man paying with credit card at gas station - credit card skimmer

Card skimming is a devious, clever, and increasingly common form of criminal activity. The latest data from FICO showed a 70% rise in the amount of credit and debit cards being compromised in the past year. Skimmers are tiny devices that can be installed on machines that process credit and debit card payments – anywhere you swipe a credit or debit card, such as an ATM or a gas station pump. Skimming devices read your card information as you swipe it, and they’re …

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I often mention my kids on here, but I don’t really talk about them directly too much. They don’t make the decision to write about their lives on Money360 – I do. I try to keep that privacy in mind on their behalf. (Sarah and I have a pretty clear understanding at this point as to what’s appropriate to talk about to an audience of thousands and what isn’t within our marriage.) Having said that, the reality of …

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When it comes to your credit scores, you’ll find no shortage of advice or alleged strategies on the best way to max out your numbers and improve your credit rating. You’ll find people who claim to know the perfect number of credit card accounts or the magical payment method you need to employ need to achieve credit score greatness. One such strategy is to overpay your credit card to the point where you actually have a negative balance, or sur, …

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What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Handling actual cost of moving 2. Best paper shredder? 3. Political differences with coworker 4. Antique cookie jars 5. Thoughts on TIAA 6. Moving to the US 7. Low cost health changes 8. Barbecue sauce in slow cooker 9. Impressing others and gender issues 10. Easy job to …

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Target-date funds are available in just about every 401(k) these days and most other investment accounts as well. And they can be incredibly useful for two main reasons. First, target-date funds combine multiple mutual funds into one, making it easy to get a fully diversified portfolio without having to choose and manage multiple different mutual funds yourself. Second, target date funds help you manage your asset allocation, which is simply the way you split your money between higher-risk, higher-return investments …

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Year after year, studies shows that Americans are on the struggle bus when it comes to saving for, well, anything. With 2018 on the way, nothing much has changed. In 2017, more than half of all American adults had less than $1,000 in a savings account, according to a survey by GoBankingRates. To add insult to injury, a similar Bankrate study showed that nearly a quarter of adults had no money saved for an emergency like a layoff or a huge …

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Dubbed the “Venmo killer” by Bloomberg, Zelle is a new P2P payment app that allows users to transfer money directly between bank accounts, and even between different banks. It’s being sponsored by 30+ major financial institutions, including Bank of America, Capital One, and Wells Fargo.

It’s the banks’ major entry into what’s known as the P2P, or “peer to peer” economy, in which two individuals transact directly with each other.

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Once a month (or so), I share a dozen things that have inspired me to greater personal, professional, and financial success in my life. I hope they bring similar success to your life. 1. Andy Andrews on self-discipline “Self-discipline is the ability to make yourself do something you don’t necessarily want to do, to get a result you would really like to have.” — Andy Andrews If the things that people want in life were easy to get, most of …

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In the book Your Money or Your Life (which happens to be the single most important book I’ve read in terms of helping me launch my financial turnaround), the authors offer a lengthy chapter that covers a whole bunch of strategies to follow in order to cut one’s spending. Their number one rule – the one that they put in huge bold letters and describe as standing above all others – is really simple. Stop trying to impress other people. …

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It’s that time of the year again. People all across the world are trying to come up with holiday gift ideas for the frugal and practical people in their life, while the frugal people among us are trying to figure out how to give thoughtful gifts to the people in their life without going into bankruptcy. Although I’ve written gift guides for people many times in the past (here are gifts to give to frugal/practical people, sub $10 gift ideas, …

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