As Financial Literacy Month comes to a close, we hope you have enjoyed all our posts.
If you read through them, you already know the answer to this question:
Why should you be Financially Literate?
A study by the financial services company TIAA-CREF show that people with high financial literacy skills have double the wealth of those who do not. Also, those with low financial literacy skills pay a lot more for things.
So which would you rather be? The person who has more $$$ in their pocket, or the one who does not!
Financial Literacy doesn’t need to make you fried! It just takes a little effort to really understand what you need to know!
Want to keep up with your financial literacy skills? Visit our website, where we post financial literacy tips regularly. Follow us on Facebook and Twitter!
Identity theft is a big problem. If someone gains control of your personal information they might be able to open accounts, file taxes and make purchases in your name.
The number one thing you can do to help prevent identity theft is to not use your social security number for identification purposes.
If anyone asks for your social security number for identification purposes, tell them you do not give out that number!
Mark Ferris’s cable TV company asked for the last four digits of his social security number to use as a PIN number to access his account. “I told them I do not give out my social security number or any part of it”, said Ferris, “ so they said fine, and asked me to give them a 4-digit number I could remember. If I provide my social security number or any part of it, it just increases the risk I will be subject to fraud or identity theft!”
It sometimes takes detective work, and there are many warning signs that might ‘pop up’ allowing you to discover that someone is using your information. You might notice strange withdrawals from your bank account, get bills that aren’t yours, or get calls about debts that you don’t owe. You might get a notice from the IRS or find unfamiliar accounts on your credit report.
Should you find yourself a victim of identity theft, the first place you should start is the Federal Government’s Federal Trade Commission’s dedicated website https://www.identitytheft.gov
April is National Financial Literacy Month, Talkin’ Money’s favorite month! To celebrate the importance of being financially literate, we’re going to post financial literacy tips every day.
From the Tampa Bay Times – Florida finance and business leaders have long pushed for the state’s students to better understand the way money works in today’s society. Lawmakers mandated financial literacy instruction for high school students in 2013.
In June, the State Board of Education adopted a “financial literacy strand” into its social studies standards.
Did you know Florida was the first in the nation to put in place the national Council for Economic Education’s Standards for Financial Literacy, which include lessons on such subjects as saving and investment? This sets the stage for a full-blown course on the subject some time in the future, to go along with the growing list of other state mandated (and tested) topics that students face.