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Internet Scammers

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Obviously we all know about internet scammers. These scum-of-the-earth types who tend to prey on older folks who don’t know any better. It’s something I’ve heard people talk about for years, but I’ve never actually known anyone who has fallen victim to these scams. Until today, that is.

One of my dear childhood friends just posted on Facebook a series of screenshots to help warn others of internet scammers. My friend’s mom is a recent widow, her husband just passed not quite a year ago. She is still grieving, lonely, sad. In a word…vulnerable.

So when some creep online (with a fake profile/pretending to be a high-ranking individual in the military) reached out and initiated an online relationship, she jumped at the chance to fill the aching void in her heart. His story was that he needed money for military purposes. The U.S. doesn’t negotiate with terrorists, so he needed money to free one of his servicemen.

Over the course of the past few months, she’s been wiring this creep money over and over again. In total, she’s sent over $100,000. A huge chunk of her entire retirement savings.

My friend (her daughter) just found out about it and is, obviously, totally heartbroken over the whole thing. Since the internet scammer is in another country, it will be hard to find him and there’s almost no chance of recouping the lost funds. What an agonizingly painful lesson to learn the hard way.

I post this today to bring attention to this issue and warn readers to help look out for the loved ones in their life who might be vulnerable to this type of attack. My siblings and I had been worried about this with our dad. When he was first diagnosed with dementia, he still had access to his bank account. Even though I took over managing and paying his bills, he still had a debit card and would occasionally go to the bank to get cash just to have on-hand. It’s tough to take away a grown-ups’ freedom and we tried to go slowly with one thing at a time (first he moved to Texas, then to an independent living facility, then we took away the car, then we took his credit/debit cards, then he moved to a locked memory care facility). But while he had access to his money, we all knew he was a likely target. He once showed me one of those fake million-dollar-bills quite excited because he thought he’d stumbled across a *real* million dollars! Not a person who should have access to large sums of money.

It’s a sad story and a cautionary tale. I’ve also heard of much more sophisticated scams taking place via Facebook. Ones in which an individual will find personal information (e.g., children’ names, grandchildren’ names, etc.) and use the personal information to fabricate stories and lies in an effort to acquire money from the victim. So sad for those who fall victim! Be careful, y’all!

Do you know anyone who has fallen victim to one of these internet scammers? Has anyone tried to scam you before?

Christmas is Around the Corner

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merry christmasI have been amazed at the number of my Facebook friends who are already decorating for Christmas. I am really looking forward to doing just that, but will definitely wait until after Thanksgiving. It will be really new for us as we got rid of my of our Christmas stuff with the exception of a few personal things. We don’t even have a tree! (Last year we spent Christmas in Georgia and Texas so didn’t do anything in regards to decorating.) With that being said, the decorations are not the point of this point.

I’ve already purchased/made presents for all my Texas family and will ship them right before Thanksgiving. The total cost for those 6 presents was less than $50 – 3 brothers, 1 sister and my parents. The money came from my discretionary spending (I get $20 per week from the allowance line item) so it is not in my budget, as will the remainder of my presents. My kids will purchase presents from their allowance or money they earn.

However, the Christmas holiday is a minefield for those of us who do not always make the wisest financial decisions. I am wanting to stop the madness and work with a budget.

Christmas Tips and Tricks

Here’s what I’ve come with up so far as I start planning.

  1. Purchase tree from Boy Scout troop (my little cousin is a boy scout and his dad will deliver it for free.)
  2. Homemade decorations from Pinterest boards. (I’ve got a ton of crafty stuff so I believe this will be free using supplies we have on hand.)  The only exception is lights, we don’t have any for the tree.
  3. Presents for my kids – a book, a game/toy/crafty item and a clothing item for each child. I would also add a stuffed stocking and a personal gift. (This is where I really need a budget!)
  4. We are eliminating candy this year, but typically that would be my go to cheap present.
  5. I also need to limit who I buy presents for as I love giving gifts…don’t we all.  I am going to sit down soon and make a list. Then I must stick to it.

How do you keep Christmas under control? What tips and tricks can you give me to stay on the right track financially?