Some Americans have personal data breaches among their financial worries.

Some Americans have personal data breaches among their financial worries.

Failing to manage money correctly, while also not saving enough, can be an issue that hurts many people’s financial strategies. Meanwhile, there are other, outside issues that may be problematic to the continued success of a person’s finances, especially if they are not careful.

Close to 50 percent of Americans noted that they are worried about the security of their personal information when they go into stores to purchase items, according to a poll completed jointly by the Associated Press and GfK. The reason for the heightened concern was the recent data breach at Target stores, with 70 million customers having their personal information affected, while 40 million debit and credit cards were also involved.

The concern for these issues continued when it came to online shopping, as 58 percent were uneasy about making these transactions, the report explained. This increased further regarding spending money on transactions through mobile devices, as 62 percent showed worry in that situation.

Data breaches affecting consumers’ personal finances are well-documented. The report noted that 38 percent of those polled said they think their personal information was taken to create a line of credit, or a card they owned had purchases on it that they did not make.

Many Americans positive about this year’s finances
Even with concerns about financial breaches, there are a number of people who feel good about their personal situation. According to a report from Wells Fargo and Company, 40 percent of Americans are keeping up with credit card payments on a monthly basis, while 38 percent explained that they are saving money to make purchases, instead of just charging them.

“77 percent of Americans feel their financial situation is moderate to good – which is great news as we move ahead to 2014,” said Gary Korotzer, executive vice president with the consumer credit solutions group at Wells Fargo. “It is important for consumers to put themselves in the driver’s seat when it comes to managing their finances responsibly. An optimistic outlook for the future is an important key to financial success along with having clear goals and charting a course to get there.”

Another 32 percent of Americans noted that they are successfully keeping a budget on a monthly basis, the report added. A total of 43 percent of those polled felt that personal finances will get better in the coming months.

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