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MEDIA CENTER

The Money Minute - October 2013  

In this Issue


 ID Headstone

Don’t Get Spooked by ID Theft of the Dead 

It seems when it comes to stealing from other people, ID thieves are willing to reach beyond the grave. Stealing  the IDs of our loved ones after they have passed on is a growing crime. Each year millions of families are affected. The thieves use the information from obituaries, and even the Social Security Administration, to gather information they need to commit crimes. Aptly enough, the crime is called ghosting.

 

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Creating a Plan for Holiday Spending

No, it can’t be! Just as we are packing away summer’s paraphernalia, retail stores are bulldozing ahead making sure we are aware that the holidays are coming. Halloween will be here in no time with Thanksgiving and the holiday season not far behind. But is your pocketbook ready? Before the hustle and bustle begins take control over your finances so they do not take control of you.

 

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Id Theft Prevention Flyer Image

Webinar: October 22nd and 23rd  

ID Theft Prevention

ID thieves make a living by stealing your information. During this online seminar you will learn invaluable tips to protect you and your children’s identity and what to do if your personal data is stolen.

  • How does ID theft occur?
  • How do identity thieves use your information?
  • What precautions should you take to prevent ID theft?
  • What should you do if your ID has been stolen?
  • How can you protect your children’s identity?
Tue., Oct. 22 12:00pm Eastern, 11:00am Central,
9:00am Pacific. 
3:00pm Eastern, 2:00pm Central,
12:00pm Pacific.  
Wed., Oct. 23 1:00pm Eastern, 12:00pm Central,
10:00am Pacific. 

 

To learn more or register click here

 

 First Time Homebuyer Workshop Flyer Image Lexington

First Time Homebuyer Workshop
Lexington, KY, Cincinnati, OH & Davie, FL 

Apprisen wants to help you achieve your dreams by giving you the information you need to own your first home.

  • Preparing for homeownership
  • Working with a real estate agent
  • Understanding budgets and credit history
  • Finding and working with a lender
  • Home inspections and home maintenance
  • Preventing loan default

Each attendee will receive a HUD homebuyer certificate of completion at the end of the workshop.

To learn more about the dates or to register visit: www.apprisen.com/homebuyer

 

 Pinterest

Apprisen is now on Pinterest!  

Apprisen has always provided our clients with personal finance tips and advice that is timely, topical, and helpful. To help even more people, we’ve created a Pinterest page at www.pinterest/apprisen. Apprisen’s Pinterest boards cover subjects ranging from student loans and home ownership to personal finance myths and basic advice.

 

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Don’t Get Spooked by ID Theft of the Dead    

It seems when it comes to stealing from other people, ID thieves are willing to reach beyond the grave. Stealing  the IDs of our loved ones after they have passed on is a growing crime. Each year millions of families are affected.  The thieves use the information from obituaries, and even the Social Security Administration, to gather information they need to commit crimes. Aptly enough, the crime is called ghosting.

Using the information they steal, the thieves are able to apply for credit cards, obtain loans and submit fraudulent tax returns. The IRS estimates the problem costs American tax payers more than 5 billion dollars and involves more than 2.5 million fraudulent identities every year.

Is there any good news in this story? There is. When your loved one’s identity is stolen, you are not responsible for the debt. Furthermore, there are some concrete steps that you can take to prevent ghosting from happening in your family.

  1. Immediately inform the Social Security Administration of your loved one’s death by calling: 800-772-1213.
  2. Inform the three major credit bureaus (Experian, Equifax, and TransUnion) in writing. Ask them to place a deceased alert on the credit report. 
  3. Follow up by ordering their credit report to ensure there has not been any fraudulent activity. Continue  to monitor the credit history for a year. You can obtain free credit reports at www.annualcreditreport.com.
  4. Contact banks credit card companies and other businesses, like insurance agencies and investment brokers that your loved one may have used. Have them list the account as Closed: Account holder is deceased. 
  5. Limit the information that you include in an obituary. Don’t use birthdates, home addresses, or mother’s maiden names. These pieces of information are what thieves look for to garner information. 
  6. Cancel their driver’s license to prevent a fraudulent ID from being issued.

At a time when you and your family are grieving, ID theft is the last thing you want to worry about. By taking these simple steps you can ensure this crime does not affect your loved one’s legacy. 



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Creating a Plan for Holiday Spending

No, it can’t be! Just as we are packing away summer’s paraphernalia, retail stores are bulldozing ahead making sure we are aware that the holidays are coming. Halloween will be here in no time with Thanksgiving and the holiday season not far behind.  But is your pocketbook ready? Before the hustle and bustle begins take control over your finances so they do not take control of you. Establish a strategy to get you through the next few months on track and on budget. Here are a few tips to help you get there:

  • Establish a holiday spending strategy. Determine how much you can afford to spend. To get a realistic amount, look back on what you spent last year. Was your budget able to support what you purchased or did you overspend and have to put some items on credit? This year, make it a goal to refrain from overusing credit to subsidize your expenses.  
  • Create a budget. After you know how much you can afford to spend, determine what segments of the holidays are important to you and designate your money towards those areas. This will make it easier to cut back on the less important elements. Then decide how much are you going to allot for the different expenses - costumes, food, gifts, and decorations? Assign a dollar amount to each of these spending categories. Keep track of your spending in these areas. If you see that you are going over your budget, you can take some funds out of a different expense to cover the amount.
  • Cut back on some of your everyday spending. You have already determined how much you are going to need to cover your expenses for the upcoming holidays. It is now time to figure out where you are going to get the extra cash. Examine where you are spending your money today. Are you eating out? What are you doing for entertainment? Forgo some of these activities and take the money that you would have been spending and put it in your holiday spending account. It is important that you have a special account, or even a holiday savings jar, so that this money is separated from your regular account and is used solely for holiday purchases. 
  • Use coupons. Coupons are a great way to save money. When you go shopping you can take the amount that you saved from using those coupons and put that in your holiday savings account. 
  • Shop early. It’s never too early to start buying the items that you are going to need. Look for the sales. But be careful, you might forget what you bought when the holiday finally comes around. Keep an itemized list of what you bought so you can refer back to it when needed.

Make it a goal to reduce your stress this holiday season. Have a plan to know how much you are going to spend and start saving now. You will be happy you did come January! 
  

 

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Apprisen is now on Pinterest 

Apprisen has always provided our clients with personal finance tips and advice that is timely, topical, and helpful. To help even more people, we’ve created a Pinterest page at www.pinterest/apprisen. Apprisen’s Pinterest boards cover subjects ranging from student loans and home ownership to personal finance myths and basic advice. As part of the launch, Apprisen created a board called Money is Not Rocket Science. Our rocket science board provides common sense in your face tips to manage your money and keep your personal finances on track.

If you are an active Pinterest user, we would like your help. Follow Apprisen on Pinterest and share your favorite pins on personal finances and frugal living. Together, we can create a source of creative money advice that is fun, exciting, and built to give people like you and I the information they need to empower their financial futures. 

 

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