Financial planners say you should check these things to ensure you are in control of your money:
Do You Have a Will? No one likes to think about it. But the experts say this is where you should start. Using a lawyer will cost you (probably a couple of thousand dollars). If you go the Do-It-Yourself route, you’ll save money, but pay attention to your state’s rules before you sign or your will might be invalid.
Can You List All Your Financial Accounts? More importantly, can your spouse and/or heirs list all your financial accounts. Take time to prepare a list as well as contact information for all your accounts and make sure someone else you trust knows where that list is located.
Should You Pay Off Your Mortgage? Surprisingly, financial planners say that sometimes the answer is “no.” You may still get a tax benefit from mortgage interest and you’ll free up more cash to invest elsewhere or just to enjoy life. Before answering this question, consult your financial professional.
How Much Credit Card Interest Do You Pay Every Month? The average credit card charges 16%. So getting you answer to $0 or as close to it as possible is the right way to go.
Today’s cyber-scammers are using your own good traits against you!
The latest email threats will involve using your good habits to get you to lower your guard and click on links that can hack your computer or smartphone and/or deliver malware!
- Hard Worker Email scammers now launch most of their phishy emails early in the day when you are likely to be hard at work and distracted as you try to keep your inbox updated. Experts say, slow down and don’t fall for subject lines like: “Final Reminder,” “Immediate Action Required” or “Open Immediately.”
- Inquisitive Your quest for more knowledge or self-Improvement can be used against you. Beware of emails promising you free iPhones, trips, etc. for “taking a short survey.”
- Good-Natured Perhaps the most insidious of all scams, these thieves monitor your social media accounts and then send you emails specifically targeted to subject in which you have shown an interest. Be careful what personal information you share via social media and don’t accept invitations from strangers to become online friends.