Despite your best efforts to keep your finances in order, you get off track at some point and time. When that happens, can you recover?
For many consumers, it only takes one significant lifetime event to get them off track.
Divorces, job loss, illness or injury and more can change the trajectory of one’s financial path.
So, are you headed for a financial disaster? If you are, how can you turn things around before it is too late?
Identity Theft May Visit You
With issues that can thwart your life, have you thought about how identity theft could change you?
Unfortunately, many fall victim to identity theft before they know what hit them. When it happens, the consequences can be devastating.
So, what steps should you be taking to thwart identity theft before you become the next victim?
Among the actions to deploy:
1. Be protected – Your top priority is making sure you have a protection plan in place to best stop I.D. theft criminals. One way to go about this is looking for an identity theft protection plan. Whether you opt to know what is lifelock standard or other such plans, become educated. With the right identity theft protection plan on your side, you are less likely to be the next victim. Such plans note suspicious activity on your credit cards, checking accounts and more. By having the right protection plan; the chances of being the next victim drop in a significant way.
2. Your info – While you do give info on everything from an airline ticket to applying for loan, be careful. Too many people become careless with their personal financial info. When they do, an identity theft thief can strike in minutes. Always know who you are giving your personal details to before divulging such info. As an example, keep an eye out for tax scams. Keep in mind that the Internal Revenue Service (IRS) doesn’t use the phone to communicate with people. As such, if you receive a phone call from someone claiming to be from the IRS, be on alert. Never give out stuff like your Social Security number and other important info.
3. Shred those papers – Shred financial and other personal documents when done with them. Not doing so can open the door for trouble sooner than later. An example of this would be your credit card receipts. Once you see the payment went through on your statement and is accurate, no need for you to keep that receipt. Don’t throw them in your garbage and set out near your home without shredding. There are criminals going through the garbage looking for a key to your finances and others.
As important as your money is to you, it is important to be smart about managing it from today forward.
This starts with taking time to assess your finances.
Look to see where there may be some weaknesses. When you identify them, do your best to address the matter or matters fast.