7 Simple Steps to the Best Checking Account
Life is a lot easier if you have a checking account. You can store your money, you get a debit card that is linked to your checking account, to be able to go online and make purchases, and you can even pay someone with a check if you don't have cash on you.
Millennials: All About (Your) Credit
I'm betting that you know what credit is: an arrangement for you to pay for something at a later date. "Okay, gimme the car today, and I'll pay you later."
You've also heard of credit scores, right? But do you know how important that credit score is to the rest of your life?
Gotcha! Invisible Advertising Targets You (Some More)
Remember our earlier articles about "Invisible" or Native Advertising? You know, the move by advertisers to trick us into thinking one-sided advertising is actually balanced information? Or thinking that "sponsored" content, such as an "educational" article or entertaining video, is not advertising.
Internet of Things: All of Your Devices Are at Risk of Scammers, Malware, ID Theft, Etc.
You already know that your home is becoming one big connected digital environment, right?
For example, you can now set room temperatures at home from work, so it is nice and toasty—or cool—when you get home. Nice!
FoolProof's Top 238 Money Mistakes to Avoid in College
If we wanted to, we could probably come up with hundreds of ways college students throw away money. I know. I made a lot of mistakes when I was younger!
Students are heading back to college now so let's focus on some of the main reasons why college can be a financially tough time for a lot of them.
A Zero Percent Credit Card Trick!
Let's talk about credit cards. More specifically, let's talk about credit cards that offer you a 0% interest rate! These days, many retailers (including large shops and companies) offer store-brand credit cards with a 0% interest rate. Their advertisements entice you to purchase expensive items and charge them to your 0% Annual Percentage Rate (APR) credit card.
Payroll (Debit) Cards: Getting Your Paycheck Deposited on a (Debit) Card
Have you ever heard of payroll cards? Payroll cards are a lot like debit cards—you can use them to pay for items in shops or online, or to withdraw money from your account.
The Selfie Saga: Selfie ID
With people taking selfies, people posting selfies, and selfie sticks, selfies are undoubtedly everywhere you look. Selfies are so present in our lives that in 2014 the word "selfie" was integrated in the Oxford (Online) Dictionary. We would go so far to say that every smartphone user has probably taken a selfie at some point. They are here to stay, whether we like it or not.
Budget Trouble: Broke Right After Payday?
You know that feeling you get when you get paid? You feel happy and rich and the sky is the limit! It's a great feeling, but it doesn't last long, does it?
You pay your bills — Rent, phone, utilities, insurance, payment on your credit card, and the money you owe your buddy from dinner last month, and before you know it, you're broke on day one and you still have the rest of the month ahead of you.
Native Advertising: A Radical Shift in Advertising That Targets You
"Native Advertising"—disguising a one-sided sales pitch to look like valuable information—has been around for decades. Though advertisers may deny it, the hidden purpose of native advertising has always been pretty clear to FoolProof and many other consumer advocates: to trick you into accepting potentially faulty information as truthful information.
Are You Ready for Native Advertising?
When conducting web searches, do you know how to tell the difference between search results that give you really helpful information and advertisements that may give you nothing useful at all (or try to sell you things)?
If you do, you're doing a lot better than most kids aged 12-15.
FoolProof Top 10 Scams: Beware of the Red-Lipped Batfish Trick!
You're pretty "foolproof," right? You don't fall for those obvious scams that make you look and feel like a fool, do you? When you look at FoolProof's "Top 10" list of scams, some of them seem too irrational for anyone to fall for, but they do. These scams are on our list because young people often fall victim to them, no matter how silly or irrational they seem.
Are You Kidding? You're Not Thinking About Retirement Yet?
"Retirement" is about having the freedom to control your own life when you get older. It's a time in your life when you shouldn't have to depend on a job to live your life.
Young People and Taxes!
Regardless of what job or career you may have during your life and what country you may live in—the U.S. or abroad—you're going to be paying taxes. In most situations, you may already be paying taxes.
Choosing a Major? Questions to Consider
Throughout life we face choices. But generally, the stakes are higher for the choices you make during and after college. After choosing what college to attend or planning how you'll pay for it, selecting your college major may be the biggest decision you must make.
Apple Pay/Android Pay: Mobile Payments on the Rise
First there was Google Wallet. Then came Apple Pay. Now Google is changing its Wallet to become Android Pay. Using some form of mobile payments is becoming more and more popular. And if you're not already, before you know it you will be using your phone to pay for stuff. With the iPhone and Android phones controlling over 90% of the market, experts anticipate it won't be long before most people will be using a mobile payment service.
Did you know that helping other people is actually good for you? Charitable people are usually happier than uncharitable people, and that's a scientific fact.* Helping others is linked to...
Being Young; Being Bankrupt!
Are you ever in trouble with money? Ever have the feeling you can't get out of it? Well, you're not alone. Young people born between 1980 and 2000 (Millennials) are more likely to experience financial problems more often than any other age group.
Peer Pressure? Choose Yourself!
We often associate peer pressure with grade school and being a teenager. However, as we get older peer pressure doesn't go away. It evolves, often becoming more subtle and costly.
What Is Renters Insurance and Should I Get It?
Life is filled with risks. You might fall off your skateboard and break an arm. Or, maybe you crash your car into a wall and it is no longer drivable. The idea of insurance (and/or insurance policies) is to lower, or take away, the risk of financial loss.
Spotting Money-Flipping Scams on Social Networks!
As if the lack of privacy on social networks isn't bad enough, there is something else that may be worse. You could lose a lot of money if you are caught in a "money-flipping" scam. How, you ask? And what is a money-flipping scam?
The bling... The universally approved signal that he "liked it " so he "put a ring on it".
The most frequently asked question after announcing my engagement was, "Let me see the ring".
What's the Gimmick at Rent-to-Own Stores?
Have you ever seen a Rent-to-Own ad or commercial? If you haven't, here's an example: "No Credit Check! Rent-to-Own a 50-inch TV for $10 a Week!" How can you go wrong with that? Just make low monthly rental payments and you can end up owning that mega screen TV, right? Most of these stores even let you bring the item back at any time if you decide you don't want it.
Protect Yourself From These Scams
Remember scam emails? They would offer you a big commission if you let a total stranger in a foreign country deposit ten million dollars in your bank account for a few weeks! Or, they told you that you won the lottery and they'd like to deposit a big check into your account, and all you have to do is wire back the taxes!
From Guacamole to Gas: Really Useful Websites
I often browse financial and consumer-related websites and have found that by clicking through these websites (and the additional info links that they offer), one comes across a lot of useful and/or fun websites. (A lot of silly/useless/ridiculous ones, too, but let's not waste time on those!)
Time Travel: How About Retiring?
Wait a minute... You're young! Why should you think about retirement already? Well, wouldn't you—at some point—like to be finished with work or school and do what you want, when you want, and have the money to do it?!
How to Keep That Vacation Feeling Forever!
Yes! Finally! After months of deadlines and a long list of tasks, stress and maybe even some sleepless nights, your vacation finally starts and you're FREE! You have activated your automatic Out Of Office reply and, during your vacation, you are going to do absolutely nothing work- or school-related, and focus on renewing yourself with loads of positive energy.
How to Train Your Brain and Get Things Done
Let's start with a little bit of fantasy: imagine that your brain is a big company. We'll call it the McBrain Company. McBrain workers come in all types and do their individual best to fulfil their different tasks. As the proud president of this tremendous company, you are responsible for everything concerning your employees, especially their well-being. It's a huge responsibility, but you do it every day!
I Know How to Make a Decision! Or Do I?
Imagine this: Within the next six months, you will have to choose which college you'll attend and what exactly you want to study. Yikes!
As a kid, you dreamed about becoming a veterinarian or about gallivanting around the globe. But that was then.
The Feel Good Factor of Saving Money!
You've heard all the doom and gloom reasons for saving money, such as: You should save for rainy days. You should save for emergencies. If you don't save, you're going to be in bigger trouble than I can cover in this article.
But, what about the fun part of saving?
Hungry at College?
You may not think this problem is happening at your college, but it is. Even at big-name schools, more and more students are going to bed hungry.
After struggling to pay rising tuition costs and living expenses, sometimes there's little money left for food. Some of these students are sleeping in their cars and plenty of them are dropping out of school. Very few of them qualify for food stamps.
How Your Credit Can Cost You $100K...
Mack talked fondly about his work as an emergency room doctor. He lived in a beautiful house just two blocks from the ocean. He appeared to be successful in life at an early age.
How to Build Strong Passwords
I'm Niels, FoolProof's VP of Techie Stuff. We've told you in other reports about creating passwords, but as the geek in FoolProof, I wanted to give you a smart way to build a really good password.
How to Prevent Thousand-Dollar Money Mistakes
We've been looking at the ways young people waste the most money without knowing it&mash;at least a thousand dollars&mash;and guess what? There are tons of ways, which is pretty scary! Here's a look at the most common disaster spots for your wallet.
The Secrets of Renting Your First Pad
Make a couple of simple mistakes when you rent or lease your first apartment, and you'll wreck more than your peace of mind. For starters, you possibly could be stuck with a lot of unnecessary bills and you could mess up your credit, too.
Social Media Can Impact Your Credit Score!
Credit rules your life, just like social media does (for most people these days). Now, you should know that your social media life could be ruling (and perhaps ruining) your credit. Be careful, and avoid becoming the focus of the latest "peer pressure" mentality* in lending!
Ready for College?
Good... But Is Your Spending Budget Ready?
Know a big reason students drop out of college? Money issues. That's why thinking about a college budget right now, before you hit the campus, is a very smart thing to do.
New Student Loan Regulations
If you have a student loan, you probably have already heard that the rate on some student loans has doubled overnight, from 3.4 percent to 6.8 percent. Why? Congress couldn't agree on passing a bill to keep the rates at 3.4 percent.
Things You're Better Off Buying Second Hand
Buying used is the smartest, easiest way to stretch your money while adding to your collection of necessities and goodies. Give it a try!
You know about websites such as Craigslist, eBay or Swap.com, but think outside that proverbial box. What about buying from friends?
The Crowdfunding Phenomena
What is crowdfunding? And what does it have to do with you? Perhaps nothing, or perhaps just not yet, but we think it's important enough for you to know about.
According to Oxford Dictionaries, crowdfunding is:
Have You Taken The Gullibility Test?
"Easily duped or cheated" is one dictionary's definition of "gullible." I bet that is one phrase you don't want to be associated with, right?
Guess what? Data defining you as gullible may already be attached to you like glue. If it is, your gullibility definitely determines ...
Safely Navigating Credit Card Land
Do you like your money?
If you do, "where" you get your credit card is one of the most important money decisions you will make in your life. Here's a little navigation help.
The Big Burden: Student Loans
College should be the experience of a lifetime! Not to mention, the concept that a college education can increase your income potential for life. Excellent. But, if you have to borrow money to pay for college; you may be setting yourself up for decades of debt.
These tips will help you cut down your future college debt.
Under 30? Ever Feel Stressed Over Money?
Can you relate to any of these realities?
You're short on cash... constantly. You frequently borrow money from people. You're worried about your future in the current economy. You owe too much on your credit card. You're thinking about moving back in with your parents.
Your Credit Sore... Errr, Score!!
Your credit score rules your life in many ways. It can impact your job and possibly even your chance of being promoted. It determines what you pay in interest on virtually every purchase you finance. It may even determine what you pay for deposits (apartment, escrow, etc.) and insurance.
There are millions of scams out there. They arrive by many avenues...the web, mail, phone, text messages and even in person. They rip you off, steal your money, hurt your credit and cause major irritation. And they are aimed at all of us...any age.