I sat down with Daniella, our middle daughter, and we had a look though the latest Father’s Day campaign in support of FFA UKs Take Five.
We try to make sure that our children have an all round financial education. It’s not about scaring our kids about money, but need to make sure that they are aware of the good and bad points about money.
One of the big issues with money is losing it. Not because it’s got stuck down the back of the sofa or through debt, but from financial fraud.
As Daniella has her own hole in the wall card and is gaining more and more independence regularly, it is important that she knows how to protect herself and her money.
The thing is, it appears is that we don’t just have to keep an eye out for fraudsters! The kids are up to tricks as well!
Dads are getting tricked
Our little rascals are playing tricks to get their own way and the FFA UK is encouraging men across the UK to be on high alert this Father’s Day. While our guard is down, the best fraudsters (our little bundles of jot) are likely to be taking advantage!
To show how much men really are to being tricked, One Poll carried out research with 1,000 children aged 6-12 years to show how easily Dads can be double-crossed by their children.
The top five ways our mini masters manipulate their dads are:
- Smiling sweetly (41%)
- Offering a hug (40%)
- Saying please and thank you (35%)
- Trying to make Dad laugh (20%)
- Saying they’ve done well at school (15%)
(It’s 1 and 5 that are used in my household!!)
Problem is, it’s not just the kids you need to be watching our for! They are not acting alone with 35% saying they team up with their Mum to trick their Dad. They are using phrases like, “Mum said I could” (43%) and “Mum always lets me” (33%).
It just goes to show that kids are already savvy enough to play the parents against each other to try and get what they want. Sound familiar?
So, it appears that kids are able to get us dads around their little finger. But what about when it comes to financial fraud?
Many people believe they are unlikely or highly unlikely to fall victim, despite national figures showing that 31% are caught out each year.
Over two-thirds (67%) of men believe it will never happen to them as they are confident they know what they’re doing when it comes to avoiding financial scammers.
FFA UK is asking the public to help protect themselves from financial fraud by remembering some simple advice:
- Never disclose security details, such as your PIN or full banking password
- Don’t assume an email, text or phone call is authentic
- Don’t be rushed – a genuine organisation won’t mind waiting
- Listen to your instincts – you know if something doesn’t feel right
- Stay in control – don’t panic and make a decision you’ll regret
Or you could even take Daniella’s approach. She has drawn what she thinks could prevent financial fraud (she’s certainly got some imagination!)
While Fraud Man may have a cool hat and cape, it’s his Spam Ray that will cut down on fraud.
Daniella told me that the Spam Ray has some kind of infrared beam that can detect fraudulent activity in the air waves. So, if you get a text and you’re not sure if it’s legit, point the Spam Ray at your phone and it’ll give off a beeping noise to alert you something’s not quite right. Same goes for phone calls and emails too.
While her imagination has run wild on what could prevent fraud, instead of rushing out to buy a Spam Ray (other brands are available) you can use your own sense of judgement. Make sure that the communication you’ve received is legitimate and let the sirens go off in your head before giving out any personal sensitive information.
For more information on Take Five and how to protect yourself from fraud visit www.financialfraudaction.org.uk
Ricky Willis is the original Skint Dad. A money-making enthusiast, father, and husband to Naomi. He is always looking for unique ways to earn a little extra.