7 Smart Ways To Protect Your Money

Because The Only Fleece You Want To Feel Is The Fabric Kind.

- Kate Rockwood

YOU GIVE SIDE-EYE to emails from Nigerian princes who want to wire money. You know the IRS probably isn’t making phone calls to collect tax payments on a weekend. You pride yourself on your ability to sniff out phishy email attachments. But here’s the thing: Scammers are constantly evolving and testing out new tactics, so your knowhow may need an update too. Last year, Americans lost $905 million to fraud—a $63 million jump from the year before, according to the Federal Trade Commission. And though you might expect there to be a correlation between a person’s age and vulnerability, people younger than 50 actually reported losing money to a scheme more than older folks did. Use these expert-approved strategies to keep that target off your back.

1. Reject robocalls