Mistakes You Could Be Making with Your Credit Card

by Aja McClanahan, September 27, 2018 in Credit & Debt

Credit cards can have many practical uses. You might be using credit cards to maximize rewards or simply to have convenient access to borrowed funds. The reasons to have and use a credit card can vary, but everyone should follow some basic rules when it comes to using a credit card efficiently.

If you misuse your credit cards, it could affect your credit score and overall financial health. Let’s take a look at the common mistakes many people make with credit cards so you can avoid making them yourself!

Paying the Minimum Payment

Your goal might simply be to preserve your credit score, so perhaps you just pay the minimum on time and as agreed. Meanwhile, interest racks up and compounds on your balance and you go into debt.

Paying interest on borrowed money can be a necessary evil, but it’s not ideal. Credit card interest is often the highest out there. Aim to pay off your credit card, in full, each month so that you can use your hard-earned money to save, invest or pay down debt.

You should also be aware that having a high balance on your credit card could affect your credit utilization ratio and negatively impact your credit score.

Not Paying Attention to Your Billing Statements

One of the great things about using a credit card is that the monthly statement gives you a way to review your spending each month. Use this to your advantage!

Take the opportunity to review all the charges you made during the month. If something doesn’t look familiar, investigate and dispute unauthorized charges as needed.

You may be paying for errors and getting overcharged in ways you’re not even aware of. Taking a few minutes each month to double check your bill to avoid fraudulent charges, unused subscriptions or overpayments is a good use of time. This will only save you more money in the long run.

Getting Too Close to the Maximum Spending Limit on Your Card

When you spend the maximum or even get close to the limit of your credit card, you’re affecting your credit utilization ratio. It may seem harmless because you don’t actually hit your limit, but your credit score can be adversely affected by a high credit utilization ratio.

There are a couple of ways to avoid this issue. The simplest one is to spend less on your credit card. It may be easier said than done, but hopefully, you have other methods of spending besides your credit cards.

Another way to avoid getting too close to your limit, is by getting approved for a higher limit on your card. The key is to not increase your spending as your credit limit increases.

You can also just leave unused credit cards open in order to keep your total available credit limit higher. Another way to maintain a good credit utilization ratio is to pay your balance off each month (early, if possible). Most credit card issuers submit your balance to credit bureaus once a month. They submit the balance of your account at the time of reporting. If you pay your card balance off earlier, then the credit card issuer will report a lower amount than your actual spending for the month.

Making Late Payments

When you pay any of your bills late, you’re penalized. A late credit card payment is not any different. Not only can you incur late fees by your card issuers, your credit score can be affected.

Even just one or two missed payments can create a ding in your credit report. The blemishes on your record can lead to a decrease in your credit score. The simple solution is to make your payments on time. It may help to put payments on autopay so you can set it and forget it in time each month.

Closing Credit Cards

Many of us have unused credit cards that take up space in our wallets. While it would be convenient to close the accounts and get rid of the cards, it would likely negatively affect your credit score.

The unused cards still have credit limits, even when you’re not actively using them. These unused cards add to your total spending limit, which can lead to a lower utilization ratio. Your credit score is positively impacted by a lower utilization ratio, so it could be worth it to keep these “inactive” cards open.

The only exception is when you’re paying a high annual fee. If you cannot justify the annual fee with great benefits like rewards or perks, it may be best to close the card. Your credit score may dip temporarily, but it should recover as you continue to practice good credit habits over the long term.

Tips to Secure Your Information Online

by Kevin Graham, October 8, 2018 in Wellness

This is certainly up for debate, but an argument could be made that the internet is perhaps the greatest invention of mankind since electricity. We are able to connect to friends and family, find information at the touch of a button and order pizza with a click or even your fingerprint.

However, when you’re surfing the information superhighway, it’s important to be safe. Everything I’ve just described involves a certain amount of your personal information. You don’t want someone getting grandma’s top-secret cookie recipe, finding out what health conditions you have by looking at your Google searches or getting your credit card number when you order a large supreme.

While all of these things could happen if you’re not careful, it’s no reason to turn off your computer and smash it to bits before going to live in a homemade bunker under 6 feet of cement. The internet is too great a utility for that. What we can do is practice a few safe browsing habits.

For the last 15 years, October has been celebrated as National Cybersecurity Awareness Month. Let’s take a look at some ways to protect yourself online.

Keep Computers and Devices Up-To-Date

The biggest thing you can do to protect against flaws in operating systems for computers and mobile devices is to run the latest updates you can when they come out. Apple, Microsoft, Google and other device manufacturers put feature upgrades in these updates, but they also take the opportunity to push important security patches to you.

Criminal hackers then analyze these updates to figure out what the software engineers fixed and work to exploit the flaws in unpatched systems, so it’s crucial to install updates as soon as you get them, especially if they’re labeled as having a security focus.

If you have an older device that can’t be updated to the absolute latest version of the operating system, make sure you’re on the latest version your device can run. You should be able to check for updates within your device settings (often under the general, about or help menus.) If you’re unsure where to check for updates, Google your computer or device. If automatic updates are an option, it’s a good idea to turn them on.

Even if you’re on an older device, check for updates periodically. When features aren’t being updated, sometimes you’ll still get security patches for a period of time beyond when you would receive feature upgrades. Sometimes manufacturers will also release patches for unsupported, older devices if the flaw is considered very serious as well.

Account Security

There are three great ways to make sure your account is secure: biometrics, long and strong passwords and two-factor authentication. Let’s briefly go over these.

Biometrics

Whenever possible, if your device offers biometric authentication, take advantage of it. Biometric authentication relies on a person’s characteristics to verify who they are. Someone would generally have to go to great lengths to get a copy of your fingerprint and transfer it to a medium that will mimic skin enough in terms of heat and texture to fool your phone or computer. These scanners have come a long way. The same applies to facial or iris recognition systems.

It may have once been possible to form these things with a picture, but now device manufacturers like Apple and others are taking advantage of faster processors and a variety of sensor and light techniques in order to get an accurate map of your face in seconds.

Strong Passwords

Having a biometric option available to you will make it easier to have a long, strong password to get into your computer or phone if you only need to type it in every once in a while. Passwords that are 12 characters or higher are harder to crack because it takes longer for even supercomputers to brute force those. Also, you should try to use passwords that you’re going to remember, but that aren’t based on words in the dictionary. It’s pretty well established that “Monkey123” isn’t a great password, but “Chimpanzee123” isn’t much better.

You should also try to use passwords with numbers, symbols and a combination of upper and lowercase letters. If you’re in a work environment where you have to change passwords often, but you want to be able to remember them, it helps to come up with a strategy.

You’ll find one that works for you, but here’s an example that works for me. Just in case you were wondering, I won’t be using an actual password. But this will give you a flavor for something you might try. I happen to be a big Beatles fan.

So, a long but memorable passphrase might be something like:

Beatles+yellow-Strawberry

I used my favorite band and references to a couple of their big songs. If I wanted to get a numeral in there, I might replace the S with a 5.

Passwords should also be unique, so that if one is compromised, not all of your accounts are accessible.  Will all of these unique passwords, things could get obnoxious. I recommend using a password manager like LastPass or 1Password.

The way these password managers work is that you remember one strong password that serves as your master password to get into your password vault. From then on, every time you log into a site, it will save the passwords for you. Better yet, because you don’t have to remember the logins, you can have it generate a longer password (say between 16 – 64 characters depending on what the site allows) that is complete random gobbledygook. Then reset your password. This really protects you against brute force attacks.

This article has more information on creating strong passwords.

Two-Factor Authentication

Another excellent way to protect the security of your account is to use two-factor authentication to protect yourself in case your password gets out. When you do this, there’s a two-step process to get into your accounts. Let’s break it down.

The first factor is something you know (e.g. password) or something you are (biometric identification such as face or fingerprint scan). After you’ve given the first factor, there’s a second step that takes place.

The second factor is based on something you have, so typically a phone or tablet device. If you have a mobile app for that particular website, you often get a push notification asking you to confirm login through that app.

Alternatively, there are two-factor authenticator apps like Google Authenticator and Duo Mobile. When you go through the process of setting up two-factor on websites, there will be a QR code (those funny-looking things that look like new age barcodes). You open your two-factor app of choice and scan this with your phone or tablet camera. From then on, it will generate a new random numerical string every 30 to 60 seconds. When you log into websites, you’ll be asked to supply this code.

Another way to get codes on your phone is via text message or even phone call. This works if the website you’re logging into offers no other option, but you should always use apps to log in when it’s available. If someone were to call up and socially engineer the cell phone company to send your text messages or calls to a different SIM card, you would be in trouble.

If you don’t want to enter a code on your phone all the time, a physical device that you simply have in your possession can also work. Consider a YubiKey.

Look for HTTPS

When you provide your credit or debit card information to sites or even simply put in your password, make sure that your information is being passed through in a secure manner. How do you know that?

Different browsers may have slightly different icons, but there will be a green padlock on the left-hand side of the address bar with a green “https” as opposed to the regular “http.” The S stands for secure. You may also see the word secure in the address bar. If you click on this icon, you can get more info on the security certificate itself, who it was issued to and how long it’s good for.

Modern browsers are doing a really good job of clearly marking when sites are not secure and, in many cases, it won’t even let you go to a page with an expired security certificate unless you explicitly allow it, but you should still check for the “https” just in case.

Watch Out for Scams

There are things you can do to protect yourself from being compromised on the net. Here are a couple of tips to help you remain vigilant.

Don’t Fall for Phishing

Be really careful what you click in emails and on the web. A good rule is that if you didn’t ask for it and you don’t recognize it, it’s probably not real. Occasionally, a site will reach out to you and ask you to change your password if they’ve been breached. To check the veracity of these emails, follow these steps.

1. You’re looking for email addresses that are slightly mistyped in order to mislead (e.g. Mark@Faceboook.com).
2. Very generic terminology in the email (just talking about your account without giving any identifying details such as the last four digits or having “Dear Sir/Madam,” etc.).
3. Similarly, if you notice terminology that’s different from the way the business or brand normally talks, that’s a red flag. If the company normally says team members and you see employees, that would be worrisome.
4. Spelling mistakes are a problem.
5. If the email displays a sense of urgency and says to input your password or anything else in the next 24 hours, look up the company’s customer service line and call to see if there’s an actual problem with your account. People who phish for personal details are hoping you’ll act without thinking in a moment of worry.
6. If you are suspicious of any email asking you to log in, it’s best to call a customer service number and verify.
7. Check the links in an email by hovering over the link to see what pages it actually takes you to. Avoid destinations that don’t seem right.
8. If the email has an attachment, that can be a way to get viruses and other nasty things onto your computer. You shouldn’t download attachments you don’t expect.
9. If anything in the mail sounds too good to be true, it probably is.

Be Careful What You Click On

Going along with what’s above, you should also be careful what you click or tap on web pages and in email. If it doesn’t make sense, or is too good to be true, don’t click.

Let’s run through a couple of common schemes.

• If you get a pop-up on a website that says you have a virus that they can remove from your computer if you only pay $50, don’t click. You likely don’t have anything if you run even the built-in security software in Windows on its default setting. Android, Mac and iOS also have built-in security measures of their own.
• You can also be pretty sure that you didn’t win a sweepstakes or contest that you don’t remember entering. Don’t fall for these ploys to get your personal information.

Protect Your Connection

In addition to vigilant browsing, there are actions you should take to protect your internet connection and browsing history from prying eyes.

Make Sure Your Wi-Fi Is Secure

If you’re on a wireless connection – and in this age of laptops and tablets, who isn’t? – you should make sure that your connection is secure.

The first thing you should do on your personal Wi-Fi is to change the default password for getting onto the Wi-Fi itself. That way no one can guess your password just by working on the side of the router or in the manual.

While you’re at it, you should absolutely change the default administrator password for your router so that no one can go in and mess with the settings to send your traffic through weird places. You should be able to change this in the same place you changed the password to get on the Wi-Fi itself. This is important because sometimes internet service providers (ISPs) value convenience over security to the point where someone could easily get in and mess with your settings. My ISP shall remain nameless, but I was horrified to discover that the username for the router was “admin” and the password was “password.” Yeah, not great.

Tips While Out and About

If you’re out in public, be careful logging into public Wi-Fi, especially if it’s unsecured. If there are no security measures in place, a skilled hacker can insert themselves between you and the website you’re visiting in order to snoop on what you’re doing.

In order to protect yourself, the easiest way is to use your cell phone data connection when you’re out in public. Many laptops and tablets now have the ability to connect to a data network as well. Cell phone providers often have agreements with certain services like Netflix or Spotify so that certain activities don’t count against any potential monthly data cap you may have, but most activity will count. That’s the downside. On the other hand, you’re secure.

In addition to Wi-Fi concerns, be careful using any public charging ports. Ideally, you can bring your own charger to plug into the wall. Don’t use someone else’s cable. Some cables and public charging ports can be compromised so that someone can see the data being transmitted to your phone and potentially send unwanted viruses and other malware back into your phone leaving it permanently compromised. This is called juice jacking.

Make Sure to Download Trusted Apps

You should only download apps and programs you trust because these can be used as vehicles to get viruses and programs that will spy on your activity (spyware) on your system.

On Windows or Mac, you should either download things from the Windows or Mac App Store or directly from the website of the software provider. Amazon is also a big retailer of both Windows and Mac digital downloads. If you’re looking for video games, Steam or Origin are big retailers of PC games.

On mobile, there’s the App Store on iOS and the Google Play Store or Amazon Appstore on Android. Things do occasionally slip through the cracks, but apps on these stores are somewhat vetted. If you have doubts about any particular app or program before downloading it, you should Google it and also check out the reviews.

Be Careful About Publishing Personal Information Online

If you’ve ever signed in to a website for the first time from a new computer or even called the bank about a problem with your account, they’ll do certain things to try to make sure that you’re you.

They’ll ask you security questions. Popular ones might include mother’s maiden name or father’s middle name, but it could also ask about your favorite book or your dream car.

Someone might be able to find records of your family and figure out the name questions, and if you’re like me, your obsession with Harry Potter is well-documented.

If you have accounts that you are concerned about people compromising, maybe you switch up the answers when you’re setting them up online. If you’re using a password manager like those recommended earlier, there is often a place to store secure notes. If you save the answers with the passwords, you’ll have them when you need to access the account, so maybe your mother’s maiden name is actually listed as Windows 95 or a completely random string of characters.

In addition, be careful about listing or giving out things like your phone number, address, Social Security number (SSN) and other sensitive information online. If someone needs to know, make sure you trust the person and message them directly.

Remove Data Before Donating Computers or Devices

If you have a computer or device you’re looking to donate, follow the manufacturer’s instructions to delete your data and reset it to factory settings.

The exact instructions for doing this will vary depending on your device, but you want to make sure this gets done. Manufacturers and makers of all the major operating systems will have documentation on what you need to do. If there’s anything you’re unsure about, you can always contact a friend who’s good with technology to help you out.

Our devices are lasting longer and longer, so it makes complete sense to give a device you’re no longer using to someone who will make good use of it, but you’ll just want to make sure that all of the data is cleared off to protect yourself and make sure it’s ready for the other person.

Hopefully this has helped you think about practical steps you can take to increase your level of cyber security. If you’re looking for more, it’s not a bad idea to also take a look at your backup strategy in order to make sure you have copies of that data you can’t afford to lose.

Hey, Pumpkin: Your Guide to Carving the Perfect Pumpkin

by Molly Grace, October 8, 2018 in Home Decorating

We’ve officially entered into the spookiest season of them all. With Halloween right around the corner, it’s time to start thinking about how you want to decorate your jack-o’-lantern.

Pumpkin carving is a great opportunity to decorate for Halloween while letting your personality shine through. Will you carve another creepy face this year? The classic toothy grin? Something unique that reflects your personal interests? A reference to one of your favorite shows or movies? My favorite jack-o’-lantern design I’ve ever created was the year I carved “88 mph” enclosed by two fiery streaks in homage to my favorite 1980s sci-fi movie.

Whatever design you land on, if you want the final product to look as good as you’re picturing it in your head, you need to know what goes into carving the perfect pumpkin. Here are our tips.

Pumpkin Carving: A (Spooky) History

Why do we carve pumpkins as part of our Halloween traditions? You can thank a man called Stingy Jack.

According to Irish folklore, Stingy Jack was a swindler who was known for tricking the Devil. In fact, Jack tricked the Devil so many times that when Jack died, the Devil refused to claim his soul. Unfortunately for Jack, he was such a dishonest character that he couldn’t get into heaven, either. So, the Devil sentenced Jack to an eternity of roaming the earth with nothing but a burning coal to light his way, which Jack put into a carved-out turnip. This is how he became known as “Jack of the Lantern” or “Jack O’Lantern.”

To keep Jack and other evil spirits away, people crafted their own lanterns made out of turnips and potatoes, carving scary faces into the lanterns in order to frighten the spirits.

The tradition made its way to the United States when Europeans began immigrating here, and jack-o’-lanterns found their new home in North America’s native fruit, the pumpkin.

Visit HISTORY.com for the full tale.

Picking a Proper Pumpkin

Your first step to a spook-tacular jack-o’-lantern starts with choosing the ideal pumpkin. If you want to ensure that your pumpkin stays fresh for as long as possible and is easy to carve, you need to start while you’re still at the pumpkin patch. Pick one that looks healthy, feels firm and has a flat bottom.

You’ll also want to choose a pumpkin that is even in color and doesn’t have any soft spots or significant imperfections, as these can lead to premature rotting. Your chosen pumpkin should feel sturdy and sound hollow when you knock on it.

Make sure you pick a pumpkin that is the ideal size for the design you want, as well. You’ll need ample space to carve out your design, because the more cramped the space you’re working with is, the more likely you’ll end up making mistakes when it comes to carving those smaller details.

Prepping Your Pumpkin

Figure out where you’ll be doing your carving and prep the area. If it’s still warm where you are, you might consider going outside to minimize the mess, but this can also be done in the comfort of your kitchen or dining room. Wherever you are, you’ll want a sturdy surface. To make the process a little less nightmarish and to keep your workspace as neat as possible (dried pumpkin pulp can be a fright to clean), line your sturdy surface with newspaper or something similar. If you’re worried about the liner moving during the carving process, tape it down so it can’t slide around.

Get your tools ready. You can buy pumpkin carving kits at most grocery stores this time of year that come with all the basic tools you’ll need, plus a book of pre-drawn templates you can use to trace onto your pumpkin. You could probably round up some makeshift tools by using items you already have in your home, but the tools that come in kits tend to be a little safer to use than a regular kitchen knife.

Removing a pumpkin’s guts (spooky!) can be one of the most time-consuming parts of the pumpkin-carving process. However, it doesn’t have to take forever. Here’s our favorite trick: Cut the pumpkin open from the bottom rather than the top. When you cut the hole in the bottom, the majority of the pulp comes out with it, as a lot of it is attached to the bottom. Plus, it’s way easier to light a candle and place the pumpkin on top of it than reach into the pumpkin with a lighter and risk a burn.

For Halloween traditionalists who prefer a top cut or those with small children who enjoy the process of removing the “goop,” be sure to make your cut around the stem at a 45-degree angle so the lid doesn’t fall into the pumpkin.

To make the process go faster, swap the flimsy pumpkin scraper that came with your carving kit for a big spoon or ice cream scoop. Clean out as much of the pulp as you can. You want a clean, dry interior to make your pumpkin last as long as possible. If the walls of your pumpkin are particularly thick, scrape away a little bit to make it easier to carve.

Carving a Masterpiece

Like Dr. Frankenstein, you too must create a monster.

Begin by deciding what design you want for your pumpkin. It doesn’t necessarily have to be scary or even be a face at all. People have done funny faces, popular movie or TV characters, superhero logos, animals or even simple patterns like polka dots or stars. The only limit is your imagination and your carving abilities.

If it helps you to have a guide, you can use the templates that came with your carving kit or download a free one from the internet. Tape the template on your pumpkin and use the punching tool that came with your kit to poke out the design into the skin of the pumpkin. Then, remove the template and carve along the dotted lines you created. A cookie cutter can also make a useful stencil if you’re able to find the shape you want.

If you’re having trouble finding a design, you can draw your own on a piece of paper and use that as your template. You could also draw your design directly onto the pumpkin, as long as you’re confident in your abilities (or have a marker that is easily erasable if mistakes are made). Or, if you’re truly bold, skip the template, grab your carving knife and freehand it.

When it’s time to begin the carving, cut out the big chunks first and take care of the details later. Use a smaller knife or carving saw to do the details and be careful when you’re dealing with any pieces that are thin or delicate. If you accidentally chop part of the design off, you can use a toothpick to stick it back on.

Displaying Your Creation

You want your pumpkin to be in good shape for Halloween, so you probably shouldn’t take this endeavor on too early in the season. In fact, it’s best to wait until you’re one to two weeks out from Halloween before you carve. As soon as you start carving, the clock starts ticking.

There are a lot of methods touted as ways to prolong the life of your jack-o’-lantern, such as cleaning the inside of the pumpkin with a bleach and water solution, giving it an ice bath, or just keeping it in your refrigerator when it’s not on display. However, if you’re looking to keep your pumpkin maintenance to a minimum, just rub a little bit of petroleum jelly on the cut edges to keep them from drying out.

The final step is deciding how you want to light your pumpkin. Candles are traditional, but they can be a pain. LED tea lights or glow sticks are an easy and safe alternative. Some stores also sell battery-operated lights specifically made for lighting jack-o’-lanterns.

Set your pumpkin out on your doorstep, light (or turn on) your candle and get ready for the trick-or-treaters. Happy Halloween!

Bonus: Treat Yourself to a Halloween Snack

Roasted pumpkin seeds are a delicious and healthy snack, so make the most of your pumpkin and don’t let the seeds go to waste with the rest of the pumpkin scraps from your carving session.

While you’re cleaning out the inside of your pumpkin, set aside all the seeds you come across. Once you’re done collecting seeds, run them under water and scrub with your fingers to remove any large chunks of pulp. Pat the seeds dry with a paper towel, toss the seeds in some melted butter or cooking oil, and sprinkle with salt or any other seasoning you want to use. Spread the seeds on a pan lined with foil and bake at 300 degrees Fahrenheit until golden brown and crispy. Delicious and resourceful.