How To Handle Money Securely In Ghana
I thought of this that why do people work hard to earn money and after, don’t think about how to handle money safely without losing it? If money not handled with safety and care, it could be lost within matter of minutes. So many people lost their hard-earned money to wrong transactions, fraudsters and robbers, and we have heard a lot of people lose their lives everyday in Ghana because money preys gunned them and took the booty or either get depressed leading to abnormalities. Your money is your property and should be protected when transacting, depositing or withdrawing. How well your money grows depends on how securely and safely you handle your cash. Cash or money handling involves the safety and secure way of keeping and spending money without losing it. Cash handling is something everyone should employ in their financial life to avoid mishaps financial mishaps.
The Relevance Of Secure Money Handling
How you handle your money is very important in the part of everyone’s life. Below are some important points of knowing how to handle money securely without losing it.
✔ Proper handling of money secures your finances, prevents you losing it.
✔ Cash handling potentially grows your finances through proper financial management.
✔ Safe handling of money prevents loss of your hard earned income to fraudsters and robbers.
✔ Prevents mishaps that could lead to depression and financial constraints.
✔ It’s an organised way of managing your money by means of “keeping an eye of your money”
Ways And How To Handle Money securely
1. Keep track of your money
It’s very important to keep an eye of your money, knowing where your money is, whether you are going to make deposits or withdrawals. You need to keep track of your money and how to safely make transactions. If you would need to deposit money into someone’s account, be it mobile money transfers, bank deposits or cheques, verify accounts well to avoid wrong transfers done. You should know who you are going to transfer money to with adequate checks on their details and how much you are going to deposit.
2. Keep less physical cash on you
For safety reasons, don’t keep a lot of money on you, whether on your wallet or pocket. This could prevent you losing huge sums of money when you are being attacked or perhaps when it’s misplaced. Keeping less physical cash on you also prevents overspending.
3. Use Cheques and bank drafts
It’s safe to choose cash cheques and bankers draft payment rather than holding physical cash for payments. Issuing cheques as payment helps you carry less cash on you thereby securing your life and finances. Bank draft is another secure way of issuing payment where you give the bank your money and then get a cheque for that amount and you give the cheque as payment. It’s the safest way of making payment without bouncing for no funds.
4. Use credit cards/debit cards
Preferably, choose using credit cards and debit cards for safe transactions and and payments. It’s easy and fast to make payments and withdrawals at any ATM service and all point of sales services. There’s less risk of losing money on your cards even if you lose your card, your money will still be intact. If attackers and money preys attacks you and takes your credit or debit card, it’s less risk they can have access to your funds.
5. Use mobile and online banking
Another secure way on how to handle money is Mobile banking, it reduces risk of robbery attack and irregular loss of cash during transactions. Mobile banking allows you to make safe transactions remotely with your mobile phone. It’s secure and private, all you need to do is to keep sensitive things such as your password safe and protected from fraudsters. Mobile banking is easy, fast and secure!
6. Irregular Timing and routes
Go to the bank at irregular time with different routes to avoid being attacked if you are being targeted by any attackers and fraudsters. Avoid passing unknown routes, avoid walking in the dark when you have money with you. Go to the bank at irregular time, that’s not to go there the same time as always. Also try to change your routes, that’s do not pass the same route you went by.
7. Be financially disciplined
You should be financially disciplined, avoid telling people when you have huge amount of money with you. Be disciplined enough to ignore unnecessary distractions in public when you are carrying money.
8. Secure means of transport
Choose a secure means of transport when carrying huge amount, it’s not advisable to carry huge amount of money on public transport where it can be spotted by fraudsters and robbers. Get a secure means of transportation to the bank.
9. Make security request
If your cash is too huge to be handled alone, make a request for security escort at any nearest police station to escort you take your money to the bank to avoid being defrauded or robbed.
10. Don’t keep huge sums of money at home
You shouldn’t keep large amount of cash at home, to protect your money, take it to the bank as soon as you receive it. Your money will be safe and secure at the bank instead of leaving it at home which could be taken away by home breakers and robbers.