The clock is ticking for Christmas and that means the final mad dash to the retail world. Parking is a pain, stores are cramped, line ups are long and patience is short. That means online shopping becomes the preferred choice for many (just make sure your purchases will be shipped before Santa arrives).
Topic: Your rights
November is Financial Literacy Month and here’s why you should take notice. Making the right choices now can you put on the right path to financial success and save you a lot of grief. Try and get a head start, learn how to manage your debt and make smart decisions when it comes to your money and how you spend it. It’s never too late to learn- arm yourself with the knowledge you need to take control of your finances.
With Fraud Prevention Month in full effect, we are excited to introduce a guest blogger this week to discuss what you can do to protect yourself against fraudulent activity. Our guest blogger, Jane Rooney was appointed Financial Literacy Leader in April 2014 under the instructions of the Commissioner of the Financial Consumer Agency of Canada (FCAC). Prior to this Governor-in-Council appointment, she was FCAC’S Director, Financial Literacy and Consumer Education, a role she held since 2008. Over her career Ms. Rooney has worked 20-plus years in the financial sector. Today, she shares her story on how she protected herself when there was suspicious activity on her credit card.
It’s Fraud Prevention Month (#FPM2016) and 2016 marks the 12th anniversary of the annual education and awareness campaign that encourages Canadians to recognize, reject and report fraud.
Money On Trees & FirstOntario Credit Union will be sharing resources and tips to help consumers fight fraud. A great place to start is the Competition Bureau website, where they share how consumers can recognize, reject and report fraud.
For most young adults these days – Netflix seems to be the “go-to choice” for television entertainment. It’s affordable and entertaining. In fact, we recently wrote a blog about Netflix’s advantage for alternative TV. However, things have changed somewhat in the last few weeks. According to the Financial Post, the Canadian Radio-television and Telecommunications Commission (CRTC) announced the next stage in the evolution of Canada’s cable and television industry. The CRTC has required pick-and-pay TV channels and basic packages with a $25 cap from cable providers.
What this means is that TV is about to give the consumer more “choice and affordability” beginning March 2016. In a previous blog, I mentioned that being a first-time home-buyer gives me little discretionary income to spend on luxuries like $80 satellite and cable. Expensive bundles can really add up!
It’s still March! Which means it’s still Fraud Prevention Month here in Canada. I recently saw a report by Global News that talked about the top ten scams to watch out for this month. Scams can come in all sorts of forms, so be on the look out to make sure you don’t become a victim this year. Equifax Canada suggests fraud accounts for 54 per cent of all cybercrimes reported to police, citing Statistics Canada data. Plus, Equifax reports that fraud-related crime costs Canada between $15-billion and $30-billion annually.
The following ten scams are believed to be the most pervasive of them all over the last year, according to the Better Business Bureau (BBB). So be sure to keep a close eye on these scams in particular.