Three Ways You May Not Be Protecting Your Finances

When it comes to your money what are you doing to protect it? You may think simply having your money in a savings account or in the bank is enough to protect it, but there are more things going on with your money than just what you have in the bank.

What are you doing to protect your credit cards? Are you always carrying cash on your person? How many times have you lost cash or had your credit cards stolen by someone (whether it was just the number or the card itself)? All of these things are avoidable, here’s how.

Protecting Yourself Online

There are many ways that your finances can run into trouble when it comes to the internet. First of all, if you are sending emails with your personal information or even banking information, even if it’s for your work, you need to make sure that your emails are secure. If they aren’t anyone can steal your info.

When you are sending banking and personal info through email make sure you are sending encrypted emails only. It’s also important to make sure that you have the latest version of your virus protection and your malware protection downloaded, whether you are shopping or checking your bank account online.

If you shop online you should make sure you are only buying through credible websites. If you find a new place to shop do a little research on them before making your first purchase. You also want to make sure you are only entering bank or credit card info through secured websites.

Get That Extra Protection

Most credit card companies offer some sort of protection for you in case you lose your job and can’t make payments for some time. You may have to pay a monthly or yearly fee for this protection, but you’ll find it well worth it if you ever do need it. However, make sure that you read the fine print on this protection because most of the time it doesn’t cover contract or freelance workers.

You may also want to invest  in some RFID blocking products to keep scammers from stealing the info from your card right through your purse or wallet. You can get wallets and other items to help keep your cards safe.

Protecting The Money On You

If you need to carry cash for any reason, make sure you do it safely. Don’t put all of your money in one place. Separate some in a wallet, some in a purse, and maybe have your spouse or significant other carry some of it.

Since these days most places take credit or debit cards, it can be convenient just to leave the cash in the bank. If you are traveling consider getting traveler’s checks instead of carrying cash.

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