financial management 29 aug 05 oc caruso. overview budgets credit cards identity theft important...
TRANSCRIPT
OVERVIEW
• BUDGETS
• CREDIT CARDS
• IDENTITY THEFT
IMPORTANT FINANCIAL TOPICS FOR NEW COLLEGE STUDENTS
BUDGETS
• WHAT YOU’RE GETTING– DON’T FORGET TAXES
• WHAT YOUR BILLS ARE– MAKE A LIST OF RECURRING BILLS
• HOW MUCH EACH BILL REQUIRES – SHOOT HIGH!
• MAKE IT FIT!!
FIGURE OUT:
BEWARE: PITFALLS!!
• FOOD
• PARTYING– BEER (IF YOU’RE 21…DIFFERENT BRIEF)– COVERCHARGES
• ENTERTAINMENT– MOVIES– VIDEOGAMES
CREDIT CARDS
• NOT FREE MONEY!!!
• VISA WANTS YOU!– TARGETS COLLEGE STUDENTS– NEW FINANCIAL INDEPENDENCE
• INTEREST RATES
• HIDDEN CHARGES
Introduction
• While you probably can’t prevent
identity theft entirely, you can
minimize your risk
• By managing your personal
information wisely, cautiously, and
with an awareness of the issue,
you can help guard against
identity theft
Manage Your Personal Information
• Order a copy of your credit report from each of the three major credit bureaus
• Place passwords on your credit card, bank, and phone accounts
• Secure personal information in your home
• Ask about information security procedures in your workplace
Maintain Vigilance
• Don’t give out personal information on the phone, through the mail, or over the Internet unless you know who you are dealing with
• Guard your mail and trash from theft
• Before revealing identifying information, ask how it will be used and secured and if it will be shared with others
Maintain Vigilance Continued
• Don’t carry your SSN card; leave it in a secure place
• Limit the identification information and the number of
credit/debit cards that you carry
• Keep your purse and wallet in a safe place at work
Consider Your Computer
• Update virus protection software regularly
• Don’t download files or click on hyperlinks from strangers
• Use a firewall
• Use a secure browser
Consider Your Computer Continued
• Do not store financial information on your laptop
• Avoid using an automatic log-in feature
• Delete any personal information stored on your computer before you dispose of it
• Read web site privacy policies
Social Security Numbers
• If someone asks for your SSN, ask the following questions:– Why do you need my SSN?– How will my SSN be used?– What law requires me to
give you my SSN?– What will happen if I don’t
give you my SSN?