It’s that time of year when many young people are getting ready to head to college. Going to college can be exciting, fun…and expensive. And we’re not just talking about tuition, room and board. There can be a lot of unexpected, small expenses that can add up. Expenses like new clothes, school supplies, books, furniture, a computer, and spending money. Get a good start on your higher education by learning, or brushing up on, some personal finance skills while you’re hitting the books. Here are a few tips to help you stay on top of your expenses and be financially fit come graduation day:
Whether you’re a renter or a homeowner, chances are you care about protecting the environment – and saving money. Here are some tips from STAR Bank and the American Bankers Association to help you do both.
If you’re settling in to a new home, there are some important things you need to consider. STAR Bank and the American Bankers Association recommends the following tips.
Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 5 to 20 percent of the home’s value. STAR Bank and the American Bankers Association suggests the following tips to help save for it:
Everybody makes mistakes with their money. Here is our list of the top mistakes young people (and even many not-so-young people) make with their money, and what you can do to avoid these mistakes.
The Heartbleed Bug is a flaw in certain versions encryption technology called OpenSSL. Many financial institutions like STAR use OpenSSL to secure your username and password on their websites. It provides a secure connection as evidenced by the padlock symbol in the address bar of the website when you are conducting a transaction online.
Basically, experts recently discovered the padlock could be picked because of this Heartbleed Bug in OpenSSL. Criminals could then access visitors’ personal data like username, passwords, credit/debit card numbers, and e-mails from the website.
The version of OpenSSL used by STAR’s online banking was not vulnerable to this bug at any point. The currently installed version has not changed and has never been vulnerable, keeping your information secure.
You may have seen in the news media that cyber experts are recommending that you change your passwords to all critical websites. Since STAR was never vulnerable to the bug you do not need to change your STAR password because of the bug. However, STAR recommends that you change your passwords on a regular basis.