Wallet: What to carry and what not to

        Credit cards: Ideally, says Hobson, consumers should own just one credit card. "The whole idea that you need more than one credit card is a fallacy," she says. "Cancelling your second credit card will hurt your credit score in the short term, but in the long term, it's better for you." If you have more than one, Tova recommends locking the rest in a safe. "If your wallet gets stolen, ask to have your credit card account numbers changed," she advises. Also, cut up expired credit cards. "An identity thief can still use them to steal your identity," Hobson says. "That's something people think is just harmless and it's not." less
   
  Sensitive information: Never store your PIN or your passwords in your wallet. "Surprisingly, a lot of people actually keep their debit card's PIN in their wallet right next to their debit card," Hobson says. "That's just setting yourself up for disaster."
        
        Receipts: Receipts for the week are fine, Hobson says, "but there's nothing worse than seeing a wallet stuffed with receipts from the last year." Just be careful you're not keeping receipts with too much personal information on them. Check to make sure you're not carrying around receipts that list your entire credit card number.
        
        
        
    

Thursday, June 14, 2012 by deivam P Mohanraj · 0