Credit Card Readers – HTLHB http://htlhb.com/ Fri, 14 Jan 2022 14:29:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://htlhb.com/wp-content/uploads/2021/06/icon-1-150x150.png Credit Card Readers – HTLHB http://htlhb.com/ 32 32 This woman was charged $10,000 for a 1-mile cab ride in SF. When she challenged the bill, things got even more outrageous https://htlhb.com/this-woman-was-charged-10000-for-a-1-mile-cab-ride-in-sf-when-she-challenged-the-bill-things-got-even-more-outrageous/ Fri, 14 Jan 2022 14:29:53 +0000 https://htlhb.com/this-woman-was-charged-10000-for-a-1-mile-cab-ride-in-sf-when-she-challenged-the-bill-things-got-even-more-outrageous/ One evening last September, Margarita Bekker and her husband, Chris Schlesinger, got into a San Francisco cab. Her 1.1-mile Yellow Cab ride to a rooftop birthday dinner took 11 minutes. Bekker paid by credit card through the driver’s PayPal terminal after the cab’s built-in device failed to read her card. The taximeter showed a fare […]]]>

One evening last September, Margarita Bekker and her husband, Chris Schlesinger, got into a San Francisco cab. Her 1.1-mile Yellow Cab ride to a rooftop birthday dinner took 11 minutes.

Bekker paid by credit card through the driver’s PayPal terminal after the cab’s built-in device failed to read her card. The taximeter showed a fare of $7.90 and she added a 25% tip for a total of $9.87. The driver said she would receive a receipt via email, which never happened.

A few days later her credit card statement arrived. She was amazed to see that she was billed a whopping $9,875 for this short trip — 1,000 times what it actually cost.

It seemed like an obvious mistake: that the driver must have accidentally or intentionally entered extra digits. She called Bank of America, her credit card issuer, to report fraud. Eventually, the bank said it wasn’t a scam since they offered their credit card themselves, and they had to file a billing dispute, which they did.

“After reviewing the documentation, we found that the amount you were billed was charged correctly,” the bank said in a letter verified by The Chronicle.

In other words, she was on the hook for $9,875.

For Bekker, 51, a Russian immigrant who does medical interpreting at a local hospital, $10,000 is equivalent to three months’ rent and utilities for her home in Redwood City.

Margarita Bekker and husband Chris Schlesinger took a 1.1-mile cab ride from the Powell BART station to a restaurant for his birthday dinner in September and were charged nearly $10,000.

Lance Yamamoto/Special for The Chronicle

“It’s going to be essentially like all of my savings,” she said. “I will have no more pillows.”

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9 reasons to love the Costco Anywhere Visa Card https://htlhb.com/9-reasons-to-love-the-costco-anywhere-visa-card/ Wed, 12 Jan 2022 19:52:18 +0000 https://htlhb.com/9-reasons-to-love-the-costco-anywhere-visa-card/ Trong Nguyen / Shutterstock.com If you’re a frequent Costco shopper, be sure to have Citi’s Costco Anywhere Visa® Card in your wallet. Costco Anywhere offers cashback rewards, which you can use to shop at the retail giant, along with a host of other benefits that set this card apart from all others. If you already […]]]>

Trong Nguyen / Shutterstock.com

If you’re a frequent Costco shopper, be sure to have Citi’s Costco Anywhere Visa® Card in your wallet. Costco Anywhere offers cashback rewards, which you can use to shop at the retail giant, along with a host of other benefits that set this card apart from all others. If you already have a Costco membership and are looking for a credit card to complement your love of Costco deals, here’s why the Costco Anywhere Visa® card is the ultimate shopping partner.

Read: 50 ways you’re throwing money away
Check Out: 9 Successful Moneymaking ‘Schemes’ (That Are Actually Legal)

Get 4 percent Cash Back on Gasoline

Of course, this also applies to Costco gas stations. Receive 4 percent back in cash every time you fill up, redeemable at Costco. This offer applies to the first $7,000 per year wagered on the card. After you reach that amount, you will still get cash back for gas purchases, but it will go down to 1 percent.

Read: Shopping mistakes you make and how to stop them

Receive 3 percent cashback on Restaurant & Travel

Put money back in your pocket every time you dine out with the Costco Anywhere card. The card allows you to get 3 percent back on eligible travel expenses like airline tickets, hotel bookings, rental cars, and ride-sharing services like Uber and Lyft. There is no limit to how much cashback you can earn for these categories each year. All Costco Anywhere Visa® Card Cashback Awards redeemable as a gift card at Costco at the end of the year.

Get 2 percent back when you shop at Costco

A Costco card can be expected to earn rewards for shopping from its namesake. Every purchase made at Costco or on Costco.com will set you back 2 percent to use directly with Costco. It’s like getting a deal with every Costco purchase.

Read: 15 times you should splurge, settle down or skip while shopping

Receive 1 percent back on any other purchase

Even if you spend money on something that isn’t gas, restaurants, travel or at Costco, you still get 1 percent back. This can add up quickly if you use the card a lot, resulting in a pretty hefty end-of-the-year gift certificate for Costco.

There is no annual fee

Many credit cards require you to pay an annual fee just to use them. With the Costco Anywhere Visa® card, you can use the card for free as long as you have a Costco membership. Customers have reported receiving a $500 Costco gift certificate at the end of the year, which is more than worth it when you consider the maximum amount you pay for a membership is $120 .

See: 11 things you should never buy new

No foreign transaction fees

Whenever you travel abroad, your Costco credit card works just like it does in the United States. You will not be charged extra on your bill just because you have used the card abroad. And with 3 percent cashback on travel expenses, this card is indeed an excellent choice for your next international trip.

Get early access to event tickets

Every Citi card comes with a special Citi Entertainment® benefit. That means you get early access to buy tickets to thousands of events including concerts, games, luxury and dining experiences.

Shopping: 50 Purchases Shoppers Almost Always Regret

The card is contactless

If you’re looking for a hassle-free shopping experience, the Costco Anywhere Visa® card comes with a contactless chip that lets you simply tap the card into the card reader instead of pulling out and pushing or inserting the card. The chip itself also adds an extra layer of security, better protecting you from fraud.

Get travel insurance

The Costco Anywhere card offers robust travel insurance coverage, provided you charge that card for all of your travel expenses. You are covered for up to $250,000 in travel accident insurance, in addition to up to $50,000 against paying for damage caused by theft or accident when renting certain cars. You also get 24/7 roadside assistance, which can come in handy when you’re on the road and your car breaks down.

More from GOBankingRates:

About the author

Sam DiSalvo is an LA-based comedian, writer and actor who has performed across the country. Her written work has appeared in numerous digital publications. As a copywriter, she has worked with a variety of big brands including GoldieBlox and Thrive Causemetics. Sam loves dogs and is currently looking at suits to buy for her corgi mix, Barry

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High Court dismisses card users’ swipe fee lawsuit against banks https://htlhb.com/high-court-dismisses-card-users-swipe-fee-lawsuit-against-banks/ Tue, 11 Jan 2022 01:10:00 +0000 https://htlhb.com/high-court-dismisses-card-users-swipe-fee-lawsuit-against-banks/ By Christopher Cole (Jan 10, 2022, 8:10 p.m. EST) – The U.S. Supreme Court on Monday upheld a District II ruling, a lawsuit by cardholders against so-called interbank fees, levied by several major banks, including HSBC not to revive and JPMorgan Chase. The judges turned down a petition to review the Second Circuit’s decision without […]]]>
By Christopher Cole (Jan 10, 2022, 8:10 p.m. EST) – The U.S. Supreme Court on Monday upheld a District II ruling, a lawsuit by cardholders against so-called interbank fees, levied by several major banks, including HSBC not to revive and JPMorgan Chase.

The judges turned down a petition to review the Second Circuit’s decision without comment. Card users submitted the petition to the appellate court on November 11 after it was lost, where a three-person panel ruled in June that Mastercard and Visa Inc. cardholders did not pay the fees themselves and are therefore not entitled to challenge them in court.

The cardholders alleged in their litigation that HSBC Finance Corp., …

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Will sports betting encourage addiction? You can bet on it https://htlhb.com/will-sports-betting-encourage-addiction-you-can-bet-on-it/ Sun, 09 Jan 2022 08:15:30 +0000 https://htlhb.com/will-sports-betting-encourage-addiction-you-can-bet-on-it/ Ben Affleck, the movie star and avid gamer struggling with alcohol addiction, is one of the most visible players in sports gambling. He is the focus of a TV advertisement for the mobile betting app WynnBET. “We all want to win,” says Affleck. “Let’s win together!” Aaron Paul, the actor who played just an addict […]]]>

Ben Affleck, the movie star and avid gamer struggling with alcohol addiction, is one of the most visible players in sports gambling. He is the focus of a TV advertisement for the mobile betting app WynnBET. “We all want to win,” says Affleck. “Let’s win together!”

Aaron Paul, the actor who played just an addict on “Breaking Bad” and turned himself off harsh drug use after watching his girlfriend get consumed with addiction, is a spokesperson for Bet365, a sports betting app. It has more than 63 million users worldwide and offers newbies $ 500 credit to join. “You have to ask yourself why I am not a member of the most popular sports betting company in the world?” Asks Paul in an ad.

Those who scroll through these two apps are offered sports betting legs – betting on money lines, touchdowns, parlays, fight results, total hits, and other outcomes. At the bottom of the screen is this notice: “If you or someone you know has a gambling problem and needs help, call 1-800 GAMBLER.”

You call me old-fashioned, but with sports betting enjoying pandemic expansion, shouldn’t we worry more about the possibility of a surge in gambling disruption? And isn’t it terrifying that people who should know better are enthusiastic about this?

As a reminder, for most gamblers, betting is recreation. Based on historical data, only about 1% of adults in the United States have a serious problem such as: B. Gambling addiction. About 2 to 3% of adults have less serious problems; they are not addicts, but gambling causes them financial and social misery. Most people bet for fun.

The problem is that these small percentages represent 6 to 8 million people. And most of the academic and clinical studies of gambling disorder in the United States were conducted when legal sports gambling was restricted to Nevada and back room betting with bookmakers was not digital. The boom in sports betting that began three years ago after the US Supreme Court overturned Nevada’s monopoly, along with the accessibility of mobile devices and apps, mean that a significantly larger and younger proportion of Americans are now at risk. It will take researchers some time to keep track of the current sports betting world and the problems that individuals and communities may encounter.

“We have conducted a massive cultural experiment in gambling and are bringing gambling to America in ways unprecedented in the world,” said Keith Whyte, executive director of the National Council on Problem Gambling, a research and advocacy group. “Nobody, at least from an addiction perspective, has seen the effects on problem gambling.”

“Groups like ours are being asked to investigate the potential negative effects of new tools and technologies without access to private companies’ internal data and product information,” he added, citing regulatory failures. “State gaming commissions are almost prisoners of the industry. They submit to the industry and do not understand some of the new technologies. “

When mainstream companies took over the gambling business decades ago, they were more disciplined than their organized crime predecessors in analyzing which forms of betting were most profitable and appealing. Slot machines quickly supplanted table games in the center of casino floors. The abundance of data such machines could collect on what players liked helped casinos make their games more lucrative and potentially more addicting. Apps and other digital gambling offerings are even more data-centric than slot machines and can be optimized to take advantage of features that make gambling compulsive, such as:

Irish gambling company Flutter Entertainment doubled its sales last year thanks to many of its brands, but most notably FanDuel, one of the most popular sports betting apps in the U.S. Flutter also bought Sky Bet from Rupert Murdoch’s media company last year, now the most popular gambling company. UK app

The New York Times recently reported that Sky Bet used its app’s data profiling software to investigate a compulsive gambler’s betting history and favorite sports with such precision that it could essentially haunt him and become addicted – even if he tried to quit. “They took his addiction and converted it into code,” an attorney representing the player told the Times. Sky Bet told the Times that it did not target vulnerable players and that it “took the responsibility for safe gambling incredibly seriously”.


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Clarifications and complexities of the new 1099-K reporting requirements https://htlhb.com/clarifications-and-complexities-of-the-new-1099-k-reporting-requirements/ Fri, 07 Jan 2022 18:13:09 +0000 https://htlhb.com/clarifications-and-complexities-of-the-new-1099-k-reporting-requirements/ If you are self-employed, freelance, work on a contract with no withholding tax, or part of the gig economy, you may be used to receiving Form 1099-NEC or 1099-K (formerly 1099-MISC). from business customers or customers who paid you at least $ 600 during the year. If you accept credit / debit cards or use […]]]>

If you are self-employed, freelance, work on a contract with no withholding tax, or part of the gig economy, you may be used to receiving Form 1099-NEC or 1099-K (formerly 1099-MISC). from business customers or customers who paid you at least $ 600 during the year. If you accept credit / debit cards or use third-party clearing houses like PayPal, you may get a form you’ve never seen before to file tax returns for 2022 starting in 2023, – Form 1099-K, Payment Card and Third Party Network Transactions, and it can get a little trickier, especially if you’re not prepared for it.

What is Form 1099-K?

Form 1099-K, Payment Card and Third Party Network Transactions, is an informational feedback that tracks payments, including those made with credit cards; Cash apps like Venmo or Square Cash App; Online payment services such as PayPal or Stripe; and freelance platforms that manage payments like Uber or Upwork. It reports the gross amount of reportable transactions for both the calendar year and the corresponding months to the IRS and to those who accept the payment cards or third-party payments.

New rules

Form 1099-K is sent to payees who accept credit cards or payments processed through third-party networks. The de minimis, also known as the minimum amount exception for reporting third party network transactions, were payments of more than $ 20,000 and 200 transactions for the year. That threshold was drastically lowered from $ 20,000 to $ 600 in 2022 with no minimum number of transactions.

Why the big change?

Payment processing units (merchant acquiring units and third party processing organizations) must report payment card and third party network transactions. This reporting requirement began in early 2012 for payment card and third-party network transactions. The COVID-19 pandemic resulted in an influx of gig economy workers who joined the others before they reported their income incorrectly or inaccurately – either intentionally or unintentionally – for not receiving a Form 1099-K. Third-party reporting of information has been shown to increase voluntary tax compliance and improve surveys and assessments within the IRS.

The importance of the records

Understanding and properly claiming all of the deductions available to you is more important than ever because the “Gross Amount” on the 1099-K is the total unadjusted dollar amount of payment transactions made to you. This amount may not be adjusted to account for fees, refunds, or any other amount prior to being reported in the 1099-K and the IRS. This means that Form 1099-K should include the value of transactions processed for you in the past year, as well as any expenses paid by your customers on your behalf, such as those expenses and should report higher income than you received.

If you allow your customers to receive cashback when they use their debit cards to make purchases, then your Form 1099-K will include the cashback amounts as part of the gross amount of the payment card transactions. You would typically not include any cashback amounts on your income tax return or claim it as a business expense. It is important that you keep a record of customer cashback activity during your tax year. If you allow your customers to receive cashback when they use their debit cards to make purchases, the 1099-K you receive will include those cashback amounts as part of the gross payment card transactions. In general, you would not include cash back amounts on your income tax return as part of your gross earnings. It is important that you keep a record of customer cashback activity during your tax year.

If you’ve shared your credit card terminal with another person or company, your Form 1099-K will contain payment card transactions from the person or company who shared your terminal in addition to your own payments. If necessary, you must file and provide informational feedback for those with whom you have shared a card terminal, including the total payment card transaction amount and any other revenue belonging to them. If necessary, you should submit and provide an appropriate information declaration (e.g. Form 1099-K or 1099-MISC) for each person or company with whom you have shared a card terminal. The information return should include the total amount of the payment card transaction in addition to any other income for the other person or company. You should keep a record of payments made to any person or company sharing your terminal, including, but not limited to, written agreements on shared terminals and canceled checks.

This is also a great example of why you shouldn’t mix up your personal and business finances: the 1099Ks store all of your transactions. While you should only include business expenses on your tax return, the IRS won’t know otherwise, and questions – and exams – exist.

1099-K versus 1099-MISC (now 1099-NEC for non-employee compensation)

Another mistake to watch out for is duplicate transactions. The IRS has directed that any 1099-NEC or 1099-MISC payments reported on a 1099-K should only be reported on the latter form. To avoid double taxation, keep detailed sales records and watch out for double payments. Organizations must deploy a 1099-NEC for non-employee compensation of $ 600 or more. Credit card payments must be reported on Form 1099-K, not Form 1099-NEC. However, if the transactions were through credit card or third party processors, chances are they could be reported incorrectly on both forms.

Report 1099-K information

After you have thoroughly checked your credit card / payment card receipts and merchant statements to make sure the amount is correct, report gross receipts or sales and business expenses on the tax form that you would normally submit. If you are a sole proprietorship, record the information from Form 1099-Ks as income and subtract fees and other business expenses that are included in the grand total in Appendix C. Remember that the gross amount of a reportable payment on Form 1099 -K does not include adjustments such as credits, discount amounts, fees, refund amounts, or other amounts. Partnerships and corporations report amounts on Form 1099K as part of their gross income on their respective income tax returns.

If your business has more than one source of income, you may need to report the Form 1099K amounts on more than one line, return, or schedule; For example, if you have both a retail store and rental income and you use the same credit card terminal for both ventures, your 1099-K will include gross credit card receipts for both. You must rely on your own accurate records to properly report gross retail receipts in Appendix C and rental activity in Appendix E.

Contacting the applicant or using Form 1099-K. listed payment processing agent

You must contact the Form 1099-K submitter using the information in the top left corner of the form if you receive a Form 1099-K that does not belong to you, if it contains errors or contains a dealer category code that does not accurately describe yours, or in other cases, to find out why you received it or to request a corrected Form 1099-K. If you do not know the applicant, you can contact the payment processor using the name and number in the lower left corner of the form to find out why you received the form or request a revised Form 1099-K. Retain all correspondence and relevant documentation on errors. If you can’t correct your Form 1099-K, the IRS says you can correctly report your income and include a return on your tax return.

If you use Form 1120, 1120S, or 1065 to report your business income and then receive a Form 1099-K with your unique name and social security number, request a corrected Form 1099-K with your company’s tax identification number and request the Use of the deal number in the future. If you have changed your business structure during the year, e.g. For example, if you converted from a sole proprietorship to a partnership and continue to use the same card reader, the amount on the 1099-K may not match your new company’s tax return. Let your merchant acquirer know of any change in the name and tax identification number that links the terminal to your current business structure.

Another case when you should request a revised Form 1099-K is if you bought or sold your business during the year and your Form 1099-K includes payments for transactions that were made before or after the transaction, because the tax identification number and the company name start with a. connected credit card terminal has not been updated.

Hobby or business?

Online auction sites like eBay are an example of how important this is. eBay sellers may receive Form 1099-K, but may be required to report and pay taxes based on how they are selling on the site. If it is considered a hobby by the IRS, income must be reported but expenses cannot be covered. If they are running their eBay account more like a business they should report your sales to the IRS but are allowed to make deductions.

Something like a craft business during the holidays can also raise questions. If you bring credit cards to a craft show, you will be provided with a Form 1099-K; In addition, if you accept payments from an outside processing organization, you will receive 1099-K of this, even if the total amount of payments for goods and services exceeds $ 600 during the year when you would previously only have received one for the latter.

While the new rules for IRS oversight are necessary as the gig economy and freelance work continue to expand, they can and will affect people even if they get them for a relatively small sideline rather than a primary source of income. If in doubt, consult a tax advisor.

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Candace J. Dixon has been an accountant since 1996. She holds a bachelor’s degree in accounting from Saint Leo University in Tampa, Florida and is a Certified Advanced QuickBooks ProAdvisor. She specializes in tax and advanced accounting and is familiar with the Internal Revenue Code and the gig economy. Her areas of expertise are tax advice, tax planning and research into complex tax issues. She is currently employed as a Senior Tax Accountant at CWSEAPA PLLC in Orlando, Florida. www.craigwsmalleyea.com.


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PSCU works with the Tarrant County Credit Union https://htlhb.com/pscu-works-with-the-tarrant-county-credit-union/ Wed, 05 Jan 2022 15:00:47 +0000 https://htlhb.com/pscu-works-with-the-tarrant-county-credit-union/ PSCU has announced that it will partner with Tarrant County’s Credit Union (TCCU) to provide debit and credit card processing services and support, according to a press release emailed to PYMNTS. “As with the PSCU, it is clear that the experience of the members is central to all of the services and offerings of the […]]]>

PSCU has announced that it will partner with Tarrant County’s Credit Union (TCCU) to provide debit and credit card processing services and support, according to a press release emailed to PYMNTS.

“As with the PSCU, it is clear that the experience of the members is central to all of the services and offerings of the TCCU,” said Chris Gunnare, Senior Vice President and Chief Sales Officer at PSCU. “We are excited to have the opportunity to work with the credit union team to provide their members with the industry-leading tools, technology and support that our CUSO [credit union service organization] is known.”

Based in Fort Worth, Texas, TCCU has assets of over $ 117 million, and has been in business for over six decades. According to the press release, it aims to achieve the “financial goals of its members” and through this partnership be able to offer more advanced debit and credit card processing technologies.

Lily Neufarmer, President and CEO of TCCU, said PSCU “had everything we were looking for in a trusted partner,” adding that PSCU had already done well in providing support and training to help with the transition.

PYMNTS writes that the PSCU was also recently selected as a partner to work with the New England Federal Credit Union (NEFCU).

See also: PSCU is being tapped by Vermont-based NEFCU as a processing partner

NEFCU serves 12 counties in Vermont and four in New Hampshire. It has 95,000 members and over $ 1.9 billion in assets under management.

Like TCCU, NEFCU was looking for a partner who could deliver a strong digital solution for the future. Susan Leonard, senior vice president and chief financial officer, said the idea is to bring advanced digital and mobile services to NEFCU members.

“Our ultimate goal was and always will be to offer our members the highest standard of service in order to exceed their expectations and needs,” said Leonard.

NEFCU will use PSCU’s credit services from 2022 and debit services will be launched in 2023.

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NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About:More than half of US consumers believe that biometric authentication methods are faster, more convenient, and more trustworthy than passwords or PINs – so why are they using less than 10%? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception and usage gap and to find out how companies can increase usage.


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We asked 10 people about their resolutions for the new year 2022 https://htlhb.com/we-asked-10-people-about-their-resolutions-for-the-new-year-2022/ Mon, 03 Jan 2022 14:20:00 +0000 https://htlhb.com/we-asked-10-people-about-their-resolutions-for-the-new-year-2022/ Editorial independence We want to help you make more informed decisions. Some links on this page – clearly marked – may lead you to an affiliate website and may result in us earning a referral fee. For more information, see How we make money. Delyanne Barros has set a goal of reaching a net worth […]]]>

We want to help you make more informed decisions. Some links on this page – clearly marked – may lead you to an affiliate website and may result in us earning a referral fee. For more information, see How we make money.

Delyanne Barros has set a goal of reaching a net worth of $ 1.5 million by 2022, which she never thought possible when she had $ 150,000 in student debt in 2008.

“All my life I assumed that I would work full-time until I was 65,” she says. “Changing that narrative is like getting a second chance in life.”

If you want 2022 to be a better year for your money, a New Year’s resolution could be a good place to start.

New Year’s resolutions are not for everyone, and there is plenty of wiggle room between thousands of dollars in debt and growing your net worth to $ 1 million. But for some people, resolutions can be a way to start a new year – especially when it comes to money.

When you have good New Year resolutions, you can help yourself by keeping your goals realistic – with numbers tied – and by feeling compassionate for yourself if you eventually fall off your horse. Just keep going, but maybe take a different approach, says financial therapist Carrie Rattle.

“It takes a while to build self-esteem,” Rattle said in a recent interview with NextAdvisor about how to stick to New Year’s resolutions. “Go back to the triggers or the event that threw you off track, or the size of your goals. Is it too much You have guessed to the best of your knowledge and belief, and now we’re trying something new. “

In the last few weeks of 2021, we asked 10 people to share their 2022 money resolutions. Here is what they said, along with some tips you can apply in your own life.

Delyanne Barros

Position: Expert in personal finance and founder of the Money coach

Resolution 2022: Reach FIRE (Financial Independence / Retire Early) target of $ 1.5 million

As: Barros plans to achieve financial independence through her business and investments, which she believes will be in the seven digits by 2021. Barros says she doesn’t bloat her lifestyle too much and is pouring most of her money into her investment accounts, which are mostly made up of index funds and ETFs.

What you can do: FIRE is a movement that encourages people to live below their means so that they have more money to invest in early retirement or part-time work. Determining your personal FIRE number is easy and can be an instructive way of orienting your investment goals.

Dyana King

Position: Money Coach and Founder of Money Boss Mama

Resolution 2022: Max out Roth IRA for the first time

As: King plans to increase her direct deposit to her Roth IRA by reducing some non-essential items in her budget and increasing her income through her money coaching business and outside employment. “I’m working on a new course that will increase my income and stay on the sidelines all year round,” she says.

What you can do: A Roth IRA is a popular retirement provision tool that allows you to grow your wealth tax-free over time. Opening a Roth IRA can be done in minutes and is a great first step towards investing for many people.

Tarra Jackson

Position: Personal finance expert and author

Resolution 2022: Keep sharing your financial language with others

As: Jackson wrote a book called “The 4 Financial Languages: The Secrets of Communicating About Money” that focuses on figuring out which financial language you identify with most to help you communicate with your partner when it is is about money. She wants to continue educating people about this issue because it “controls how you communicate about money, how you deal with money, how you will use money and even debt”.

What you can do: Your mindset and communication style both play a huge role in how you manage your money. If you have a negative attitude towards money, there are a few things you can do to change it in a positive way, such as: Money scriptto be conscious of your money and find the balance between self-worth and wealth.

Douglas Bonearth

Position: Financial advisor and founder of Bone Fide Wealth

Resolution 2022: Not applicable (Boneparth says he is “not a great believer” in New Year’s resolutions

As: Boneparth is not a fan of New Years resolutions. He says you shouldn’t wait for a specific time in the year to pursue a monetary goal or pursuit. Instead, pursue it when it makes the most sense to you and your financial goals because “there’s never a bad time and it’s never a one-off,” he says. “I know it’s very different from what people are going to tell you, but I don’t believe in New Years resolutions that much, especially when it comes to money. If that [New Year] is your calling, great. But don’t forget that you keep working on it. “

What you can do: If you don’t have big New Year resolutions either, here are 40 smart money moves you can make now or anytime – from starting a passive source of income, to talking to your partner about money, to buying an index fund.

Stella Shon

Position: Author for The Points Guy

Resolution 2022: Start by paying off your student loan debt

As: Shon has taken advantage of the federal student loan repayment hiatus for the past two years, but once it expires, she plans to pay off her student loan debt. She says one challenge will be figuring out how to fit her upcoming loan payments into her current lifestyle, which involves a lot of travel. “I’m really trying to strategize and pay the lowest possible interest rates and incorporate that into my daily budget,” she says. “It’s not about paying them off right away. It’s about finding a sustainable plan that fits my overall lifestyle. “

What you can do: If you have a federal student loan, you have a few months before repayment resumes. The payment pause for federal student loans has been extended to May 1, 2022. However, you can now prepare a few things, such as: B. Update your account information, rethink your repayment strategy, and create a backup plan if you cannot afford payments.

Carrie rattle

Position: Financial therapist and founder of Behavioral Cents

Resolution 2022: Change your money mindset

As: Rattle wants to work to change her attitude towards money because her husband is considering retiring. She says they may start using some of their wealth that they have saved all their lives and she will need to change her mindset to accept that there is not that much income coming. because I grew up thinking that money is security. “

What you can do: There are three things you can do now to achieve the retirement you envision: start saving, make retirement saving a habit, and set a retirement goal.

Jeremy Schneider

Position: Personal finance expert and founder of the popular Instagram account, Personal Finance Club

Resolution 2022: Find more ways to donate to charity

As: Schneider achieved financial independence at the age of 36, which means he can live for an indefinite period without having to work for an income. Since he is young, he wants to keep growing his wealth through his investments so that he can achieve his goal of giving more to charity. “The ultimate goal of money shouldn’t be to die with the biggest money in your bank account; but to maximize its usefulness while we’re still here, ”he says. “In short, I think the purpose of life is to be happy and to help people, so I want to do these things whenever I can.”

What you can do: An effective way to make change and empower others is to give financial support to nonprofits and companies that make a difference. And you don’t have to look far – for example, you can support small businesses in your local economy, or even donate your credit card rewards to your favorite charities.

Larry jump

Position: Financial advisor and founder of Mitlin Financial

Resolution 2022: Gain better knowledge of crypto, blockchain, and NFTs

As: Sprung finds this area fascinating and would like to understand it better, especially since he is receiving more and more inquiries from customers. He plans to open an account with Coinbase and do the best of his education by reading and talking to people who have crypto expertise to learn from them.

What you can do: Crypto was a hot topic in 2021, and everyday investors are curious to see how and if it fits into their portfolio. However, experts say you should resist the hype and approach crypto with the same mindset that you bring into your regular investment strategy. If you are interested in investing in cryptocurrency, ask yourself these four questions first.

Shang Saavedra

Position: Personal finance blogger and founder of Save My Cents

Resolution 2022: Sell ​​your home in New York City (without a seller representative to save on commission)

As: In 2022, Saavedra’s life will change dramatically as she moves her family from New York City to Southern California. “It will be a big change for our family of three,” she says. She plans to meet her goal by 2022 by speaking to others who have sold their homes in the past to better understand the keys to success.

What you can do: Selling a home is about getting the best deal by making your home stand out – while spending as little additional time and money as possible. In trying to sell your home like Saavedra there are several ways you can tweak your strategy such as:

Mike and Brit Miller

Position: Personal Finance YouTuber

Resolution 2022: Increase your net worth by 50%

As: The Millers want to grow their net worth ASAP in 2022 because they want to volunteer. Their net worth has doubled in the past 12 months, and they want to do the same things in 2022 that they did in 2021: work, learn, invest and try to make money that doesn’t depend on your time. You currently have some passive sources of income including YouTube. Mike says how quickly they can grow their net worth in 2022 will depend largely on how the stock market performs. “We want to be an example that you don’t have to work 40 years to retire,” he says.

What you can do: You can literally make money while you sleep. It’s called passive income that allows you to live and work anywhere and not have to rely on staying in one place to earn a paycheck. Here are seven ways to successfully generate passive income.



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A Forward Looking Tarot Reading for 2022 https://htlhb.com/a-forward-looking-tarot-reading-for-2022/ Sat, 01 Jan 2022 19:37:14 +0000 https://htlhb.com/a-forward-looking-tarot-reading-for-2022/ Many tarot readers have New Year readings at this time of year, and I am no exception. It’s a ritual that I always look forward to. I put on my most comfortable clothes and filled a huge mug with my favorite tea. Once I was nice and comfortable, I would draw cards from multiple decks […]]]>

Many tarot readers have New Year readings at this time of year, and I am no exception. It’s a ritual that I always look forward to. I put on my most comfortable clothes and filled a huge mug with my favorite tea. Once I was nice and comfortable, I would draw cards from multiple decks and just spend hours talking to the cards.

Whether you are a tarot reader or not, I encourage you to take some time to reflect on the past year and plan for the future. Start by giving yourself some credit for things that went well. Next, try to think of some things you did badly without apologizing for them. Understand why they happened and evaluate if you think you can do better in the future.

After shaking hands with this past, focus on the year ahead. Think about what you are looking forward to or what you want to achieve. And I have some advice for that. This is what I ask questioners as I ponder questions to ask the cards, and I think this advice works just as well in life: formulate your intentions in the most positive way you can.

For example, if your current year has been stressful and you want to be free from it, don’t say, “I don’t want to be so stressed next year”. It’s not about what you don’t want; It’s about what you want. A better expression for this wish could be: “Next year I want to devote myself to the search for inner peace.” Since reality is what we can perceive, we can create new realities by changing our perspectives.

The following is a new annual reading for the collective. For this reading, I have pondered my feelings toward society today – good and bad – and ultimately turned them into the intent of contributing to the trust and good faith of our communities.

How can I make a positive contribution to society?

Card: Alchemist

The alchemist, known as the magician in most decks, has her own destiny in her hands. In front of her are the emblems of the four elements, which symbolize that she has everything she needs to be successful on her chosen path. The background is painted red, the color of will and passion. This implies that in addition to skills and resources, she has focus and determination.

When I show up in this position, the alchemist reminds me of what I used to think that contributing to society meant. I thought it should be something noble, like charity or activism. There is a notion that it must be a “worthy cause”.

However, as I grow and become more comfortable with myself, I am beginning to realize that contributions don’t have to change the world. Every path is different and the best way to contribute is to simply be the best version of ourselves. So if you’re a baker, you bake; If you are a cinephiler, keep watching these movies! By simply enjoying our passions with joy and helping others to do the same, we will add to the positivity of this world.

How can I learn and grow from past experiences?

Map: moon

The moon represents our subconscious. More specifically, it can represent the things we try to suppress, such as our fear and shame. But like Pandora’s Box, while it’s scary, it’s not all bad. Our full potential lies beneath all the unpleasant things we’d like to hide. If we suppress any aspect of ourselves, we risk locking something precious away with it.

Most of us have things we don’t like about ourselves. For those who can spare some compassion for themselves, ask what burdens we have carried. Whether it’s anger, guilt, insecurity, or things that are so scary we can’t even risk naming them, think about how it would feel if we could live without these things. What aspects of our true selves can surface when these burdens are lifted?

Orientation aid

Card: judgment

Instead of asking a specific question, I looked for open-ended instructions for this internship. What wisdom does the universe want to impart to us at this time?

Although not the last card in the major arcana, the judgment marks the end of a journey. This is a nice contrast to the magician who shows up at the beginning of a journey to remind us that we have what it takes to succeed. Here comes the judgment to reinforce their message.

While there are many ways to interpret this card (and every other card in the deck), I think that it is meant to remind us that those who are empowered don’t need to worry, and neither do we, feel about the judgment of others should be forced to judge. If we go our own way happily and give others the freedom to do so, we will all contribute to a civil and respectful society.

Wing is a GTA-based tarot reader and teacher. You can find her on Instagram @tarotmechanic


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Commissioner Fried gives tips on how to protect against fraud and skimmering | News, sports, jobs https://htlhb.com/commissioner-fried-gives-tips-on-how-to-protect-against-fraud-and-skimmering-news-sports-jobs/ Fri, 31 Dec 2021 05:15:24 +0000 https://htlhb.com/commissioner-fried-gives-tips-on-how-to-protect-against-fraud-and-skimmering-news-sports-jobs/ Florida Agriculture Commissioner Nikki Fried shares Florida tips for avoiding travel fraud and gasoline skimming over the holidays. “As many Floridians prepare for their vacation trip, it is important to take steps to protect yourself and your family from gasoline rooms and other travel fraud.” Fried explained. “There are simple steps like paying in-house instead […]]]>

Florida Agriculture Commissioner Nikki Fried shares Florida tips for avoiding travel fraud and gasoline skimming over the holidays.

“As many Floridians prepare for their vacation trip, it is important to take steps to protect yourself and your family from gasoline rooms and other travel fraud.” Fried explained.

“There are simple steps like paying in-house instead of at the pump and calling to confirm travel reservations directly that can greatly reduce the chance of falling victim to one of these scams.”

According to Commissioner Fried and the Florida Department of Agriculture and Consumer Services, here are five tips consumers can use to avoid dispenser skimmer fraud:

• Pay inside instead of at the pump: It is much less likely that a skimmer has been placed on the payment terminal in front of the clerk at the petrol station or in the supermarket. Take the few extra minutes to pay indoors with cash or a credit card to protect yourself from fraud.

• Look closely at the pump: Avoid open or unlocked pumps that have the tamper-evident security band cut or removed, or that otherwise appear unusual. If something appears cracked, loose, or tampered with, try a different pump. Some newer pumps may also have encrypted credit card readers – look for a glowing green lock icon near the credit card reader.

• Payment by credit card: If a credit card number is skimmed off, you are protected by the card issuer‘s zero liability policy – but a stolen debit card number could do far more damage. If you need to use a debit card, use it as a credit instead of selecting Debit Card and entering your PIN. Use a credit card reader if available.

• Choose pumps that are closest to the physical building: Do not use pumps that are out of the employee’s line of sight, such as around a corner or behind a building. Thieves who place skimmers are less likely to put them in pumps where the store clerk could catch them in the act.

• Check your card statements and sign up for fraud alerts: Almost every credit card issuer offers fraud alerts, and many will send you an email or text message when your card is in use at a gas station. Regularly review your credit card and debit card transactions to ensure that no fraudulent activity has occurred. Consumers who suspect that their credit card number has been compromised should immediately report this to the authorities and their credit card company.

When in doubt, consumers should contact the Florida Department of Agriculture and Consumer Services – all consumer complaints will be investigated. To file a consumer complaint, visit FloridaConsumerHelp.com or call 1-800-HELP-FLA.

Background information on pump skimmers

Skimmers – small electronic devices illegally installed in gas pumps – first appeared in Florida in 2015 and have grown since then. The Florida Department of Agriculture and Consumer Services’ Bureau of Standards regularly inspects gas pumps and analyzes samples of petroleum products to ensure that quality products are being offered to consumers. Through careful efforts, the number of skimmers has dropped from 1309 in 2021 to 398 in 2021.

Skimmers may be undetectable to consumers due to their location in dispensers and have the potential for fraudulent credit card charges of $ 1 million per skimmer. They range from simple devices that clip onto internal cables that criminals must later retrieve, to sophisticated devices that transmit stolen credit card information via Bluetooth and automated text messages.

See FDACS.gov/skimmers for more information.

The Florida Department of Agriculture and Consumer Services (FDACS) regulates travel sellers and most are required to register and leave a security deposit that can be used for refunds. Visit www.FloridaConsumerHelp.com or call 800-HELP-FLA (435-7352).

The Federal Trade Commission (FTC) offers the following tips for good travel planning:

Protection against travel fraud

Partner up with companies you trust and get a copy of the company’s cancellation and refund policy. When someone says you won “for free” Vacation but have to pay, just go away.

Call to review your reservations and arrangements: get the details on all of them “five stars” Resorts or “Luxury” Cruise ships that promise – including what other travelers have to say about them. Confirm all arrangements yourself. If you cannot reach a person from the travel company to answer your questions, consider moving your travel business elsewhere.

Consider using a travel app: Travel apps can help you find airfare and hotel prices, get fare notifications and real-time deals, and manage your itinerary.

to ask about “Resort Fees”: When you book a room online, you expect the price displayed to be the price you pay. But extra costs are often mentioned “Resort Fees” – for services such as fitness facilities or internet access – can increase the accommodation costs of your stay. If you find out that a hotel didn’t tell you the full story about mandatory fees, in addition to filing a complaint with the company, file a complaint with the FTC.

Reception Fraud: Travelers should be aware of phishing scams targeting hotel and motel guests. The thieves call a hotel room from an untraceable number and pretend to be a receptionist. They will let you know that there appears to be a problem with your credit card information and they will need to double-check all of your information or request an alternate payment method. If the hotel you are staying at has a problem with your credit card information, they will explain the situation to you upon check-in. If there is a problem, another payment method will be asked immediately.

Here are a few tips to keep in mind when staying at a hotel or motel:

• Make all payments face to face.

Always book your hotel with a credit card instead of a debit card. Many credit cards have fraud protection.

• Do not share your location on social media.

• Never give information over the phone when you receive a call at your hotel.

• Go straight to the front desk if someone calls you about a problem with your credit card.

Nikki Fried is Florida Agriculture Commissioner


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Letters to the Editor: The Wallet | Reader writes https://htlhb.com/letters-to-the-editor-the-wallet-reader-writes/ Wed, 29 Dec 2021 03:00:00 +0000 https://htlhb.com/letters-to-the-editor-the-wallet-reader-writes/ I thought I locked the car. I knew I had locked the car. I thought I knew I had locked the car. My wallet was on the driver’s side floor. My favorite wallet that opened like the palms of prayer hands. My daughter gave me the wallet for my birthday and there were pictures of […]]]>

I thought I locked the car. I knew I had locked the car. I thought I knew I had locked the car. My wallet was on the driver’s side floor. My favorite wallet that opened like the palms of prayer hands. My daughter gave me the wallet for my birthday and there were pictures of cats on both sides. I’d tossed everything out of my ragged old wallet and carefully slipped my credit cards and driver’s license, as well as AAA and library IDs into the slots on the new one. Then I put a couple of bills in my wallet. It worked so well – better than any wallet I’ve ever owned. The little gold snap made it easy to open, and the cat-covered case felt smooth in my hands. I loved it.

Yesterday I was walking across the newly opened bridge that spans Meadow Street between Buttermilk Falls and Home Depot. A bridge that has been mysteriously closed to pedestrian traffic for years. To ease the weight of my purse as I walked, I took out the wallet and placed it on the floor of the car where I thought it would not be seen. Then I got out and locked the car. What a thrill it was to walk across this once useless bridge and watch the traffic below me! Also exciting to follow the trail to a hidden pond on the Home Depot site.

The exhilaration from the walk accompanied me all the way home and up the many stairs to my apartment. When I put my wallet away, however, I noticed how easy it was and knew I had forgotten to put the wallet back, which must still be on the floor of the car. But I was tired. I knew it was in a place no one would see. I also locked the car. The next morning I went down to the parking lot, took out my key, hit the “unlock” button and heard it click. I opened the car door and saw with terrifying clarity that the wallet was gone. My heart sank. How could that be? The car showed no signs of burglary. There were several dollar bills in the alcove where I kept my sunglasses. Why would a burglar take the wallet and leave the cash behind? Had he – she – been surprised by someone walking by? Why wasn’t the car door ajar? The glove box open? Why did my car look exactly as I left it, apart from the missing wallet?

With pity I trotted up the stairs to my apartment again. I called the police. I opened my computer, logged into my VISA account, locked it and ordered a new card. I called the bank and was told that no new withdrawals had been made. A friendly policeman came to my door and filled out a form to take to the DMV office so they could issue me a new driver’s license. At some point I had to apply for a new health insurance card, library card, vaccination certification card, Shoppers Club card, and other cards I couldn’t remember. I thought of the burglar. Was it just cash he was after? My meager forty dollars? Had he spent it on drugs? Had he tried using the VISA card, found the account blocked, and threw it away in disgust? Had he given the wallet with the silky cat cover to his girlfriend, who flipped through the contents and laughed to see that Patsy was 85 years old and had a card that said she had a pacemaker? Would I ever see my wallet again? Would I even want to?

How did the burglar get into my car? The question still stays in my head. I locked the car after my walk. I know I locked it. Or did I just think I knew I finished it? It’s a question I’ll never know the answer to.

(Editor’s note: We heard from Emily that she found her wallet! Phew!)


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