Money Management
How To Avoid Scams When Searching for ScholarshipsMay 5, 2008
Tuition and fees can add up to well over $30,000 per year at some universities. Many parents hope their children can secure a scholarship so that they can further their education without exhausting the family's savings. With scholarship dollars often hard to come by, and parents anxious to get them, it's no surprise that "scholarship fraud" is on the rise. In fact, people taken in by scholarship scams lose a total of $100 million annually, according to the college planning site FinAid.org. The good news, according to the Maine Society of CPAs, is that there are steps you can take to avoid becoming a victim.
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Protecting Your Child Against Identity TheftApril 28, 2008
Is someone using your child's Social Security number or other personal information to commit fraud? Unfortunately, the number of cases of identity theft committed against children is on the rise, according to the Federal Trade Commission. And parents may be completely unaware until the child is one day denied a driver's license or a college tuition loan because of the bad record that an identity thief has built in the child's name. The Maine Society of CPAs offers a series of steps you can take to prevent your child from becoming a victim.
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Medical Identity Theft: Don't Be a Victim!April 21, 2008
Many people are familiar with identity theft, in which con artists use another person's personal information to commit fraud. Identity theft encompasses a range of crimes, from using a stolen credit card to make an illegal purchase to employing a pilfered Social Security number to establish a new identity.
One truly alarming twist on this trend is medical identity theft, Maine Society of CPAs offers an overview of medical identity theft and steps you can take to avoid becoming a victim.
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Smart Tips for Managing YOur DebtApril 14, 2008
Debt is not always a bad thing. Taking out a loan can make it possible to buy a home, purchase a new car or send your child to college. However, building up too much deb, and failing to manage your outstanding balances wisely can be costly mistakes, according to the Maine Society of CPAs. Many American families have allowed their debt to get out of control, but there are smart steps you can take to remedy the problem.
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Five Ways to Save on Energy CostsApril 7, 2008
The average American household spends $1,900 a year on energy bills, according to the government's ENERGY STAR program. Whether you're preparing for the heat of summer or for winter's frigid temperature; or looking to lower your gasoline expenses; there are many practical ways to cut down on costs, according to the Maine Society of CPAs. And when you reduce your energy use, the environment benefits from lower greenhouse gas emissions. The tips below will help you save money and do the earth a favor.
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Savvy Steps in Shopping for a MortgageMarch 31, 2008
What's the best advice for people who are buying or refinancing a home? Get the best mortgage. According to the Maine Society of CPAs, shopping around for the best mortgage deal you can find and being informed about the right questions to ask mortgage lenders can be the most important things that you do.
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Tips for First-Time Home BuyersMarch 24, 2008
Given the bad times that have occurred in real estate prices lately, many first-time buyers may be wondering if this is a good time to enter the market. Purchasing a home can be an excellent investment, according to the Maine Society of CPAs, but there are some important issues to consider before you do.
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Tax Tips for Members of the MilitaryMarch 17, 2008
At this time of year, people are organizing their records in preparation for filing their tax returns. This is often a challenging task, and that may be particularly true for those who are serving in the armed forces. That's why the Maine Society of CPAs advises that anyone who is in the military or has family members that serve our country be aware of some of the special tax breaks and programs available to them.
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