Jul 30

Credit Card Phishing Scams

What Is Phishing? All new technologies come with their drawbacks and it is no different with credit cards. One of these drawbacks goes by the name of Phishing. When a person uses a fraudulent email or online shopping site to get hold of information about your credit card or bank, it is called phishing.

Phishing is easy which is why it is so popular with thieves. In the first instance, it begins with a cleverly phrased email that seems to come from your credit card company or your bank. It usually asks you to provide confidential details for verification. It may also threaten to close your account unless you give the necessary information. Another popular method is to set up fake shopping websites that only accept online credit card payment. You will never get the goods that were displayed. If you comply in either instance, you will end up with a highly inflated credit card bill and a sadly depleted bank account statement.

How To Protect Yourself From Phishing?

The best way to protect your credit card from phishing is to reveal information only after cross checking. Often, all you need to do is contact the concerned bank or company and confirm the email. A detailed scrutiny of the email before dashing off a reply also helps. Such emails usually do not have a salutation like ‘Dear Customer.’ The name of your Credit Card Company or bank will also be spelt incorrectly. Since anti-phishing scanners search text messages, phishers may enclose the message as an image. If your credit card requests are contained in an image, be doubtful.

In case of online shopping sites, beat the tricksters at their own game. For a first time purchase, use a credit card that is about to expire and has minimum

Jul 30

Tips On How To Open A Bpi Bank Account

Bank of the Philippine Islands (BPI) is one of the most established banks in the Philippines. Recently, it was awarded by Finance Asia, a prestigious finance publication and magazine in Asia and the Pacific as the best cash management bank in the Philippines. Finance Asia also recognized BPI as the best trade finance bank in the country.

BPI has two subsidiary banks – BPI Family Savings Bank and BPI Direct. BPI Bank deals primarily on corporate accounts like salary account of employees. BPI Family Savings Bank is focused on individual savings accounts or for individual person who may not be an employee. While BPI Direct serves primarily on mobile, telephone and online banking.

In opening a BPI bank account, you can adhere to procedures given below and ready all requirements before going to the bank. It will be fast and easy to open a new bank account when you bring all the needed requirements so do not forget to bring it all.

1. Make sure you have all the requirements for opening a new bank account like two valid ID, billing statements, two 1×1 photo ID, and money for initial deposit.

2. Select the branch you want to open a new account. Choose the branch near your work or house so that it will be very easy and convenient for you to go whenever problem arises regarding your bank account.

3. Upon entering the bank, proceed to New Account Desk. Tell the bank officer you want to open a savings account and then fill-up all forms that will be given to you.

4. Pass all the requirements, application forms and initial deposit for your new bank account. This is the minimum initial deposit for BPI, P3,000 and P10,000 for ATM and passbook account.

5. Get your passbook or ATM card which will be normally available after 4-5

Jul 30

Personal Finance Tips Anyone Can Use

Is a feeling of financial powerlessness driving you crazy? Many people feel this way, but your finances do not have to be frustrating, as long as you are open minded. This article will give you some suggestions on how to manage your finances.

Take the time to mull over your feelings towards money. You are not going to be able to improve your overall personal financial situation until you understand different choices you’ve made about money. Make a good list of what you believe about material possessions and money, and think about what has triggered that from your past. This can help you feel more comfortable in your monetary decisions.ns.

In these volatile times, spreading your savings around into multiple areas is a good idea. A savings account, check account, high interest account and stocks will help you make the most of your cash. Use these ideas to safeguard your money.

Take a lesson from previous financial failures. If you were buried under a mountain of consumer debt, let it be a lesson about how pointless it is to get into such debt in the first place. If you have been making less that what you deserve, use that as an incentive to try and get more money from your next job. With personal finance, any lesson is a valuable one. Make sure to learn from your lessons, so you will not be in a poor financial situation in time to come.

Don’t keep buying things that promise quick money. Internet marketers tend to fall for these schemes. Take the time and money to improve your knowledge, but spend even more of your time working to improve your business.

Depositing money into a savings account on a regular basis is one step toward financial stability. Having enough savings on hand means you won’t have to

Jul 27

Top Banks In Egypt

Egypt’s transformation into one of the emerging economic powerhouses of the twenty-first century has been powered by a combination of smart, reformist economic policies and the hard work and innovation of the private sector. To business leaders here, success is about more than just profits.

Egypt needs to create over 700,000 new jobs every single year, which will require average economic growth of 7% per annum,” says Hassan Abdalla, vice chairman and managing director of Arab African International Bank (AAIB), one of the nation’s leading private-sector financial institutions.

iven the depth of the Egyptian market, he stresses the need to broaden the financial system beyond banking to include other forms of financing such as private equity funds, consumer finance companies, especially mortgage finance, leasing and venture capital. Empowering SMEs is another crucial area for invigorating the financial system. To a considerable extent, these developments are in the process, but they need to have the proper regulations to have them work effectively. This is perceived as increasingly the role to be played by the private sector and NGOs with the government role tilting towards becoming the regulator.

Arab African International Bank is well-equipped to lead change in the Egyptian financial market. Abdalla is the CEO who leveraged the bank to become a forerunner in the Egyptian market in a record time. A visionary banker with a piercing insight partly attributed to his long experience in international financial markets in Europe and the U.S, a deep feel of the potentials of the local market and the inherent competitiveness of AAIB. “It is our deep knowledge of the market, our ability to move fast, our ability to face less risk in innovative ways, and to serve our clients with deep understanding of their needs”, he says.

Established as the first private sector bank in Egypt in 1964,

Jul 24

Making Bank The Personal Finance Lessons They Never Taught Us in School

Making Bank: The Personal Finance Lessons They Never Taught Us in School, Claudio M. Ghipsmann, 2010, ISBN 9781934454398

This book attempts to distill a subject like personal-finance into small, easy to read pieces. The author speaks as someone who learned personal-finance the hard way.

The first thing a person should do is to purchase, or free download, some sort of money management software like QuickBooks. Get in the habit of entering all of your income, and all of your expenses. After that is done, you can start printing reports, like a Balance Sheet and Profit and Loss, which will show you exactly where your money is going. Each month your expenses need to be less than your income. If that is not your situation, the sooner you start changing things, the better.

If you are thinking of getting into the investment world, have extra cash on hand, and pay off your credit cards first. Decide on your level of acceptable risk. Are you more interested in safe, conservative investments, or in high risk investments that could go through the roof, or crash and burn? There are, seemingly, 1 million places to invest, so research is needed ahead of time.

Paying off your credit cards, by itself, is a good way to put money in your pocket. Imagine a card with 20% interest, and you are carrying a $2000 balance. You are giving the credit card company $400 a year, for no reason. Pay off the card and that $400 will go in your pocket. Banks are getting rich on the everyday mistakes of their depositors. Use only your bank’s ATM, and you will save that one or two dollar fee each time. Sign up for online access to your bank account, and check it often. When

Jul 23

Finances And Stress – How Are You Feeling

Let’s face it- finances can be very stressful. The APA (American Psychological Association) reports that American worry most about the economy, their job, and having enough money set aside in savings. A job loss, car breakdown, or overall change in financial status can really have an impact on our emotions and can be the cause of many sleepless nights and stressful days due to worrying.

The good news is that stress that comes from worrying about money can actually be turned into something positive if dealt with in the right way. This is done by channeling our emotions in the right way and taking practical steps in the ways we deal with our finances. When a financial crisis arises, how you deal with it will have a huge impact on how it makes you feel and the amount of stress it causes you.

In the case of a lost job, it’s important to not get discouraged. That may sound easy but be hard for many people but the bottom line is, it’s not going to help you to be negative about your circumstances. Instead, reach out to the people in your life in an effort to get some emotional and possible financial support. Talking about your feelings will help alleviate the stress you feel and give you a more positive outlook on your situation.

Sit down and look at your budget, crunch the numbers, and figure out where you can cut monthly costs until you find a new job. Track your expenses for at least a month and decide where you need to make cuts and changes to your budget. Be honest with yourself and your family about which expenses are “wants” and which are “needs”.

If and when your car breaks down, consider your options for getting it fixed. Do you have a

Jul 22

Starting Emergency Funds – Personal Finance Basics

In my earlier post, I wrote about the importance of creating an emergency fund. Today, we’ll go through some of the quick tips I give many of my consulting clients when I teach them personal finance basics regarding starting an emergency fund. In this post I will discuss budgeting, goal setting, and automating your emergency fund.

Budgeting – The first step in creating your emergency fund is to create a well thought out budget that not just give you an idea of where you are with your finances, but lets you know how much money you’ll be allocating towards your budget. Budgeting is the most simple of lessons in personal finance basics and when you make a good one, you will discover areas you can cut back so you can put it towards your emergency fund or for different financial goals. You can look around google for many budget tools, or look at our resource link to our budget spreadsheet.

Goal Setting – Learning from other financial experts is a hobby of mine as a financial consultant. I do this to be certain I’m lending the best possible advice I can to my clients. All experts who teach personal finance basics (like how much money should be in an emergency fund), suggest 3 to six months income. I recommend a three-tiered goal setting system. Create a easy to achieve goal of $1,000. Because you’ll hit it quickly, you’ll be excited and more motivated to reach the bigger goals. The next goals are an middle range goal and finally, your big goal of 3 to 6 of net income.

Automating – An important step in the budget is to figure out how much money each month will go towards your emergency fund. Let’s pretend you can afford a monthly budget of

Jul 21

Creating A Personal Finance Spreadsheet

One of the biggest challenges we face as adults is balancing a budget. Creating a personal finance spreadsheet can be one of the most valuable steps you can take to tackling this challenge head on. Even if you start with a simple format and a few details you can be well on your way to financial organization which can lead to financial security in the long run.
There are different methods for creating a personal finance spreadsheet and the decision on which to choose depends greatly on your personality in general. Many people like to keep record in a computer program like Excel. This is a wonderful way to stay organized while making a sound personal financial spreadsheet that is professional grade quality.
The Excel program is great because it allows you to work from a clean template. You have control of the input and you can cater your personal financial spreadsheet to your needs. Many of us have no idea how to use this program but it really takes just a few minutes to master and the results are great.
You can also use a program like Quicken to create a personal finance spreadsheet. This kind of program comes highly recommended for any individual who is serious about keeping track of all of his incoming and outgoing funds. The personal finance spreadsheet that you can produce from a program like Quicken will put your accountant to shame.
Many of us love the idea of keeping strict records of our spending habits and we really like the idea of a sound budget. However, we dont like to work on the computer any more than we have to. If you spend all day at work at the monitor the last thing you want to do is go

Jul 20

Why Apply for a Credit Card Consolidation Loan

If you own a lot of credit cards, then you have probably experienced times when, for one reason or another, you have struggled to make a payment, let alone make the minimum payment.

Now, your reasons for this may be many; you were changing jobs so you had to wait for your probationary period to end before your first payday, or, as is becoming more the case nowadays, you have had your working hours cut and are currently working a shortened week at work or, your overtime that you depend upon is no longer available.

It’s irrespective, whatever the reason there are certain steps you can take to ensure this problem is a thing of the past and doesn’t give you the potential problem of black marks against your credit history.

The best and most used method, especially if you have a lot of credit cards, is to apply for a credit card consolidation loan. This loan will not only get all your credit cards switched onto a single loan repayment at a lower rate, it will also simplify the payment of your credit card bills, especially if you dispose of your cards altogether, which I’m not suggesting, as they are very useful items to have sometimes, should you get into a sticky financial corner and when used correctly.

Although a credit card consolidation loan is targeting your credit cards as such, they can be used to consolidate all of your debt into one manageable loan. Before you consider looking into a Credit Card Consolidation Loan though, you should consider looking into ways of eliminating your debt altogether.

Sure it’s not something you can do overnight, unless you pick the winning lottery numbers that is, but it is something you can achieve in as little

Jul 20

Abn Amro Prepaid Credit Cards

There are various kinds of credit cards available in the market at present. Prepaid credit cards are getting more and more popular now days. However, many people do not have any knowledge about prepaid credit cards. A prepaid credit card is allotted to a customer by a bank when he deposits a certain amount of money in his prepaid credit card account. An individual can use this card at all the place where he can use a normal credit card. However, in case of these cards, one cannot spend more money than he has in his credit card account.

It means that these cards have no risk of spending more than what you have. These cards work on the same principle, on which debit cards works. As you can spend only that much money which is deposited in to your account, there is nothing like interest charges associated with these cards. There are a number of banks available in the markets, which are offering such cards to their customers.

ABN AMRO bank is famous for offering various types of credit cards to a large number of customers. It offers credit cards to its customers according to their requirements and profile. ABN AMRO credit cards can be used at a large number of places. The prepaid credit cards offered by this bank are used by various people. These cards offer a lot of benefits to the customers. For instance, parents can give these cards to their children. Most of the parents hesitate to give regular credit cards to their children because they may spend a lot of amount through them. The procedure for getting an ABN AMRO prepaid credit card is very simple. You just need to contact your nearby branch of ABN AMRO Bank and after the completion of

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