Financial Wake-Up Call 3-8-2007: Tech News – What it Means for Your Wallet

Financial wake-up call Information Explosion: We’re creating more information than has ever existed before, and apparently we’re doing it on a daily basis. Technology firm IDC determined that the world generated 161 billion gigabytes – 161 exabytes – of digital information last year. “That’s like 12 stacks of books that each reach from the Earth to the sun. Or you might think of it as 3 million times the information in all the books ever written”. That is a lot of blogs, web journals, and You Tube videos…

Studies are showing that we are creating more digital information than we have space to keep it. What does this mean for you? On one hand, this means it pays to keep an eye on the size of your hard-drive and storage media choices when it is time for an upgrade: apparently, you can’t get too big. Remember how to calculate the price per ounce for veggies and juice? You might want to consider a similar formula for ‘price per gig’.

On the other hand, know that it pays to be judicious in what digital content you keep. Some things are made to be deleted, like email forwards, junk mail, and attachments. Decide on a document management system that works for you and stick to it.

Tech Toys you Don’t Need!: Of all the ways people waste money, gadgetry has to be in the top five. Maybe even the top two. If you’re feeling bad because you’re lusting after a new plasma TV or 2 gig thumb drive, check out these odd-ball gadgets. They’re in production because someone, somewhere decided they’d be worth buying. Please: don’t be that guy. Keep your money in your wallet and save up for something worthwhile.

Read the Fine Print on Tech Rebates: Instant and mail-in rebates are all the rage when it comes to tech toys and gadgets. While it’s hard to go wrong with an instant rebate, make sure you read the fine print on any rebate you participate in because you might be getting more than you bargained for. This article describes a rebate offered by an online retailer; it involved a free-trial subscription to a service that, if not cancelled, would cost $69.99 per month!

Top 25 Email Security Mistakes: A clear, comprehensive article on the top mistakes made using email. More than just creating a nuisance, lax email security can open you and your computer up to hardware and software malfunctions, identity theft, and empty bank accounts. All in all, an expensive proposition.

Twenty Minute Guide to Computer Security: From the same website as the top email mistakes, this step-by-step guide will take you through the basic necessities of securing your home computer. Take the time now, and save yourself some headaches (and some bucks) later.

By Tina Parcell

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