Each week, the #FridayFive brings you the top five tweets that highlight important or trending topics from the Twitterverse. While we hope that you're on the @AmericaSaves Twitter bandwagon, we want to be sure that you're getting the best and latest from this week's personal finance, savings, and financial news.
Now that Halloween has passed (kudos to those with the amazing costumes from last week's blog!), the buzz has begun for the holiday season. Fortunately, our friends and followers are starting off the way any good goal-setting starts - with a plan.
This week’s #FridayFive highlight the top holiday spending/saving tips, helping you get your season started:
1. Alright, I admit that this first one is a little self-serving in that it highlights a guest blog post on America Saves earlier this week. But give us some credit! Barbara O’Neill, Ph.D., CFP®, Extension Specialist in Financial Resource Management, Rutgers Cooperative Extension, knows her stuff. This guest post got a lot of people talking seriously about goal-setting for the holidays and she set an important ball in motion. Check out her post for 10 truly terrific ways to get a grip on your holiday finances.
2. The Federal Trade Commission was all over the holiday buzz this week too. While their list highlights many of the same - uh, that makes sense - points as Dr. O'Neill's, they draw attention to some serious considerations that we as consumers need to be wary of. Price check websites. Keep your receipts. Be aware of identity theft risks in online and off-line shopping. Check the link below for the full list of tips.
3. This Thursday, Military OneSource hosted a military-minded tweetchat (#MilConsumer) to discuss safe and savvy holiday spending and saving. Here, chat participantMilitary Saves shares a few quick tips for finding some extra cash to fund your holiday, making it easier to stick to that holiday spending plan!
4. Perhaps Black Friday isn't your cup of tea - that doesn't mean you can't support your community during #SmallBusinessSaturday or do your shopping from home during #CyberMonday. We were reminded in this week's #WBChat, however, that there are many ways to plan out your holiday spending that incorporate philanthropy and giving into the festivities. Check out #GivingTuesday and find out what that day of giving back is all about!
5. Are you on the lookout for marketing traps disguised as "savings" this season? If not, you ought to reconsider. @MsMadamMoney herself reminded us that 10% off on something that's going to cost you 30% APR isn't worth the "savings" you may feel you're earning.
BONUS: All this online shopping and holiday talk really got us thinking about the risks of identity theft. Our Campaign Coordinator for Wisconsin Saves reminded us that we sometimes can put ourselves at risk without realizing what we've done until its too late. Protect yourself and your banking information!
Thanks for joining us for this week’s #FridayFive! We’ll see you here next week.