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SAVING TIPS

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Saving isn't as hard as it seems. If you're looking for some smart savings guidance, these money saving tips should help you start to build up a handy nest egg. ·Create a budget by adding up your monthly spend on essentials like rent, utility bills, food shopping and car costs, to see if you have any spare money that could be moved into a savings account ·Start saving with a basic savings account. Saving even a small amount will give you peace of mind and get you into the savings habit ·If you have more money available, consider a higher-interest account or invest in an ISA. If you already have an ISA, maximise your allowance for this year ·Start long-term savings as soon as you can. Speak to your employer about possible pension schemes to join ·If you get a windfall of money, think about putting a percentage of it into your savings.
MAKE SAVING MONEY A HABIT Saving money doesn’t have to be a chore. There are some easy ways you can get into the habit of saving money on a regular basi…

FRAUD WATCH Page 2 of 2:19-01-2020

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Scam callsFraudsters can phone people and pretend to be from your bank, the police, or other well-known companies. Scam calls can sound real and professional. But stop, 'take five' and think - is this call genuine?What to look out for:Unexpected calls - If you didn’t expect the call then it could be a scam. If you’re not sure, you can call back.Pressure calls - Fraudsters want to hurry you into making a quick decision. They may also ask you to 'trust them' and or 'keep it quiet' and not tell anyone about the call. Don’t trust anyone who does this.A need to transfer money - Scam calls (#Grab Finance, #Seek Finance, #BTC miner) can try to get you to transfer money for security purposes or to a safe/secure/holding account. Do not do this.Refunds - If a call offers you a refund that you are unaware of, it's a scam. Test transactions - If a call asks you to do a test transaction then it’s a scam. A real bank would never ask you to do this.Calls from the police -…

FRAUD WATCH 19-01-2020

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BUYING ONLINE The internet is a great way to buy and sell new or second hand goods. But you should look out for fake adverts on social media or trading websites.
WHAT TO LOOK OUT FOR
Bad reviews - Lots of good reviews from different buyers are better than mixed, bad or no reviews at all.
Amazing deals - If prices on a site are a lot lower than other sellers, it could be a scam.
Requests for advance payments - If an item is large and expensive, like a car, fraudsters may invite you to view then ask you to pay before you can pick it up. Once they have your money they'll disappear. Don’t pay until they hand the item over to you.
Odd ways of paying - A fake site may ask you to pay by direct bank or wire transfer. These are hard to trace. If things go wrong, you may not get your money back.
WHAT YOU CAN DO Take your time - Make sure an offer is genuine before you choose to buy.
Ask the seller questions - If a seller can't tell you any details about the goods or tries to hurry you into payin…

SAVING TIPS 2020

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Are you looking for some smart ways to save? these money saving tips should help you start to build up a handy nest egg.
Create a budget by adding up your monthly spend on essentials like rent, utility bills, food shopping and car costs, to see if you have any spare money that could be moved into a savings accountStart saving with a basic savings account. Saving even a small amount will give you peace of mind and get you into the savings habit (eg. Nationwide Flex-Basic) If you have more money available, consider a higher-interest account or invest in an ISA. If you already have an ISA, maximise your allowance for this yearStart long-term savings as soon as you can. Speak to your employer about possible pension schemes to joinIf you get a windfall of money, think about putting a percentage of it into your savings. Make saving money a habitSaving money doesn’t have to be a chore. There are some easy ways you can get into the habit of saving money on a regular basis.With a standing order,…

POSSIBLE FUTURE OF CRYPTOCURRENCIES

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With RMB bank announcing it’s withdrawal from services to crypto asset company bank accounts, what’s the contingency should this move by one bank snowball into a move by more. One bank should not be a cause for concern, it should rather serve as an indicator as to how the financial climate may be changing.


Without centralized banks, how can an Exchange, exchange virtual currency for legal tender? If you have say £500,000.00 worth of bitcoin in your wallet, without a centralized bank:
1.How does one withdraw the funds?
2.If the resource that backs the cryptocurrency is actually legal tender, how then will the exchange pay you without access to cash?
3.The £500,000.00 is worthless unless you can tradepeer to peer. Most commercial stores do not accept cryptocurrency as a form of payment due to the risks and volatility involved. Example, There is only one GBP andone USD however, there are many cryptocurrencies.
Now consider if the government were to mine it’s own version of a cryptocurrency …
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RE-CAP: THE WANGIRI SCAM


Wangiri call scams are calls from international numbers you don’t recognise and it’s a scam that could leave you seriously out of pocket. WHAT IS A WANGIRI SCAM? The word ‘Wangiri’ is Japanese and means ‘one ring and drop’. It’s basically what’s known in the UK, as a ‘drop call’. Calls usually cut off just as the phone rings, leaving a missed call notification from an unfamiliar number with the intention of playing on your curiosity. If you do happen to take the bait, you’ll be routed to an expensive, premium rate service. Phone companieshave taken the initiative to invest in intelligence systems to proactively screen incoming calls for fraudulent numbers and are automatically blocking numbers known to be used for fraud.


HOW TO PROTECT YOURSELF? If you get an unexpected call from an unknown, international or unusual number, here are some simple steps that you can take to protect yourself from Wangiri fraud:
1.Don’t answer any unexpected calls from unknown, internatio…