Be Careful What You Say and Do at Work

by Patrick on February 8, 2010

Do you know who is watching and listening to you at work? It’s probably not just the person in the cube next to you. The chances are very good that your employer has the ability to monitor your e-mails, phone calls, instant messages, and internet usage. Our company’s IT department actually has the ability to take control of our computers remotely (I found this out one day when I called our IT department with an issue and the tech took control of my laptop while on the phone with me, made some changes, and returned control of my computer to me).

While it sounds like a breach in privacy, many courts have sided with employers in regard to e-mail and other communication privacy issues. And many companies are using e-mail and instant message monitoring to protect their proprietary information and make sure employees aren’t using their time for non-work related activities.

Companies can monitor your communication

Like it or not, your company probably has the ability to monitor just about everything you do on the web or via phone. Companies monitor many forms of employee communication, often including e-mail, phone calls, voice mails, instant messaging, and internet use. The intent is often to monitor quality control and protect their intellectual property, and the results can lead to a lack of privacy and potential job loss for abuse. Here are some of the forms of communication some companies monitor.

E-mail and instant message. Every e-mail and instant message leaves an electronic trace as it passes through the system. Even if you clear your inbox, trash, and sent folders regularly, there may be a permanent record of your e-mails in the company system. The same goes for instant messages if you company uses those. For the most part your communications probably won’t be monitored unless it is a random check or there is good cause, but you never know.

Phone calls and voice mail. It is easy for IT departments to monitor which phone numbers are called, including frequency and duration of calls. However, it is more difficult to monitor the content because it takes an active listener and there may be state or federal laws involved depending on the type of phone call. Most companies have a written policy which states when and how they might monitor phone calls.

Internet usage. This is probably the biggest area for abuse. Monitoring internet usage is incredibly easy for IT departments. Many companies block “time and bandwidth wasters” automatically, usually sites such as social media sites (FaceBook, MySpace, twitter, forums), bandwidth hogs (YouTube, Pandora, other streaming sites), auction and shopping sites (Ebay, Craigslist, etc.), peer to peer sites, and other file sharing sites. But just because a site isn’t blocked doesn’t mean you should visit it from your work terminal. Depending on company policy, visiting some sites and abusing internet privileges can be grounds for instant dismissal.

Legalities of communication monitoring

I won’t profess to be a lawyer or dispense legal advice. All I can do is say there is a lot of gray area when it comes to monitoring employee communication. Some laws are more clear than others. Here are some articles I found helpful:

Whether you are an employee or employer, it is a good idea to review current communication policies and consult with an attorney if necessary.

Protect yourself

The obvious response would be to tell you not to do anything that could be used against you. But who really knows what that means? Does that mean never visiting CNN news on your lunch break? Or check the weather before your evening commute? The best advice I can give you is to treat all communication as though it is monitored and not to send anything you wouldn’t want your boss to know about.

It is also a good idea to refer to your employee handbook to read about your company’s communication policy. Most large companies and many smaller companies have a policy in place that should remove much confusion (this is to protect both the company and the employee). You can also speak with your HR rep, manager, or someone in the IT department to determine how much power they have and under what circumstances it can be used. In most cases, they will be happy to tell you what they can and cannot do. And the monitoring ability they have just might surprise you.

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H&R Block at Home Giveaway

by Patrick on February 7, 2010

Last week I wrote a review of H&R Block At Home to take a look at some of the changes to H&R Block’s do it yourself tax software. In addition to the name change (it used to be known as TaxCut), there are a few other changes, including an enhanced interface, more user friendly terminology and instructions, free audit support, and more. One of the best features is the ability to try it out for free; you will only have to pay for it if you print it or decide to e-file. There are different versions to handle almost any tax situation, and you can give it a free test spin here (only paying if you purchase it): http://www.hrblock.com/.

H&R Block at Home Giveaway

H&R Block sent me a copy of their software for review, and also agreed to sponsor a giveaway here at Cash Money Life. They gave me two copies to give away to readers.

How to win: Entry is free and easy. All you need to do is leave a comment with the personal finance or career topic(s) you are most interested in learning more about. I recently gave away a copy of You Need a Budget 3 using these rules and the feedback was excellent. I will the topics you all leave to help guide the content here in the coming weeks.

You can leave as many topic suggestions as you wish, but I will only accept one entry per person. The two winners will be randomly selected using a random list generator and will be announced in the weekly announcement post next Sunday. Deadline to enter is Midnight EST this Saturday. Void where prohibited. Good luck!

Recommended personal finance and career articles:

This week’s carnivals:

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Managing Your Money With Mobile Phone Apps

by Patrick on February 5, 2010

I don’t consider myself a techie – I’m usually a little late to the party when new technology is released, and I tend to let other people pay the early adopter’s tax for me. But I admit that I love the capabilities that the new smartphones have when it comes to games, apps, and other utilities. A couple years ago I didn’t think phones would be this powerful, now I have become accustomed to them!

Managing your money with mobile apps

If you have an iPhone, iPod Touch, or a smartphone that runs apps, then you can probably download multiple apps that make it easier to manage or monitor your money on the go. I’ve had the Mint.com and USAA.com mobile apps for awhile now, and I recently downloaded the Citi Mobile(SM) App when I found out about it.

If you want to be able to track your money on the go, and even transfer money, track bills, make payments, or otherwise manage your money, then I recommend seeing if your bank has an app available for your situation.

Citi Mobile App

I’ll use the Citi Mobile(SM) App as an example, because I’ve been exploring it’s features lately. The Citi Mobile app is free and can be used to manage both bank and credit card accounts (check out the Citi Platinum Select MasterCard for a great Citi card if you don’t already have one).

To download it, visit the Citi’s Mobile App page, click on the link for your phone. The Citi Mobile app supports the iPhone, smartphones, and dozens of other models from most major phone makers and carriers.

From there, you download the app, create your unique PIN for secure access, and go to town (in the event you lose your phone, no one can access your banking information).

Banking with the Citi Mobile App:

  • Check account balances
  • Pay bills
  • Transfer money
  • Find nearest Citi branch or ATM

Using Citi Mobile App for credit cards:

  • Check credit balance to avoid going over the limit
  • View transaction history
  • Pay bills

Both allow you to set reminders for bill due dates, contact customer service, and complete other tasks.

Mobile apps offer flexibility on the go

The biggest benefit to the mobile apps is information when and where you need it. By setting automatic e-mail or text message reminders, you can avoid late payments and the penalties and late fees that come with them. The same thing goes for overdraft fees or over the limit penalties on your credit card. The added benefit is that most of them use the same encryption level found on the bank’s normal website. Check with your bank or favorite financial management program to see if they have a mobile app.

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How to Buy Super Bowl Tickets

by Patrick on February 4, 2010

My coworker and I were discussing our bucket lists, you know, the list of things you want to accomplish or see before you die. He mentioned his dad’s biggest wish was to go to the Super Bowl, and we got on the topic of buying Super Bowl tickets. All we knew about buying Super Bowl tickets was that it is very expensive, and it helps to know someone. So we looked it up for fun.

How to Buy Super Bowl Tickets

The first thing you need to know is how the NFL distributes Super Bowl tickets. The distribution of Super Bowl tickets goes to a mixture of players, coaches and NFL personnel, season ticket holders, corporate sponsors, and the general public. Here is the Super bowl ticket distribution from Super Bowl XLII:

  • AFC Champion — 17.5 percent
  • NFC Champion — 17.5 percent
  • Host Team (Cardinals) — 5.0 percent
  • Other 29 Teams — 34.8 percent
  • NFL — 25.2 percent

75% of all tickets go to the NFL teams, with each team in the game receiving a total of 35%, the host team receiving 5%, and the rest of the teams receiving just over 1% each. The tickets allotted to the NFL are used for corporate sponsors, the broadcast network, affiliated companies, charities, fans, and more.

NFL Random Drawing for Super Bowl Tickets

The only method the NFL has to distribute tickets to the public is through a random drawing; there is no other way for the general public to purchase tickets from the NFL. The NFL also does not sell tickets to travel or ticket agents. The lottery system is free to enter and those selected have the opportunity to purchase up to two tickets at face value. Unfortunately, there is a very limited number of available tickets, some sources stating only 500 tickets are sold to the general public in any given year.

Entries for the random drawing are accepted between Feb. 1 and June 1 of the year preceding the game and winners are notified by mail in October or November. All ticket requests must be sent via certified or registered mail.

To enter into the random Super Bowl Ticket drawing, send a letter to:

Super Bowl Random Drawing
P.O. Box 49140
Strongsville, OH 44149-0140

Please note that only one request per address is accepted and duplicate requests will be disregarded.

Buying Super Bowl Tickets from players and season ticket holders

Most teams give a set number of Super Bowl tickets to their players and personnel, then hold a random drawing for their season ticket holders to distribute the remaining tickets. This can create a secondary market for the tickets. Many of the tickets that end up in the hands of ticket agencies (see below) were purchased from season ticket holders and team personnel. Players and coaches are not permitted to resell their tickets for more than face value, but it happens under the table.

Super Bowl Ticket Trivia: The NFL’s anti-scalping policy was brought to the nation’s attention in 2005 when Vikings head coach Mike Tice was caught scalping his Super Bowl tickets. He was fined $100,000 by the NFL and let go by the Vikings the following season.

Buy from a ticket agency

Every major ticket agency will have Super Bowl tickets. Check out StubHub, Ticketmaster, RazorGator, and TickCo. These are reputable companies and offer a guarantee, which is something you won’t get if you are buying them over Ebay, Craigslist, or from a ticket scalper. If you are going purchase Super Bowl tickets online, get them from a reputable agency.

How much are Super Bowl Tickets? The rate varies depending on several factors, including seat location, hype for the game, who is playing, venue, etc. They can currently be had for around $1300 each via RazorGator:

Buy from a Scalper

Caution, caution, caution! Before going this route, be sure you know the laws of the land. This year’s Super Bowl is in Florida, where scalping is legal. But scalping is not legal everywhere. Next, recognize that you are dealing with people you don’t know and a lot of cash (try finding a scalper who will accept anything other than cash).

Do your research to find out as much as you can about the current street price of the tickets, and be wary of any seats being sold below the current rate. In short, be prepared to shell out some serious cash. You also want to do as much research as you can regarding the actual tickets. Find out what some of the security features are. Ask the scalper to see the tickets. If they don’t have them available at the moment then ask when you can meet up to see the tickets. (This is common because scalpers often work in teams and don’t want to have thousands of dollars worth of tickets on them all the time). You may wish to see several sets of tickets before you are comfortable you are receiving a legitimate ticket. I’ve heard that some venues and teams offer broker zones, so look into this.

Above all, be cautious. Be careful carrying large sums of cash (arrange to meet the ticket scalper at a predetermined time if necessary), and remember that with scalpers, all sales are final.

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Surely you’ve seen at least a couple of ads for debt relief services as you’ve been watching television.

Some of the ads make promises that must sound pretty enticing to someone carrying an unmanageable debt load and struggling to get by. But not all debt relief services or personal circumstances are created equally.

For someone who truly needs some professional help to get out of debt, it is crucial that they understand the different types of debt relief services and the pros and cons of each.

Debt consolidation

This is simply a loan. You borrow enough money to pay off all of your other accounts. It’s basically trading debt for debt, but it can work. There are to key pieces to successfully using a consolidation loan to pay off your debt. The first is to make sure you get a good interest rate that is lower than your current interest rates. The second is self-discipline. Too often, people take out consolidation loans, but continue to use their credit cards. Ultimately they end up in double debt trouble.

Two common forms of debt consolidation include a Home Equity Line of Credit, a loan against the equity in your home, and a balance transfer credit card which transfers your credit card balance to a low interest rate, often as low as 0%.

Credit counseling

Credit counseling involves a meeting, either in-person or via phone, with a credit counselor who will review your financial situation and possibly offer you a debt repayment plan, referred to as a debt management plan, or DMP. A credit counseling session can help you get a better picture of your situation, and often there is no cost for the session. A DMP is one in which the credit counseling agency gets your creditors to lower your interest rates, so more of your monthly payment goes towards your principal balances. But, you are no longer allowed to use credit. The monthly fee is usually under $50.

A DMP may not be the right plan for you if your debt is so great that you cannot afford to make adequate monthly payments, or if you are not committed to living life without using credit. Also, your credit report may show that your accounts are handled by a credit counseling agency. However, at the end of the program that notation drops off, and your accounts will be shown as “paid in full.”

Debt settlement / negotiation

These are probably the ads you see most often. If you choose to use a debt settlement company, representatives will tell you to stop paying your creditors and make a monthly payment to the settlement company. Once you’ve saved up a lump sum of money, the settlement company will attempt to negotiate with your creditors to accept a lesser payoff amount.

Settlement companies typically charge an upfront fee of 10 to 15 percent of your total debt, even if they cannot successfully negotiate your debt. Some companies require their clients to sign over power of attorney. You run the risk of being sued by your creditors since you’ve completely stopped paying them. If your creditor forgives more than $600 of your debt, you will be required to pay income tax on the forgiven amount. Also, your credit report will reflect that you settled the account for less than you owed, which is a red flag to future lenders.

If you do choose to go the settlement route, you can handle the negotiations on your own without paying a company exorbitant fees. Just make sure you get any agreement with your creditors in writing and make sure you understand the implications to your credit report, credit score, and taxes.

Examine your needs and choose wisely

Take some time to look at your financial situation, your circumstances, and the pros and cons of all available options.You can probably create your own debt consolidation plan, but the other options require you to work with another company and your creditors. Ultimately, it’s up to you to decide which method is the best to pay off your debt.

Kristen Doerschner is the public relations coordinator for a non-profit debt relief agency and a freelance writer. Through her writing, Kristen covers a variety of topics, but specializes in issues related to financial education.

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