And during some of life’s bigger transitions—graduations, moves, new jobs—it’s easy to let down our guard on fraud prevention.
Living in a dorm or apartment puts you in close proximity to others. Consider using a small lock box for your valuables. And leave the Social Security card at home with your parents, Liddle advises.
That includes your phone and computer. Keep your passwords private, and change them often, Liddle says.
When you share your laptop or cell phone, you open yourself up to viruses, malware and keylogger software. “You also give that person free access to all your files, personal information, emails and possibly online banking,” Liddle says.
Never let anyone borrow your debit card, and never divulge your PIN. Don’t store your PIN on your card or in your purse or wallet. When using your debit card, watch for skimming devices on ATMs and gas station pumps, and be aware of your surroundings.
If you’re moving away to college or your first apartment, consider keeping a close and trusted family member on your financial accounts. It can come in handy, Liddle says, if you need funds transferred quickly or need someone to act on your behalf.
It seems there’s a scam for every occasion. If you’re applying for scholarships, know that you should never have to pay. If you’re searching for an apartment, never send or wire a security deposit without first seeing the place. “This is a common scam,” Liddle says.