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Insights for Entrepreneurs

Why you should check the payments that leave your account

 

Are you protected from crime?

 

All people like to imagine that theft and crime will never actually happen to them. Unfortunately, the truth is that everyone is vulnerable to crime. In the highly connected digital age, it’s easier than ever for hackers to gain access to your personal information by working their way into your online accounts and email folders.

 

As fraud, hacking and cybercrime become increasingly common, keeping an eye on your bank account and where your finances might be going is crucial to protecting yourself and your family. After all, if you can spot a fraudulent withdrawal instantly, then you can take action to stop a criminal before the problem grows too severe.

 

Managing your money isn’t always simple

 

Even the most cautious spenders have problems with their finances from time to time. It’s easy to assume that you have more money in your bank account than you think or make an extra purchase at the end of the month without realising how much you’ve already spent. However,, being unaware of your current balance can be dangerous. Not only could you deplete your savings, but you could also enter overdraft territory, which means that your bank account provider will start charging you interest that you can’t afford to pay.

 

By keeping track of your money on a daily basis, you can make sure that you’re defending yourself from everything from accidental overspending to fraud.

Originally posted 2017-07-10 12:54:00. Republished by Blog Post Promoter