Money Mistakes · 2 min read
Money Scams and How to Avoid Them
Common money scams, including impostors, fake investments, romance and payment-app scams, and the warning signs that protect you.
Scammers target everyone, from teenagers to retirees. They often impersonate people you trust and create urgency so you act before you think.
Warning signs
- Pressure to act right now.
- Requests to pay by gift card, wire transfer, crypto or payment app.
- Someone claiming to be from the government, your bank or tech support contacting you.
- Guaranteed high returns with "no risk."
- An online love interest who needs money.
Protect yourself
Hang up and call the organization using a number you look up yourself. Never share one-time codes. Talk it over with someone you trust. Report scams to the FTC at ReportFraud.ftc.gov.
Updated November 15, 2026. General education only, not financial advice.