8 Ways Online Retailers Push Us To Overspend

Overspending during the holidays is easy…and even easier when online retailers deploy every tactic to get your attention. Here are 8 ways online retailers push us to overspend.

Infographic listing 8 ways online retailers push you to overspend online

1. They offer free shipping… with a minimum purchase.
When retailers offer to sponsor shipping costs if you spend $50, they lure you into spending more.

2.  They make it super-easy to check out.
Websites make their checkout process ridiculously easy to keep you from overthinking your purchases and opting out. read more

CASH TRANSFER AND PAYMENT APPS

When used responsibly between peers, payment and cash transfer apps can be a very convenient way for friends to share expenses or pay back borrowed funds, but exercise caution before hitting “send.” Catch our latest blog post for more on Peer-to-Peer (P2P) payment systems. #membersfirstga #paymentapps #p2p #peertopeerpayments

Protect Yourself from Identity Theft

Image of man accessing confidnetial info. Protect Yourself from Identity Theft

Identity theft is one of the most nefarious crimes out there. Here are seven ways to help protect yourself: 

Secure Your Hard Copies 

Every sensitive document should be kept in a safe or scanned and saved in a secure folder. Credit cards and debit cards should be securely placed in your wallet at all times. 

Bonus Tip:  Shred all aged documents that contain sensitive information.

Examine Your Financial Statements read more

5 Cringe-Worthy Credit Mistakes

Man cringing over credit card mistakes

You don’t need a special news alert to know…

…we’re all human.

Being human means we’re all bound to make a mistake or two when it comes to making credit decisions. Here are 5 of the most common credit card mistakes. See how many you’ve evaded.

Applying for every credit card under the sun (and being approved). Having a little buying power is great, but too much power can lead to a mountain of available credit and plenty of potential to begin mounting debt. This looks risky to a lender. Stick with one or two and be sure they’re the best card you can carry.

Misplacing your magnifying glass—you really do need to read the fine print. Within that tiny print lies the answer to whether you’ll be paying more to have that credit card in your wallet and how long. Do your homework–there are plenty of companies out there with annual fees, short introductory rate periods, difficult repayment terms, fees to transfer balances and more.

How does your card rate? Low, we hope. When applying for a credit card, you probably didn’t opt to be tied for life to its balance. Not shopping for the best rate can mean paying down a balance for much longer than you might realize. Save yourself some time, money and stress and search for the best rate you can get. The lower the rate, the faster the balance will be paid off.

Don’t listen to mom—less isn’t always more. When it comes to paying off high-interest credit cards, making the minimum payments may seem innocent enough, but it leads to bloated balances. To keep balances low and easy to maintain, don’t charge more than you can pay off within a month or two and be sure to make more than the minimum payment. Your future self will thank you.

Fashionably late or just bad credit karma? read more