digital has brought in a lot of benefits as well as threats.
you can protect your family from identity theft and other online scams.
that knowledge is power. In fact, the more you stay educated and open minded
about these things, the safer you are. Know that the two main ways that using
money online can hurt you is – deception and invasion. The risks you face while
shopping online are much, much different compared to the risks that you face
when you shop in a physical store. You not only need to protect yourself, but
also your information.
Also Read: Personal finance for Teens
Buy a good anti-malware
how many people fail to install good anti malware devices, but still they
complain about their computers and bank accounts being hacked!
critical – and absolutely mandatory that you have all your devices secured from
Viruses and other attacks.
updating your antivirus soft wares, and make sure that your PC’s security
settings are optimised.
have covered several articles on avoiding the sue of credit cards, it is
suggested that you use your credit card while shopping online, because credit
cards can be a safer choice for online shopping. When hacked, it causes less
damage than a debit card – because of the very obvious fact that it is not
directly linked to your bank account!
And more over,
credit cards have a spending limit, and thus it works both ways – you are safe
and you end up saving!
Also Read: Five money habits you need to master
credit card wisely, is extremely important because it can save you from a pit
hole of debt, later. In order to survive
the set of deadly traps, it is important that you set of essential skills that
protect you against potential pitfalls.
So, here are
some few tips with using credit cards, wisely.
You need to know
that credit cards are actually high interest incurring loans – but in disguise.
Credit card doesn’t mean easy money. In fact, it’s the exact opposite! It means
When you buy a
card, select a card that is low on interest. If you own a card that has a very
high interest rate, it means you are simply not being intelligent with your
Make sure that
you repay your credit card bills on time so that you don’t end up having a huge
pile of late fee and other penalties.
Read the fine
lines and between them when it comes to credit card agreements.
REGULAR CHECK UP
bills and statements every month or as regularly as they are needed.
Credit cards are
only tools that allow you to have your money in different ways. Use them with
some common sense and clear financial decisions. Keep track of all your bills
and purchases. Having an eye out for fraudsters can sure help keep your wealth
safe. If you notice something even remotely suspicious do not be afraid to call
the customer service up and ask for help.
It is advised
that you can cash whenever possible, and keep your credit card away as a source
of emergency fund. Minimising the use of credit cards can decrease your debt.
We know that it can be easy to pull out the card and swipe it whenever you make
a purchase, but that’s only going to make your interest rates grow out of
In short, do not
make credit cards a habit.
Do not use your
card like it is a free source of money.
POSTED BY: BALAKARTHIGA.M