Your Money Problems: Why They're All Your Fault
.Your Money Problems: Why They're All Your Fault
By Tara Struyk
I love writing about money — not because I’m obsessed with wealth (or my relative lack thereof), but because I think the way we spend our money reflects who we are, good or bad. That’s probably why I bought the very first condo I saw. I’m known to be impatient, impulsive even, in just about all things.
Was it a mistake? So far so good, but I left a lot more to fate than is probably wise in a six-figure purchase. And let’s just say that I hope to exercise a little more self control next time. Of course, whether it’ll actually work out that way is another story altogether.
But that’s really what issues that surround money are all about, isn’t it? The way we behave with our money is a lot like many other things in life — we know what we should do, but that hardly means we actually do it.
Your Money Problems: Why They're All Your Fault
By Tara Struyk
I love writing about money — not because I’m obsessed with wealth (or my relative lack thereof), but because I think the way we spend our money reflects who we are, good or bad. That’s probably why I bought the very first condo I saw. I’m known to be impatient, impulsive even, in just about all things.
Was it a mistake? So far so good, but I left a lot more to fate than is probably wise in a six-figure purchase. And let’s just say that I hope to exercise a little more self control next time. Of course, whether it’ll actually work out that way is another story altogether.
But that’s really what issues that surround money are all about, isn’t it? The way we behave with our money is a lot like many other things in life — we know what we should do, but that hardly means we actually do it.
We know we should exercise, avoid fast food, and eat more vegetables just like we know we should spend less, avoid debt, and save more of our money. Most of us struggle with both, at least sometimes.
The key to solving money problems, then, often isn’t about outside factors (like making more money). Instead, it’s about our own habits and behaviors. (See also: Party Like It's $19.99: The Psychology of Pricing)
So how can we make better choices when it comes to money? First, I think, we need to accept that our money problems are (usually) all our own fault. Then, it’s time to stop relying on self discipline and develop habits that put bad choices out of reach.
What’s the Problem?
I think the key to unraveling any money problem is to first accept that the problem is probably an emotional one. Just think about some of the money problems people tend to get into. Debt is one of the most obvious, and if you’ve ever watched Suze Orman or Dave Ramsay or Oprah address this, it’s pretty clear that debt goes much deeper than just a frivolous desire to acquire more.
For some people, a desire to give their kids all the things they never had growing up makes it impossible for them to say “no.” For others, a financial setback has them feeling too ashamed to admit they can no longer afford the lifestyle they’re used to.
To continue reading, please go to the original article here:
http://www.wisebread.com/your-money-problems-why-theyre-all-your-fault
12 Things You Should Know About Economics
.12 Things You Should Know About Economics
By Raphael Zeder | Last updated Jun 26, 2020 (Published Feb 24, 2017)
Economics affects all parts of our daily lives. So, if you want to be an informed citizen you have to know at least some of the most basic economic concepts. This will help you understand how the world works and enable you to take well-informed decisions.
Now, because we know that not everyone has the opportunity or desire to become an econ major, we have created an infographic that illustrates 12 things you should know about economics. It’s kind of like a cheat sheet for Econ 101. Have a look.
1) Microeconomics vs Macroeconomics
Macroeconomics is the study of the economy as a whole. It focuses on aggregate numbers and data for entire countries. Thus, it provides a broad perspective. Microeconomics on the other hand is the study of small economic units. It scrutinizes individuals and their decision making from a close perspective. Even though the two branches cover different areas of economics for the most part, they are highly interrelated.
12 Things You Should Know About Economics
By Raphael Zeder | Last updated Jun 26, 2020 (Published Feb 24, 2017)
Economics affects all parts of our daily lives. So, if you want to be an informed citizen you have to know at least some of the most basic economic concepts. This will help you understand how the world works and enable you to take well-informed decisions.
Now, because we know that not everyone has the opportunity or desire to become an econ major, we have created an infographic that illustrates 12 things you should know about economics. It’s kind of like a cheat sheet for Econ 101. Have a look.
1) Microeconomics vs Macroeconomics
Macroeconomics is the study of the economy as a whole. It focuses on aggregate numbers and data for entire countries. Thus, it provides a broad perspective. Microeconomics on the other hand is the study of small economic units. It scrutinizes individuals and their decision making from a close perspective. Even though the two branches cover different areas of economics for the most part, they are highly interrelated.
2) Opportunity Costs
People constantly face trade-offs. They have to make choices due to scarce resources. As a result, they can’t get everything they want, so they have to pick certain things over others. Opportunity costs describe the value of the next best alternatives that are given up during this process in order to get something else.
3) Supply and Demand
The price of a good or service is determined by its supply and demand. In most cases an increase in demand results in an increase in price, given that all other factors remain unchanged. Meanwhile an increase in supply, all else equal, results in a decrease in price. In the long run, the market reaches an equilibrium price where supply equals demand.
4) Comparative Advantage
If an economic actor has the ability to produce a good or service at lower opportunity costs than another actor, they are said to have a comparative advantage. In the presence of comparative advantage, all actors can benefit from cooperation and trade if they specialize in producing and exporting the goods and services they can produce more efficiently than others.
To continue reading, please go to the original article here:
15 Ways to Happy
.15 Ways to Happy
Jonathan Clements | July 11, 2020
WE DON’T PURSUE money just to put food on the table and a roof over our head. Instead, the hope is to enhance our life. On that score, it seems we aren’t doing terribly well: Our reported level of happiness is no higher than it was half a century ago.
Could we do better? I believe so. There’s been extensive research on happiness in recent decades. For those who want to dig into the details, you can find a great summary here. Want the Reader’s Digest version? These 15 steps could help your happiness:
1. Build wealth. Those with more income and greater wealth typically report higher levels of happiness, though there remains much debate about the precise relationship. Does the impact of money on happiness cap out at some income level? Does more money really improve day-to-day happiness—or only when we think about our standing relative to others? Whatever the case, money seems to help, so go ahead and save a little more. Your future self will thank you.
15 Ways to Happy
Jonathan Clements | July 11, 2020
WE DON’T PURSUE money just to put food on the table and a roof over our head. Instead, the hope is to enhance our life. On that score, it seems we aren’t doing terribly well: Our reported level of happiness is no higher than it was half a century ago.
Could we do better? I believe so. There’s been extensive research on happiness in recent decades. For those who want to dig into the details, you can find a great summary here. Want the Reader’s Digest version? These 15 steps could help your happiness:
1. Build wealth. Those with more income and greater wealth typically report higher levels of happiness, though there remains much debate about the precise relationship. Does the impact of money on happiness cap out at some income level? Does more money really improve day-to-day happiness—or only when we think about our standing relative to others? Whatever the case, money seems to help, so go ahead and save a little more. Your future self will thank you.
2. Avoid comparisons. While those with great wealth may get a warm glow when they ponder their bank balance, the rest of us need to tread more carefully: We may feel discontent with our lot in life if we know others have more. This is a reason to avoid living in a town where we’ll have rich neighbors, to skip restaurants we can’t really afford and to steer clear of salary discussions at the office.
3. Invest in friendship. Regularly seeing friends can give a big boost to happiness. Similarly, marriage seems to be a plus for happiness. But it appears divorce also helps, while widowhood can be devastating.
4. Get religion. Those who are religious tend to report higher levels of happiness, though the connection seems to be strongest among those with lower incomes or who live in less prosperous countries.
5. Work on your health. There’s some evidence that we adapt, at least in part, to debilitating medical conditions. Still, those in good health often report higher levels of happiness. Indeed, it appears to be a virtuous circle: Healthier people are happier—and happier people are more likely to take care of their health.
To continue reading, please go to the original article here:
Why Personal Finance Isn't Personal for Mint
.Why Personal Finance Isn't Personal for Mint
Expert Interview with Luke Landes
Since 2003, Luke Landes has been writing about personal finance and ensuring your money is wisely spent. Luke took a moment away from his site, Consumerism Commentary, to speak with us about caring for your money and why, surprisingly, personal finance isn't as "personal" as we think.
What are some common misconceptions you see about finance?
"Personal finance is personal!" Here's an interesting conundrum. One of the reasons given for an apparent lack of good financial decision-making among the public is that money-related decisions are more about emotion than mathematics. We all learn basic addition and subtraction when we're young. People with uncontrollable amounts of debt have no lack of understanding of arithmetic; this result is due to something other than the question whether a bank balance greater than zero is better than one less than zero.
Human beings simply make decisions with emotions rather than with logic. When financial literacy tries to solve the problem through education, it's often focusing on the wrong things.
Why Personal Finance Isn't Personal for Mint
Expert Interview with Luke Landes
Since 2003, Luke Landes has been writing about personal finance and ensuring your money is wisely spent. Luke took a moment away from his site, Consumerism Commentary, to speak with us about caring for your money and why, surprisingly, personal finance isn't as "personal" as we think.
What are some common misconceptions you see about finance?
"Personal finance is personal!" Here's an interesting conundrum. One of the reasons given for an apparent lack of good financial decision-making among the public is that money-related decisions are more about emotion than mathematics. We all learn basic addition and subtraction when we're young. People with uncontrollable amounts of debt have no lack of understanding of arithmetic; this result is due to something other than the question whether a bank balance greater than zero is better than one less than zero.
Human beings simply make decisions with emotions rather than with logic. When financial literacy tries to solve the problem through education, it's often focusing on the wrong things.
But here's where the constant "personal finance is personal!" drumbeat leads to a misconception. Yes, humans are emotionally-driven beings, and good financial decision-making requires more than a textbook understanding of the net worth equation, for example. This mantra is often used as an excuse to ignore good financial advice, to fully submit to emotional decision-making, and to rationalize bad ideas. It leads to the idea that while some advice is good for "most people," I am above average. A special set of rules applies to me. Chances are good that you and I both fit in well with "advice for averages."
How do you balance a good saving strategy and not be too penny-pinching? What's a sign you should loosen up a bit?
There's more to life than money. Financial writers don't want to believe that; their livelihood is based on framing all of life's interesting bits from a financial perspective. I get that. To a hammer, everything looks like a nail, and even when I write, I look for an angle that reflects my audience's expectations to read about finances. It's possible to take any good idea too far. If your penny-pinching is hurting other people, if you're making unnecessary sacrifices, or if the return you get for your time isn't high enough - and that return will decrease as you become more financially savvy - it's time to reevaluate your choices.
What are some good saving strategies you recommend for those dealing with debt?
To continue reading, please go to the original article here:
8 Places Burglars Rarely Search in a Home
.8 Places Burglars Rarely Search in a Home
More than 2 million burglaries are reported in the U.S. every year – and 66% of them are residential. When it comes to home type and seasons, burglaries run the gamuts: Renters are just as likely as homeowners to have a break-in and although warmer months see a spike in home invasions, no season is safe. With this level of prevalence and unpredictability, it’s essential that every person protect his or her belongings.
Once inside a home, smart burglars know exactly where to look first. You might think you were slick hiding your jewelry in the medicine cabinet or at the bottom of an underwear drawer, but those are actually a few of the first places burglars look when entering a home.
Instead of leaving your items vulnerable to being found in common home hiding places, check out these more covert options instead:
8 Places Burglars Rarely Search in a Home
More than 2 million burglaries are reported in the U.S. every year – and 66% of them are residential. When it comes to home type and seasons, burglaries run the gamuts: Renters are just as likely as homeowners to have a break-in and although warmer months see a spike in home invasions, no season is safe. With this level of prevalence and unpredictability, it’s essential that every person protect his or her belongings.
Once inside a home, smart burglars know exactly where to look first. You might think you were slick hiding your jewelry in the medicine cabinet or at the bottom of an underwear drawer, but those are actually a few of the first places burglars look when entering a home.
Instead of leaving your items vulnerable to being found in common home hiding places, check out these more covert options instead:
1. Wall Safe
In their haste, burglars will typically pick up an entire movable safe and take it with them to try to open later. Prevent this by installing your home safe directly into the wall. A locked wall safe is secure from burglars on the run.
2. Floor Safe
Floor safes are hard for burglars to detect and won’t take up extra space in your home. The great thing about these safes is that even if the thieves find it, they’ll have an incredibly hard time trying to remove or empty it.
3. Safe Inside a Box
If you’re partial to your moveable safe, consider disguising it; instead of leaving it out in the open, put it inside a cardboard box and place a few blankets or toys on top before closing it. Arrange the box among others in a closet, attic, or basement so it blends in and is inconspicuous.
To continue reading, please go to the original article here:
http://www.westernsafesandiego.com/blog/8-places-burglars-rarely-search-home/
"Money Is Not Special - Living Life Without Pain Is Special"
."Money Is Not Special - Living Life Without Pain Is Special"
'Happiness as a Second Language' Valerie Alexander Author
Prior to changing paths and moving to Hollywood, I had a whole other life in the Silicon Valley as a securities lawyer, a consultant, an investment banker and an Internet executive. I've spent a lot of time around a lot of money.
The one thing I learned is that money, in and of itself, is not special. It is merely an escalator. Whatever you have going on, money will escalate that. If you're naturally generous and happy, money can make you more generous and happier. If you're naturally a jack*, money will make you more of a jack*.
I was once again reminded of this yesterday when "news" broke that Amanda Bynes would be allowed supervised outings from rehab. I read the story on a popular gossip site, and of course, it was coupled with dozens of comments, almost all of which were unkind.
"Money Is Not Special - Living Life Without Pain Is Special"
'Happiness as a Second Language' Valerie Alexander Author
Prior to changing paths and moving to Hollywood, I had a whole other life in the Silicon Valley as a securities lawyer, a consultant, an investment banker and an Internet executive. I've spent a lot of time around a lot of money.
The one thing I learned is that money, in and of itself, is not special. It is merely an escalator. Whatever you have going on, money will escalate that. If you're naturally generous and happy, money can make you more generous and happier. If you're naturally a jack*, money will make you more of a jack*.
I was once again reminded of this yesterday when "news" broke that Amanda Bynes would be allowed supervised outings from rehab. I read the story on a popular gossip site, and of course, it was coupled with dozens of comments, almost all of which were unkind.
One comment in particular caught my eye, saying: "I am so sick of all these spoiled, rich celebrities. She has all the money in the world, so there's no reason for her to behave this way." To start with, this young woman clearly has mental health issues, so blaming her for the way she behaves is like blaming a diabetic for being unable to control her insulin levels. Second, none of these young celebrities making news with their behavior are anything close to spoiled.
Amanda Bynes started working when she was 7 years old. Miley Cyrus starting earning a paycheck at 10, and by the age of 11, Lindsey Lohan, who went to work at 3, was the primary breadwinner in her family.
How many of us can say that? And whether it seems glamorous or not, acting and modeling is work. It is not an extended trip to Chuck-E-Cheese, it's learning lines and being ready to perform at a moment's notice and spending hours getting your hair and makeup done, which is not nearly as much fun as it sounds.
How many things did you take up as a child, then decide you didn't like anymore and quit? Karate? Ballet? Guitar? Dungeons & Dragons? Did your parents let you quit, or was that activity supporting your entire family?
Money is not special -- getting to walk away from something you might not want to do anymore is special, especially if it's something you never chose to do in the first place. There is so much more to enjoying life than having millions of dollars, and what we would trade off for money can tell us so much about ourselves.
To continue reading, please go to the original article here:
Everything You Need to Know to Improve Your Life
.Everything You Need to Know to Improve Your Life
By Jim Rohn | December 15, 2019
“I wish for you a life of wealth, health and happiness; a life in which you give to yourself the gift of patience, the virtue of reason, the value of knowledge, and the influence of faith in your own ability to dream about and to achieve worthy rewards.” – Jim Rohn
The Person You Wish to Become
One day my mentor, Mr. Earl Shoaff, said to me, “Jim, if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.” I must admit that this was the most challenging assignment of all. This business of personal development lasts a lifetime.
You see, what you become is far more important than what you get. The important question to ask on the job is not, “What am I getting?” Instead, you should ask, “What am I becoming?” What you become directly influences what you get. Think of it this way: Most of what you have today, you have attracted by becoming the person you are today.
I’ve also found that income rarely exceeds personal development. Sometimes income takes a lucky jump, but unless you learn to handle the responsibilities that come with it, it will usually shrink back to the amount you can handle.
It is hard to keep that which has not been obtained through personal development. So here’s the great axiom of life: To have more than you’ve got, become more than you are.
Everything You Need to Know to Improve Your Life
By Jim Rohn | December 15, 2019
“I wish for you a life of wealth, health and happiness; a life in which you give to yourself the gift of patience, the virtue of reason, the value of knowledge, and the influence of faith in your own ability to dream about and to achieve worthy rewards.” – Jim Rohn
The Person You Wish to Become
One day my mentor, Mr. Earl Shoaff, said to me, “Jim, if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.” I must admit that this was the most challenging assignment of all. This business of personal development lasts a lifetime.
You see, what you become is far more important than what you get. The important question to ask on the job is not, “What am I getting?” Instead, you should ask, “What am I becoming?” What you become directly influences what you get. Think of it this way: Most of what you have today, you have attracted by becoming the person you are today.
I’ve also found that income rarely exceeds personal development. Sometimes income takes a lucky jump, but unless you learn to handle the responsibilities that come with it, it will usually shrink back to the amount you can handle. It is hard to keep that which has not been obtained through personal development. So here’s the great axiom of life: To have more than you’ve got, become more than you are.
Skills for Success in the Marketplace
The marketplace is a demanding place. There is plenty of opportunity, but you’ve got to get ready for it and prepare for it. We’ve got to spend a portion of this year getting ready for next year, and we’ve got to spend a portion of this decade getting ready for the next decade. Hopefully the reason why we’re here, looking well, doing fairly well, is because we spent a portion of the last decade getting ready for this decade.
A big share of life is spent getting ready, getting prepared, and part of it is the development of skills that make for success in the marketplace. It starts with personal development, self-improvement and making measurable progress.
Personal Development Is a Challenge
Personal development is a push. It’s a struggle. It’s a challenge. There wouldn’t be any winning without a challenge. That’s what life is all about. It’s the struggle and the challenge to develop ourselves and our skills to see what we can create in the way of value in the marketplace. It’s taking those skills and value to the marketplace and seeing what it will return for us.
To continue reading, please go to the original article here:
https://www.success.com/the-ultimate-guide-to-personal-development/
Money Has Become Associated With Greater Happiness
.Money Has Become Associated With Greater Happiness
By Tara Bahrampour July 1, 2020
A new report finds that in recent decades, having more money has become increasingly associated with greater happiness.
The Expanding Class Divide in Happiness in the United States, 1972—2016, published last week in the journal Emotion, found that among people age 30 and older, the correlation between income and happiness has steadily risen over the years.
The study used data from the General Social Survey, one of the longest-running nationally representative surveys of U.S. adults, with 44,198 participants between 1972 and 2016.
Money Has Become Associated With Greater Happiness
By Tara Bahrampour July 1, 2020
A new report finds that in recent decades, having more money has become increasingly associated with greater happiness.
The Expanding Class Divide in Happiness in the United States, 1972—2016, published last week in the journal Emotion, found that among people age 30 and older, the correlation between income and happiness has steadily risen over the years.
The study used data from the General Social Survey, one of the longest-running nationally representative surveys of U.S. adults, with 44,198 participants between 1972 and 2016.
It found a growing class divide in happiness, with the happiness of whites with no college education steadily declining since 1972, while the happiness of whites with college education stayed steady.
For African Americans, the results were different but still reflected a rising money-happiness correlation: Happiness levels of blacks with no college education has stayed steady since 1972, while the happiness of blacks with college education has increased. For both races, the happiness gap by education has grown.
Money can buy happiness — if you know how to use it
To continue reading, please go to the original article here:
States Without Income Tax: Is There a Benefit to Moving?
.States Without Income Tax: Is There a Benefit to Moving?
There are some states without income tax, and amongst many of the high income earners I know, they’d love to live in one. So much so, in fact, that I often get question marks and eye rolls when I tell them that living in California is great. Many of my friends won’t even think about California because of the state income taxes here.
However, is it really all that beneficial to live in states without income tax? That’s what I’m going to look into here, and we’ll see what the outcome is
States Without Income Tax
There are 7 states without income tax, Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Tennessee and New Hampshire also don’t tax earned income, HOWEVER, they will tax investment income. So, any interest income or dividend income will be taxed at 5% and 2% respectively (for 2019), and you’ll have to file state income tax return.
States Without Income Tax: Is There a Benefit to Moving?
There are some states without income tax, and amongst many of the high income earners I know, they’d love to live in one. So much so, in fact, that I often get question marks and eye rolls when I tell them that living in California is great. Many of my friends won’t even think about California because of the state income taxes here.
However, is it really all that beneficial to live in states without income tax? That’s what I’m going to look into here, and we’ll see what the outcome is
States Without Income Tax
There are 7 states without income tax, Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Tenneesee and New Hampshire also don’t tax earned income, HOWEVER, they will tax investment income. So, any interest income or dividend income will be taxed at 5% and 2% respectively (for 2019), and you’ll have to file state income tax return.
Everyone else charges a state income tax that you have to pay. See the chart below for the differences.
https://i.insider.com/5db1f769dee0197a792f8765?width=1200&format=jpeg
https://www.businessinsider.com/personal-finance/states-with-no-income-tax-map
There are some stark differences amongst the states as you can see in the chart. Of the states that do have an income tax, some charge a flat rate (meaning everyone pays the same percentage independent of salary), and some charge progressive rates (meaning the more you make, the more you pay). The rates in the chart reflect the highest tax rates possible in that state. For more information about that you can check out the excel chart at taxfoundation.org.
While it’s a nice thought to say you get to save money when you live in a state without income taxes, it’s important to realize something:
States Have To Make Money Somehow, So If They Aren’t Taxing Your Income, Where Is Their Money Coming From?
To continue reading, please go to the original article here:
Federal Reserve: Everything is fine. Just like in 2008
.Federal Reserve: Everything is fine. Just like in 2008
Notes From The Field By Simon Black July 9, 2020 Bahia Beach, Puerto Rico
It’s nothing but rosy news coming from the Federal Reserve.
Recently the Fed released this reassuring statement:
“The banking system remains well-capitalized under even the harshest of these downside scenarios. . .”
In other words, everything is just fine.
Yet at the same time, the Fed also announced that it would impose restrictions on bank dividends and stock buybacks, essentially preventing banks from passing along their profits to shareholders.
If those two statements strike you as completely contradictory, you’re right.
Federal Reserve: Everything is fine. Just like in 2008
Notes From The Field By Simon Black July 9, 2020 Bahia Beach, Puerto Rico
It’s nothing but rosy news coming from the Federal Reserve.
Recently the Fed released this reassuring statement:
“The banking system remains well-capitalized under even the harshest of these downside scenarios. . .”
In other words, everything is just fine.
Yet at the same time, the Fed also announced that it would impose restrictions on bank dividends and stock buybacks, essentially preventing banks from passing along their profits to shareholders.
If those two statements strike you as completely contradictory, you’re right.
To read the complete article, please go to…
Federal Reserve: Everything is fine. Just like in 2008 | Sovereign Man
To your freedom & prosperity, Simon Black, Founder, SovereignMan.com
45 Ways to Prevent Identity Theft
.45 Ways to Prevent Identity Theft
By DAVID@MONEYNING.COM
Millions of people fall victim to identity theft each year. The number seems to be decreasing the past couple of years, but even one is too many in my opinion. To prevent the possible emotional and financial stress of having your identity stolen, just praying that the government and credit report agencies will further improve their system isn’t enough.
Below are 45 precautions you can take to prevent identity theft. Incorporate these into your way of life to greatly reduce the chances of fraud knocks on your door.
>Never give out your social security number unless it’s absolutely necessary for what you need to do.
Even if you have to give it out, make sure you know for sure who you are giving it to. Being comfortable with them is not enough. Know the other party and what they do, how they will use that number and where their privacy policy is located.
45 Ways to Prevent Identity Theft
By DAVID@MONEYNING.COM
Millions of people fall victim to identity theft each year. The number seems to be decreasing the past couple of years, but even one is too many in my opinion. To prevent the possible emotional and financial stress of having your identity stolen, just praying that the government and credit report agencies will further improve their system isn’t enough.
Below are 45 precautions you can take to prevent identity theft. Incorporate these into your way of life to greatly reduce the chances of fraud knocks on your door.
>Never give out your social security number unless it’s absolutely necessary for what you need to do.
Even if you have to give it out, make sure you know for sure who you are giving it to. Being comfortable with them is not enough. Know the other party and what they do, how they will use that number and where their privacy policy is located.
Don’t carry your social security card anywhere.
Get a paper shredder so no one can piece together important information (at the very least, rip up the documents yourself).
Protect those PIN numbers – Cover the number pad when you are entering pins at the ATM machine and never tell anyone about them. Also, never use something like 1234 as your pin please.
Pay a little more for an unlisted number – Again, fewer telemarketers mean fewer chances that you can become a target.
Try to separate your personal information as much as possible – Don’t write your SSN on your checks or keeping your driver licenses with your SSN card. If something is lost, at least the crooks only have one piece of information and not everything about you.
Don’t Trust Anyone Over the Phone – Never give anything out over the phone. It’s just too dangerous.
Do not keep any sensitive information in your car – Credit cards, statements, checks are a nono.
To continue reading, please go to the original article here:
https://moneyning.com/credit/40-precautions-for-preventing-identity-theft/#more-2182