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MEDIA CENTER

The Money Minute - April 2012 

In this Issue

 

Financial Literacy Quiz

Are you a money expert? Most of us are not experts in personal finances. We tend to have a mixed understanding of the dos and don’ts of how to best handle our money. We all develop bad habits. Maybe you don’t balance your check book regularly or perhaps you don’t know your credit score. The good news is that Apprisen has the facts you need to keep your personal finances healthy.

Where should you start? The best place to begin your journey towards financial wellbeing is by taking a short quiz that will help you determine where you need to focus your efforts.

Click here to take the Financial Literacy Quiz.

 

Debit Vs. Credit

I’ll bet that more often than not, when you step up to a cash register, you make your purchase using a plastic card. Debit and credit cards are used so frequently and are used so similarly that many Americans see no distinction between them. Unfortunately, there are very important differences between the two types of cards. As consumers, we need to know how they differ.

To read the entire article click here

 

Are You Financially Prepared for a Disaster?

Severe weather season is fast approaching. Tornados have already touched down in many communities across the United States. Unfortunately, many people are finding themselves financially lost after tragedy strikes. The consequences of not having your information stored in a safe place prior to a disaster could cost you time and money. Apprisen offers the following advice to help you prepare if the unthinkable happens. 

Read the entire article.

 

MyCoach Program: Financial Coaching From Apprisen

What is the program all about? MyCoach is about getting your personal finances on track and developing the skills you need to keep them there. Apprisen will be your partner to help you find real answers to your financial concerns. Over a period of two years, one of our certified credit counselors will work with you every step of the way as you set goals, develop a personal plan, and improve your finances. And the best part? There is no cost to this program.

Click here to lean more and apply for the MyCoach program.

 

 

Getting Smart About Your Money

You don’t know what you don’t know, and that could be a scary thing when you are talking about your finances.  During the month of March, Apprisen asked their online visitors how they improved their knowledge of personal finances. Fortunately, ninety percent did take it upon themselves to seek some help. Thirty-four percent frequented web sites. Thirty percent enlisted the help of a financial advisor.  But be careful; make sure the person you are dealing with is certified through the Financial Planning Association.

Read the entire article.

 

Money Smart Week Indiana and Money Smart Month Kansas City

Money Smart Week Indiana starts on April 21st thru April 28th. Apprisen will be participating in a series of free events that will help the community learn how to manange their personal finances and become financially literate.

Money Smart Month Kansas City is a community outreach initiative designed to promote and encourage financial awareness through classes, workshops and other resourses.

For a list of the free events, classes and workshops that Apprisen will be offering for Money Smart Week Indiana and Money Smart Month Kansas City, click here.

 

Are You Financially Prepared for a Disaster?

Severe weather season is fast approaching. Tornados have already touched down in many communities across the United States. Unfortunately, many people are finding themselves financially lost after tragedy strikes. The consequences of not having your information stored in a safe place prior to a disaster could cost you time and money. Apprisen offers the following advice to help you prepare if the unthinkable happens. 

  • Be Able To Identify Yourself – Have copies of all of your family’s vital information: Driver’s License, Passport, Birth Certificates, Medical Records, Current Photos
  • Record Your Financial Information - Create a log of all of your financial records. Bank accounts, investments, insurance, credit cards.  Include account numbers and contact information.
  • Inventory Your Home’s Valuables – Invest in hiring a reputable, independent home inventory service to photograph and record all valuables in your home to make sure you receive an accurate insurance settlement. 
  • Have Cash on Hand – Place a small amount of money, in small denominations, in your fire proof box at home. This should be enough to provide you with some basic necessities. 

This information should be stored in multiple locations and in multiple formats. Redundancy is the key to ensure you can get to this information as quickly as possible whatever your circumstances are. In addition to paper copies, download this information on a flash drive or CD and then register it with an online data storage site which can be accessed immediately from the disaster site. Place a copy in a fire proof box at home or in a deposit box at your financial institution, and give a copy to a trusted friend or relative that does not live in your area. Having this information in multiple locations allows it to be accessed quickly and when you need it. 

While it is common practice for credit card companies to put alerts on credit card accounts for victims who live in disaster areas, identity theft is an unfortunate risk. Far too often, personal information is compromised by being blown away or buried in rubble and credit card accounts are either used or opened fraudulently. Apprisen is there to help. We can offer financial education and guidance to help identify strategies to recover from this financial disaster.

Call 800.355.2227 to schedule an appointment with a certified financial counselor, fill out our online application, or chat with a live Apprisen representative.

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Getting Smart About Your Money

You don’t know what you don’t know, and that could be a scary thing when you are talking about your finances. During the month of March, Apprisen asked their online visitors how they improved their knowledge of personal finances.  Fortunately, ninety percent did take it upon themselves to seek some help. Thirty-four percent frequented web sites.  Apprisen.com can be a valuable resource when needing advice or budgeting tools to help you get on track with your finances. Thirty percent enlisted the help of a financial advisor. But be careful; make sure the person you are dealing with is certified through the Financial Planning Association. You can visit their website www.fpanet.org to get investment advice and referrals. 

There are many popular books on personal finances and that is how sixteen percent of the respondents get their knowledge. But be mindful of any advice given, and make sure it will work for you and your lifestyle. Ten percent of people responded that they sought help from family or friends and another ten percent did not do anything to improve their financial IQ. Knowledge is power. Take what will work for you and adapt it to your routine. Remember, your financial life is not an all or nothing proposition, it is a work in progress. The more resources you surround yourself with when you are dealing with your finances, the better.  

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