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Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
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Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Online investment scams are fraudulent schemes that use deceptive techniques to convince people to invest money through fake online platforms. These scams often promise exclusive or insider trading tips with lucrative returns. Anyone can be a target.
Victims reported nearly $6.5 billion in losses in 2024 according to the FBI’s 2024 Internet Crime Report. As a group, people over the age of 60 suffered the most losses at nearly $5 billion and have submitted the greatest number of complaints.
Promises of easy wealth with low risk and high returns, theses scammers convince victims to “invest” using a platform resembling a legitimate trading website or app. The scammer then advises the victim to make higher value investments. Once they try to make a large withdrawal, the scammer disappears with the funds.
Recovery of funds in online investment scams, especially involving cryptocurrency, is nearly impossible, so it is best to avoid getting involved in the first place.
Education is key to avoiding online investment scams. Keep these things in mind when you meet people online:
Don’t respond to unsolicited text messages
Be cautious if someone wants to move to a different communication channel
Beware of new contacts or friends who encourage you to invest with them, especially in virtual currency, including cryptocurrency and stablecoins
Don’t click links or download apps/services that someone else sends you
Be mindful of ‘exclusive’ or ‘secret’ investment opportunities or people who encourage you to be dishonest with current financial advisors
Know how to spot a fake website
If it sounds too good to be true, it is
If you believe you have fallen victim to an online investment scam, do the following:
Stop all communication.
Report it.
Change your passwords and monitor your accounts.
Check for viruses
Teaching our kids about money management can be challenging, whether they are young children or teenagers earning their own wages; as parents and mentors it is our responsibility to lead by example in all aspects including finances.
Verbalize your money decisions so kids hear the thought process. “I’m buying the store brand because it’s cheaper and tastes the same.” “We’re waiting for that furniture to go on sale rather than paying full price.” “I chose this car because it’s reliable and affordable, not because it’s fancy.”
Kids don’t automatically understand adult financial reasoning. Making it explicit teaches values and strategies. Include failures too-“I wish I hadn’t spent money on that subscription we never use.” Honesty about mistakes normalizes imperfect financial management while showing that improvement is possible.
Pay kids consistent allowances that aren’t dependent on completing household responsibilities. Basic chores are family contributions everyone makes because they live in the house.
Allowance teaches money management by providing a regular income that kids control. The amount matters less than consistency and the requirement that kids manage it.
Young children might receive a few dollars weekly. Older kids need larger amounts as their expenses increase.
The allowance should cover some discretionary spending, but not everything kids want. This creates real decisions about priorities and trade-offs. Kids learn budgeting only when they control money and face the consequences of spending it poorly.
Young children understand money better when they see it physically. Divide allowance into clear jars or envelopes labeled spending, saving, and giving.
Kids watch their savings grow visibly. They see spending money decrease when they buy things.
The physical representation makes abstract concepts concrete. As kids get older, they transition to apps or bank accounts, but start with tangible money.
The visual division reinforces that money serves multiple purposes simultaneously. Kids learn that not all money is immediately available for spending. The physical act of dividing money each time they receive it builds habits.
When kids want something, let them spend their own money rather than just saying no. The regret of wasting money on something that breaks immediately or turns out boring teaches more than lectures.
Don’t rescue kids from bad purchases by replacing the item or refunding the money. The experience of “I wish I hadn’t bought that” creates better decision-making next time.
This only works if kids have enough money to make meaningful purchases. Start with small stakes; a five-dollar toy that disappoints, and scale up as kids mature.
Real consequences create real learning.
Take kids to open savings accounts in their names. Let them deposit money and track how interest accumulates. Even tiny interest amounts teach that money can grow without additional deposits. Explain compound interest using concrete examples.
Show how $100 saved now becomes more over time without additional work. As kids get older, introduce checking accounts and debit cards.
Teach how to read statements, track spending, and reconcile balances. The earlier kids interact with actual banking systems, the less mysterious financial institutions seem.
Help kids categorize desires into needs (food, housing, basic clothing), wants (nicer versions of needs or helpful items), and wishes (things that would be nice but aren’t necessary). This framework helps kids evaluate their own spending requests.
When they ask for something, work through which category it fits. “You need shoes because yours have holes. You want those specific expensive sneakers. You wish for the limited edition ones.” Understanding these distinctions helps kids prioritize and accept delayed gratification for wishes while still getting needs met.
Explain how credit cards work, including interest charges on unpaid balances. Use concrete examples showing how a $100 purchase becomes $150 if only minimum payments are made.
Discuss good debt such as mortgage loans to purchase a home, versus bad debt such as credit card balances for discretionary purchases. For older teens, explain credit scores and how they affect future opportunities.
This preparation prevents common young adult mistakes like maxing out first credit cards. Kids who understand debt’s true cost make better decisions when they control credit.
Demystifying credit removes both fear and dangerous naivety.
Teaching kids about money isn’t a single conversation or even a series of lessons. It’s an ongoing process of modeling, explaining, and creating opportunities for practice.
Some lessons will be explicit-“let me explain compound interest.” Others will be caught rather than taught, like kids observing how you handle financial decisions.
The specific strategies matter less than consistent engagement with money topics. Kids need exposure to financial concepts appropriate for their ages, real practice managing actual money, and reflection on results.
Start where your family is financially and teach what you know. Acknowledge what you’re still learning.
The goal isn’t raising kids who are perfect with money, but kids who understand that money is manageable, that mistakes happen, and that thoughtful approaches work better than avoidance or impulsiveness.
Digital payments have become the most commonly used payment method in the United States. However, that doesn’t mean paper checks no longer play a role. In fact, more than 20% of noncash payments are made with checks. Unfortunately, check fraud is on the rise.
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN)reported that between 2022 and 2024, there was a 4% increase in filed check fraud-related complaints. And in 2024, the number of complaints topped a record-breaking two million.
With check fraud running rampant, you may wonder how to tell if a check is fake, what to do if you believe you have received a fake check, and what happens if you accidentally deposit a fake check in your bank account.
How to Spot a Fake Check
These days, cutting-edge technology can help scammers produce fake checks that look convincing. However, there are a few characteristics to look for that can be clues to whether or not a check you’ve received is legitimate.
Here’s how to tell if a check is fake:
Rough Edges
Typically, when individuals or businesses write checks, they are torn out of a book. Perforated edges help check writers easily remove the check. In that case, at least one edge of the check should be perforated or feel rough to the touch. If all four edges of a paper check are smooth, there’s a likely chance the check is bogus.
Bank Logo and Address
A legitimate check features the issuing bank’s logo on the front. If there’s no bank logo on a check you’ve received, it’s likely to be a fake.
The quality of the printing counts, too. If the logo appears faded, it could have been scanned from a real check or taken from an online source.
MICR Line
Every legitimate check includes the Magnetic Ink Character Recognition (MICR) line. This line consists of three sets of printed digital characters at the bottom of the check. The characters include the bank’s routing number, the number of the account from which the check is written, and the check number, as well as two printed Transit Symbols that work with the bank’s check-reading device.
The characters on the MICR line are printed with special ink that contains magnetic iron oxide, as mandated by the Federal Reserve. This magnetic ink is dull, not shiny, and the printed characters should be flat. If the MICR line printing appears shiny in the light and/or the characters are raised, the check is a counterfeit. In addition, if there’s no MICR line at the bottom of the check, it’s fake.
Check Number
The check number appears on an authentic check in two places: in the upper-righthand corner and at the end of the MICR line at the bottom. If these numbers don’t match up, that’s a big “tell” that the check is fraudulent.
Paper and Ink Quality
Legitimate checks are written on high-quality, matte (not shiny) paper. If the check is printed on thin, flimsy, shiny paper, it’s probably not authentic.
In addition, checks are printed with high-quality indelible ink. To test the ink, put a drop of water on your fingertip and run it across the check’s printed surface. If the ink on the check smears or comes off when you touch it, it’s probably fake.
What to Do if You Suspect a Check Is Fake
If you suspect that you’ve been given a bogus check, don’t cash it. If there’s a chance that the check could be genuine, contact the bank listed on the check and inquire. Don’t use any contact information located on the check — find the phone number of the bank listed on its official website.
If the bank can verify the check’s legitimacy, you may deposit it.
If not, the best thing to do is notify the proper authorities.
If the check was sent to you through the mail, contact the United States Postal Inspection Service.
What Happens if You Deposit a Fake Check?
Every day, innocent consumers deposit fake checks in their accounts without knowing it. If you’re one of them, any or all of the following may happen:
Know How to Spot Fake Check Scams
With fake check scams on the rise, it pays to know how to spot them. Although scammers can be clever, fraud can often be easily identified if you know what to look for. Here are some examples of common check scams:
In summary, if you unexpectedly receive a check and the situation seems too good to be true, be meticulous. You may be the intended victim of check fraud.
The Bottom Line
Bad checks are written every day. It pays to stay smart and know how to tell whether or not a check is fake.
As spring sets in, and the urge to be outdoors grows ever stronger, we find ourselves thinking about what we can do to make it even better.
Whether you have a sprawling backyard, a cozy patio, or a small balcony, transforming your outdoor area into a peaceful retreat doesn’t require a massive overhaul.
With the right combination of natural elements, thoughtful design, and calming touches, you can create a space that promotes relaxation and tranquility.
Here are some ways you can create a serene outdoor space for relaxation
Incorporate Comfortable Seating – Invest in plush, weather-resistant seating like cushioned lounge chairs, hammocks, or outdoor sofas. Comfort is key for relaxation, so choose pieces that invite you to sit back, stretch out, and unwind.
Add a Water Feature – The sound of trickling water instantly creates a calming atmosphere. Whether it’s a small tabletop fountain, a pond, or a DIY waterfall, water features can soothe the senses and drown out background noise.
Use Soft, Ambient Lighting – Soft lighting can transform any outdoor space into a tranquil haven. Use string lights, lanterns, or solar-powered garden lights to create a warm, inviting glow that’s perfect for evenings outside.
Incorporate Natural Elements – Surround yourself with nature by adding greenery, flowers, and natural materials like wood and stone. These elements ground your space and create a connection with the outdoors, fostering a peaceful vibe.
Add an Outdoor Rug for Comfort – An outdoor rug not only defines your space but also adds softness underfoot. Choose neutral or earthy tones to maintain a calm, cohesive look while enhancing the overall coziness.
Use Soothing Color Palettes – Stick to calming colors like soft blues, greens, beige, and whites. These hues evoke a sense of tranquility and help your outdoor space feel serene and inviting.
Incorporate Aromatic Plants – Lavender, jasmine, and rosemary aren’t just beautiful—they also release soothing scents that enhance relaxation. Plant them near seating areas or in pots around your space for a natural aromatherapy effect.
Create a Fire Pit or Outdoor Fireplace – A fire pit adds warmth and a focal point for your space. The soft crackling of the fire and the glow of the flames create a cozy, calming atmosphere perfect for evening relaxation.
Add a Shade Structure – Pergolas, umbrellas, or shade sails can protect you from harsh sunlight while adding structure and style to your outdoor space. Shade also helps keep the area cool and comfortable.
Set Up an Outdoor Dining Area – Enjoy slow, mindful meals outside by setting up a small dining space. A simple table with comfortable chairs and soft lighting can turn any meal into a peaceful, grounding experience.
Finally, add personal elements that make you feel at ease—whether it’s a favorite piece of outdoor art, a cherished chair, or a sentimental plant. These details create a deeper connection to your space, making it feel like your own private sanctuary.
In today’s fast-paced world, having a serene outdoor space where you can unwind and reconnect with nature is more important than ever.
The San Juan Skyway Scenic Byway covers 236 miles of terrain across southwestern Colorado. This loop travels through Durango, Mancos, Dolores, Stoner, Rico, Telluride, Ridgway, Ouray, and Silverton. Be sure to allow at least two days to see everything this byway has to offer.
The byway passes through five million acres of both the San Juan and Uncompahgre National Forests. Traveling the length of the byway will take you through high mountain passes and historical towns and by waterfalls and acres of wildflowers. In autumn, the aspen trees turn brilliant colors. Sunset Magazine recognized the area’s superior beauty by writing, “The San Juan Skyway… possibly America’s greatest fall-color drive…its aspen views are alternately breathtaking and intimate.”
There are many fascinating historical features in the area. Once a landmark for missionaries, conquistadors, and prospectors settling in the region, Chimney Rock is a designated Archaeological Area and National Historical Site. Many State and National Parks also populate the route of the byway. Both the Mancos State Park and Ridgway State Park are home to many recreational activities. Mesa Verde National Park is the home of the cliff dwellings of the ancient people and recognized as one of the most preserved archeological sites. Also, the Durango and Silverton Narrow Gauge Railroad still operates carrying 200,000 passengers a year.
Recreational activities include four wheeling, hiking, bicycling, hunting, photography, fishing, kayaking, dirt biking, and motorcycle tours. For a more relaxing stay, visit town shops and hot springs in the area. In the winter, Telluride and Purgatory provide elite downhill skiing. Winter also creates opportunity for snowshoeing, ice climbing, snowmobiling, and cross country skiing. Purgatory ski resort also provides summer activities; the ski lift will take you to the top of the mountain for sight seeing, wild flower viewing, and a toboggan-like alpine slide.
All of this beauty is right here in our own back-yard! Consider taking a color-drive in late September to early October to catch the colors at their peak!
The Federal Reserve, often simply called “the Fed,” is the central bank of the U.S. As a key player in shaping monetary policy, its most potent tool is the ability to influence interest rates. But why does the Fed choose to cut rates when economic troubles arise?
The Fed’s straightforward monetary theory is that cutting rates makes it cheaper to borrow money, prompting businesses to take out loans to hire more people and expand production. This, in turn, stimulates economic activity and growth. Conversely, when the economy is moving too quickly, the Fed may raise rates to slow things down and prevent inflation from spiraling out of control.
When interest rates change, there are real-world effects on how consumers and businesses can access credit and plan their finances. These changes ripple through the economy, affecting everything from mortgage rates to stock prices and even some life insurance policies.
Interest Rates and Borrowing
Lower interest rates directly impact the bond market. When the Fed cuts rates, yields on everything from U.S. Treasurys to corporate bonds tend to fall, making them less attractive to new investors. Bond prices move inversely to interest rates, so as interest rates fall, the price of existing bonds rises.
The effects on bonds depend on the type:
An increase in interest rates sends the price of bonds lower, negatively impacting fixed-income investors. As rates rise, people are also less likely to borrow or refinance debt since it is more expensive.
The Prime Rate
A Fed rate hike immediately fuels a jump in the prime rate, which the Fed calls the Bank Prime Loan Rate. This is the rate that banks extend to their most credit-worthy customers.
This rate is the basis of other forms of consumer credit, since a higher prime rate means that banks will increase borrowing costs to account for the risk of less creditworthy companies and consumers.
The prime rate typically changes quickly in response to Fed rate changes, often within hours or days. Most banks adjust their prime rate in unison following a Fed announcement. While the Fed doesn’t directly set the prime rate, changes to the federal funds rate are passed through almost immediately.
Historically, the prime rate has changed as frequently as the Fed adjusts its target rate, which can be several times a year during periods of economic volatility or remain steady for months or even years during periods of stability.
For example, when the Federal Reserve cut the Fed funds rate by 50 basis points to a range of 4.75% to 5% on Sept. 18, 2024, it warranted major news coverage across the U.S., since it hadn’t cut the rate at all in the previous four years. The Fed shifted its strategy during the post-pandemic period, reducing borrowing costs to reignite the markets as employment started to slump.
Credit Card Rates
Working off the prime rate, banks determine how creditworthy borrowers are based on their risk profile. Rates are affected for credit cards and other loans because both require extensive risk-profiling of consumers seeking credit to make purchases. Short-term borrowing will have higher rates than long-term loans.3
Variable-rate credit cards are directly tied to the prime rate. When the Fed raises or lowers rates, the prime rate changes, and variable-rate credit cards typically adjust their rates within one or two billing cycles. This means that cardholders can see their interest charges increase or decrease relatively quickly.
Savings
Money market and certificate of deposit (CD) rates increase because of the uptick of the prime rate. In theory, that should boost savings among consumers and businesses because they can generate a higher return on their savings.
Meanwhile, those with debts would shift their funds to pay them off since those are likely climbing higher than the rates they can get from such financial products.
Traditional savings vehicles like bank accounts and CDs offer minimal returns in a low-interest-rate environment. This can push investors toward riskier assets in search of higher yields. For example, investors might turn to high-yield bonds, dividend-paying stocks, or real estate investments. While these can offer better returns, they also come with increased risk.
U.S. National Debt
A hike in interest rates boosts the borrowing costs for the U.S. government, fueling an increase in the national debt and increasing budget deficits. According to the Committee for a Responsible Federal Budget, the estimated total budget deficit from 2022 to 2031 will be $12.7 trillion. Increasing rates by just half a percentage point would increase the deficit by $1 trillion.
National debt as a percentage of GDP is expected to be 107.5% in 2031. If rates were 50 basis points higher, this would increase to 110.6% of GDP.
Business Profits
When interest rates rise, it’s usually good news for the banks, since they can earn more money on the dollars that they lend out. But for the rest of the global business sector, a rate hike cuts into profitability.
That’s because the cost of capital required to expand goes higher. That could be terrible news for a market that is currently in an earnings recession. Lowering interest rates should be a boost to many businesses’ profits as they can obtain capital with cheaper financing and make investments in their operations for a lower cost.
Auto Loan Rates
Auto companies benefited immensely from the Fed’s zero-interest-rate policy, but rising benchmark rates will have an incremental impact. In theory, lower interest rates on auto loans should encourage car purchases, but these big-ticket items may not be as sensitive as short-term loans, like credit cards.
Mortgage Rates
A rate hike can send home borrowers rushing to close on a deal for a fixed loan rate on a new home. But mortgage rates traditionally fluctuate more in tandem with the yield of domestic 10-year Treasury notes, which are largely affected by interest rates. Therefore, if interest rates go down, mortgage rates will also go down. Lower mortgage rates mean it becomes cheaper to buy a home.
Home Sales
Higher interest rates and higher inflation typically cool demand in the housing sector. For example, on a 30-year loan at 4.65%, homebuyers can anticipate at least 60% in interest payments over the duration of their investment.
But if interest rates fall, the same home for the same purchase price will result in lower monthly payments and less total interest paid over the life of the mortgage. As mortgage rates fall, the same home becomes more affordable — and so buyers should be more eager to make purchases.
Consumer Spending
A rise in borrowing costs traditionally weighs on consumer spending. Both higher credit card rates and higher savings rates due to better bank rates provide fuel for a downturn in consumer impulse purchasing. When interest rates go down, consumers can buy on credit at a lower cost. This can apply to anything from credit card purchases to appliances purchased on store credit to cars with loans.6
Inflation
Inflation is when the general prices of goods and services rise in an economy, which may be caused by a nation’s currency losing value or by an economy becoming over-heated—i.e. growing so fast that demand for goods is outpacing supply and driving up prices.
When prices rise, the central bank often increases borrowing rates to keep inflation in check (they tend to target 2% a year of inflation). When interest rates fall, inflation can increase as people begin bidding up prices once again.
The Stock Market
Although profitability on a broader scale can slip when interest rates rise, an uptick is typically good for companies that do the bulk of their business in the United States. That is because local products become more attractive due to the stronger U.S. dollar.
That rising dollar has a negative effect on companies that do a significant amount of business on the international markets. As the U.S. dollar rises—bolstered by higher interest rates—against foreign currencies, companies abroad see their sales decline in real terms.8
Companies like Microsoft, Hershey, Caterpillar, and Johnson&Johnson have all, at one point, warned about the impact of the rising dollar on their profitability. Rate hikes tend to be particularly positive for the financial sector. Bank stocks tend to perform favorably in times of rising interest rates.
Although the relationship between interest rates and the stock market is fairly indirect, the two tend to move in opposite directions. When the Fed cuts interest rates, it causes the stock market to go up. When the Fed raises interest rates, it causes the stock market as a whole to go down. But there is no guarantee of how the market will react to any given interest rate change the Fed chooses to make.
How Will I Use This in Real Life?
If you ever take out a mortgage, use a credit card, or simply put your money in a savings account, the interest rate is largely determined by the Federal Reserve. The central bank sets the cost of borrowing between banks, and that cost forms the basis of consumer loans such as mortgages, auto loans, and credit cards.
The Federal Reserve lowers interest rates when it wants the economy to speed up, and raises them to slow the economy down. When interest rates are low, you might use your credit card more often, since the payments will be lower. That increased activity tends to raise prices, though. The Fed raises rates when prices grow too fast, discouraging people from borrowing money.
What Is the Overall Effect of Interest Rate Changes?
As interest rates increase, the cost of borrowing becomes more expensive. This makes buying certain goods and services, such as homes and cars, more costly. This in turn causes consumers to spend less, which reduces the demand for goods and services. If the demand for goods and services decreases, businesses cut back on production, laying off workers, which increases unemployment. Overall, an increase in interest rates slows down the economy. Decreases in interest rates have the opposite effect.
How Do Interest Rate Increases Affect Inflation?
Increases in interest rates cause a decrease in inflation. When interest rates increase, this causes goods and services to become more expensive because borrowing money becomes more expensive. The cost of a house or car will increase if the interest rate is higher. This causes consumers to spend less, reducing the demand for goods and services. When demand decreases, prices decrease too, which reduces inflation.
Who Controls Interest Rates?
A nation’s central bank controls interest rates. Adjusting interest rates to spur or slow down the economy is part of monetary policy, which a central bank is responsible for. Governments are responsible for fiscal policy, which involves adjusting taxes.
The Bottom Line
When the economy falters, the central bank can step in to cut rates. The Federal Reserve is keen to react to rising inflation or a recession using this tool to lower the cost of borrowing so that firms and households can spend more and invest.
The beginning of the year is often the time that people take a look at their spending, try to determine their goals for the year and set saving plans to achieve them. But financial wellness is not just about money. Being financially healthy is a critical piece of your overall wellness. Financial health is defined as the dynamic relationship of one’s financial and economic resources as they are applied to or impact the state of physical, mental and social well-being. There are many facets to your financial resources including: amount of savings, how much you’ve put aside for retirement, debt to income ratio, ability to earn money and how much of your discretionary income you spend. These resources combined determine your financial health, the state of which directly affects every area of your overall wellbeing.
Financial health can dramatically improve one’s life and prevent hardships. Financial health means you have the ability to reach your goals, take advantage of opportunities and gives you flexibility to pursue your dreams. The only way to achieve financial health is through financial literacy. Being financial literate means you understand the importance of saving early and often to reach short and long term goals (like retirement). It means you understand the difference between good and bad debt, and can avoid high interest credit cards. It also means that no matter your stage of life or income, you know how to live within your means, stick to a budget, and spend responsibly. Finally, healthy attitudes and confidence around money enable you to learn complex concepts such as investing and how to make smart decisions to make more money.
If you don’t understand how to manage your money, you are at risk of overspending, going into debt and not saving enough for your future. Everyone can relate to financial stress; even the wealthiest people have felt financial pains at one time or another. Debt and/or a lack of savings can cause considerable hardship on a person’s life. And it doesn’t just cause daily stress. Financial problems can lead to divorce, poor health, depression, and bankruptcy. The below statistics from Bankrate show that plenty of adults are feeling the pressure of financial issues. Many of these could be avoided with some basic knowledge.
Additionally, many adults are faced with crippling debt. Fed data shows that consumer credit card balances continue to rise, even in good economic times.
On top of credit cards, approximately 43 million Americans with federal student loan debt each owe an average $37,105 for their federal loans.
These statistics are not meant to scare you, but meant to show how vital financial education is to living a financially healthy life.
Debt and financial concerns can have a serious and sustained impact on mental health, and people living in financial hardship are at increased risk of mental health problems and poorer mental wellbeing. It can already be difficult for people to share when they are struggling with their mental health. This is compounded when the issues are money-related, with individuals also often reluctant to talk about financial problems.
While it’s best to start young, financial literacy and health can be achieved at any age. The best place to begin is to look at four measurements: what you have, what you owe, what you make and what you spend. From there, you can create your goals and a roadmap to reach them…leading to a financially healthy life.
Have you ever dreamed of cultivating your own garden in the beautiful Colorado landscape? With its unique climate and elevation, growing a garden here can seem challenging, but it’s totally doable. Whether you’re a seasoned gardener or just starting out, understanding the local conditions is key to success.
Understanding Colorado’s Climate
Understanding Colorado’s climate is crucial for successful gardening. The state’s unique weather patterns and elevation significantly influence plant growth.
Seasonal Variations
Seasonal variations in Colorado can be dramatic. Summers are warm, with average temperatures ranging from 70°F to 90°F, while winters can drop below freezing. Some areas experience frost as late as June or as early as September. You should be aware of your local frost date to avoid planting at the wrong time. Plan your gardening schedule around these fluctuations. Start seeds indoors 6-8 weeks before the last frost date. Use row covers or cloches to protect young plants during unexpected frosts.
Soil Conditions
Soil conditions in Colorado vary widely due to the diverse geography. Generally, Colorado features sandy, rocky soils with low organic matter. These soils drain quickly, which can lead to drought stress for plants. Conducting a soil test is the first step to improving your garden’s soil health. Look for ways to enhance the soil by adding compost or well-rotted manure. Consider using mulch to retain moisture and regulate soil temperature. Additionally, raised beds can help manage poor soil conditions, providing better drainage and improved access to nutrients.
Incorporating these practices will create a better environment for your plants.
Choosing the Right Plants
Choosing the right plants is essential for successful gardening in Colorado. Understanding the local climate and conditions guides you in selecting species that thrive.
Native Plants for Colorado
Native plants are well-suited for Colorado’s environment. They require less water and are more resistant to local pests, making them easier to care for. Consider the following native options:
By incorporating native plants, you can create a resilient garden that requires minimal resources.
Best Vegetables and Herbs
Selecting the right vegetables and herbs enhances your garden’s productivity. Choose varieties that tolerate Colorado’s climate. Here are some excellent options:
Follow these tips for planting:
By choosing the right plants for your Colorado garden, you set yourself up for a thriving, productive space.
Garden Preparation Techniques
Preparing your garden effectively sets the foundation for healthy plants and a bountiful harvest. Addressing soil quality and choosing your garden structure plays a vital role in successful gardening in Colorado.
Soil Amendments
Amending your soil maximizes its fertility and structure, crucial for Colorado’s sandy and rocky terrain.
Following these steps enhances soil health, making it receptive to planting and growth.
Raised Beds vs. In-Ground Gardens
Choosing between raised beds and in-ground gardens affects how your plants thrive.
Select the option that best fits your gardening goals, available space, and budget. Choosing wisely enhances your gardening experience in Colorado, allowing for a productive and enjoyable season.
Irrigation Systems
Irrigation systems simplify the watering process. Consider using:
Water Conservation Tips
Conserving water in your garden is crucial, especially in dry seasons. Implement these tips for better water management:
Implementing these watering strategies keeps your Colorado garden vibrant and thriving while promoting water conservation.
Pest and Disease Management
Managing pests and diseases is crucial for a thriving garden in Colorado. With the unique climate and diverse plant life, effective strategies can protect plants and ensure healthy growth.
Common Pests in Colorado
Understanding common pests helps in preventing damage to your plants. You may encounter the following:
Identifying these pests early is essential for controlling their spread.
Using organic control methods supports the environment and promotes soil health. Here are several effective strategies:
Implementing these methods can help reduce pest populations while keeping your garden healthy and vibrant.
Conclusion
Growing a garden in Colorado can be a rewarding experience filled with vibrant colors and fresh produce. By understanding the unique climate and soil conditions you face you’ll set yourself up for success.
Embrace the local flora and adapt your gardening techniques to thrive in this diverse environment. Whether you’re starting seeds indoors or selecting native plants that require less water you’re taking steps toward a sustainable and beautiful garden.
Remember to stay proactive with pest management and watering strategies. With a little patience and care your garden can flourish in Colorado’s stunning landscape. Enjoy the journey and the fruits of your labor!
FRAUD ALERT! Cybercriminals are sending out phishing emails and texts that claim to be from many different banking organizations. By impersonating different banks, the cybercriminals hope to trick even more people into clicking on malicious links. The emails all have different images and text, depending on which bank the cybercriminals are impersonating. However, all the emails claim that you need to take urgent action and download an attachment or log into your online banking.
No matter which email or text message you receive, there will be a link to an attachment or web page. If you click the link, the attachment will download and display a clickable image of a PDF logo. If you click the image, malware will begin installing on your device. This malware can then gather personal data and financial information and even steal email addresses from your email inbox. The malware can then send similar phishing emails to all of your email contacts! If you log in on the cloned page, you may have just given access to all of your banking information!
Follow these tips to avoid falling victim to a malware scam:
Grammar lays the groundwork for effective communication. Just as an improperly configured telephone wire can cause static during a phone conversation, improper grammar can likewise affect the meaning and clarity of an intended message.
Some common errors are with sentence structure, subject/verb tense, punctuation, spelling, and other basic mechanics and parts of speech. Even something as simple as a misplaced comma can completely change the meaning of a sentence. For example: “Let’s eat Grandpa.” vs. “Let’s eat, Grandpa.”
Grammar makes written content more readable and in turn more interesting. If it is necessary to repeatedly reword sentences while reading, the flow becomes disrupted and involvement in the story halted.
How is grammar useful in the real world?
Grammar skills are useful in every aspect of life from education to leadership, and social life to employment opportunities. They are equally important at home where children learn their grammatical patterns from their parents and family. This puts the next generation at an immediate disadvantage if learning incorrectly.
Grammar skills are important to be an effective leader. Communication skills are indispensable to effectively give direction and provide assurance of leading ability. In addition, if continuing education is desired, grammatically correct papers will be expected from college professors.
Proper grammar is also essential for understanding English as a second language as well as for learning a new language, since all languages follow grammatical patterns. With the United States being a melting pot of nationalities and foreign language speakers, hearing proper, consistent English is extremely helpful to encourage any newcomers in becoming fluent. This, in turn, aids native English speakers in understanding other dialects as well.
From persuasive papers to resumes, grammatical errors immediately take away the intended strength necessary to acquire an ally on an issue or an invitation for a job interview. In both situations, grammatical inconsistencies make influential words less poignant.
While correct grammar is a valuable tool for success in many areas of life, it is not used to create a gap in the social world. It is not a tool for segregation, but a tool to opening doors by being heard and understood more clearly. While correct grammar will offer an edge in a job interview it won’t be so obvious as to cause a separation from the masses in casual conversation.
In conclusion, just as rules are necessary in everyday situations, grammar rules are likewise essential in everyday life for clarity of meaning and intent.
If you’ve ever wondered if it matters where you deposit your hard-earned money, let me assure you it does. Not only does banking locally support small businesses (community banks fund more than 60% of small business loans and more than 80% of ag loans), but as locally owned and operated businesses themselves, they are part of the economic engines that create 62 percent of new jobs annually. That’s powerful.
Community banks like First National Bank, Cortez take in deposits and distribute loans that feed into a self-sustaining micro-economy that keeps funds right here in Montezuma County. It is all part of a symbiotic relationship that community banks have with their communities. And the proceeds from those businesses employ residents, fund municipalities, and continue the cycle of locally based economic growth.
If you need more proof just consider the community bank impact on local communities:
But it is not just about stats. When customers contact First National Bank, Cortez, they are greeted by a talented team member who is attuned to their needs and empowered to act on their behalf.
And when our employees log volunteer hours in support of local civic organizations or non-profit boards or when First National Bank, Cortez contributes to local community fundraising events, we are working toward our goal of ensuring economic prosperity for the community we call home.
April is Community Banking Month, and I want to thank our customers for putting their trust in us for their banking needs. For our neighbors who may be considering a switch, please take a closer look at First National Bank, Cortez to discover how we can help you realize your financial dreams.
At First National Bank, Cortez we pledge to never lose sight of the all-important “relationship” and the personalized service our customers expect.
Remember, we are all in this together. Community banks like First National Bank, Cortez are only successful if our customers and communities are, too. That’s why community banks and our relationship business model have thrived for more than 150 years. We know what it takes to create successful local economies. Join us in helping to build a more sustainable, vibrant economy here at home.
6 Scams That Target Your Bank Account
Here’s how to recognize banking scams and how to protect your money.
Credit cards come with fraud protection, but bank transactions don’t necessarily have the same protection.
Scamming is rampant. More than 40,000 people filed scam reports with the Better Business Bureau in 2022, and the median reported dollar loss was $171 million according to that year’s BBB Scam Tracker Risk Report. A lot of those scams are targeting your bank accounts.
And though federal law limits liability for credit card fraud, it’s not the same for bank scams, such as being given a fake check you deposit and then send part of the amount to a fraudster.
Luckily, you can protect yourself and your bank account by learning how to identify six common bank scams.
Check Overpayment Scams
Check overpayment fraud is a popular scam that targets sellers from online auctions and classified advertisement websites. During a transaction, the scammer will pay the seller with a bogus check for more than the amount of the item. The scammer will then ask the seller to wire the difference back after making the deposit. The seller will be out not only a returned item fee from the bank, but also whatever cash the supposed buyer received.
How to avoid this scam: Independently verify a buyer’s name, address and phone number. A check that comes from an unknown party should be a red flag. If you are selling an item to someone in Ohio, but the check lists the name of a dental office in the District of Columbia, the payment may not be legitimate. Regardless of how insistent a buyer may be, never cash a check and immediately wire money from it. Talk to your bank if you have any concerns about a payment you receive.
Credit Card and Bank Account Scams
You may get emails or calls from someone who claims to be from your credit card issuer or bank. The messages may ask you to call back to discuss a problem or to click on a link to update your account information. In some cases, scammers may even claim they are investigating possible fraud on your account and ask for details such as your account number or Social Security number to investigate further. These are all attempts to get you to hand over sensitive information.
How to avoid this scam: Do not click on any email links or attachments. Scam phone messages may include a callback number, but you should ignore that. Call the phone number on the bank website or the number on the back of your debit or credit card. Otherwise, you could find yourself on the phone with the scammer rather than a bank representative.
Charity Scams
Not everyone asking for a charitable donation may be on the up and up. For example, you could receive a call asking for donations to the local police department or to military families. The crooks elicit information about your bank account or debit card to make the donation over the phone, giving them full access to your checking account.
How to avoid this scam: To make sure your good intentions don’t go to waste, the safest way to give to a charity is by choosing an organization you know and trust. Also, be careful about sharing your personal information with people who reach out by telephone or email.
Online Lending Scams
Victims of these scams are often those who have trouble obtaining a bank loan. They may receive an email from a supposed lender or find a website offering easy access to money. After the scammer obtains bank account details, the victim may send a loan payment or direct deposit. The victim may also be asked to make an immediate good-faith payment, but as with the check overpayment scam, the “loan” is fraudulent.
How to avoid this scam: Always check reviews and the Better Business Bureau rating of any company offering a loan. If you can’t find reviews or ratings, the business may not be real.
Employment Scams
Younger adults are more likely to be the victims of employment scams than other age groups, the Better Business Bureau reports. In most of these scenarios, the crooks offer a job but request personal information or money for “training” or “equipment.”
How to avoid this scam: Never send money to a potential employer. You should not have to pay for equipment, background screening or, generally, the promise of work. If it sounds too good to be true, it probably is.
Award Scams
In these scams, you are typically told you’ve won a foreign lottery. Crooks will send you a large check to deposit into your personal checking account. You will then be asked to immediately wire a portion of the funds to pay for government taxes and administrative fees.
How to avoid this scam: If you didn’t enter the contest, then you didn’t win it. Note that if you participate in a foreign lottery via mail or phone, you are violating federal law. Also, U.S. lottery winners typically pay taxes on a lump-sum payment in the year the money was received or each year on installment payments.
Protecting Yourself From Bank Scams
Keep common scams in mind, and remember how to avoid them before you put your funds at risk. Scammers will continue to come up with creative ways to get into people’s bank accounts.
Criminals often look for people who are searching for jobs, dating, selling products and even do-gooders looking to help the needy.
Do Banks Refund Scammed Money?
Most of the time, you may be responsible for the fraudulent items that were negotiated in your bank account. Contact your bank immediately if you suspect unauthorized transactions or money missing from your account, advises the Consumer Financial Protection Bureau. You’ll need to notify your bank within 60 days after your bank sends your statement showing the unauthorized transactions. If you wait longer, you could owe the full amount of any transactions that occurred after the 60-day period and before notifying your bank, according to the CFPB.
With fraudulent checks, deposits could later be reversed, according to the Office of the Comptroller of the Currency. You’ll need to pursue the person who gave you the check if you want to be reimbursed.
If you think you have been the target of a scam, you should also file a complaint with the Federal Trade Commission on its website or at 877-382-4357.
The beginning of the year is often the time that people take a look at their spending, try to determine their goals for the year and set saving plans to achieve them. But financial wellness is not just about money. Being financially healthy is a critical piece of your overall wellness. Financial health is defined as the dynamic relationship of one’s financial and economic resources as they are applied to or impact the state of physical, mental and social well-being. There are many facets to your financial resources including: amount of savings, how much you’ve put aside for retirement, debt to income ratio, ability to earn money and how much of your discretionary income you spend. These resources combined determine your financial health, the state of which directly affects every area of your overall wellbeing.
Financial health can dramatically improve one’s life and prevent hardships. Financial health means you have the ability to reach your goals, take advantage of opportunities and gives you flexibility to pursue your dreams. The only way to achieve financial health is through financial literacy. Being financial literate means you understand the importance of saving early and often to reach short and long term goals (like retirement). It means you understand the difference between good and bad debt, and can avoid high interest credit cards. It also means that no matter your stage of life or income, you know how to live within your means, stick to a budget, and spend responsibly. Finally, healthy attitudes and confidence around money enable you to learn complex concepts such as investing and how to make smart decisions to make more money.
If you don’t understand how to manage your money, you are at risk of overspending, going into debt and not saving enough for your future. Everyone can relate to financial stress; even the wealthiest people have felt financial pains at one time or another. Debt and/or a lack of savings can cause considerable hardship on a person’s life. And it doesn’t just cause daily stress. Financial problems can lead to divorce, poor health, depression, and bankruptcy. The below statistics from Bankrate show that plenty of adults are feeling the pressure of financial issues. Many of these could be avoided with some basic knowledge.
Additionally, many adults are faced with crippling debt. Fed data shows that consumer credit card balances continue to rise, even in good economic times.
On top of credit cards, approximately 43 million Americans with federal student loan debt each owe an average $37,105 for their federal loans.
These statistics are not meant to scare you, but meant to show how vital financial education is to living a financially healthy life.
Debt and financial concerns can have a serious and sustained impact on mental health, and people living in financial hardship are at increased risk of mental health problems and poorer mental wellbeing. It can already be difficult for people to share when they are struggling with their mental health. This is compounded when the issues are money-related, with individuals also often reluctant to talk about financial problems.
While it’s best to start young, financial literacy and health can be achieved at any age. The best place to begin is to look at four measurements: what you have, what you owe, what you make and what you spend. From there, you can create your goals and a roadmap to reach them…leading to a financially healthy life.
