The first thing to remember about credit cards, and the most important thing, is to
not
spend more than you can afford. Once you refine that habit, credit
cards make everything easier. You don't have to carry cash, you get
receipts and a monthly statement so you know where your money went, you
can build a good credit history, and you have a backup for emergencies.
And you might even get reward points! The second most important thing
about credit cards is protecting them from theft. There are so many ways
that other can access your account, but there are also safeguards. For
example,
Never Use the Same Password on Different Accounts
Upon
waking up a few weeks ago to see that someone decided to take it upon
themselves to break into my PayPal account and transfer $3000 from my
bank account to PayPal, I was furious. Thankfully, they didn’t realize
there is a processing period and I was able to fix the issue before the
funds were deposited and anyone was able to steal them. But I had to
change all my passwords to just about everything, because I always used
the same password for all accounts (oh, don’t judge me. I have four
kids. I need easy to remember stuff). My husband was horrified when I
told him my passwords were all the same, and I’m pretty sure he
momentarily wondered why he married such an idiot.
That's just the beginning of the list of
tips for safeguarding your credit card accounts you'll find at SheBudgets.
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