P2P payment apps like Venmo, Zelle, and Cash App are booming, but scams are rampant. One common trick exploits the delay in fund transfers—scammers use fake accounts to pay for goods and disappear before you realize it’s a scam. Venmo also shares transactions publicly by default, making users easy targets for identity theft. To stay safe, only send money to people you know, avoid using these apps for business, transfer funds out promptly, and enable two-factor authentication. Protect your money! Click to read more about how to stay safe when using P2P payment systems.
We live in a very app-driven world, and one of the latest scams involve third-party payment apps. You might download a payment app like Cash App or Zelle, only to find out it’s a lookalike and you’ve been looted. Or you might get a bogus notification of a large withdrawal about to be made from the target’s account which leads them into a scam. Be wary of any suspicious activity and never give out any personal info to unknown people on the phone. Read on to learn how to spot a scam and stay safe in the app world!
Want more from your money? Savings accounts are an ideal home for funds you want to put away for emergency or special purposes. Checking accounts are the way to go for money you will spend on living expenses. But, what if there were a way to take everything you love about your savings account and put it together with the best parts of your checking account in one fantastic account? Let’s take a look at Money Market accounts.
Pay Yourself First, or “PYF”, is a principle most successful savers use. It’s a “bill” you owe yourself for saving and an effective strategy because it helps you reach your goals quickly and effortlessly. Read on for the 4 Steps to Pay Yourself First.
The money envelope system has been around for years, and it’s an incredibly motivating and powerful way to keep spending in check. You can use this handy guide to understand and implement the money envelope system in your household.
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