ATM card: The ‘Invisible Money’ Theft.

Automated Teller Machine also known as ATM has become a widely part of human comfort and use. While it serves its purpose, we should not neglect that it has brought untold discomfort to many.

Uncontrolled spending is a target to anyone, especially newlyweds. If you are were living at home before you got married, you may be new to the world of paying bills and sharing expenses. It could also be that you and your mate might have different approaches to money. It could be a graduate who is just ready to face the world of business and being naïve about spending. You may be a school goer receiving some dole from your parents but have not learnt the financial education of money.

It is easy to overspend when you cannot see the money leaving your wallet or purse. That may be the case if you handle most of your transaction by credit or debit card, internet purchasing and electronic banking. The lure of easy credit can also make it easy for naïve spenders to overspend.

Though, discontinuing the use of ATM card and other seconded cards will not necessarily solve the problem, one should not neglect the fact that, they are money stealers and as such.

Money is not real, so excessive spending with these ‘Invisible Money’ can ruin someone even to death. The Following will prove helpful if you want to say good-bye to this theft.

1. 1.       Be true to yourself when spending and don’t overdo it
2. 2.       Have a precise budget
3. 3.       Know what you need and not want
4. 4.       Avoid area that might trigger you to overspend
5. 5.       Avoid money bleeding
6. 6.       Keep your electronic cards in appropriate check

You will be happy if you could follow the above steps, and you will be a master over you ATM cards.