How to protect your finances before the New Year; ticket #4

Welcome to the Financial Freedom Press!  This newsletter is a publication of The Restoration Station the financial literacy division of  MT Austin and Associates,your accounting solution! The mission of  The Restoration Station is to help place you on the right track to financial freedom.  We offer FREE tools (tickets) and resources to support you on your journey to financial freedom and wealth!


TICKET #4: Shred documents with personal information

cr-shredderDo yourself a favor – if you don’t have a personal shredder, purchase one. There are a number low cost shredders made for home use that range from $15-$75 ; the lower priced shredders are made to sit on top of a small wastebasket. Mail theft is still common, especially during the end of the year when tax documents and year end banking and investment statements are often mailed to clients. Shredding your documents with personal and financial information instead of throwing them in the trash will lower your chance of being a victim of identity theft and fraud.

Don’t forget to also shred your old credit cards and insurance cards instead of throwing them in the trash. Most shredders come with ability to shred credit cards. Once your shredder is filled, instead of dumping it in the trash, bag it up and donate it to your local pet shelter! The shelters often use shredded paper when they run out of kitten litter; you will feel good that you’re donating to a worthy cause and recycling at the same time!

 

I hope you have found this “tool” useful. Please comment below if you have questions or feedback. If you haven’t already, please subscribe to our blog, Financial Freedom Press to read the previous three tickets . We also invite you to visit The Restoration Station on Facebook for FREE resources and weekly live broadcasts with valuable tickets and information for the individual household and entrepreneur.

MT Austin and Associates , sponsor of  The Restoration Station provides accounting, financial reporting and income tax services to corporations, non profits and individuals. If we can be of service, please do not hesitate to send a message to us from the contact page of our website. We appreciate the opportunity to be of service!

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How to protect your finances before the New Year; ticket #3

Welcome to the Financial Freedom Press!  This newsletter is a publication of The Restoration Station the financial literacy division of  MT Austin and Associates,your accounting solution! The mission of  The Restoration Station is to help place you on the right track to financial freedom.  We offer FREE tools (tickets) and resources to support you on your journey to financial freedom and wealth!


TICKET #3: Review your health insurance bills

surprised-women-reading-n-0012Insurance companies and doctor’s offices are not immune to making human mistakes yet most people don’t bother to look at the statements from their insurer before they pay the balance due or quickly file away the invoice when no payment is due.

Why is it important to check your health insurance bills? Your insurance bill could be an early detector of identity theft. Hospitals and doctor’s offices must request a copy of your identification and insurance card before they provide services. If you see a charge on your health insurance bill for an item, doctor, facility or date that you do not recognize it could be possible that someone used your identification. If you notice something wrong, contact the doctor or health facility’s billing department for a detailed description of the item. If you are certain that it was not your claim, contact your health insurance company  immediately to request an investigation into the charge and correct the error.

If the health office confirms the person provided accurate identification and you suspect that you are a victim of identity theft, visit ftc.gov/idtheft to file a claim.

 

I hope you have found this “tool” useful. Please comment below if you have questions or feedback. If you haven’t already, please subscribe to our blog, Financial Freedom Press to receive the fourth ticket and visit The Restoration Station on Facebook for FREE resources and weekly live broadcasts with valuable tickets and information for the individual household and entrepreneur.

MT Austin and Associates , sponsor of  The Restoration Station provides accounting, financial reporting and income tax services to corporations, non profits and individuals. If we can be of service, please do not hesitate to send a message to us from the contact page of our website. We appreciate the opportunity to be of service!

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How to protect your finances before the new year ; TICKET #2

Welcome to the Financial Freedom Press!  This newsletter is a publication of The Restoration Station the financial literacy division of  MT Austin and Associates,your accounting solution! The mission of  The Restoration Station is to help place you on the right track to financial freedom.  We offer FREE tools (tickets) and resources to support you on your journey to financial freedom and wealth!


TICKET #2Check your banking activity! 

bank-statementMost banks make it easy for you to view your daily activity and pending transactions through an app on your phone. If you do not have access to an app, you should have the ability to log into your online banking account to view the current activity. You should also be able to download a copy of your last bank statement. If you still receive your bank statements in the mail, we strongly suggest you contact your bank’s customer service department and request “paper free” or digital downloads of your monthly bank statements. Most banks will now charge to mail paper statements and this would be an opportunity to both save on the banking fee and lessen the chance of your sensitive information being taken from the mail.

We suggest you get in the habit of checking your bank statements every month. Financial institutions often make errors and are only liable for them for 90 days after the date of the bank statement. In other words if the bank made an error on your statement, and you wait more than three months to look at your statement and dispute the item, you lose the opportunity to have the error corrected by the bank. You want to make sure everything is accurate, and that you can identify each cash transaction and debit purchase. If you notice something wrong, contact the vendor and/or the bank immediately.

We have provided a link to this FREE sample letter for reporting an incorrect charge to a credit card company or retail store.

If you suspect identity theft, visit ftc.gov/idtheft to report the incident.

I hope you have found this “tool” useful. Please comment below if you have questions or feedback. If you haven’t already, please subscribe to our blog, Financial Freedom Press to receive the next two tips and visit The Restoration Station on Facebook for FREE resources and weekly live broadcasts with valuable tickets and information for the individual household and entrepreneur.

MT Austin and Associates , sponsor of  The Restoration Station provides accounting, financial reporting and income tax services to corporations, non profits and individuals. If we can be of service, please do not hesitate to send a message to us from the contact page of our website. We appreciate the opportunity to be of service! Many Happy Returns!

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