How many of you just check the total and write a check when you get your credit card bills?
I told all my clients to go over their receipts and check them against the bill every month.
Extreme example but true:
I had a client who took my advice and went over his bills. No receipts, but few enough entries that he could remember what each charge was for. All that us except one. It was a charge for about $50 and it was from a company he didn’t know. It wasn’t listed in his local phone book either. He spotted the same charge again the next month, so he called the credit card company. After some checking, it turned out this was the parent company of a health club/gym that he had joined on a month by month basis.
MORE THAN TEN YEARS PREVIOUSLY!
He had attended on and off for a few months, them just stopped going.
He’d been paying for a membership he wasn’t using for more than ten years at a cost of over $600 per year, for a total wasted of more than six thousand dollars!
Please people, keep your receipts and take the time to check them against your bill. If someone is making false purchases on your card and you don;t spot it for several months, you could be held responsible for anything more than the current month.
It takes only a couple of minutes and can save you a bundle.
After all, it’s your money!
Have a great day and a better tomorrow.
-- The nicer the nice, the higher the price!