The Mudcat Café TM
Thread #165433 Message #3994788
Posted By: Stilly River Sage
01-Jun-19 - 10:23 AM
Thread Name: De-clutter & Fitness: House, job, life 2019 - 2020
Subject: RE: De-clutter & Fitness: House, job, life - 2019
Yesterday my local NPR station played a program called Brains and Losses that looked at the specific problem of what older people are or aren't thinking when they fall victim to financial scams. Part of it seems to be brain development. So as I thought about my ability and that of friends and family to avoid that kind of thing, I remembered a relative who did fall for a pitch (from an insurance company that "manages investments" but takes a cut every time they touch the money - that couple lost a substantial percentage of their retirement savings before another relative stepped in to put it back someplace safe.) And realized that as long as I pay hefty monthly interest on credit cards I've also set myself up for a different sort of fleecing.
That considered, I picked up a handful of documents and headed down to my credit union and consolidated that card debt. When the loan officer asked what brought me in, I told her about the radio program she noted where to find it. She said they see that kind of scam too often. I may also refinance the new vehicle, I would save only $10 or so a month, but over the course of five years, that adds up.
Cleaning this morning in preparation for friends coming over for lunch.