JohninGpt
01-27-2010, 10:16 AM
http://articles.moneycentral.msn.com/Banking/FinancialPrivacy/how-facebook-can-hurt-your-finances.aspx
How Facebook can hurt your finances
Social-networking sites might be fun and beneficial -- until your employer catches you bad-mouthing the boss or debt collectors use the sites to track you down.
[Related content: banking, financial privacy, identity theft, debt, bills]
By Bankrate.com
Anyone who doubts the power of social media to affect finances need look no further than the example of Kansas City Chiefs football player Larry Johnson.
The all-pro running back cost himself $213,000, and ultimately a job, by posting anti-gay slurs on microblogging service Twitter -- in 140 characters or less, of course.
Career trouble is just one way a badly managed social-media presence can hit your pocketbook. Following are three areas where social media could damage your financial life -- and tips on avoiding such pitfalls.
How Facebook can hurt your finances
Social-networking sites might be fun and beneficial -- until your employer catches you bad-mouthing the boss or debt collectors use the sites to track you down.
[Related content: banking, financial privacy, identity theft, debt, bills]
By Bankrate.com
Anyone who doubts the power of social media to affect finances need look no further than the example of Kansas City Chiefs football player Larry Johnson.
The all-pro running back cost himself $213,000, and ultimately a job, by posting anti-gay slurs on microblogging service Twitter -- in 140 characters or less, of course.
Career trouble is just one way a badly managed social-media presence can hit your pocketbook. Following are three areas where social media could damage your financial life -- and tips on avoiding such pitfalls.