Money Matters: Personal Identity Theft

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How worried should people be about becoming victims of identity theft?

  • Every two seconds, someone has their identity stolen. It’s the fastest growing crime in the U.S.

What do you recommend people do to protect themselves?

  • Guard Your Personal Information
  • Shred Sensitive Documents
  • Review Your Credit Report
  • Monitor Your Kids’ Credit Reports

What can Southern Bank do to help?

  • Identity Monitoring
  • Identity Recovery
  • Identity Restoration
  • Fraud Specialists
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Money Matters: Ways to Save

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What can you do to successfully save money?

  • Set Savings Goal
  • Determine Cost
  • Create Budget

What if you feel like there isn’t enough money in your monthly budget to save?

  • Track all your expenses for one week and see if there are any you can eliminate or reduce.
  • See if there are any ways you can earn extra income.

Once people start saving, what is the most important thing they can do to keep saving? 

  • Take stock regularly of how close you are to your goal.
  • Celebrate your successes.
  • Be ...
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Money Matters: Protect yourself from Card Cracking

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One new scam that is on the rise is card cracking. Learn more about how to protect yourself from it.

What is card cracking?

  • Online scam designed to steal banking information

What are methods of card cracking?

  • Fake Contests
  • Easy Cash Schemes
  • Fake Social Media Accounts

How do you avoid these scams?

  • Never give out your PIN or account number
  • Make sure business is legitimate
  • Stay alert on social media
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Money Matters: 401K Options for Small Businesses

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There are two affordable 401K options for small businesses.

  • SEP – Simplified Employee Pension Plan
  • SIMPLE Plan

How do these work like a 401K?

  • Employees contribute to their retirement
  • Employers can match the contribution
  • Employees can choose investment options

Can they still choose from stocks, bonds, money market funds, and mutual funds?

  • Yes; they can mix and match to meet their personal investment objectives and their risk tolerance.

When should you start saving for retirement?

  • It’s never too soon to start saving.
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Money Matters: Identity Theft Prevention

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Over a billion financial records fall victim to identity theft every year.
How do you protect your identity?

  • Be careful when giving out your information
  • Shred sensitive documents
  • Monitor your financial activity

How can you monitor your activity? 

  • Southern Bank app alerts will notify you for:
    • Credit or debit card usage
    • Bill payments
    • Account withdrawals

What happens when you identity is already stolen? 

  • Southern bank offers:
    • Free identity theft coverage
    • Fraud specialists
    • Identity monitoring
    • Identity restoration
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Stress Less with Holiday Tips from Southern Bank

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It’s normal to stress out during the holidays, but Southern Bank wants to take one thing off your plate: money worries.

The winter holidays will soon be here with the promise of good cheer and good times. Unfortunately, they’re also ticking time bombs in terms of stress. From family issues to gift choices, the holiday season can take its toll. Banking doesn’t have to add to the anxiety. Southern Bank brings you peace of mind with these ...

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