Protect Yourself from Scams: FTC's Money Matters Resource

Overview of FTC's Money Matters

• Purpose: To help consumers navigate financial challenges and protect against scams.
• Resource: A free tool provided by the Federal Trade Commission (FTC).

Key Features

• Spotting Scams: Learn how to identify common scams that target consumers. For more insights on protecting your finances, check out our summary on Understanding Identity Theft: Prevention and Impact.
• Avoiding Scams: Tips and strategies to prevent falling victim to fraud. Enhancing your financial literacy can also help; see our guide on 10 Effective Strategies to Improve Your Financial Literacy.
• Reporting Scams: Guidance on how to report scams to the authorities.

Importance of the Resource

• With the ongoing financial strain due to the pandemic, scammers are increasingly active. Understanding the psychological effects of money can also play a role in your spending decisions; learn more in our summary on Understanding the Psychological Effects of Money on Spending Decisions.
• The FTC aims to empower individuals with the knowledge to protect their finances.

How to Access

• Visit ftc.gov/MoneyMatters to get started.