Gift card scams peak during the holidays, exploiting legitimate requests. Scammers impersonate the IRS, demanding payment for fake debts or tax bills with gift cards, which the IRS does not accept. Victims should report scams to authorities and remember the IRS will never demand immediate payment or threaten arrest.
Category: Financial Literacy
Credit Card Basics for College Students
Credit can be daunting, but building it early is crucial, especially for college students. Secured cards, being an authorized user, or obtaining a basic card can help. Manage your spending responsibly, maintain low credit utilization, and pay on time to ensure that credit helps you achieve your financial goals.
Understanding Student Loan Defaults and Your Options
Starting May 5, 2025, the Department of Education will resume collections of federal benefits or payments for borrowers with defaulted student loans. Borrowers can rehabilitate or consolidate their loans to avoid federal collection actions. Learn more about the repayment options available for your loan(s) at studentaid.gov.
How to Start Your Savings Journey: 7 Key Tips
So you’ve decided that it’s time for you to get (more) serious about your finances, particularly saving. That's great! Getting started is the hardest part. We've got tips to help … Continue reading How to Start Your Savings Journey: 7 Key Tips
Plan Your Holiday Spending with Confidence
The holidays can put a financial burden even on the savviest of shoppers and savers. But taking time to plan your purchases can help you avoid the stress of overspending … Continue reading Plan Your Holiday Spending with Confidence
Tax planning doesn’t stop after you file a tax return
Just because a taxpayer filed a tax return doesn’t mean they should forget taxes until next year. What you do now may affect the tax you owe or the refund you may receive next year.
