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Stories written by Nick Maffeo

Smart About Money: Don’t take the bait

Researching scams and scam prevention, I came across the concept of the “initial bait.” Specifically, it is the lure (like the offer of a refund) or the threat that gets someone to respond to a scammer’s approach email, text or phone call. There’s a reason it’s called “phishing.” The scammers make initial approaches all day […]

Smart About Money: Beware of Sexting Scams

A parent recently approached me and asked if I would consider writing a column to alert parents to a particularly cruel scam that directly targets teenagers, often boys. Many parents may not be aware of this scam. I was not. When I started looking into it, I learned that it’s become so widespread and so […]

Smart About Money: Safe to Use Venmo?

The other day, someone asked an interesting question. Specifically, they wanted to know if it’s “safe” to use Venmo. As with anything online, the answer is, “It depends.” According to Yahoo Finance, “Overall, Venmo is generally a safe payment platform, but it’s crucial that you make sure you’re always sending money to the correct person/profile […]

Smart About Money: Anti-Scam Defenses

Recently a woman told me how she nearly fell for the “Grandchild Scam.” She got a call from someone saying it was her grandson and he was in jail. She isn’t sure because it all happened so fast, but she thinks she said, “Michael, is that you?” The person replied, “Yes, Gram. Please help me!” […]

Smart About Money: Lessons from a Bulldog

Probably everyone who spent more than a semester at Canton High would recognize the school’s bulldog mascot. (The bulldog is one of the most popular mascots in the world, apparently because they are famous for being friendly, loyal, courageous and tenacious. Hard to go wrong with characteristics like that.) Now that you’ve left Canton High […]

Smart About Money: Ignore the Scammers

There’s only one reason why someone is coaching you to lie to your bank about your reason for making a significant withdrawal from your account — they are scamming you. Period. It doesn’t matter what claims, promises or threats they’ve made. Every red alarm should be blaring when someone tells you to lie to your […]

Smart About Money: Do Your Homework

A headline in The Wall Street Journal recently caught my eye: “Selling gold is not as easy as it seems.” It turns out that super-popular big-box retailer Costco is now selling gold — specifically 1-ounce gold ingots at $2,000 each — online, not in its stores. Even with limits on how many a member can […]

Smart About Money: ‘Pig Butchering’ Scam

Some say it’s an ugly name — the “Pig Butchering” scam. But it’s the scammers’ own description of the ugly crime they’re committing and how they view their victims. “Pig Butchering” is a new-ish COVID-era scam. It’s happening all over the country and it’s absolutely happening in metro Boston and even right here in Canton. […]

Protecting Yourself & Your Money

Many people have heard of the “dark web.” Most have no idea of what it is, and given the potential dangers, they aren’t inclined to go looking. According to online security company Norton 360, “The dark web is a part of the internet that’s made up of hidden sites you can’t find through conventional search […]

Smart About Money: Money Monitoring in 2024

Late last year, the news came out that Intuit was shutting down its budgeting app, Mint. One news report said it was because most people are not much interested in managing their money — supposedly because personal money management is not “fun.” Although Mint was referred to as “beloved,” the reality was that this free […]

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