As access to financial services becomes more technology driven, with improved security features, scammers and fraudsters are evolving just as quickly in order to take advantage of the unwary or uninformed consumer. With an estimated impact of $6 trillion by 2021 (Gemalto.com), cybercrime may not only be financially devastating – it could also devastate a...
At any point in time, a person’s income probably won’t always be enough to cover all of the expenses when there is a time of need. As a result, plan sooner, rather than later, to implement a savings strategy to begin, or increase, personal savings levels as needed so an adequate amount of funds can...
Life is full of decisions, some bigger or more impactful than others. This is fairly obvious. What’s not so obvious is that some seemingly small decisions you make as a young person – we’re talking about money decisions – can have life-changing consequences, both good and bad. To focus on the positive, here are three...
A tax refund marks a great chance to set yourself in a better position for the future. If you’re getting a windfall from the IRS, here are a dozen great ways to make sure your money continues to work for you. 1. Have a little fun! It’s ok to have some fun with your refund....
Credit is an important financial tool. Good credit allows consumers to purchase many different kinds of goods and services including some of the most expensive such as college tuition, new vehicles or even a home, without having to immediately pay cash. Over time, consumers use of credit builds consumers’ credit reputations – summarized in a...
Losing a spouse is not an easy journey. Often, grief is set aside to deal with the ongoing practical matters of everyday life and the new reality of handling household finances as an individual rather than as a couple. The good news is there are a number of resources at DuTrac to assist you. Where...
(Wednesday, June 19, 2019) – Parents teach their children many life lessons. From learning the basics of walking, speaking and eating to the more complicated lessons of using good judgement in decision making and socializing properly with others.Evaluations returned from DuTrac’s recent financial literacy fair reflected 22.5% of students thought core financial literacy skills should be taught...
It’s mid-summer and almost back-to-school time – translating into hundreds of dollars in added expenses for families as they purchase clothing and supplies for their children to begin the new school year. Worse yet, spending for school supplies, if not carefully planned for and budgeted, can add up all too quickly… in what may seem...
If you are not living on campus, you probably have some household bills to pay. Even if you are living on campus now, you will have these kinds of bills to pay in the future: Rent. Being a good tenant today can help you rent another place in the future. Most landlords research potential applicants with...
By carefully managing your money, tracking personal finances and familiarizing yourself with your financial institution’s policies, you can avoid paying unnecessary fees. Take adequate time to ask questions and understand how much any institution will charge you to access your money. The money you save could mean the difference between an overdraft charge and a...
