If you're a debit card user, you know your PIN by heart. It's not unlike walking or breathing; simply put, it comes naturally to you. How do you know that your personal identification number is the perfect one, though? Did you know that there are ways you can find the perfect PIN that you can remember without others discovering? Here are 4 of the most useful financial tips that Robert Jain will be able to provide.
First and foremost, make sure that your PIN isn't overly simple. This might be a given, but you'd be amazed by the number of people that go with a number as simple as "1234." Anyone that's looking to get into your personal information will probably go for this number first, which means that you'd be wise to go with something that's more complicated. Reputable authorities on finance like Bob Jain will say the same.
Additionally, you should think about selecting a PIN based on a word that holds some relevance to you. Let's say that, for the sake of argument, that you have a dog. Your pet's name, provided it's 4 letters long, can be easily entered on a phone since they correlate to different numbers. "Nick," for example, would be "6425" on a standard phone. Keep this in mind if you're stumped on what you'd like your PIN to be.
Let's say that you have chosen the right PIN; who should you share this information with? In short, no one. Your PIN is your own information to know, and it's in your best interest to keep it to yourself. While you may think that you can trust a parent or sibling with it, there's a good chance that it can fall into the wrong hands as well. Anyone that's experienced in financial matters will tell you that it's better to be safe than sorry.
Lastly, and perhaps most importantly, you'd be wise to change your PIN on a periodic basis if you have the ability to. You don't have to do this every year, per se, but you might want to take part in this every few years. This is a great security measure that many banks recommend. Not only will it help you protect your account, but it will provide you with peace of mind that will help you in your day-to-day life.
First and foremost, make sure that your PIN isn't overly simple. This might be a given, but you'd be amazed by the number of people that go with a number as simple as "1234." Anyone that's looking to get into your personal information will probably go for this number first, which means that you'd be wise to go with something that's more complicated. Reputable authorities on finance like Bob Jain will say the same.
Additionally, you should think about selecting a PIN based on a word that holds some relevance to you. Let's say that, for the sake of argument, that you have a dog. Your pet's name, provided it's 4 letters long, can be easily entered on a phone since they correlate to different numbers. "Nick," for example, would be "6425" on a standard phone. Keep this in mind if you're stumped on what you'd like your PIN to be.
Let's say that you have chosen the right PIN; who should you share this information with? In short, no one. Your PIN is your own information to know, and it's in your best interest to keep it to yourself. While you may think that you can trust a parent or sibling with it, there's a good chance that it can fall into the wrong hands as well. Anyone that's experienced in financial matters will tell you that it's better to be safe than sorry.
Lastly, and perhaps most importantly, you'd be wise to change your PIN on a periodic basis if you have the ability to. You don't have to do this every year, per se, but you might want to take part in this every few years. This is a great security measure that many banks recommend. Not only will it help you protect your account, but it will provide you with peace of mind that will help you in your day-to-day life.