Recent Money Matters Blog Posts:
Online Safety in the Data Breach Era
Cybercrime is expected to cost over $10 trillion in 2025. Last year, approximately 2.7 billion records were hacked in the National Public Data (NPD) breach, exposing data, including social security numbers. That breach included almost everyone in the U.S. and Canada. You may not be online, but your data is out there.
Organizing Tax Paperwork for Easy Tax Filing
Having the right paperwork at your fingertips for reporting on your annual tax return is one bright spot in an otherwise dismal task. Whether you outsource your tax filing or do it yourself, having a system for tracking, gathering and categorizing necessary documents (ideally throughout the year) will save you time and money. Also the ability to reliably find important documents when you need them is a game changer.
Finding Peace of Mind with a Digital Vault
Imagine the relief of knowing your family’s important information is organized, securely stored and accessible whenever it’s needed.
That’s the promise of digital vaults — platforms that provide safe, centralized hubs for keeping sensitive documents and information. Accessible from any device, digital vaults use advanced encryption and user-defined access controls to ensure users’ data stays protected while being available to those who need it.
When Building a Budget, Keep Your “Why” in Mind
Creating a budget is a fundamental step toward achieving financial stability and reaching your financial goals. However, the process can sometimes feel overwhelming or restrictive. The key to a successful budget is not just about numbers; it’s about understanding your “why” – the reason behind your financial goals. Here’s a guide to help you build a budget while keeping your “why” in mind.
Emergency Funds: An Important Part of Your Financial Strategy
When you think of your financial portfolio, your emergency fund probably isn’t the first thing that comes to mind. You’re more likely picturing your investments, retirement accounts, and that hot stock tip you’re hoping will pay off. But the truth is, your emergency fund represents more than just a rainy-day stash—it’s a critical part of your overall financial strategy.
Emergency funds can be broken down into three categories: quick, intermediate, and comprehensive.
Simple Holiday Budgeting Can Reduce Stress: A Guide for Busy Professionals
As the holiday season approaches, many of us feel a mix of excitement and anxiety. Amid the festive atmosphere, gift-giving, holiday gatherings, and travel costs can quickly add up, often leaving us with an inflated credit card bill come January. For busy professionals, balancing a packed work schedule with holiday planning makes it all too easy to overspend. However, with a few straightforward tactics, you can plan your holiday budget effectively and enjoy the season without financial stress.
Check Safety in the Age of Identity Theft
It used to be that check writing was a way of life. It was the only way to pay bills or send money to a grandchild for their birthday. In 2022, FinCen, a unit of the U.S. Treasury Department reported a whopping 84% increase in check fraud reported by banks. This will dismay many of you but check writing has become the LEAST secure way to send money and pay bills due to mail fraud.
Helping Mr. Dell: Protecting Our Loved Ones From Scams
How can we protect our loved ones from being targets of scams? To help shed light on this issue, let’s explore the fictional story of Mr. Dell, an older adult navigating a situation that’s based on true events.
Close Up Hacker Opportunities With A Digital Clean-Up
When was the last time you cleaned the house, or washed and detailed your car? We keep our physical surroundings tidy on a regular basis. But when was the last time you cleaned and organized your computers? Perhaps now is the time to clean up electronic devices such as laptops, tablets and smartphones.
Strengthening the Client-Financial Advisor Relationship: The Role of Daily Money Managers
On the one hand, we strive to build deep relationships with our clients. On the other hand, practical constraints of time and resources can limit the depth of our interactions. Enter the Daily Money Manager (DMM). A relatively new player in the financial services arena, the DMM serves as a bridge between the advisor and the client.