Risk Management Tip
Protect your money on vacation
Unsuspecting tourists often make easy targets for thieves. Follow these tips for keeping your money safe and your mind at ease while traveling:
- Lighten your wallet. Only carry the credit cards you’ll use and the minimum amount of cash you’ll need.
- Purchase with plastic. Cash is irreplaceable, but many credit and debit cards have zero-liability policies, meaning you aren’t responsible for unauthorized charges. Debit charges must be reported within 60 days of your statement.
- Leave nothing lying around. Never leave any valuables in your hotel room. The key cards and combinations are accessible to virtually any member of the staff. As an alternative, ask management to store your valuables in the hotel’s safe.
- Keep your connections private. Use caution connecting to personal accounts in public places like hotels or coffee shops, where your information can be stolen from unencrypted, open Wi-Fi.
For more tips on being a smarter traveler, read Laura Sherman’s Worth magazine article.