Save money this holiday season; Protect yourself against fraud

Courtesy of CreditDonkey

I know I am looking for a good value this holiday season. This economy is driving consumers online looking for free shipping deals, convenience and more variety. And, with gas prices, I would rather shop online and skip the traffic.

Other rising trends include shopping at discount stores, I love Dollar Tree. And, I spend more time focusing on my immediate family instead of worrying about everyone else.

The infographic shows how following these trends can save you money and make the holidays more enjoyable this year. The statistics show many shoppers will spend more at discount stores than before. Online holiday shopping will continue to grow annually. Here is a summary of how consumers are saving money during the holidays in these tough economic times:

■Focusing their spending on immediate family members and less on coworkers and acquaintances

■Saving on travel, dining out, and taking advantage of deals and free shipping by shopping online

■Shopping on special shopping days when stores have good deals

■Arriving at stores earlier to take advantage of Black Friday specials

■Spending more time on religious services and family activities

■Spending less money attending and hosting holiday parties

■Giving back by volunteering

Preventing Fraud


Usually, credit cards offer more security and protection than debit cards. Consider using a credit card instead of a debit card this holiday season.

Fraud Tips for the Holidays

■Do not give out any account information to fraudulent sources that call you or email you. During the holidays, callers and emailers often pose as banks, retailers, credit card companies, and even charities to swindle unsuspecting consumers.

■Make sure gift card offers are legitimate. Scammers often email fake gift card offer during the holidays. If it looks too good to be true, it probably is.

■Keep your account information private, and only share it when necessary.

■Shred all documents containing your account information, whether it is banking, credit/debit or other financial information. Better yet, consider opting to receive your statements electronically.

■Review your credit report. You are entitled to a free credit report annually.

■Review your credit card statements regularly to make sure there are no fraudulent purchases. If there is, learn how to dispute a credit card charge.

■If your credit card is lost or stolen, report it immediately.