Cybersecurity Insights: Protect Your Child’s Identity

Cybersecurity Insights: Protect Your Child’s Identity

By Jared Hoffman Protect the young person you love. Many under the age of 16 don’t have much money, a line of credit or even a job. Cybercriminals don’t care. They have made this group of youth their No. 1 target for identity theft. In this video, cybersecurity specialist for the BAM ALLIANCE Jared Hoffman explains why children are targeted, offers some warning signs that a child’s identity has been compromised, and shares preventative steps to keep this from happening to a young person you love. To view original article click here. By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them. The opinions expressed by myself and other featured authors are their own and may not accurately reflect those of Lifeguard Wealth. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice. © 2018, Lifeguard Wealth As always, if you have any questions please contact Lifeguard...
4 Ways to Be a Financial Lifeguard for Your Children

4 Ways to Be a Financial Lifeguard for Your Children

By Joe Delaney My son was recently home from college. I was relaxing on the couch one evening when he called me over to his laptop to ask for help. He had been looking at his credit card statement online. Something was wrong. It appeared he had been charged a double payment. He was naturally a little alarmed. As it turned out, he had simply signed up for auto pay. Wanting to make sure he didn’t go into arrears, he had made a manual payment just before auto pay kicked in. Easy mistake. I told him I’ve done it myself. If only it were always this easy to protect our children from the perils of financial ignorance. We parents have our work cut out for us if we want to be their financial lifeguard. Here are four ways to do it. 1. Financial Literacy It’s important to start teaching our children about money at a young age.  Teaching them how to save their allowance is the first step. Later, you can empower them with a checking account. My kids had checking accounts (joint with me) before their teenage years so we could show them how to balance their checkbook. Unfortunately, the ability to see account activity at a moment’s notice through online banking has made it very tempting to think balancing a checkbook – or even having a check register – is unnecessary. Banks can still make mistakes, however. It’s important to teach kids to do their own accounting. We also need to help them establish credit, and teach them what it’s for.  An easy way to do this...