Smart About Money: “No one told me that” – Life & Money After High School

Anyone graduating from high school in 2020 has had a unique opportunity to see first-hand and very young how life actually works.

In life, there are many things to look forward to.

There are also many things that no one looks forward to – losses of all kinds, including for many of this year’s graduates the loss of their last semester at high school and the loss of the chance to celebrate graduating with their classmates.

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Smart About Money: If you’re determined to be more prepared next time …

Over the course of the past several weeks, the entire world has been through what will almost certainly be an indelible experience of dealing with sudden, drastic, unwanted change.

Even many people who had the time, opportunity and determination to prepare for such a scenario found themselves shocked and shaken by the reality of it, especially in the way their families might be affected.

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At Canton Co-operative Bank, your deposits are 100% insured – here’s how that works

Your deposits at Canton Co-operative Bank are 100% insured by the FDIC and the DIF.

In the Frequently Asked Questions section of the FDIC web site, it says: “The FDIC – Federal Deposit Insurance Corporation – is an independent agency of the United State Government that protects you against the loss of your insured deposits if an FDIC-insured bank fails. FDIC insurance is backed by the full faith & credit of the United States government.”

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Coronavirus update: Massachusetts Attorney General urges citizens to be extra-vigilant to avoid Coronavirus-related scams

Attorneys General across the country are issuing warnings to their state residents to be on high-alert for a surge in scams and frauds related to the unprecedented fear and confusion that has been brought about by the Coronavirus.

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Smart About Money: Gift cards are “real money”

It’s all too easy to lose track of the reality that gift cards are cash equivalents. A skeptical consumer might wonder if the companies like it that way. After all, every gift card that’s not fully redeemed is “free money” for them. Gift cards that aren’t redeemed at all are obviously even better.

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Smart About Money: “But I haven’t really thought about it …”

A personal finance blogger recently wrote a post encouraging his readers to beware of financial “experts” offering “contrarian advice.”

His point was that there are a lot of people out there trying to make a name for themselves – and, hopefully, get rich – by becoming financial gurus.

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