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Selling Online
Selling goods or services online can be an easy way to make some extra money. Maybe you have old clothes, collectors’ items, or furniture that you would like to get rid of. Or maybe you have a skill, like crafting or web design, that you can use to make physical or digital products. If this is the case, there are many online marketplaces where you can make sales. You may even want to set up an online business making sales online.
Making Purchases Online
Buying goods and services online can be faster, more convenient and sometimes even cheaper than purchasing things from a physical location. The primary difference when purchasing online, other than the purchasing method, is that you have to wait for your items to be shipped to you. Often, you also have to pay for shipping. But if you are not in a hurry, purchasing online is a great option.
Tools to Protect Your Identity
If your private financial information gets into the wrong hands, the consequences can be devastating. There are many ways you can help protect yourself on a daily basis, from taking precautions online to checking your credit report periodically. Sometimes, however, the precautions aren’t enough and you find yourself a victim of identity theft. If so, it’s important that you act quickly. Contacting the correct agencies and filing the necessary reports will go a long way toward minimizing any damage to your financial well-being.
Identity Theft Protection While Traveling
Travel can make you especially vulnerable to identity theft. Regardless of where you’re visiting, you’ll likely be carrying more valuables with you than usual. It’s crucial to prepare ahead of time and do what you can to prevent identity theft while traveling abroad.
High Risk for Identity Theft
Do you know the biggest targets of identity theft? The answer may surprise you — while everyone should be aware of identity theft, children and the elderly are at an especially high risk of becoming victims. Despite a child's finances being largely tied to his or her parents’ finances, minors are still susceptible to identity theft and the consequences can be both troublesome and financially damaging.
How to Prevent Fraud
Take a minute to think about your habits – do you delete spam emails? Do you keep your Social Security Number in a secure place? What about your statements and receipts – do you shred them before throwing them away? There are some simple steps you can take to reduce or minimize the risk of becoming a victim of identity theft.
Identity Theft Basics
What steps are you taking to protect your identity? Credit and debit cards give you flexibility and purchasing power, but as with any sensitive information, they require extra security precautions. You wouldn't leave cash lying around, so it's important to secure your financial information as well. In oder to lower your chances of becoming a victim of identity theft, review these basics.
Rebuilding Your Finances
You can’t rewrite your credit history, but you can rebuild it. Whether you’ve undergone a major life event or filed for bankruptcy, reestablishing your credit rating takes time and discipline, so it’s helpful to create a plan you can stick to. You’ll need to demonstrate that you’re able to pay your bills on time every month and make regular repayments to a credit line.
Debt Basics
When dealing with debt, it’s important to recognize that there are various types and they won’t always result in the same outcome. For example, going into debt for school or business purposes or taking out a mortgage to buy a home could be considered investments that might yield greater financial earnings for you in the future. This kind of debt may be costly in the short term but could potentially end up paying for itself in the long term if it’s an investment in an asset such as education or real estate. However, debt that isn’t likely to make a future return is simply a financial burden in both the short term and the long term. This is the kind of debt that must be managed carefully to avoid letting it quickly spiral out of control.