Do you know what to do if your wallet or purse is lost or stolen?
With all the emphasis on cybersecurity, many of us have forgotten how easy it is to lose information and credit cards the old-fashioned way … through forgetfulness or theft. Keep a Record of your Wallet Contents to be able to take swift action:
- List all card names and the company phone number
- Make sure you update your Record of Wallet Contents every time a change is made
- Keep this Record in a safe, secure place such as your home safe or a locked drawer or cabinet or as an encrypted document on your hard drive.
Minimize Your Risk!
1. Do not carry your Social Security card in your wallet or any document that displays your Social Security number. The Social Security Administration recommends that you keep your card and any documents that display your Social Security number on it in a safe place.
2. Carry only necessary cards with you regularly. Take a look at all the cards you carry in your wallet. Do you need to carry all of them? If there are some you don’t use regularly, store them in a safe place until you need them. There are smartphone apps that will store numbers for you to obviate the need to carry certain store cards, and certain stores will be able to look up your number so you don’t need to carry your card.
3. Update the Record of Wallet Contents regularly. Once your wallet or purse is missing, it’s too late! It’s difficult to remember every item you carried or had with you, and even more difficult to remember the company and phone number.
4. Other valuables. You may routinely carry other valuable items like your smartphone, tablet or laptop in your purse, backpack or vehicle that may be used to access personal information and you and your family. Your date of birth, usernames or even passwords may be used fraudulently with your ID and credit cards. Keep those items’ warranties and receipts in a folder with your Record. That way you’ll have quick access to the manufacturer and price information if you need to file a police report or insurance claim.
If your wallet or purse is lost or stolen, immediately contact your banks, credit card companies and any other financial institutions. The company should record the date and time of the loss or theft to prevent any subsequent account activity or recognized it as fraud. Depending on the company policy, your account or card number may be changed and your missing cards replaced.
Free Record of Wallet Contents Form provided by Financial Divorce Plan!