As digital payment scams become more prevalent, they are also more sophisticated, making them harder to detect. Scammers employ what is known as “social engineering” to manipulate people into revealing sensitive information. It’s all about the psychology of persuasion. These scammers take advantage of human nature, aiming to lower your defenses so you’ll act on impulse rather than reason.
How Scammers Use Social Engineering to Steal Money
Wednesday, July 10, 2024
'Tis the Season for a Mid-Year Money Checklist
Monday, July 01, 2024
As summer hits its stride, the idea of financially preparing for the holidays might feel like overkill. Consider this: money is the most cited source of stress during the holidays, with 58% of US adults worrying about overspending or not having enough money.
Credit unions are renowned for offering an array of benefits over traditional banks, one of the most notable being lower fees. Unlike banks, credit unions operate as not-for-profit entities, owned by their members. This fundamental difference in structure means that credit unions prioritize serving their members' interests rather than maximizing profits. This translates to lower fees for services and potentially higher earnings on deposits for members. In contrast, banks often have higher fee structures designed to generate revenue. Understanding this distinction illuminates why credit unions are often preferred over banks.
A Wolf in Pup’s Clothing
Friday, June 07, 2024
I had been searching for a Chow Chow puppy for months when I finally came across what seemed like the perfect opportunity on a popular online marketplace. A breeder needed to find homes for the last few pups from a recent litter. The post featured adorable photos of Chow Chow puppies. The price was surprisingly affordable, which should have been the first red flag.
A Text Message Could Have Turned My Life Upside Down
Tuesday, April 30, 2024
Last Saturday, my phone pinged with a text message that could have turned my life upside down. I figured it was my friend Julia reaching out for our usual weekend plans. But instead of her name, the screen displayed “Logix Federal Credit Union” - where I’ve been a member for years.
