family members should meet after a damaging storm.
- Regular emergency preparedness training. Practice helps ensure that your family knows where to go and what to do in an emergency situation.
- If you have an emergency power supply, such as a generator, test it to make sure it is functioning correctly.
- Get a weather radio to alert of approaching storms.
- An emergency kit should be kept in your emergency shelter area that contains flashlights (and extra batteries), blankets, a first–aid kit, AM-FM Radio, snacks and water (bottled water should be used, if possible. Water that hasn’t been commercially bottled needs to be replaced every six months).
www.ready.gov is a great resource for guidance on developing an Emergency Response Plan for your home.
Buying a New Home
Buying a home is one of life’s biggest investments and commitments. Owning a home is rewarding–but taking on the responsibility can be overwhelming. Don’t worry; we’re here to help!
Saving Tax-Free with an IRA
There are many ways to save for the future. You can contribute to your
company’s 401(k) plan. You can put extra money into a savings account.
You can even stuff extra cash into a coffee can. But one of the simplest
and safest ways to save for retirement is by contributing to an Individual
Retirement Account or IRA.
With an IRA, you pay no taxes on the amount you contribute in a particular year. And you pay no taxes on the interest the IRA accrues that year (so long as it stays in the IRA). In fact, the only time you pay taxes on your IRA is when you finally withdraw your money from it after you hit retirement age. And since many people believe that they will be in a lower tax bracket when they retire, this can mean that you pay less tax than if you had paid it as you contributed.
If you think you might benefit from an IRA, speak to a First Nebraska Bank financial planner for more information. Learn more here
Tax Advice Disclaimer
The information on this website should not be used in any actual transaction
without the advice and guidance of a professional Tax Adviser who is familiar
with all the relevant facts.
Although the information contained here is presented in good faith and believed to be correct, it is General in nature and is not intended as tax advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters.
First Nebraska Bank assumes no obligation to inform any person of any changes in the tax law or other factors that could affect the information contained herein.
IRS Circular 230 Disclosure
Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.
Avoiding Tax Season Scams
The Internal Revenue Service has issued several recent consumer warnings
on the fraudulent use of the IRS name or logo by scammers trying to gain
access to consumers’ financial information in order to steal their
identity and assets. When identity theft takes place over the Internet with
the perpetrator masquerading as a legitimate entity, it is called phishing.
Phishing (as in "fishing for information" and "hooking" victims) is a scam in which Internet fraudsters send e–mail messages designed to trick unsuspecting victims into revealing personal and financial information. This information can then be used to steal the victims’ identity. Once the scammer has done this, he or she is free to apply for credit cards and loans in the victims’ names, ruining their credit along the way.
Phishing scams succeed because they look like legitimate e–mails to the untrained eye.
Current tax-related phishing scams include phony e–mails that claim to come from the IRS, enticing victims by telling them that they are due a tax refund.
So, this time of year, be extra–vigilant– and be extra-aware of any suspicious emails that claim to be from the IRS or any other tax governing entity promising you a refund.
Sticking to Your Financial Diet
Just as it is when it comes getting your body in shape, there are a variety
of tips and tricks you can use to help keep your finances healthier in 2014.
Whether it’s incorporating new web and app–based technologies or tracking your daily spending... or simply just being better organized across the board, with a few simple steps (and the breaking of some bad habits), you can really improve your financial outlook–maybe even dramatically.
Check out this article for some great ideas on how to shape up your finances!
In the News
Would-be cyber-criminals often use real–world events to perpetrate their attacks. Public interests can help them determine what people are more likely to click on, making their attacks more successful. Here are a few ways current events can be used against you:
• Phishing Emails: can contain content that takes advantage
of what people are currently talking about. Whether it’s pop culture
or politics, email content that people find interesting is more likely to
succeed when used for phishing purposes. Phishing scams can also be timed
to coincide with specific events. For example, right now there are phishing
emails circulating regarding Benefits and Open Enrollment.
•Googling: Attackers can use Google or other search engine results to their advantage. Whenever there is a major news story, hackers attempt to poison the search results to make their malicious page show up near the top of the list. So whenever there is big news going on, be careful of simply Googling the term and clicking the top links without checking where they go.
• Phone Scams: Believe it or not, these still exist–mainly because they are effective. Phone scams can often make use of things people are talking about–or are confused about–such as the new healthcare law or taxes.
So be smart and be vigilant. And remember, it takes two people to pull off a successful scam: the scammer AND the victim.
10 Tips For Holiday Shopping On a Budget
- Debit Instead of Credit
- Know Your Budget
- Don't Get Department Store Credit Cards
- Make a List
- Stock Up On Stock
- Pick a Card
- Browse the Net
- Free Gift Wrap
- Beware the Gift Receipt
- Debit Instead of Credit: Use debit instead of credit cards. A debit card automatically forces you to spend only what you have, and allows you to avoid paying interest. Leave the credit cards at home. Let's say that you go ahead and charge the $817 (that is the amount which the average American is planning on spending this holiday), and pay the minimum payment of $10 a month with an average annual percentage rate of 18 percent. It would take you 133 months to be rid of your debt. In that time, you will pay $840.83 in interest.
- Know Your Budget:Know your budget, and make it non-negotiable: $10 means $10, not $12. Be sure to keep a running log of what you spend.
- Don't Get Department Store Credit Cards:When
you open up a new credit card, many retailers offer you a 10 or 15 percent
savings on your first purchase. But that savings will quickly vanish
if you don't pay off your credit card balance in full. Some retailers,
like Marshall Fields, for instance, will hit their customers with annual
percentage rates upward of 20 percent.
Do the Math: If you pay $100 for a blouse and take the 10 percent discount, you would pay $90. However, if you were unable to pay the balance by the due date, you would pay $18.90 in interest, assuming a 21 percent APR, which would completely wipe out your $10 savings. You are now paying $108.90 for the blouse that was originally priced at $100!
- Make a List:Make a detailed list of who you want to buy for, how much you want to spend, and which gifts you expect to buy. This keeps you focused.
- Pre-Shop:Do some research before you hit the stores. Call around and go online to find better deals. You should also try to consolidate to a few stores to cut down on transportation costs.
- Stock Up On Stock:Instead of
gifts, buy stock directly from a company, which allows you to avoid
the fees and hassles of a broker or online service. For children, it
could be the start of a wonderful tradition that instills a legacy of
saving. Plus, it is a great, educational stocking stuffer, if your child
knows the company.
For example, you can buy stock directly from Mattel, Inc (which was selling at $20.28 earlier this week) for your nephew instead of the hot toy that he's sure to forget. Or buy your father-in-law a share of stock directly from Home Depot (selling at $25.45 a share earlier this week) instead of a new power drill. Consider it a present for the future.
- Pick a Card:Instead of giving an old-fashioned paper gift certificate, try a prepaid gift card, which works like a debit card. The money is loaded onto the card so that the person can get exactly what they want, but there a few things to watch out for. Sometimes the card company will charge the purchaser a fee. For instance, for a $25 gift card, some companies add an extra fee on top. If it's $5.95 for a $25 card, that means you have paid an interest rate of 23.8 percent.
- Browse the Net:Instead of browsing the racks, try going online to shop. Many retailers offer discounts that are only available online, and they sweeten deal by offering free shipping and no-hassle returns.
- Free Gift Wrap:: If the store you are shopping in has a free gift-wrapping service, take advantage of it. You can save so much money by not buying fancy gift-wrap that you can put your savings toward other gifts.
- Beware the Gift Receipt:Many stores offer gift receipts, which do not have a price on them, as a way for the gift recipient to bring the gift back, supposedly without knowing how much you spent. Don't go for it. Be bold and ask for an actual receipt with the real cost of the item on it, to make sure if someone's returning your gift, they get the full value, not just store credit or the price the day of return, which might be reduced. They're going to find out what gift cost anyway, so there's no need to hide behind gift receipt.
Shopping during the holiday season can present unique danger.
Taking a few prevention measures can help keep your holiday season joyous.
The holiday season is a time when busy people can become careless and vulnerable to theft and other holiday crime. The following tips from the police department can help you be more careful, prepared and aware during the holiday season.
- Shop during daylight hours whenever possible. If you must shop at night, go with a friend or family member.
- Dress casually and comfortably.
- Avoid wearing expensive jewelry.
- Do not carry a purse or wallet, if possible.
- Always carry your driver's license or identification along with necessary cash, checks and/or a credit card you expect to use.
- Even though you are rushed and thinking about a thousand things, stay alert to your surroundings.
- Avoid carrying large amounts of cash.
- Pay for purchases with a check or credit card when possible.
- Keep cash in your front pocket.
- Notify the credit card issuer immediately if your credit card is lost, stolen or misused.
- Keep a record of all of your credit card numbers in a safe place at home.
- Be extra careful if you do carry a wallet or purse. They are the prime targets of criminals in crowded shopping areas, transportation terminals, bus stops, on buses and other rapid transit.
- Avoid overloading yourself with packages. It is important to have clear visibility and freedom of motion to avoid mishaps.
- Beware of strangers approaching you for any reason. At this time of year, con-artists may try various methods of distracting you with the intention of taking your money or belongings.
Is Your Money Safe From Cyber Thieves?
From banking to shopping to connecting with others, we live more of our lives online than at any other point in history. With that trend showing no signs of slowing, it's important to know what you can do to protect your money from those who want to steal it. Simple things like not sharing your PINs and passwords with anyone else can help. In honor of National Cyber Security Awareness Month, First Nebraska Bank offers these tips to help you protect yourself from becoming a victim of identity theft:
Don't share your secrets.
Don't provide your Social Security number or account information to anyone who contacts you online or over the phone. Protect your PINs and passwords and do not share them with anyone. Use a combination of letters and numbers for your passwords and change them periodically. Do not reveal sensitive or personal information on social networking sites.
Shred sensitive papers.
Shred receipts, banks statements and unused credit card offers before throwing them away.
Keep an eye out for missing mail.
Fraudsters look for monthly bank or credit card statements or other mail containing your financial information. Consider enrolling in online banking to reduce the likelihood of paper statements being stolen. Also, don't mail bills from your own mailbox with the flag up.
Monitor your credit report.
Order a free copy of your credit report every four months from one of the three credit reporting agencies at annualcreditreport.com.
Protect your computer.
Make sure the virus protection software on your computer is active and up to date. When conducting business online, make sure your browser's padlock or key icon is active. Also look for an "s" after the "http" to be sure the website is secure.
Protect your mobile device.
Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen. Before you donate, sell or trade your mobile device, be sure to wipe it using specialized software or using the manufacturer's recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen.
Report any suspected fraud to your bank immediately.
10 Ways to Protect Your Smartphone From Hackers
Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. First Nebraska Bank recommends following these tips to keep your information - and your money - safe.
- Use the passcode lock on your smartphone and other devices. This will make it more difficult for thieves to access your information if your device is lost or stolen.
- Log out completely when you finish a mobile banking session.
- Protect your phone from viruses and malicious software, or malware, just like you do for your computer by installing mobile security software.
- Use caution when downloading apps. Apps can contain malicious software, worms, and viruses. Beware of apps that ask for unnecessary "permissions."
- Download the updates for your phone and mobile apps regularly.
- Avoid storing sensitive information like passwords or a social security number on your mobile device.
- Tell your financial institution immediately if you change your phone number or lose your mobile device.
- Be aware of shoulder surfers. The most basic form of information theft is observation. Be aware of your surroundings especially when you're punching in sensitive information.
- Wipe your mobile device before you donate, sell or trade it using specialized software or using the manufacturer's recommended technique. Some software allows you to wipe your device remotely if it is lost or stolen.
- Report any suspected fraud to your bank immediately.
Tips for Improving Your Credit Score
The first step to acquiring a mortgage is ensuring that you have a good credit history, which helps secure a lower interest rate and lower monthly payments. During the housing boom, a score of 680 was enough to get a good interest rate, but today many lenders want a 740, or even a 760, to qualify for the best rates. To improve your credit score, the American Bankers Association advises that consumers:
Pay bills on time.
Payment history makes up 35 percent of your credit score, according to www.myfico.com. The longer you pay your bills on time the better your score. Avoid missed payments by putting as many of your bills on automatic pay as possible. Many banks offer automatic debits from accounts and online bill pay.
Don't close old, paid off accounts.
According to FICO, closing accounts can never help your score and can in fact damage it. Only apply for the credit you need. Keep this in mind the next time a retailer offers you 10 percent off if you open an account.
Talk to credit counselors if you're in trouble.
Using legitimate, non-profit credit counseling can help you manage your debt and won't hurt your credit score. But avoid debt settlement; it will hurt your score since you're paying less than you owe. For more information on debt management, contact the National Foundation for Consumer Credit (www.nfcc.org).
Evaluate your credit report annually.
Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for other loans - such as a mortgage. Everyone is entitled to receive a free copy of his or her credit report annually from each credit reporting agency, but you must go through the Federal Trade Commission's website at www.annualcreditreport.com, or call 1-877-322-8228.
Don't skim. Read the fine print.
A loan or credit card application is a contract, so read it thoroughly before signing. Be aware of introductory rates that expire, as well as the length of monthly billing cycles.
Set a budget and stick to it.
Developing a financial plan will help you keep your finances in order. Don't spend more than you can afford, and don't "max out" your cards. Never forget that credit isn't free money.
Don't jump at the first appealing offer. Compare rates and fees offered through mail solicitation, on the Internet, or at your local bank.
Our Best Tips for Online Safety
Computers have become such an important part of our lives - for accessing information, keeping in touch with friends and family, shopping, working, and other activities - that it's easy to overlook the risks of using them. We rely on computers so much that many of us neglect the importance of PC security to keep our passwords, credit card numbers, and other personal information safe from identity thieves. To help keep your computer and information safe, we've compiled a list of seven computer security tips to follow that can reduce your chances of being an identity theft victim by enhancing your PC's security:
Never open unsolicited e-mail.
Always delete unsolicited e-mail, and never, ever, click on a link in an e-mail from someone you don't know. Doing so could infect your computer with a virus.
Use strong passwords that are impossible for a thief to guess.
Use a different password for each login, and make sure that each password is a combination of upper- and lowercase letters, numbers, and symbols. People who use the same passwords for everything make it easy for thieves to steal their identities.
Install antivirus software and keep it updated.
There are many trusted antivirus programs online that people can download free or for a donation. Download at least three, run them at least once a week, and keep them updated. (McAfee®, Norton™ and AVG are just a few examples.)
Protect your computer with a firewall.
A computer firewall creates a virtual wall between your computer and thieves who want to access your personal information. Hardware and software firewalls help keep your computer safe when you're online.
Don't share your personal information online.
Social networks are fun and great for connecting with friends but thieves use them to trick people into providing their personal information. You wouldn't share your private information with a stranger on the street, so don't share it with a stranger online either, no matter how long you've "known" them.
Keep your operating system updated.
When your computer operating system tells you an update is available, install it as soon as possible and get in the habit of keeping it updated at all times.
Be wary of fake antivirus notifications and other scareware.
Antivirus viruses (a.k.a. "scareware") trick users into thinking that they have a computer virus in order to frighten them into providing their credit card information to download an "antivirus program" that will remove it. If you have scareware installed on your machine, disconnect your computer from the Internet, call a computer tech to remove it, and remember to never provide any personal information in the pop-ups that appear on your screen.
Buying into a Budget
The idea of living on a budget can seem tedious, restrictive and daunting. In reality, living by one is incredibly freeing. A simple, effective budget requires only three things: information, income and expenses.
Start with Your Income
What you use to create a budget is less important than the information you include. Use Excel, Word or a pen and paper to write down, in as much detail as possible all sources of income you have coming in to your home each month (salary, tips, child support, investment income, etc.). Subtract what you pay in taxes and underline or bold the final amount.
End with Your Expenses
Write down all your monthly expenses, starting with bills like rent/mortgage, utilities, credit cards, groceries, gas, etc. That amount should equal 40% or less of your pre-tax income. Then, record what you'd like to spend money on (saving, retirement, entertainment, shoes, vacation, etc.). Bold the final number and compare it with your income total. Your expenses should be less than your income. If they're not, cut until they are.
When it comes to shredding, the safest approach is to think of your home or business as a liquidation company - everything must go! Every day hackers and ne'er-do-wells find data in dumpsters that they can use to steal business and personal information. Shredding everything removes that possibility.
Shred Safe, Shred Often
There are a few things you can do in your office or at home to dramatically reduce the amount of information that makes it to the trash:
- Make shred receptacles accessible and convenient.
- Check individual trash cans at the end of each work day and dump all paper and media trash into the shred bin.
- Send tapes, CDs, disks, old credit cards and hard drives to the shred bin too!
Choose a shred company that processes more than just paper and make it easy for your employees or your family to keep your personal, financial information safe through shredding.