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Content and general description of blog
by Laura Hendrix - July 2, 2018
Theft can ruin your family vacation. Pick pockets, credit card fraud, identity theft
– consumers are more vulnerable when they travel. Tourists are often targets. Take
steps to keep your family finances secure while traveling. According to the Federal
Trade Commission, 2.98 million consumers submitted reports about fraud, identity theft
and other types of consumer concerns, with a loss of $905 million to fraud in 2017.
Take action to lower your risk of theft and fraud.
Here are 5 tips to safely manage your family vacation spending:
1. Carry a limited amount of cash. It’s a good idea to have some cash on hand but
limit the amount you carry. If you’re a victim of theft, cards can be cancelled and
replaced but your cash is lost forever.
Take a limited number of cards. If your purse or wallet is stolen, you’ll have fewer
cards to cancel and fewer opportunities for the thief to make fraudulent charges.
If a card is stolen, you’ll need to provide the financial institution with the card
number. For the cards you take on vacation, have the card numbers with you but stored
in a secure location.
Learn more about consumer safety, identity theft, and fraud from the Federal Trade
Commission at http://www.consumer.ftc.gov/topics/privacy-identity
Laura Hendrix, Ph.D, AFC®; Accredited Financial CounselorAssociate Professor -Personal Finance and Consumer Economics
uaexMoney is your source for reliable information. Connecting trusted research to
the adoption of best practices, we are a catalyst of prosperity. Visit www.uaex.uada.edu/Money.
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