New job, good salary, new car. Everything is going your way. You put money into savings each month and it grows. Your smart budgeting is paying off and you begin to feel financially secure. Even still as your head hits the pillow each night you find yourself worrying. The news and internet teem with tales of fraud, theft, and otherwise nefarious stories of people who want a piece of your pie.
How do you protect your newly established financial solvency? There is no one foolproof set of rules to keep criminals and cons away from your hard earned cash, however employing certain prevention tactics may help you protect your tiny fortune from greedy hands.
Accept No Offers from Nigerian Princes
The internet is full of scammers and spammers looking to relieve you of your money. Password protect all of your online accounts, and change those passwords with frequency. Know that on the internet, if a deal seems too good to be true it probably is going to cost you.
Many sites offer free subscriptions, membership, and benefits only to snare you in a circuitous system of registration and payment that leaves the site owners holding all the money your wallet. Rely on trusted brands.
Pay attention to security levels by looking for “https://” in the address line indicating a secure server. When in doubt, Google it. The web is full of thieves, but it is also full of Good Samaritans who post whether certain sites are legitimate or not. Don’t be afraid to trust your gut, you’re old enough to know better by now. Your instinct should kick in when things look suspicious.
Shred Your Documents
Not all purveyors of fraud are in the digital world. Old-fashioned thieves can just as easily mine data from your garbage can as they can your outbox. If important documents must be thrown away take the time to make any account numbers and personal information illegible by blacking out numbers and shredding the documents.
Check Your Credit
Access your free annual credit report to keep on top of your financial history and ensure that no fraud or errors show up. There are multiple credit reporting services, including through established banks, available to help you keep on top your history and keep and eye out for identity theft. If you notice unfamiliar activity, notify your bank immediately. Most banks and credit card companies protect you against fraud and you might not ultimately be responsible for charges placed on your account.
Bad things happen–in life, you can be assured of that. Take out good insurance policies to ensure that you are covered in case the unthinkable happens. Good insurance will help you reclaim your life and belongings if nature or thieves decide to invade your space. Provide an added level of security with a home alarm and protection service like SecurityChoice.com to ease worries. Insurance companies often provide discounts based on protections like security systems, smoke detectors, and fire safety precautions.
Your nest egg will never be 100% protected, but you can rest easier at night by taking precautions against theft, fraud, and natural disasters.
Anna Hicks is an online writer who focuses her writing on personal finance, family finance, and often career. Anna’s normal writing topics include how families can get the most value out of their hard earned dollars, or about how spending money on things like home security from securitychoice.com is not at all a waste of money. You can read more personal finance writing by Anna at paidtwice.com.
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Category: Money Basics