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Good Advice

February 16th, 2015 Posted in Business, Savings Tips

Good Credit Card tips and important numbers should you lose a credit card, have one stolen or have your wallet stolen

ATTORNEY’s ADVICE – NO CHARGE   (Number 7 is the best)

Not A Joke!!   Even If you dislike attorneys…You will love them for these tips.  

Read this and make a copy for your files in case you need to refer to it someday. Maybe we should all take some of his advice! A corporate attorney sent the following out to the employees in his company:  

  1. Do not sign  the back of your credit cards. Instead, put ‘PHOTO ID REQUIRED.’  
  1. When you are writing checks to pay on your credit card accounts,  DO  NOT put the complete  account number on the ‘For’ line. Instead, just put the  last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it.  
  1. Put your work phone # on your checks instead of your home phone. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never  have your  SS# printed on your checks. (DUH!) You can add it if it is necessary. But if you have It printed, anyone can get it.  

 

  1. Place the contents of your wallet on a photocopy machine . Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel. Keep the photocopy in a safe place.  

I also carry a photocopy of my passport when I travel either here or abroad. We’ve all heard horror stories about fraud that’s committed on us in stealing a Name, address, Social Security number, credit cards. In case your luggage is lost, take another list in your carry on bag, especially if you are abroad and need immediate access to those numbers.

 

Unfortunately, I, an attorney, have first hand knowledge because my wallet was stolen last month. Within a week, the thieves ordered an expensive monthly cell phone package, applied for a VISA credit card, had a credit line approved to buy a Gateway computer, received a PIN number from DMV to change my driving record information online, and more.  

But here’s some critical information to limit the damage  in case this happens to you or someone you know:  

 

  1. We have been told we should  cancel our  credit cards immediately. But the key is having the toll free numbers and your card numbers handy so you know whom to call.. Keep those where you can find them.  

 

  1. File a  police report immediately in the jurisdiction where your credit cards, etc.., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).  

 

But here’s what is perhaps   most important of all : (I never even thought to do this.)  

  1. Call  the  3 national credit reporting organizations  immediately to place a fraud alert on your name and also call the Social Security fraud line number. I had never heard of doing that until advised by a bank that called to tell me an application for credit was made over the Internet in my name.  

 

The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit.  

 

By the time I was advised to do this, almost two weeks after the theft, all the damage had been done. There are records of all the credit checks initiated by the thieves’ purchases, none of which I knew about before placing the alert. Since then, no additional damage has been done, and the thieves threw my wallet away this weekend (someone turned it in). It seems to have stopped them dead in their tracks..  

 

Now, here are the numbers you always need to contact about your wallet, if it has been stolen:  

 

1.) Equifax:   1-800-525-6285    1-800-525-6285   

 

2.) Experian (formerly TRW):   1-888-397-3742    1-888-397-3742   

 

3.) Trans Union :  1-800-680 7289  1-800-680 7289  

 

4.) Social Security Administration (fraud line):  

  1-800-269-0271    1-800-269-0271   

 

We pass along jokes on the Internet; we pass along just about everything.  

 

If you are willing to pass this information along, it could really help someone that you care about.

 

Central Florida Business Women

February 9th, 2015 Posted in Business, Local Events

Women-networking_Photobucket_free-useIf you are a female entrepreneur and in the Central Florida area, consider joining us for a networking meeting.  We share tips and insights on how to successfully market your products and you can network with a great group of ladies while doing it.  Bring your business cards and product materials to share.  This week we are meeting at Woody’s on Enterprise Rd in Orange City at 6:30 pm

Ask about fees!

February 9th, 2015 Posted in Business, Finance Tips, Money Saving Tips

business-time-11291126308C1YWhen opening an account at a financial institution we should always ask about fees. Don’t be like me and forget about fees to close an account when you no longer need it. Check fees to open and close plus any fees you may incur on a monthly or annual basis. This from Jim Pearce “How we respond to the fear of the unknown is more important than attempting to know it.”

Something New

January 20th, 2015 Posted in Business, Finance Tips, Money Saving Tips, Savings Tips

changeSince this is the beginning of a new year why not try something new. Automate your saving and investing, this way you will not miss what you never had. Have a given amount transferred on a specific day of the month from your checking to savings, or an investment account. Perhaps change a deposit from checking to savings. If you still work and draw Social Security have the Social Security check deposited to a savings account, if you desperately need the money you can always with draw just what is needed.

Time to think

January 7th, 2015 Posted in Business, Finance Tips, Savings Tips

business-time-11291126308C1YDo you know where the majority of your money went last year? If not, maybe a ‘where did it go sheet’ would help. Using either a computer or paper, create a sheet with columns and very broad categories. Then whenever you spend, money write it down on the sheet. Then at the end of the year (or month even) you will have a general idea where your money went. For detailed instructions on how I do it email me at chel106638@yahoo.com

Do your homework & save $$$

December 30th, 2014 Posted in Money Saving Tips

Well it is the end of the year and time to check your financial house. Don’t be like the person at my gym that hasn’t been there in two(2) years and still has not cancelled their membership ($240 dollars wasted). Check your debit card, credit card and checking account statement to make sure you are not paying for a service or membership you no longer need or use. It is your money and your life don’t waste either one. There are no reruns or returns

Happy Holidays!!

December 30th, 2014 Posted in Business, Savings Tips

Time to get financially ready for the new year. From a fortune cookie “the architect of your destiny is your self” so create a plan that works for you. Start by knowing where your money goes!! Use paper and pen or something on your computer what ever works for you. You can always change your tracking system what is really important is just do it. Most people don’t plan to fail they fail to plan.

Save Automatically

December 9th, 2014 Posted in Money Saving Tips

presentNeed help saving why not try automatic saving. Pick a date during the month and have a set amount of money transferred from your checking to a savings account or any account where it can sit and accumulate. I do this with online banking I picked a date and an amount to transfer. All I have to do is make sure I make the appropriate entry into my check book register, it is just like paying a bill. You might want to check with your discount broker about sending it to an account where you can make purchases without incurring a fee.

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