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You see the ads for this kind thing on the cable channels in the wee small hours of the morning. Buy gold or silver as a hedge against bad economic times. But many of the companies touting gold or silver are really only making one entity rich: themselves.

Here’s what you need to watch out for:

  1. The Bait Frequently, these companies use deceptive marketing to make you think you’re getting gold or silver at only a slight mark-up over the current market value.
  2. The Switch Once you are actually speaking with a salesperson, they will try and switch to investing in “collectible coins.” You’re told that these are appreciating much faster than gold or silver.
  3. The Catch Often you will be sold coins at a markup so high, you will never recover what you’ve paid.

One of the oldest adages in investing is true here – invest in what you know. If you don’t know about collectible coins, don’t invest. Or seek out a local expert in your area and consult with them face-to-face.

Here's a money-saving tip for your furry frends.

Vetrinairans mark up the drugs they sell by as much as 100%. Experts recommend that you first try to locate these same pet prescriptions through other sources - online or through human drug stores like CVS or Walgreen's.

You can also visit humansociety.org. Type "afford" into the serach functionthere and discover more tips that can save you money on all kinds of pet supplies.

According to FBI consultant Frank Abagnale, in the near future we may not need to remember all those #$%*! Passwords for various internet websites. Abagnale says there is already technology that can identify your specific computer and authenticate it without the need for passwords.

 

 

It varies for each person and their financial situation.

But here are some general guidelines:

  • You can start collecting at age 62
  • Your benefits go up an average of 76% if you wait until age 70
  • After age 66, there is no penalty on additional income you may be earning

Because credit cards give you more protection should your card number be stolen.

Most credit card companies have a limit on how much your account may be charged in the event of false charges. In fact, many companies won’t hold you responsible for any charges should your account number get hacked. That’s not true with your debit card. Thieves could also use that to hack into your bank account online and make off with whatever you many have in your savings or money market accounts if those are linked to your checking account.

To be on the safe side, always pay with a credit card, then reimburse that card as soon as possible.

If you get a call out of the blue from someone offering you a free DNA test to see if you’re at risk for cancer, hang up!

Authorities are saying this is one of the newest scams. The object is to get your Medicare number, so the fraudsters can use that to bilk Uncle Sam for phony medical procedures, prescriptions and equipment. The calls usually start with someone asking if there’s been a history of any cancer in your family. As most families have been touched in some way by this disease, the chances of you saying yes are high.

Remember, any testing should always be done at your doctor’s directive – not somebody you don’t know over the phone!

As we’ve all spent more time indoors these past few weeks, we are also probably doing a bit more cleaning inside our homes. Here’s a pro tip for getting better results while doing less!

1.) Don’t Overbuy – That means you don’t need different solutions for every cleaning task. Experts agree that simply buying one or two of the all-purpose cleaners like Ajax, Formula 409 or Mr. Clean and using them in multiple situations is cheaper and makes more sense.

2.) Let the Cleaner Do the Work – Isn’t of apply the solution and immediately starting to scrub, give the cleaner 30 seconds to a minute to do the hard work for you. (You know, like letting the dishes soak overnight.) You should find that way cleans better and you use much less!

 

With all the concern about human virus infection happening not, don’t forget about your computer. If you’ve been staying home, chances are, you’ve spent more time on the Internet and that means more time your computer could be exposed to malware!

1.) Make sure you use only legitimate software: If that bundle of software looks ridiculously cheap, it may be bootleg software that will leave you open to attack. That’s because legitimate software companies routinely update their software to guard against rapidly evolving viruses and malware. If you remember to update your software regularly (better still, if you set your software to update automatically), you’ll be better protected.

Here’s a fast, easy tip for making more money the next time you decide to hold a garage or yard sale – get paid by phone!

You know those credit card readers you find at restaurants and retail outlets? You can get one that attaches to your phone and allows you to accept plastic!

Find out how simple it is to get one for FREE at squareup.com!

In a census year like 2020, con artists pull out a scam they can only run once every 10 years – the Census Scam.

If you receive a phone call or email from someone claiming to be a census worked asking for you to provide your social security number as part of the 2020 Census, beware!

Census workers will not ask for social security numbers, nor would they ever threaten you with jail if you refuse to provide it. Ditto with attempts to “raise money” during the census.

When choosing a credit card, here are some things to consider:

If you use your card for everyday purchases like gas & groceries: Use one of those cashback/rewards cards.

If you have big credit card balances: Take advantage of those 0% introductory card offers or balance transfer. A word of caution, make sure you can pay off the balance of your transfer before the introductory period ends because that balance will be accruing deferred interest you’ll have to pay off in full if you don’t clear the balance in the required time period. Also, destroy or lock up the cards you are transferring the balances from – no sense running them up again while you’re still trying to pay down your previous balance.

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