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What Is a Credit Freeze, and Should I Do It?

Success

However, knowing what a credit freeze is and taking advantage of it can help protect you and your finances. When you freeze your credit, it keeps sensitive data in your credit files from being accessed without your permission. million reports of identity theft. Credit freezes restrict access to your credit report.

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How to Protect Yourself from Online Scams

Success

The FBI’s 2020 Internet Crime Report states that there were 300,000 more internet crimes (phishing, non-payment/non-delivery scams or extortion) complaints in 2020 than in 2019. Check your credit report quarterly. Review your report frequently for any odd transactions or fraudulent postings.

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7 Apps to Teach Kids About Money

Success

The days of working hard to earn a buck aren’t exactly gone, but the personal finance landscape is certainly more complicated now than it was a few decades ago. Budgeting and building credit are only the beginning—you also have student loans, mortgage rates and maybe even cryptocurrency and non-fungible tokens (NFTs). Toshl Finance.

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Rent vs. Buy: What’s the Right Decision for You?

Success

For example, 84% of respondents in a 2020 survey from personal finance site NerdWallet said buying a home is a priority. They didn’t have the income or credit to buy and struggled with student loan and credit card debt, so it was harder to save for a down payment.”. So, how do you decide what’s right for you?

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5 Best Tax Practices for the Worried Virtual Assistant

Virtual Moxie

But I made the decision alone, without reaching out to anyone smarter about business finances than I was, because I was ashamed that I didn’t know the answers and couldn’t understand the information I was finding on my own. Ask about other ways to keep tabs on your finances without spending $100+/year. Find another way.

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Dymo's CardScan iPhone App Illustrates Several Key Trends

Small Business Labs

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses? .  The wave of mobile devices is definitely here.

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16 Timeless Truths of Financial Freedom

Success

According to a 401(k) report from Fidelity Investments, the average contribution of its investors—of which there are now 307,600 millionaires —was 14%. This article appears in the January/February 2020 issue of SUCCESS magazine and has been updated. If you do the math, it works out to saving 12.5% of your gross income. Don’t Budget.