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Money Matters: Protect Your Money Abroad
Here are a few important tips to keep in mind to help you and your money stay safe when you are traveling or living overseas.
Stay Safe Abroad by Concealing your cash
Ideally you should carry your cash in a concealed money belt. But, if that isn't
practical, here are some alternatives.
Ladies should be sure their handbag, zips up (to reduce opportunities for pick pockets), has short straps (to reduce the likelihood of someone cutting it off your arm), and is always held tight against you and clutched with one hand.
Gentlemen who carry wallets in their pockets can help ward against pick
pocketing by wrapping a thick rubber band around your wallet before putting it in
your pocket (your FRONT pocket). The rubber against your pocket will make it very difficult forsomeone to take your wallet undetected.
To protect your identity at home while living overseas, U.S. citizens can sign up for a credit
monitoring service.
Stay Safe Abroad by Protecting your personal information
Buy a cross-cut shredder and shred not only financial documents, but any and all
mail and other documents that have your full name on them.
You will be considered "rich" in most countries by Western standards and that
makes you a prime target for nefarious deeds.
Like a jigsaw puzzle criminals can piece together even small things about you, so
don't take any chances - protect yourself and your money by shredding
everything.
Request that your financial institutions stop all paper mailings to you once you
move overseas. You'll have less to shred and you'll avoid the risk of having
someone steal your financial mail before it even gets to you.
Even with these precautions identify theft can happen to you anywhere, so check
your bank statements frequently online and inform your bank immediately if you
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