by Judy Corbus | Feb 27, 2018
Photo Source: University of Florida
It’s tax time, and many of us will be seeing refund checks soon—time to celebrate!
Now, what are you going to do with all that extra cash?
Maybe you have some bills to take care of, and it’s certainly a good idea to get those off your plate. But after that, let’s say you have some money left over. What then?
Think about putting those extra dollars in a savings account. Or, if you don’t have a savings account, open one. Even if it’s just $100, that first deposit could be the start of a lifelong savings habit.
Which brings us to another question: Why is it important to save?
Let me answer that question with another question: If you had to cover a $1,000 unexpected expense today, could you do it?
These little emergencies come up all the time. Your car needs repairs. You get sick and miss work. You have to travel out of state unexpectedly. These challenges are just part of life, but you can be prepared to meet them.
That $100 you tuck away is not much now, but consider this: If you saved $100 each month for a year, you’d have $1,200 in your bank account. That’s a good financial cushion that can keep you afloat when the unexpected happens.
Need a little encouragement to stick to the savings habit? The Florida Saves Pledge (floridasaves.org) is a great tool for setting financial goals. With this pledge, you’re making a commitment to work toward some type of savings objective, such as an emergency fund, a down payment on a house, or even retirement.
As a Family and Consumer Sciences Agent in Washington and Holmes Counties, part of my job is to help our community members learn to take charge of their money. In fact, there are people like me all over the state helping their neighbors with everything from horticulture to nutrition and youth development. We’re a network of experts who make up the University of Florida’s Institute of Food and Agricultural Sciences Extension. And we’re here to help, today.
For more information, contact your local Extension Office.
by Judy Corbus | Feb 3, 2018
Set your thermostat to 68 degrees or lower in the winter to reduce heating costs. Photo credit: Judy Corbus
We have recently gotten a taste of what our neighbors to the north typically experience this time of year – frigid temperatures! As the mercury plummets, utility bills move in the opposite direction. Winter is not over yet so follow these easy steps to save money on your electric bill during the next cold snap:
- Set your thermostat to 68 degrees F or lower in the winter. Dress in layers for added warmth.
- Grab a throw or blanket to stay warm while reading or watching television.
- Check air filters monthly and clean or change when they become dirty. This will help your unit to operate more efficiently and last longer. A clogged filter can cause your heating system to shut down to prevent the compressor from overheating – this requires a service call to reset it.
- Use a ceiling fan, moving in a clockwise direction on low speed, to move heated air down from the ceiling into the living space. Turn fans off when leaving the room.
- Open curtains and blinds on south-facing windows to let the sun naturally warm your house. Close them at night to reduce heat loss.
- Caulk or weather-strip around windows and exterior doors to seal air leaks.
- Insulate water heater supply pipes with foam pipe wrap to reduce heat loss.
For more energy-saving tips, visit My Florida Home Energy.
by Judy Corbus | Oct 10, 2017
Photo credit: Judy Corbus
The recent security breach at Equifax from mid-May through July 2017 exposed the personal information of 143 million people; this included Social Security numbers, birth dates, addresses, and driver license numbers. You may be wondering, “Am I affected?” and, if so, “What should I do now?”
First, find out if your information was exposed at https://www.equifaxsecurity2017.com/potential-impact/. Make sure you are on a secure computer and an encrypted network connection. Even if your information was not exposed, U.S. consumers can get a year of free credit monitoring and other services. The site will give you a date when you can come back to enroll. Write down the date and return to the site and click “Enroll” on that date. You have until November 21, 2017 to enroll.
Order your free credit reports annually through the federally authorized web site www.annualcreditreport.com. You are allowed one free report every 12 months from each of the three major credit reporting agencies: Equifax, TransUnion, and Experian. Your credit reports will provide a detailed history that may better alert you to credit fraud.
Consider a credit freeze. A credit security freeze prevents credit reporting agencies from releasing your credit report or information from it, with a few exceptions, unless you lift the freeze. A credit freeze prevents identity thieves from opening new accounts in your name but it won’t prevent a thief from making charges to your existing accounts. It also does not prevent non-credit related frauds, such as tax refund identity theft and health insurance fraud. For these, consumers are advised to “be vigilant.”
You must request a credit freeze with each agency. In Florida, the fee to place a freeze is $10 with each agency for persons under age 65. If you are 65 or older or have been a victim of identity theft, the fee is waived. Currently, Equifax is waiving fees. You will need to lift the freeze if you want to open a new account, change insurance policies, rent housing, or sign up for new utilities or phone service – any transaction requiring a credit check. The fee to lift the freeze, either temporarily or permanently, is $10 per agency and it may take up to three business days for the lift to take effect.
Credit freeze requests may be made online, by phone, or by certified U.S. mail. Be patient and persistent, as many consumers are filing requests; websites often get overloaded temporarily. Below is the contact information for each credit reporting agency for each contact method:
Online
Equifax: https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp
Experian: https://www.experian.com/freeze/center.html
TransUnion: https://www.transunion.com/credit-freeze/place-credit-freeze
Telephone
Equifax: 800-685-1111
Experian: 888-397-3742
TransUnion: 888-909-8872
U.S. Mail
Equifax: Equifax Security Freeze, P.O. Box 105788, Atlanta, GA 30348
Experian: Experian, P.O. Box 9554, Allen, TX 75013
TransUnion: TransUnion LLC, P.O. Box 2000, Chester, PA 19016
For mailed security freeze requests, include the following information in a cover letter format:
- Full name (with middle initial) and former name, if applicable
- Current address and former addresses within the last five years
- Social Security number
- Full date of birth (month, day, year)
- Signature
- Photocopies of two forms of identification, such as a government-issued identity card and proof of residence such as phone bill or utility company bill.
For more information, visit: http://www.freshfromflorida.com/Consumer-Resources/Scams-and-Fraud/Identity-Theft/Security-Freeze-Credit-Report
Federal Trade Commission – steps to take to protect your information:
https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do
Adapted from:
The Equifax Data Breach: What to Do, Federal Trade Commission
Equifax Security Breach: Steps to Protect Yourself, UF/IFAS Extension Hillsborough County
To Freeze or Not to Freeze My Credit Report?, University of Illinois Extension
Credit Freeze Information in the Wake of the Equifax Hack, Rutgers University Extension
by Judy Corbus | Oct 10, 2017
Photo credit: Judy Corbus
If you have been affected by the recent Equifax data breach, you may be exploring your options as to what to do next. All three major credit reporting agencies, Equifax, TransUnion, and Experian, give you the option of placing a fraud alert or a credit freeze on your file. So, what is the difference between a fraud alert and a credit freeze?
Fraud Alert
When you activate an initial fraud alert on your report, a business must verify your identity before it issues credit, so it may try to contact you. This can make it more difficult for an identity thief to open new accounts in your name. The initial fraud alert stays on your report for 90 days and you can renew it at the end of the 90-day period. Fraud alerts are free and the credit reporting agency you call must tell the other agencies about your alert. It also allows you to order a free copy of your credit report from each of the three credit reporting agencies. Be sure the credit reporting agencies have your current contact information so they can reach you.
You can place an extended fraud alert on your credit file if you have created an Identity Theft Report. With an extended alert, you can get two free credit reports within 12 months from each of the three credit reporting agencies, and the agencies must take your name off marketing lists for pre-screened credit offers for five years, unless you request to be added back to the lists. The extended alert lasts for seven years.
Credit Freeze
A credit freeze generally stops all access to your credit report. If you wish to open a new account, apply for a job, rent an apartment, buy insurance, refinance your mortgage – any transaction requiring a credit check – you must contact the credit reporting agency to lift the freeze, either temporarily or permanently. You will get a PIN to use each time you wish to freeze or unfreeze your account. In most states, there is a fee to activate a freeze as well as to lift it – usually around $10 for each and per credit reporting agency. There also is a lead time before the freeze is lifted so you would need to arrange for it in advance or be prepared to wait a few days if you planned to apply for credit. Cost and freeze lift lead times may vary so you may wish to check your state’s law or contact the credit reporting agency in advance. In most states, a credit freeze lasts until you lift it; in a few states, it expires after seven years. Click here for the Florida Statute regarding consumer security freezes.
A credit freeze may not prevent misuse of your current accounts or other types of identity theft, such as tax refund identity theft and health insurance fraud. Also, companies with whom you do business still would have access to your credit report for some purposes.
So, fraud alert or credit freeze? It depends a lot on what you have coming up in the near future. If you’re planning to apply for a loan or mortgage, you will have to unfreeze and freeze with each application – consider the cost and time involved. If you are not planning to apply for new credit, then a credit freeze may be a good option for you.
For more information on credit fraud alerts and freezes, visit:
Place a Fraud Alert and Extended Fraud Alerts and Credit Freezes
Sources:
Federal Trade Commission – Place a Fraud Alert
Federal Trade Commission – Extended Fraud Alerts and Credit Freezes
Federal Trade Commission – Fraud Alert or Credit Freeze – Which is Right for You?
UF/IFAS Extension Hillsborough County – Equifax Security Breach: Steps to Protect Yourself
by Judy Corbus | Apr 5, 2016
Spring has sprung and this is the perfect time to clean and freshen your house. But you don’t have to spend a lot of money on cleaning products when you can whip up your own with a few simple, inexpensive ingredients.
The basic ingredient list includes:
- White Vinegar
- Baking soda
- Rubbing alcohol
- Ammonia
- Mild dish detergent
- Washing soda (can be found in the laundry products aisle)
- Borax (also in the laundry section)
Use clean jars or bottles for mixing and storage. Do not use food containers – children can think the contents are something to eat. Also, don’t mix your products in empty cleaning product bottles; residue from the original product may interact with your product, causing a dangerous reaction. Label each product and store out of reach of children. NEVER mix chlorine bleach with ammonia or vinegar – it will create dangerous, toxic fumes!
Here are a few recipes to get you started:
ALL-PURPOSE CLEANER
Mix in a 16 oz. or larger spray bottle:
- 1 cup white vinegar
- 1 cup water
Use on sinks, countertops, lightly soiled range surfaces, floors, toilets, and showers.
WINDOW CLEANER
- 3 tablespoons ammonia
- 1 tablespoon white vinegar
Put in a spray bottle and fill the rest with water.
HOMEMADE LAUNDRY DETERGENT
- 1 bar Ivory® or 1/3 bar Fels Naptha® soap
- 1/2 cup washing soda
- 1/2 cup borax powder
Grate the bar soap into a cooking pot. Add 6 cups of water and heat until the soap melts. Add the washing soda and borax and stir until dissolved. Remove from heat. Pour 4 cups hot water into a clean bucket. Add the soap mixture from the pot and stir. Add 1 gallon plus 6 cups of water and stir. Let the soap sit for about 24 hours and it will gel slightly. Optional: Add 1 ounce essential oil or fragrance oil of your choice.
Use 1/2 cup per load. This is a low-sudsing soap which removes dirt and odor and can be used in high-efficiency machines.
For more product recipes, check out Homemade Household Cleaners and Green Cleaning: Recipes for a Healthy Home.
Sources: Homemade Household Cleaners
Clean It Green!, C. Rogers, UF/IFAS Extension Suwannee County.
