Money News You Can Use

By MP Dunleavey Friday March 12, 2010
This post is about planning

dw_resolveAnd now, your news-you-can-use roundup.

The I.R.S. Takes Visa, But...
If you decide to put your tax bill on a credit card, the National Foundation for Credit Counseling has some advice: First, find out what Uncle Sam's fee would be to charge your taxes; ask your card company whether a tax bill counts toward your reward points (it may not); remember that a tax bill is subject to the same interest rate and other terms as any other charge.

Practice Safe... Mobile Banking
As more financial transactions are conducted over mobile devices, consumers need to protect themselves. Tips from the Independent Community Bankers of America:
  1. Don't save passwords, PIN or account numbers on your phone or PDA. Don't set up automatic log-ins to your accounts.
  2. Beware of text messages requesting financial data; contact your bank directly to verify that the request is valid.
  3. Read your statements to check for unwanted charges.
  4. If you use an iPhone money app, password protect your device so that no one else can access your data.
Peek at Other People's Money
If you've ever wondered what other women spend on clothes—or what other families spend eating out (and who isn't curious about the Joneses?)—check out Bundle.com, a fun new website that collects real-life spending data across the country, based on actual credit card transactions.

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Comments (3)add
Written by Sheila B., March 12, 2010
Hello! I have a question about today's post.

You wrote, under 'Practice Safe... Mobile Banking':
"1. Don't save passwords, PIN or account numbers on your phone or PDA. Don't set up automatic log-ins to your accounts."

Well, I recently signed up for Mint.com from a link on one of this site's blog posts. (I LOVE IT, btw!) I gave them the log-in for my bank accounts, so that they could automatically import my transactions whenever I log-in to their site. Now you have me wondering if that was safe to do. Can you give me your thoughts on this? Thanks in advance!

Best,
Sheila B.
Written by MP Dunleavey, March 12, 2010
Sheila--automatic log-ins are fine, if you're on your own, secure, home computer. If you're logging on via a phone app, your data could be at risk if you happen to lose your phone--or even if a friend uses it. p.s. this may be obvious, but never do banking on a public computer, e.g. at the library or a cafe.
Written by Michelle Christie, March 22, 2010
Hi, I am having a wonderful time perusing your blog site. There is so much valuable information that is here to learn and re-learn. Thank you for sharing.

We would love to have you join us for a talk about women and money, the ladies could use this information.

Thank you again for sharing!
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