22 May 2018 Posted By : Administrator

Five Tips for Keeping Your Money Safe and Secure

There are always stories in the news about how thieves are getting their hands on other people’s money. Whether it’s a robber in a convenience a store, a credit card skimmer at a gas station, or a hacker, the bad guys are getting really good at getting money that isn’t rightfully theirs.

For the rest of us, that means keeping a closer eye on our money than we ever have before. The days of tucking money in a back pocket or stashing it under the bed are long gone. If you want to make sure your money is safe and secure so you can rest easy at night, follow these five tips.

Be Careful How You Send Money to Others

It’s not just the money you spend that you have to keep an eye on. You have to pay attention to the money you give others too. Sending cash in the mail is a huge mistake because it can easily be intercepted. The best way to send money to another person is to use a money transfer service. However, not every transfer service will do. Protecting your money means making sure you’re spending it wisely. Look for a money transfer service that has low transfer fees and good exchange rates so you aren’t spending more of your money for no reason.

Carry Little to No Cash

Cash is a convenient way to pay, but it also opens you up to being robbed. With credit and debit cards, there really is no reason to carry cash at all. If you don’t have money in your pockets to steal, a pickpocket can’t ruin your day!

If you do want to carry cash, make sure you don’t carry very much. Bring what you need for the day and hide the rest at home. That way, if something does happen to your cash, you won’t suddenly find yourself poor.

Be Smart About How You Carry Your Cash

If you do decide you want to carry cash, you have to be smart about how you carry it. Putting it in a wallet in your back pocket is the best way to get your money stolen. Not to mention, more things fall out of your back pocket than any other pocket!

Tips that travelers use are also good tips for anyone who carries cash to follow. They include:

  • Place loose cash in a front pocket
  • Carry money in different places, like in a pocket and in a backpack
  • Put a dummy wallet in your back pocket
  • Use on-body storage, like a money belt or a shirt with an interior pocket
  • Carry an anti-theft bag with hidden zippers and heavy-duty fabric

If you carry a purse, always keep your purse turned towards the front of your body where it’s more difficult for strange hands to gain access.

Hide Your Cash at Home

You don’t just have to worry about the money in your pockets. You have to worry about the cash you have at home too!

Unfortunately, it isn’t just thieves you have to keep away from your money either. It isn’t uncommon for family members, especially teens, to scrounge for a little extra cash every now and then. Keep your cash hidden at home. Place extra cash in a lock box or hide it in a book.

Avoid laying your purse or wallet out in plain sight. Instead, tuck them in a drawer or hide them in a closet.

Hiding cash can be a hassle. If you’re worried about the money you’re keeping at home, consider storing it all in a bank instead and only take out cash as you need it.

Protect Your Devices

It isn’t just your physical cash that you have to worry about. In today’s technological world, it’s easy for hackers to gain access to our mobile devices and financial accounts. You have to protect your devices if you want to keep your money safe.

A few tips include:

  • Choose a router with good IP security
  • Put your devices on separate networks in your home
  • Keep your devices up-to-date
  • Always choose passwords that are extremely difficult to guess
  • Enable two-step verification whenever possible

Whether you’re sending money to a loved one, carrying it with you on vacation, or making payments from the comfort of your home, you have to think about how you’re going to safeguard your hard-earned cash. With these tips, you can ensure the wrong person doesn’t get their hands on your money.

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