Monday, February 28, 2011

Got This In An Email...Latest Scam at the Pump

Using credit/debit card? Read this note very carefully. I did not know about the clear button, but I will be pushing the clear button before I swipe my gas or debit card and after just to be safe.
People are getting really desperate due to the constantly rising gas prices.
  A friend just told me about something that happened to one of his coworkers. She used her credit/debit card to purchase gas at the pump (like most of us do).  She received her receipt like normal. However, when she checked her statement, there were 2  $50. charges added in addition to her purchase.  Upon investigation, she found out that because she did not press the 'clear' button on the pump, the employee inside the store was able to use her card to purchase his/her own gas! To keep this from happening, after you get your receipt, you must press the 'CLEAR' button or your information will be stored until the next customer inserts their card. 

Be sure to tell all your friends/family so that this doesn't happen to them. I had never noticed the clear button but I got gas the other day and sure enough it is there.  I shall be using it from now on.

Tuesday, February 1, 2011

Even More Reasons To Save For Your Kids: Social Security Fund Depleted By 2037

This article from Associated Press writer Stephen Ohlemacher caught my attention while signing to check emails early one morning. Social security funds expected to be all drained out by 2037? Huh? I admit I was not surprised, I mean most financial conversations I have with those in my generation and younger visit this topic. This means we really have to beef up our future savings and triple contribute to our retirement plans and pray the stock market gods shine favorably on us. Yeah right. Some say diversity is crap but I really do not agree there. I mean the idea of stashing in not just the 401k, 403b, IRA or whatever retirement program you are contributing to is a smart choice, but also consider other investment securities, real estate, business opportunities, and other outside of the box pathways to invest. Think about it. Our children probably will not see the luxuries our grandmothers and grandfathers have had the privilege of partaking in when it comes to social security. How old will your kids be in 2037? Why not start a little stash for them now? No one's saying you need to throw $400 a week aside for them. If you got it, then do so. But $50 a week is okay too, it's something. With the social security funds being streched due to the economic downturn, baby boomers who are retiring and applying for benefits, and less and less payroll contributions you better have a plan B for your pride and joys.