How To Protect To Yourself From A Scam

Have you ever received a text regarding a chance of winning a cruise? Although we all wish that it would be a dream come true, it could be the beginning of a nightmare. According to the verified mobile phone community, Truecaller, approximately US$8.6 billion were solicited from Americans via phone scams in 2013. Although you may say to yourself “How could people fall for text fraud?”, the truth is that some individuals are not aware of how current fraud artists operate using a variety of methods and communication tools.

Whether it be phone, mail, text, email or debit / credit card fraud, the best way to protect scamsyourself from being a victim is to identify the scam and be able to do not fall for the bait.

Below lists the different types of scams and what you should look out for when you are approached by fraudsters.

Identity Scams

Identity scams begin by fraudsters obtaining personal information via the internet or telephone, or via fax or regular mail. As a result, be particularly wary of unsolicited e-mails, texts, telephone calls or mail attempting to extract personal or financial information from you. When using a debit or credit card, it is safer to swipe your cards yourself than it is to allow a cashier to do it for you. In circumstances that you are asked to hand over the card, be sure that you never lose sight of it.

Debit Card Fraud

If you select to use a debit card for the majority of your purchases, then you are a target of debit card fraud. Signs of how fraudsters may execute their scam on you are: asking you if they can swipe the card on your behalf, having independent bank machines in usual and dark places, watching you punching in your personal identification number (PIN) into the payment terminal. If you have a lost or someone has stolen you card, be sure to report it to your bank.

Credit Card Fraud

Whether it is buying a shirt at a small clothing boutique or a CD from a music group’s website with a credit card, you may be susceptible a scam by having your information stolen. To prevent this unfortunate circumstance from happening, be sure to: look for small charges to your card, avoid buying items on websites that are not secured. (Please Note: Secure websites have their addresses start with ‘https//:’ once you have selected to log onto the site). If you choose to use the credit card only in stores, be aware of i) individuals that will ask you to reconfirm the number and ii) the return of your card. Some fraudsters will attempt to swap your card with a dummy card once they have the information to use the card elsewhere.

E-mail Fraud / Phishing

If you have an email account and subscribe to electronic newsletters, chances are that your address will be obtained by e-mail fraudsters or “phisers”. Phisers attempt to acquire sensitive information such as usernames, passwords, and credit card details (and sometimes, indirectly, money) by masquerading as a trustworthy entity in an e-mail. The e-mail will have an urgent request for personal or financial information. It is important to remember that financial institutions and credit card companies normally will not use e-mail to ask for or confirm existing client’s information.

Mass Marketing

Mass marketing scams can be seen in various forms, however; individuals are more prone to be victims of charity, prize pitch and telemarketing fraud.

Although there are various worthy charities to donate to, be aware of individuals that claim to represent a charity and is not able to provide verifiable identification and will pressure you into donating money. Legitimate fund-raisers will not push you to give on the spot.

Prize pitch scams are highly effective since everyone enjoys winning a prize, however, it comes with a catch. If you need to provide personal information to claim the prize, think twice. It may be too good to be true.

Telemarketing scams are the most efficient frauds to execute. To identify whether the offer that is being made is legitimate, ask the individual on the other end of phone to provide all the information that is available on the company, especially contact information for two managers. If the individual is unable to reply to request, end the conversation and clearly indicate that you do not wish to be contacted again.

Being a victim of a scam is very unpleasant. Not only do scams leave you with less money in your bank account, they will strip you of your dignity.

The best way to prevent the two from happening is to inform yourself of all the proven and successful scams that are executed on and off the internet.

ms that are executed on and off the internet.

Comment améliorer votre pointage de crédit rapidement et facilement

A une dette à la consommation a grimpé hors de contrôle? Ou peut-être vous êtes juste construisez crédit pour la première fois? Apprenez comment vous pouvez commencer à augmenter votre pointage de crédit nettement aujourd’hui, gagner la paix de l’esprit et de pouvoir de négociation

Source: Peoples Trust

 

Selecting The Right Bank Accounts and Services As A Student

As an enrolled student, you should be on the lookout for different banks that offer discounted fees for their services. Discounted fees will permit you to keep more money in your pocket while obtain the same level of services as a regular client. A prime example is banks that offer specific accounts and services to students for the years that are spent in school.

With the various banks that a student can choose from, it is important to understand the basic accounts and services which will influence the selection of the financial institution that you will place your money in for the semesters to come.

Here are 8 financial services and related fees that banks specifically promote to studentbankstudents before every semester.

1. Monthly Bank Account Fees

All banks will offer students the ability to open an account where there are not any fees charged for basic banking services. Services may include: cheques, withdrawals (including automated banking machines), transfers, pre-authorized payments, bill payments and debit purchases. These are usually known as “unlimited debit transactions”. Check with your respective bank to see what specific fees are exempted in their offer to students.

2. Monthly Recordkeeping Fees

To maintain an accurate record of your bank account, banks may charge fees for specific recordkeeping services. Banks will assign a fee to provide paper statements, cheque images returns and passbook updates. Fees can range from $1.50 to $2.50 per month for each service. If you are already and a good manager of money and tracking your deposits and withdrawals, you may not have to use the recordkeeping services offered by your bank.

3. Online & Mobile Banking

Via a smartphone, tablet or laptop computer, banks should offer students the ability to bank online. Using these tools, it will allow you to conduct transactions at your own convenience. For example, the majority of the main banks in Canada offer you the option of making a deposit by just asking a picture of your cheque with your mobile phone. Access to online and mobile banking is free.

4. Rewards Programs

To encourage client loyalty, some banks will prompt students to enroll in rewards programs. By participating in such programs, you can eligible for discounts for anything from movies to music downloads. If such rewards programs interest you, be sure to read the fine print on the details on the offer and ask questions to your local branch manager.

5. Savings Programs

For students that have trouble saving on a regular basis, banks will assist in establishing automatic withdraw-deposit transactions. This can be very helpful when you are planning your future years in university when the cost of tuition and books are most likely to rise.

6. Access To Credit Cards

Although using credit cards maybe costly in the hands of students who may be tempted impulse shop, some banks offer to access credit cards with customized budget alerts to better manage money and promote wise spending. It is important to note that some banks will grant credit cards with a “no income” requirement which may be dangerous for students who may not have enough funds to pay credit charges when they are due. As a result, it is your responsibility to use the credit card for the purposes of your education and not your wardrobe or social life.

7. Access To A Line of Credit

To ensure that you have a sufficient amount of funds to pay your tuition, banks will offer students a line of credit to use to cover costs. A line of credit is a source of money from a bank or a level of government that must be paid back with interest. Eligible students can access this type of financing with some conditions and restrictions. Speak to a representative at your bank for more information on obtaining a line of credit for tuition purposes.

8. Loan Programs

When students are not able to obtain a bursary or a loan from the government for tuition and books, banks have loan programs which should be considered as an alternative. Depending on your needs, you can get a loan which best fit your financial status. If one bank does not offer what you are looking for, visit another bank. Do not be afraid to negotiate the best deal possible.

If you are student and in need of financial services while attending school, it is

it is recommended that you conduct research regarding what each bank offers and how you can benefit from different accounts and services for your academic future.

recommended that you conduct research regarding what each bank offers and how you can benefit from different accounts and services for your academic future.

Dernier appel. Soumettre vos vidéos pour le concours vidéo de l’éducation financière 2014

Avez-vous pensé à un thème pour votre soumission pour le concours vidéo de l’éducation financière 2014?

Vous avez seulement à quelques semaines pour filmer, monter et envoyer la vidéo avant le 14 novembre 2014.

Participer comme un individu, un groupe ou à travers votre Carrefour jeunesse-emploi locale

Gagnez

  • Une tablette numérique et $500 dollars en argent
  • Un lap top
  • Caméras vidéos,
  • Caméras photos digitales
  • Certificats-cadeaux

Besoin de quelques exemples pour commencer à générer des idées pour votre vidéo, consultez la poste Monnaie Money sur YouTube.

Ci-dessous, vous trouverez la vidéo gagnante pour le concours vidéo sur la littératie financière 2013.

Lorsque vous avez fini une vidéo à présenter, vous pouvez l’envoyer à Monnaie Money par:

  • YouTube ou Vimeo
  • Un DVD
  • Par courrier

Les gagnants seront annoncés le 28 novembre 2014 dans le cadre du mois littératie financière au Canada.

Les citoyens du Québec âgés de 13 à 35 sont admissibles à participer au concours.VideoContest_FR2014
Pour de plus amples renseignements sur les règlements du concours, s’il vous plaît lire: «règles et règlements du concours.».

Pour plus d’informations, visitez le site Web de Monnaie Money ou composez le (514) 342-5678 ext. 228.

Un merci tout spécial va aux commanditaires suivants:

  • Tangerine
  • Autorité des marchés financiers
  • La Fondation J. Armand Bombardier
  • Standard Life
  • Telus
  • Fondation du Grand Montréal
  • MONEY MART l’éducation des consommateurs
  • Tru-Juice

Ne pas attendre pour entrer …

Monnaie Money Financial Literacy Video Contest 2014

November is Financial Literacy Month in Canada and to celebrate, Monnaie Money and its supporting partners wants to give away the following prizes:

  • A tablet and cash prize of $500 dollars
  • An iPad 4
  • A Laptop
  • A video camera
  • A digital photo camera
  • Gift carts from our sponsors

To win one of the prizes listed above, all you have to do is to create a video of 3 minutes VC2014(maximum) dealing with the following subjects related to financial literacy:

  • Money management
  • Savings
  • Using credit cards
  • Fraud prevention
  • Student debt
  • Debt management
  • Budgeting
  • Paying for education
  • Taxes
  • Spending

To be eligible for the contest, you or the member of your team must be between 12 and 35 years old and must be residents of Quebec.

Deadline for your submission is November 14th, 2014. For more information and contest rules and regulations, please click here.

Good luck to all participants.

7 Tips To Better Manage Your Student Loan Debt

If you are an university or a CEGEP student, you have many responsibilities to deal with. If you have selected to obtain a student loan to finance your education, repaying StudentDebt-Postthat debt is a major responsibility that can stick with you for the months and years to come.   In order to decrease the stress that is associated with student loans debt, it is best to have a plan to pay back the money on time.

Here are seven tips to follow to better manage your student loan debt.

1. Know the lender’s conditions

Whether you are applying for your first student loan or an additional funding, it is vital that you be aware of the lender’s conditions.   The basic conditions can range from repayment schedules to interest rates.   Since the majority of loans are made available via the provincial government, you can read all relevant information online.   In addition, it is wise to understand your responsibilities and obligations before, during and after the time that you plan on studying.

2. Borrow Only What You Need

Your education is just like any other consumer good like an iPhone or a laptop in which you should know the price tag. Having an idea of how much you will spend on your education will help you in applying for the right amount of funding in the form of a student loan. By borrowing the amount of the money that you need (not want), you can have a manageable loan to repay.   It is very important to remember that your student loan money is meant to finance your studies and not your lifestyle.

3. Create A Budget and Stick To It

Creating a budget and sticking to it will make your life easier when it comes to repaying your loan.   Setting aside the money that your make from your job and the expenses you’re likely to have that semester, you can budget the right amount of money to repay on a monthly basis. The faster that you are able to budget for your loan, the faster that you will be able to lessen your school-related debt.

4. Increase The Size Of Your Monthly Payments

If you have already budgeted the minimum amount of your monthly payment, consider adding more money to it. By working a few extra hours or saving more by cutting further weekly expenditures (such as coffees or cigarettes), you can put more towards your education financing.   You will be surprise at how big of a difference an extra few bucks will make in terms of reducing the principal amount and especially, the interest.   Do not forget that the financial assistance funding offered by the provincial government are in the form of low interest loans and they should not be taken for granted in terms of repaying interest.

5. Automate Your Payments

By automating your payments, you will prevent yourself from ignoring the responsibility of repaying loans.   Using your budget, you can ask your bank to debit your account on a regular basis in the amount of what you owe the government.

6.  Avoid Using Other Forms of Credit

While having a student loan to repay during your academic career, it is wise to avoid using other forms of credit (i.e., credit cards and personal bank loans).   Not only does taking on additional financial responsibilities will add to your stress level if you cannot meet the obligations, it will affect the chances of obtaining future student loans and your credit history. If you must use a credit card to pay for books and other learning materials, be sure that the cash that will be used to pay the bill is in your bank account.

7. Make Some Social Life Sacrifices

Some students have difficulties managing their student loan debt can be linked to spending money in an irresponsible fashion.   Rather than setting aside money to pay down their student loan debt, students spend money on going out with friends and having an active and expensive social life.   By making a few social life sacrifices during a semester, you can save money to lessen the responsibility of paying back a loan that will take months or years to do so.

Once the government deposits the funds in your bank account, the money is meant to be used for your studies and to be repaid.   In order to repay the principle and interest in a timely fashion, it is wise to have a plan and commit to it.

 

8 Ways To Cut Costs For School

As the school year approaches, costs of getting a good education are on the minds of students and parents.   Tuition, books, supplies and other school-rated expenses are not getting any cheaper and will continue to be barriers to learning.

In order to afford access to a good education and overcome the barriers, students and backtoschoolparents must select to either find avenues to pay for the increasing costs (without going into debt) or cut costs associated with attending school. Each avenue does have its advantages and disadvantages, however; a decision must be made for the short and long term.

If you find that is it best to reduce costs, consider the following eight strategies:

1. Evaluate Your Course Load

Tuition is the main cost that students and parents must face at the beginning of each semester. Although students should complete their studies as soon as possible, taking on the appropriate course load will aid in managing the cost.   If you discovered that a full-time course load was too much to handle based on your overall performance at school, reduce the amount of courses that you plan to register for next semester.   The money that is not spent on the courses can be used for other expenses or be kept in the bank.

2. Buy Second Hand Textbooks

New school books are very expensive and buying second hand books should be a must for students looking to cut costs at the beginning of each semester.   Using various websites and bulletin boards at school, you can find individuals looking to sell their used books at a discounted price. In addition, purchasing used textbooks may contain highlighted information which will make studying easier over the semester.

3. Budget For Social Occasions

Even though attending school is about getting an education, it provides students with ample social occasions to meet with their peers.   It is important to remember that some of the occasions come with out-of-pocket expenses.   As a result, it is recommended that students select the right event to attend without breaking a budget. (Consider using a spreadsheet program to budget and forecast potential costs for each event.)

4. Eat Better

Eating at the school cafeteria and nearby restaurants can be expensive throughout the semester. Consider taking leftovers for meals and buying groceries to bring healthier lunches and snacks.   Eating better can help you save money on a monthly basis.   Consider the amount of money that you spend on junk food and drinks at school.

5. Forget About Fashion

Going to school is about learning and not about demonstrating your sense of fashion.   Buying a new pair of nice jeans should not be a priority when you must buy a textbook for a perquisite course.   Any money that you had planned to spend on clothing should be stay in your bank account for school-related expenses.

6. Do Not Pay Bank Fees

As a student that is enrolled in a post-secondary institution, you are eligible for a student bank account at your financial institution. A student bank account permits you to conduct transactions for free.   This will allow you to pay for books and other school related expenses via your debit card without incurring any fees. (Ask at your bank for the appropriate account that will fit your needs.)

7. Find Alternative Means of Transportation

Getting to and from school can be expensive depending on where you live. Whether it be by car or public transportation, you should attempt to reduce these transportation expenses. A possible strategy is to bike to school in months that the weather is nice which will allow you to pay less for gas or a transit pass during a semester.

8. Consider Shopping At Dollar Stores

For students shopping for school supplies, consider purchasing items at a dollar store. Everything from rulers to notebooks is available at discounted prices on a consistent basis.

Cutting cost for school is a necessity for individuals who wish to obtain an affordable education and not go into debt for years to come.   Reducing school expenses is not an easy thing to do on a regular basis, however; with the right approach, students and parents will have less of a burden of paying school related expenses at the beginning of each semester.