Money Matters: Don't keep these things in your wallet

January 13, 2017 01:30

Sponsored by NEFE

In the past decade, identity theft has grown exponentially. Fraudsters take advantage of every opening they can find to use someone else's money to get what they want. While many have grown more savvy about protecting their identity and personal information online or over the phone, it's easy to overlook more tangible ways identity thieves can get the information they need. Whether you lose your purse or wallet to a pickpocket or simply misplace them, it can cause big problems.

As Yahoo Finance reports, one of the best things you can do is keep your wallet clear of receipts. Empty them out at the end of the day, because a few pieces of paper could help identity thieves piece together enough information to take your money. Carrying more than one credit card at a time exposes you to more potential theft. Only bring along gift cards when you intend to use them. Voided checks carry critical information about your bank account and should be left at home. And never carry your Social Security card unless you're providing it to an employer when you're first hired.
 
To help your viewers/readers/listeners learn more about identity theft and securing their personal formation, interview police in your area. They can bring you up to date on the latest scams and warning signs people should know. Your local Better Business Bureau or Senior Federation may also have tips to help your audience protect their personal information.

Sponsored by the National Endowment for Financial Education
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Casey Bond from Forbes.com entered the 2016 NEFE/RTDNA awards contest with a piece about the value of a college education in today's world.