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What’s the Best Way to Pay for Holiday Shopping?

Q: Holiday shopping season is here, but I can’t pay for it all! What’s the best way to fund my holiday shopping?

A: When it comes to covering the cost of your holiday shopping, you have several choices. Let’s take a look at some options and explore the pros and cons of each so you can make an informed decision.

Credit cards

For many shoppers, the most obvious way to pay for a purchase you can’t cover now is with a credit card.

Pros:

Significant purchase protection.
Convenient payment method.

Cons:

Interest charges for unpaid bills can be very high.
You may be paying off these bills for months or years.
Extended debt can hurt your credit score.
You may be more tempted to (or unknowingly) overspend.

Savings

Dipping into savings to pay for your holiday purchases can free you from sky-high interest charges but comes with drawbacks.

Pros:

You’ll enjoy a debt-free holiday season.
No incurred interest charges.

Cons:

Depleting the savings that’s meant for emergencies can leave you up a creek later.
You’re losing the money your savings may have earned had it been invested or saved longer.

Unsecured/holiday loan

An unsecured loan, also known as a personal loan or holiday loan, is a loan that’s taken out with no collateral.

Pros:

You’ll secure quick funding.
Low interest rates compared to credit cards.
You can stretch the repayment over a longer term for smaller monthly payments.

Cons:

You’ll need to pay the full monthly payment when it’s due.
You may be hit with a fee if you pay off the loan early.
Missed and late payments can hurt your credit score.

Check out our Holiday Loan Special!

Holiday club account

When you open a holiday club account , you’ll make regular contributions toward your set goal throughout the year, and then have funds you’ll need for covering your holiday purchases when the season arrives.

Pros:

Holiday costs get more manageable when spread across the year.
Favorable dividend rates.
Prevents overspending and accumulating new debt.

Cons:

Funds in the account cannot be accessed until the goal (or preset date) is reached. Tying up savings can be irresponsible for those who do not have an emergency fund.

Use this guide to make an informed choice about paying for your holiday shopping.

Don’t Get Caught in a Utility Scam!

Knock, knock! It’s your energy company, here with the bad news that your bill is overdue, so we’re shutting off your electricity unless you pay up right now.

Sounds like a nightmare, right? Well, it’s going to get worse: this is a scam. Pay the visitor at your door, and you’ve just paid a scammer.

It’s happening a lot more lately. So, here’s what you need to know about these scams and how to keep the lights on without falling victim.

How the scam plays out

In a utility scam, a target receives a phone call, email, text message or even an in-person visit from an alleged representative of their gas, water or electric company. This “rep” will claim to be collecting a past due account that’s pending shutoff unless payment is made immediately. They’ll often ask for the payment to be made via wire or through a prepaid gift card. Unfortunately, any money paid will go directly to the scammer, and not to the utility entity they claim to represent.

What to do if you’re targeted

Do not engage with the caller or visitor. If the alleged rep sent you an email or text message, mark it as spam, block the address and do not respond. You can also call the company the scammer claimed to represent to confirm that your account is not pending shut off.

Red flags

Watch out for these red flags which can help you avoid a utility scam:

A demand for immediate payment with no prior warning. Authentic company reps will always give you ample warning, in writing, before enacting a shutoff.
Pressured to act quickly. Scammers want you to act now and think later.
The “representative” cannot provide details about your account or a means to verify their identity.
They request a specific form of payment. Prepaid card requests are almost always a huge red flag in any scenario.

Stay safe

To avoid utility and similar scams, follow these precautionary measures:

Never wire money or send a prepaid gift card to an unverified contact.
Keep the security on your devices at its strongest and updated settings.
Update your spam list often.
Never share your personally identifiable information with an unverified contact.

Utility scams pose a real threat to your financial security. Follow these tips to stay safe!

10 Hacks for a Stress-Free Thanksgiving That Doesn’t Break the Bank

Hosting a Thanksgiving dinner is an enjoyable, rewarding experience, but it can also be a bit much for many of us. The expenses can be sky-high, the to-do list seems endless and the dinner itself can be a harried and breathless affair that puts a damper on any holiday cheer.

Here’s the good news: It doesn’t have to be this way. Consider these 10 hosting hacks to help you enjoy a calm and stress-free Thanksgiving that doesn’t break the budget.

Start planning early

Instead of waiting for the overwhelm to hit a week before Thanksgiving, start planning now. Look through your favorite recipe blogs, food magazines and cookbooks to compile a list of dishes you want to serve. Reach out to friends and family who are joining you for Thanksgiving dinner and inquire about what, if any, dishes they plan to bring. At this time, you can also ask about any dietary restrictions any of your guests may have.

Next, make a detailed menu and start listing the ingredients you’ll need to purchase. You can also jot down any other purchases you’ll need to make, such as decor items and serving dishes. Aside from making your prep easier, planning your menu and purchases early will help you make more responsible money choices as you shop.

Create a detailed schedule

Next, start scheduling the tasks you’ve just listed into your weekly and daily schedules. For example, a few weeks before Turkey Day, you can shop for drinks and any dry and frozen ingredients. You can do all the baking two weeks before the big day, prep your marinades, sauces and salad dressings a week before, the appetizer and sides a few days prior to Thanksgiving, and finally, the entrees on Thanksgiving Day. You may want to write everything down on a calendar so you can get a clear snapshot of what you need to do each day with just one glance.

Of course, if you prefer to marathon-cook for seven hours straight on the day before Thanksgiving, that can work, too. Just make sure you’ve taken care of all the other to-dos, such as shopping and planning the decor, well in advance.

Consider a buffet

If you hate missing all the best parts of the conversation at the Thanksgiving table because you’re busy in the kitchen, you may want to consider a buffet-style meal. While it’s definitely a departure from the traditional sit-down dinner, a serve-yourself meal can be a great way to make things easier for you. You can also get away with offering fewer dishes when it’s all served at one time instead of a formal meal with staggered courses.

Delegate

If no one’s offered to help you cook, don’t be afraid to assign small jobs to your guests so they can be part of the prep. It doesn’t have to be anything too time-consuming on their part, but for you, just knowing that Cousin Jen is bringing the mashed potatoes and your mom will bring her famous pecan pie for dessert means two menu items off your head.

Set up a kids’ corner

If you’re hosting families with children, create a kid-friendly area with games, coloring books and activities to keep the little ones engaged. This way, parents can enjoy the meal without worrying about bored and restless kids. You can also offer kid-friendly menu options like fries and chicken nuggets to keep guests of all ages happy and well-fed.

Use disposable dishes

Are you ready for a super-quick clean up when the party’s over? With today’s robust dinnerware options, you can have your convenience without compromising on your conscience. There are so many eco-friendly disposable options, from compostable cutlery to bamboo plates and so much more.

Set up a self-serve drink station

Create a self-serve drink station with a variety of beverages to cater to different preferences. Include water, non-alcoholic options and a signature Thanksgiving cocktail to keep things festive. This encourages guests to help themselves, freeing you up to focus on other aspects of hosting.

Keep the centerpiece simple

With so much going on at the table, there’s no need to overthink the centerpiece. A simple wooden board filled with seasonal gourds will add that festive touch to the table without breaking the budget. Add some pillar candles from a dollar store to complete the look.

Cook two small turkeys

If you’re hosting a crowd, consider cooking two small birds instead of one large one. You’ll save on defrosting time, freezer space and the stress of choosing the perfect recipe. You may even save money on your entree by splitting it into two with this hack.

If it’s stressing you out, let it go

The best part about being the host is that no one has to know what you’d planned to serve. So if you’re finding that one dish is stressing you out and will cost more than it’s worth at your table, just let it go. Leave it out, and no one will know the difference.

Despite what personal experience may tell you, Thanksgiving does not have to be stressful or expensive. Use these hacks for a stress-free Thanksgiving holiday.

Beware of Mobile App Scams

In today’s digital world there’s an app for practically everything; the weather, mobile banking, socializing, games, entertainment… the list goes on. There are millions of downloadable apps for your phone and electronic devices. With all these convenient apps, there’s more ways for fraudsters to take advantage of innocent mobile app users. Unfortunately, mobile app fraud can come in numerous forms and is not always easy to identify. Here’s some things to look out for:

Fake apps: These apps are made to look like the real apps that the user is intending to download. Also called Malware apps, these apps make it hard to know whether you are downloading a real one or not. Here’s how to spot a fake mobile app:
- Reviews/Downloads. If the app has few downloads and short/vague reviews, chances are it’s a scam. A reputable app will have lots of downloads and descriptive reviews.
- Research. Look into the app developer. See what other apps their company has created and if they’re reputable.
- Details. Make sure the images look professional, no misspellings, different fonts, or anything else that may seem off. A true app developer will also have a description and instructions/features of the app.
- Signs you may have downloaded a fake app; strange messages, battery drainage, random pop-ups, and spikes in data usage

Vishing (Voice Phishing): Voice Phishing is when a scammer calls or leaves voice messages pretending to be from a reputable company or agency. They will attempt to illicit an action such as downloading a malicious application or request personal information such as a credit card number to defraud that person or company. Vishing makes the user believe they are talking to someone or a company they trust. Often Vishing will be done in conjunction with caller ID Spoofing. If you are being asked to download an application or for credit card information from an inbound call, it is best to verify the caller. Validate the phone number by performing a call back to that number. It’s also best to call the number on the back of your bank card if you’ve received a voicemail from a number you don’t know. Be cautious of anyone that wants sensitive information.

Remote Access Scams: This last scam tends to use both fake apps and vishing/phishing to mislead the victims. Remote access scams are when scammers impersonate trusted workers such as tech support, banks, government agencies, etc. This is typically done by vishing or phishing; they call the victim or send them a text and/or email of an urgent issue that needs to be resolved right away. Fraudsters will then trick victims into giving them control of their device by downloading an app, remote desktop software, or built-in tools. Once these fraudsters have remote access, they can access sensitive information such as passwords and financial information. With all that information they can commit identify theft, hold your information hostage, and/or sell your information on the dark web. Here’s how to protect yourself:
- Only download apps from trusted sources, never click a link from an unknown sender
- Before downloading an app check its reviews and ratings
- Research all apps before downloading
- Regularly update your operating system and app versions
- Be cautious when answering unknown numbers, hang up right away if they’re asking about sensitive information
- Never give remote access to someone you don’t know

Sports Gambling App Scams

With football season back in full swing, so are sports betting scams. It’s Sunday, you place a bet, and you win. But as soon as you try and cash out it says declined, you try again. It keeps saying declined. You contact someone about this issue, they say that they need more information and/or identity verification. No matter how much information you give them, you never get your money. Not only do these fraudsters now have your money, but they also have any personal information that you shared with them.

Avoiding Sports Gambling Scams:

Delays in getting paid. One of the most common tricks used is the slow payout scam. Fraudsters delay payment in the hope that the user reverses the request for payout. A scammer will typically request more identity verification before a “payout” is made to slow the payment process, when really, they aren’t going to pay you at all.

Look for verified apps. It’s important to look for sports books that have been approved by your area’s gaming commission. Do not enter any personal information/payment information on apps that can’t be verified. And only download apps from the app store, not through links or pop-up ads. Bookmark websites you know are safe, so you don’t click on a website made to look real.

Phishing and identity fraud. Phishing redirects a user to a fake website and will then collect personal information, such as passwords and security info. These links are made to look like the real deal but beware! Look at the URL, make sure it’s taking you to a trusted site, never open a link from an unknown email, number, or pop-up ad.

Read the fine print. Gambling sites/apps typically offer incentives or bonuses for new users. But they could be misleading, often they’re too good to be true. Be sure to read the fine print carefully. “Risk-free” doesn’t usually mean there’s no risk, typically money lost will turn into a credit that you can use only to place other bets. Even legitimate sports betting apps have the right to freeze your winnings if they suspect there’s an unfair advantage or irregular playing pattern. Be sure to take the time to read the important details.

Stay on the lookout for phishing scams, only place bets on verified sports betting apps, and don’t believe the too good to be true bonuses (they really are too good to be true).

https://www.scams.info/blog/player-protection/sports-betting-scams/

https://www.bbb.org/article/scams/26620-bbb-scam-alert-betting-on-a-big-game-dont-fall-for-a-sports-betting-scam

https://lifehacker.com/how-to-spot-a-shady-online-sports-betting-site-1848525467

Super-Scary Halloween Hacks to Save You Money

Don’t let Halloween costs spook you! Here’s eight great hacks for saving on costumes and decor.

Ghastly ghosts

Create an army of floating ghosts using nothing but white trash bags. Gather a bunch of bags and stuff them with crumpled newspaper. Tie the “head” with a rubber band and use a permanent marker to draw spooky faces on your ghosts. Hang your frightful friends around your house and yard to scare your party guests and trick-or-treaters.

Spooky bird houses

Create a mini haunted house to hang on your door or decorate your table using a basic bird house, black paint and cotton. Paint the bird house black and stretch cotton over it for a cobwebby effect. Finish it off with a few paper ghosts peeking out the windows and doors, and you’ve got yourself a tiny haunted house!

Shark attack!

For a fun and freaky costume that costs next to nothing, go as a surfer being eaten by a shark. Dress in swimwear, with a towel slung over yourself if the weather makes it necessary, and apply fake blood to a visible spot on your neck or arm. Use face paint to create a shark bite and apply the blood so it surrounds the bite and drips out. For a fun touch, attach an inflated or stuffed toy shark to your costume.

Mason jar lanterns

For easy DIY decor, paint Mason jars with spooky designs and insert battery-powered tea lights for a bewitching glow. Line your walkway or porch with these lanterns to welcome trick-or-treaters.

Creepy crawlers everywhere

Use an inexpensive package of plastic spiders to scare your guests silly! Freeze some in ice cubes for a spooky surprise in everyone’s drinks, scatter some across the table to make someone shriek and even add some to your soap dispenser to really freak everyone out. Let your trick-or-treaters in on the fun by sprinkling some into your bowl of candy.

An eerie flicker

For a super-easy and super-cheap centerpiece, paint old wine bottles black. Use matte paint for the best effect. When your candlestick holders have dried, insert long orange taper candles into each one to add a festive look to your table.

Care for a lollipop?

Turn your pumpkin into a fun lollipop dispenser with the help of an electric drill. Drill small holes in your pumpkin and then stick a lollipop into each hole. Set it up on your steps for an adorable, help-yourself trick-or-treat.

Retro costume

For a costume that will make everyone laugh and won’t cost a penny, go as your college-aged self. Dig out your old clothing and accessories, and if you had a crazy hairstyle back then, incorporate it into your costume, too.

Should I Adopt a Minimalist Lifestyle?

Q: Minimalism is all the rage, and with everyday expenses at an all-time high, I’m wondering: Should I adopt a minimalist lifestyle?

A: The minimalist movement, or the idea of living with just the barest of necessities, has exploded in popularity in recent years. Let’s take a closer look at this trending lifestyle choice so you can make an informed decision about embracing its philosophies.

What is minimalism?

The generally accepted definition of minimalism is: Less is more. But adopting a minimalist lifestyle is more than just decluttering. It also means getting rid of, or whittling down, any expense category in your budget along with any activity you engage in that is not necessary for your life or peace of mind.

Getting started on minimalism.

There are lots of ways to live a minimalist life. Here are some popular ways to get started:

The 90/90 rule. Choose an item in your home and ask yourself if you’ve used it in the last 90 days and if you will use it within the next 90. If the answer to both questions is no, toss it.
The 30-day declutter. In this challenge, throw out one item from your home on Day 1, two items on Day 2 and continue this progression until Day 30, when you throw out 30 items.
The 100-item life. Here, you choose 100 essential items you need to live with and toss out everything else you own.

It’s important to know there is no “right way” to embrace this lifestyle. Since minimalism means living with what you need and what brings you joy, it will look different to everyone. As long as you are left with a home and a lifestyle that fills you with peace and serenity, you have adopted the minimalist lifestyle.

Pros of living a minimalist life

Improved mental health. Evidence shows that a cluttered life is a stressful life.
Increased opportunities to experience life at its purest level. Walking away from extraneous commitments can free you up to experience the true pleasures in life.
More room in your budget. When you throw out all unneeded expenses from your budget, it’s easier to save and avoid falling into debt.

Cons of living a minimalist life

Feelings of deprivation. If taken to an extreme, a minimalist life can be depriving and ultimately backfire.
Unhealthy obsession. Minimalism can require a lot of brain power. If you spend all day thinking about your stuff, it still owns you.
Owning just a few items means a large initial outlay. You’ll need to invest in a few items that really last, and these don’t come cheap.
It can be isolating. Unless you jump into this lifestyle with a partner or friend, it can be a very lonely life.

Use this guide to make an informed decision about embracing a minimalist life.

AI Fraud and How to Protect Yourself

Artificial intelligence (AI) is revolutionizing the way we live and work. Unfortunately, though, it’s also revolutionizing the way scammers play their games. Here’s what you need to know about AI fraud and how to protect yourself.

What is AI fraud?

AI fraud is the use of artificial intelligence to deceive or defraud individuals or organizations. Fraudsters and/or Scammers have begun using AI backed software to assist in scams that utilize vast amounts of knowledge and techniques to assist with fraudulent practices. Some of the fraudsters through the use of AI have been able to create convincing fake identities, manipulate social media, generate realistic fake images and videos (AKA “deepfakes”) and more.

The scammers then create fake social media profiles and email addresses using these bogus identities and footage. Often, they’ll pretend to represent celebrities for soliciting money and information. Similarly, they may create fake websites or emails that appear to be from legitimate sources, such as financial institutions or government agencies, and ask people to provide their personal information or login credentials.

AI fraud comes in several forms, including:

Phishing
ID theft
Deepfakes
Fake news
Social engineering
Chatbot scams

Red flags

Are you being targeted by AI fraud? Look out for these red flags:

Multiple unsolicited emails and/or text messages
Asked to provide personal info or login credentials by an unverified contact
Unusual activity on your social media accounts
Requests for money or gift cards

If you notice any of these signs, it’s important to investigate. If the contact claims to represent a government agency or financial institution, do not engage. Reach out to the agency that supposedly contacted you to see if the communication is legit.

Protect yourself

Never share sensitive info with an unverified contact.
Check the URL of each landing page when banking online or using another platform to share sensitive information.
Use strong, unique passwords across all of your accounts.
Keep your device’s security on its strongest setting.
Use updated antivirus software.

If you’ve been targeted

If you suspect you’ve been the victim of AI fraud, act quickly to mitigate damage. First, contact High Point FCU at 800-854-6052 to let us know your information has been compromised. Similarly, reach out to your credit card companies to let them know about the fraud. Next, report the fraud to the FTC so they can take appropriate measures in catching the humans behind the bot-generated scam. You’ll also want to change your passwords and consider a credit freeze. Finally, if your identity has been stolen, reach out to identitytheft.gov to learn your next steps.

Three Common Money Mistakes People Make

Managing money responsibly doesn’t just happen. Even with the best of intentions, many people make mistakes in how they handle money – and they don’t even realize it. But there’s good news! Harmful behaviors can be unlearned. Let’s look at three common money mistakes and how to fix them.

Mistake #1: Ignoring one’s financial situation

It is common for people to go about everyday living without a whole lot of thought toward their money. They may not know how much they have in their checking and saving accounts. They could also jam their heads in the sand when it comes to their outstanding debt. Awareness of how good or bad their credit score is? Forget about it! The hard truth, though, is that ignoring money can lead to big-time consequences, like excessive debt, missed payments and zilch in savings.

The fix: To avoid this mistake, assess your income, expenses and savings regularly. Creating a budget can help you get a handle on your financial inflows and outflows. This way, you can identify areas where you can cut back, save more and achieve and maintain financial wellness.

Mistake #2: Not having a clear money vision

The second common money mistake is a lack of financial plans or goals. Without an established money vision, it can be challenging to make smart money choices.

The fix: Establish short-term and long-term financial goals. Whether it’s saving for a down payment on a house, starting a business or planning for retirement, having a clear vision will guide and motivate all your financial decisions while ensuring they’re choices you can live with for years to come.

Mistake #3: Not discussing money

The third common money mistake is failing to talk about money with one’s life partner. Money is a sensitive topic, and many people believe they can avoid arguing over money by not talking about money. Unfortunately, though, not talking about it can lead to misunderstandings, conflict and financial instability within the relationship.

The fix: Have open and honest discussions about money with your partner. By establishing open lines of communication, you can work together to create a joint financial plan that aligns with both partners’ values and aspirations.

Use this guide to learn how to fix three common money mistakes and avoid making them in the future.

All You Need to Know About Pet Adoption Scams

Pet adoption can be a highly rewarding experience. Unfortunately, though, scammers often exploit people’s adoration for animals through pet adoption scams. Let’s take a closer look at these scams and how to protect yourself from falling victim.

How these scams play out

In a pet adoption scam, fraudsters pose as legitimate pet sellers or rescue organizations to scam potential adopters. They may advertise pets online, and use emotional appeals to lure unsuspecting individuals. One scam variation includes “puppy mills,” where animals are bred in inhumane conditions and then sold. Another variation is the “phantom pets” scam, where the scammers falsely claim to have pets available for adoption. In the first scam, the buyer is charged a huge price for a severely neglected pet. In the second, the buyer makes the required payments for a pet that never arrives.

Red flags

If you’re in the market for a new pet, watch out for these red flags:

The seller only communicates by email.
The seller demands upfront payment.
The seller refuses to provide important documentation and details about the pet’s background or health.
The seller asks for additional fees for shipping, vaccinations or permits.
The ad featuring the adoptable pet has tons of typos.
All photos of the pet are generic or stock photos.

If a potential pet seller shows any of these red flags, you’re likely looking at a scam.

Search safely

When searching for a pet to adopt, verify the authenticity of the seller or rescue organization before proceeding. Look for a physical address, contact information and a secure online presence. Check out any online reviews or complaints about the seller. Finally, reach out to local animal shelters or breed-specific rescues to validate the legitimacy of the seller.

Finalizing an adoption

Once you’ve found a pet, continue to exercise caution as you finalize the sale.

First, insist on meeting the seller and pet or visiting the rescue organization in person. This will enable you to observe the animal’s living conditions, assess its health and interact with it directly. If everything checks out and you’re going ahead with the sale, use a secure payment method that offers fraud protection, such as a credit card.

Don’t get caught in a pet scam! Use the tips outlined here to stay safe.

The Importance of Saving for a Rainy Day

Life is full of surprises, and some of them can be expensive. Whether it’s a medical emergency, job loss, car repairs or any other unforeseen event, having a financial safety net can provide a sense of security and stability. Let’s take a look at why it’s so important to save for rainy days.

Stay out of debt

When life throws an expensive surprise your way and you don’t have money to pay for it, you may fall into debt just to get by. On the flip side, if you had a well-padded emergency fund, you’d have the cash you need to fall back on in case of an emergency.

Be prepared for sudden unemployment

When you live paycheck to paycheck, your job is your financial lifeline. But no job is guaranteed to last forever. Your workplace may decide to downsize, close its doors or even to replace you with a bot. Or, you may find yourself unable to work due to personal circumstances. Having an emergency fund when you’re gainfully employed can help you stay afloat should you suddenly find your lifeline is reduced or cut out.

Flexibility and freedom

Saving for a rainy day brings an element of flexibility and freedom to your life. It enables you to pursue new opportunities, take risks and make major life changes without the constant fear of financial instability. Whether it’s starting a business, furthering your education or taking a sabbatical, savings provides the support you need to confidently explore these possibilities.

Peace of mind

Financial stress can take a toll on your physical and mental wellbeing. Constantly worrying about money can lead to anxiety, depression, strained relationships and more. Knowing you have an emergency fund prepared and on the ready for a rainy day can offer a sense of security and peace of mind.

Achieve long-term financial goals

Saving for a rainy day is not just about preparing for emergencies; it’s also a stepping stone toward achieving long-term financial goals. Whether it’s buying a house, starting a family or planning for retirement, having savings will help you stay on track.

Avoid economic downturns related to market fluctuations

The economy is subject to fluctuations, and financial markets can be volatile. During economic downturns or recessions, people will often face reduced job opportunities, pay cuts or decreased business revenue. However, an emergency fund can make a challenging economic climate easier to navigate. People who’ve saved up money for emergencies will be less reliant on credit cards and loans during such times, thus lowering their vulnerability to economic uncertainties.

If you don’t have a well-padded emergency fund, start building one today! Most experts recommend having three to six months’ worth of living expenses in your emergency fund. Review your monthly expenses to reach this number, and then make a plan for building up your fund until it’s complete. You may want to prioritize your emergency fund over other investments until it’s set up.

When the sun is shining, it’s hard to believe the rain will come, but no one’s life is all sunshine, all the time. Saving for a rainy day is a crucial part of financial wellness. Start saving today for a more secure and financially fit life.

6 Tips for Building an Energy-Efficient Home

Building a new home involves many decisions and expenses. As you work through the process, try making your new home as energy-efficient as possible. Let’s explore six ways you can build an energy-efficient home that promotes a sustainable future.

1. Optimize site selection

The first step in building an energy-efficient home is to choose the right location. Consider factors such as solar orientation, prevailing winds and surrounding vegetation. Maximizing natural resources, like sunlight and wind, can really reduce the need for artificial heating, cooling and lighting.

2. Efficient building envelope

A well-insulated building envelope is crucial for maintaining a comfortable indoor environment while minimizing energy loss. Use high-quality insulation materials in walls, roofs and floors of your new home. Opt for double- or triple-pane windows with low-emissivity coatings to reduce heat transfer. Finally, properly seal any gaps or cracks to prevent air leakage, ensuring your home remains airtight.

3. Use sustainable materials

Choosing sustainable and locally sourced materials can have a positive impact on both the environment and your health. Look for materials with low embodied energy, such as recycled content or renewable resources, like bamboo and cork. Opting for sustainable materials reduces the carbon footprint of your home and creates a healthier living environment.

4. Install energy-efficient appliances and lighting

Energy-efficient appliances and lighting fixtures can significantly reduce your home’s energy consumption. Look for appliances with an ENERGY STAR® label, as they meet strict efficiency standards. LED lighting is another excellent choice, as it consumes less electricity compared to traditional incandescent bulbs.

5. Consider renewable energy systems

Integrating renewable energy systems into your home is a proactive step toward energy independence. These include solar panels, wind turbines or geothermal systems that generate clean energy while reducing your reliance on the grid. Generating electricity sustainably will pay off for many years to come.

6. Water conservation strategies

Conserving water is an essential part of building an energy-efficient home. Install low-flow fixtures to reduce water consumption without sacrificing performance. Implementing water conservation strategies will save water while also reducing the energy required for water treatment and distribution.

Use the tips outlined here to build a home that has a lower carbon output and saves you money for years to come.

How Can I Beat Inflation and Save on Back-to-School Shopping?

Q: How can I beat inflation and save on back-to-school shopping?

A: Lucky for you, there are ways to save on back-to-school shopping. Follow these tips.

Shop with a budget

Determine how much you can afford to spend and set specific amounts for different categories such as clothing and supplies. Having a budget will help you stay focused and avoid impulse purchases.

Take inventory

Before hitting the stores, inventory what you already have at home. Check your kids’ closets, drawers and study areas for supplies and clothing that can be reused or repurposed for the coming school year. This will give you a clear idea of what you really need to buy.

Plan ahead

Start shopping early and take advantage of sales throughout the summer. Watch for clearance sales, promotions and discounts. By planning ahead, you can secure better deals and avoid the rush and price hikes closer to the start of the school year.

Buy generic

Don’t hesitate to reach for generic brands when purchasing school supplies for your kids. Store brands, like Walmart, or Target’s Up & Up, are usually cheaper than name brands without compromising on quality.

Shop without your kids

Shopping with kids is an easy budget-killer. Kids have their own ideas of what’s best to spend money on, and their opinions may not align with your budget. Leave your kids home for at least some of your shopping trips this season.

Think secondhand

Consider purchasing used textbooks, clothing and electronics. You can find gently used items at much lower prices on secondhand websites like ThredUp, and at thrift stores like Goodwill.

Use discounts and coupons

Before you shop, look for coupons, promotional codes and student discounts to bring down the prices of the items you need to buy. You can sign up for loyalty programs and use a discount-finder app or extension to pull up any coupons for the items you need.

Buy in bulk

Whenever appropriate, buy supplies in bulk. This is useful for items that are commonly used throughout the school year. Buying in bulk often comes with a lower per-unit cost, providing long-term savings.

Follow the tips outlined here to beat inflation and save on back-to-school shopping.

Money Tips for College Students

Hello, college, hello, money worries!

College life brings a sense of independence that extends to personal finances. Being in charge of your own money can seem like an impossible challenge, but it doesn’t have to be that way. If the thought of managing your money in college is stressing you out, dig into these tips for some help!

Create a budget

Living with a budget is a must for good financial wellness. First, track your income, including all earnings from part-time jobs, scholarships and student loans. Next, list your expenses, including tuition fees, textbooks, rent, groceries, transportation and entertainment. Set a realistic spending amount for each category, and your budget is good to go! Review and adjust as necessary.

Minimize student loan debt

Student loans can be a big financial burden after graduation. To minimize your debt, explore options such as scholarships, grants and part-time jobs to cover educational expenses. You can also get ahead on your debt by saving for your student loan payments before you graduate.

Live frugally

You can have your fun while in college, and your budget, too! First, buy used when possible. This goes for textbooks, sports equipment and your college car. Next, consider pooling some of your expenses with roommates. For example, you can split the costs of food items, cleaning supplies and more. Finally, get used to eating in and save big. Remember, every dollar saved can go toward your future.

Prioritize essential expenses

Life while in college is filled with temptations and social activities, so it’s crucial to prioritize your expenses. First, make sure your tuition, rent, utilities and groceries are covered and then you can spend money on fun! Having a good budget developed, and a regular review of it, will help you plan in some of that fun.

Build your credit

College is a great time to get your credit score ready for adult life. A strong credit score is essential for qualifying for large loans, getting favorable interest rates, securing a job and more. To build credit responsibly, consider getting a secured credit card or becoming an authorized user on a family member’s credit card. Use the card sparingly and make full payments on time each month.

Take advantage of campus resources

College campuses often provide many resources to help students manage finances. Take advantage of financial literacy workshops, counseling services and career centers at your college.

Use these tips to manage your money smartly in college.

How to use Appliances Efficiently

Did you know that appliances account for approximately 13% of your home’s energy use? The good news is, you don’t have to completely pull the plug to save on your energy costs. Here’s how to use your appliances more efficiently to reduce your energy use and do one for the environment.

Choose energy-efficient appliances

When purchasing new appliances, choose models with high energy efficiency ratings. Look for the ENERGY STAR label, which indicates that the appliance meets strict energy efficiency standards.

Follow the user manuals

User manuals provide valuable information about the optimal usage and maintenance of appliances. Take the time to read the manuals thoroughly, as they offer specific instructions on how to maximize efficiency and extend the lifespan of each appliance.

Use appliances smartly

Take full advantage of any automatic settings on your appliances to use them more efficiently. For example, you can set your HVAC system to adjust its temperature when no one’s home or everyone is asleep.

Saving on energy around the house

Follow these tips to use appliances more efficiently around the house:

Computer

Choose “sleep” over “screen save” to use less energy when away from your computer.
Consider switching from a desktop PC to a laptop, as these use 10% of the electricity.
Turn off your monitor when it’s not in use.
Think three times before you print.

Oven/range

Match up your pots to your burner size
Cook with aluminum pans for even heat conduction.
Keep range-top burners clean for better reflection of heat and saved energy.

Refrigerator/freezer

Keep your thermostats at the recommended settings.
Position your refrigerator away from a heat source.
Clean the condenser coils of refrigerators and freezers regularly.

Dishwasher

Only run full loads.
Avoid pre-rinsing dirty dishes unless absolutely necessary.
During warmer times of the year, run the dishwasher in the early morning or evenings, when it’s cooler out.

Washer/dryer

Wash with cold water as much as possible.
Keep the lint filter clean for quicker dry times.
Make sure your dryer is vented properly.

Air conditioner

Cook less when it’s hot out.
Set your thermostat to adjust automatically.
Clean or replace your filters regularly to maintain proper airflow.

Use these tips to use your appliances more efficiently and save on energy usage and total costs.

Going Organic on a Budget

Going organic is a great way to improve your personal health and the health of the environment. Fortunately, it does not have to mean spending big. Here’s how to go organic on a budget.

Prioritize your purchases

If you’re on a strict budget, you likely won’t be able to go completely organic all at once. Start with what’s most important to you. You can move on to another area as the budget allows until you’ve completely embraced the lifestyle.

Buy in bulk

Look for bulk b ins at your local natural grocery store for steep savings. If you can’t finish all your bulk organic purchases before they’ll go bad, partner with a friend and split the costs.

Shop the seasons

In-season produce generally tastes better than off-season fruits and vegetables, and it’s cheaper. Choosing organic produce grown locally while it’s in-season can really bring down your grocery bill. A quick Google search can tell you what’s in season now in your area of the country.

Grow your own

If you have the time and space, consider growing your own organic greens and herbs. This way, you’ll have access to inexpensive produce that’s fresh and ready to eat.

Shop the farmers market

Your local farmers market is a great place to find fresh, locally grown produce at affordable prices. Plus, it supports local business.

Stalk your favorite organic brands on social media

Brands will alert followers to fantastic deals and discounts that may otherwise be missed. As soon as you find an organic food brand you love, follow it on Twitter, Facebook and Instagram. This way, you’ll never miss a sale.

Look for store brands

Lots of grocery stores now offer their own line of organic products. These tend to be cheaper than companies that are not affiliated with a specific store.

Shop smart

Finally, follow the basic rules for smart shopping to save on your purchases. Plan your menu around the sales, shop with a list and take a smaller cart, or even a basket. If all else fails, shop with cash.

Follow these tips to make the switch to an organic lifestyle without breaking the bank.

Don’t Get Caught in a P2P Scam

Before discussing how to avoid a P2P scam, you may be wondering what “P2P” stands for. A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service. Google Wallet, PayPal, Snapcash, Venmo and Bitcoin are examples of P2P services.

P2P platforms are super-convenient. But, P2P scams are rampant and varied. Plus, once money is transferred by P2P, it’s usually gone forever.

Here are five P2P scams to beware of:

1. Mystery money

In this P2P scam, a stranger “accidentally” sends the target money and then reaches out, wanting their money back. The target sees these funds in their P2P account and returns them. Unfortunately, though, because this money was added to the target’s account using a stolen credit card or account, the platform flags the original transaction as fraud and removes the funds from the victim’s account.

2. Hidden credit card fraud

In this P2P scam, a fraudster purchases an item listed on a site, like Craigslist, using a P2P service. They’ll pick up the item, or have it shipped to their home, and they’ll never be heard from again. Meanwhile, the P2P platform will eventually recognize the funds for the purchase come from a bogus source, and will take the money back from the seller.

3. Utility scams

In this scam, a “rep” from a utility company reaches out to a target, claiming their service will be shut off unless a payment is made immediately. The scammer insists on payment by P2P. Unfortunately, once the transfer is made, it can be impossible to reclaim the money.

4. Password scam

In this scam, an alleged representative of a credit union or bank will reach out to a target by text, asking them to approve a recent large P2P transfer from their account. A “no” response will prompt the scammer to call the victim. Posing again as a rep of their financial institution, they’ll offer to assist in reclaiming the allegedly frauded money. To do so, the scammer claims the victim will need to share their Zelle login credentials. Unfortunately, if the victim shares the one-time passcode, the scammer can change the password and send themselves money through the victim’s account.

5. Bogus receipts

Here, a scammer will insert themselves into a legitimate P2P transaction by digitally manipulating a screenshot to make it appear as if they have completed a part of an ongoing deal and insisting you now owe them money. In truth, though, the transaction was never completed and, if you send the money, you’ll be sending it directly to a scammer’s P2P account.

Stay safe

Only send and accept funds from people you know and trust.
Never give out your passwords/pins/challenge response tokens to anyone.
Use strong passwords and don’t reuse them across any accounts.
Use 2 Factor Authentication.
Don’t use guest or unsecured networks when doing transactions or logging into accounts.
Always confirm you’re interacting with the correct person by verifying their phone number at every stage of the P2P transaction process.
Call the P2P platform’s customer service number directly to resolve any errors. Similarly, reach out to High Point Federal Credit Union directly if you receive notification of an allegedly frauded account.
Check your checking account after every P2P transaction to confirm that you’ve received the funds.

Device Advice: How to Keep Your Phone Safe from Fraud

Smartphones are the millennial’s answer to the disorganized life. You can buy anything with just a few swipes, schedule appointments and store your photos in this one, convenient spot. Unfortunately, all of that convenience comes at a price: Your mobile devices pose an inherent risk to your security if they fall into the wrong hands. Fortunately, there are ways to protect your device and information.

Here are 6 tips to help keep your phone safe and secure.

1. Keep your phone locked

If your entire life is on your phone, you run the risk of giving a thief access to your identity if it’s stolen or misplaced. The best way to prevent this from happening is to have a lock on your screen. Opt for a physical lock if possible, such as fingerprint or face recognition. Finally, adjust your phone’s lock settings so the screen automatically locks when not in use by setting a lock based on idle time.

2. Choose strong, unique passwords across all your devices and apps

Use a different password for each device, app and other online accounts. The longer your password the stronger it is, but security can also be improved when you include a blend of letters with varied capitalization use, numbers, and symbols.

3. Browse safely

Look for the padlock icon and the “s” after the “http” in the URL of each landing page you visit.
Never give your login information to anyone. Olean Area Federal Credit Union will never ask for this information. Please report if someone claiming to be from the Credit Union asks for your login.
Never share your personally identifiable information (PII) with an unknown contact.
Keep your security settings current.
Avoid clicking on pop-up ads or links in emails from unverified senders.

4. Use secure Wi-Fi

Using public Wi-Fi can make you vulnerable to hacking. It’s best not to use public Wi-Fi at all, especially when banking online. To help keep your device safe while using public Wi-Fi, consider using a virtual private network (VPN). In addition, be sure to keep your own Wi-Fi secured to avoid having strangers access it.

5. Encrypt your data

Using encryption on your devices along with secure logins can assist with protecting its data and potentially any PII contained on those devices.

6. Install antivirus software on your phone

Consider the use of Antivirus software for all your devices including phones and tablets.

Use the tips outlined here to help keep your phone safe from fraud.

All You need to Know About Credit Card Fraud

With the advent of online commerce, credit and debit card fraud has exploded. Unfortunately, credit card fraud can go unnoticed until it causes serious damage. Here, we’ve outlined what you need to know, how to protect yourself, and what to do when you’re targeted.

What is credit card fraud?

Credit and debit card fraud occurs when a scammer gains access to a victim’s card information and goes on to empty their accounts, commit identity theft and more.

Credit card fraud can be pulled off in many ways:

Card skimming involves a scammer tampering with an ATM or payment terminal. The machine reads the victim’s card information and transmits it to the scammer.
Brute force attacks employ an auto-dialer to access the card numbers issued within the target’s BIN. The scammer can perform infinite guesses until they land on the card’s expiration date, security code and numbers.
Online phishing is done through insecure links embedded in emails or online ads, or through bogus surveys, solicitations, job offers, dating profiles and the like. The scammer uses these means to gain access to the victim’s credit or debit card information.

Protect yourself

Follow these tips to stay safe from credit and debit card fraud:

Sign up for alerts. Many issuers will send you texts or emails when new charges post to your account or card-not-present transactions happen.
Monitor your checking and credit card accounts frequently so you can spot the first signs of fraud.
Use strong, unique passwords across all your accounts.
Shop with caution. Only shop reputable sites and avoid clicking on pop-up ads or links in emails from unverified senders. To confirm a site’s security, look for the padlock icon and the “s” after the “http” in the URL. Avoid storing your credit card info in online shopping accounts. Finally, make sure the security settings on your devices are current.

If you’re targeted

If you believe your card has been frauded, take immediate steps to mitigate damage. First, let the credit card company know about the fraud. Similarly, if your debit card has been frauded, let High Point Federal Credit Union know as soon as possible. Your old card will be canceled, and you’ll be issued a replacement card immediately. You may also want to place a credit freeze on your accounts to prevent the scammer from taking out a loan or opening another account in your name.

After you’ve reported the fraud to your financial institution and/or credit card company, be sure to report it to the Federal Trade Commission at ReportFraud.ftc.gov, so others can avoid becoming victims.

Free Vacation Scams

Congrats – you’ve won an all-expense paid vacation to the Bahamas! It’s a dream come true! Or is it? If you’re notified that you’ve landed a free luxury vacation, you’ve likely been targeted by a scam. Here’s what you need to know.

How the scams play out

In a free vacation scam, a target gets a letter, email or text message telling them they’ve won a sweepstakes for a free vacation. They’re asked to pay a fee or tax to process the prize. Alternatively, they may be asked to share their credit card information before it can be claimed. After paying the fee, they’ll never hear from the sweepstakes company again.

In another variation of this scam, the target is asked to attend a “short” meeting before claiming their prize. This turns out to be a prolonged and overt sales pitch for a time-share purchase or travel-club membership. There may be vouchers for the promised vacation at the end of the class, but they can only be used for specific dates, and require all sorts of additional fees before the “free” vacation can be redeemed.

Red flags

Look out for these red flags to help you spot a free vacation scam:

You’re told you’ve won a sweepstakes you never entered.
You’re asked to pay a fee or tax before a prize can be processed.
You’re pressured to sign up for a time-share purchase or travel club membership.
You’re asked to share your credit card information to claim a free vacation.

Protect yourself

Never share personal information with an unverified contact.
Never agree to pay a “processing fee” or “tax” to claim a prize.
If a caller insists on payment by gift card or wire transfer, hang up.
Always read fine print and do research before signing up for a time-share or club.

If you’re targeted

If you believe you’ve been targeted by a free vacation scam, there are steps you can take to mitigate the damage.

First, if you’ve paid the “processing fee” or “tax” with a credit card, dispute the charge as soon as possible. If you’ve shared your credit card information, cancel the card and consider placing a credit freeze on your name as well. Finally, let the FTC know about the circulating scam.

Stay safe!