Daily Challenge Thursday May. 03, 2012
Visit your bank's website and read 1 article that increases your financial knowledge.
How to do it
Visit the website of your bank or credit union and look for the section on improving your financial knowledge. Pick one resource that interests you, and read it. Virtually all banks and credit unions offer this information, in the form of articles or interactive features about healthy credit, saving for retirement, investment vehicles, and more.
Why it matters
Knowledge is power! Taking advantage of information about saving and investing, using credit wisely, and creating plans to maximize your money will empower you to make better big-picture financial decisions. This can translate to more of your hard-earned money in your wallet, so you can feel less financial stress, cover your basic needs, and maybe have a little something extra left over for things you want.
The word bank comes from the Old Italian "banca," referring to the benches or exchange counters used during by Renaissance Florentine bankers.
I'm kind of a geek about this kind of stuff so i read it anyways.
I usually do this since im actually trying to invest more in our future than i previously did.
I finally broke down and began to trust. I joined the online banking with my bank and wow I love it more than paper checks. I can track everything and make my banking a daily awareness.
I went online to check my PayPal & debit card's status & balance today...Learned Social Security is going to switch my disability payments from their usual old checks & into a brand new system on another pre-paid debit card.
I read the new tax law in my country and i found out my accounts won´t be affected!!! :-).
I kind of cheated ... I talked with a financially savvy friend, instead.
I go on the web site quite often, but don't read the articles, so I guess I will do that. I just learned the credit union will no longer accept out of country charges on a card. HMMM!!
I am most interested in the immediate subject of identity theft and protecting credit from being stolen. My purse was stolen last weekend and this subject is in the forefront of my mind right now. I am spending at least 3 hours each day dealing with the resulting issues from the theft. Yes, there are victims in this type of crime. The police officer I am working with states that the general outlook from their side is that this is a victimless crime. No, I do not agree. Emotionally and physically, this has definitely taken its toll on both me and my husband.
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