Smart Holiday Spending: Protect Your Wallet and Your Identity

The holiday season is right around the corner… family gatherings, and shopping deals. But it’s also a time when budgets can easily get stretched and scammers look for opportunities to take advantage of distracted shoppers. By planning ahead and taking a few precautions, you can enjoy the season without overspending or putting your personal information at risk.

Create a Holiday Budget That Works

It’s easy to get caught up in the spirit of giving, but setting a clear spending plan can save you stress later.

• Make a list and set limits: Write down who you’re shopping for and assign a spending cap for each person.
• Track as you go: Use an app, spreadsheet, or even a simple notebook to log purchases and make sure you’re staying on track.
• Plan for extras: Don’t forget holiday meals, decorations, and travel expenses. Including these in your budget helps avoid surprises.

Tip: Using your BV Bank debit card tied to your checking account can help you stick to your budget and avoid carrying a balance into the new year.

Watch Out for Holiday Scams

Cybercriminals know that people are busy and distracted during the holidays. Common scams include fake shipping notifications, counterfeit gift cards, and fraudulent online stores. Protect yourself by:

• Verifying websites before making purchases – look for “https” in the web address and read reviews.
• Being cautious with emails and texts – don’t click links from unknown senders claiming shipping delays or “exclusive” deals.
• Monitoring your accounts regularly – check your online and mobile banking apps for unusual activity.

Safe Ways to Pay

Consider using tools that add layers of protection when you shop online.

At BV Bank, checking accounts with debit card access makes it easy to track your spending while giving you secure payment options for both in-store and online purchases. Plus, with our mobile banking app, you can set up alerts to spot any suspicious activity quickly. Learn more about Notifi real-time alerts: bvnb.com/notifi-alerts/

Build an Emergency Cushion

While it’s fun to be generous, it’s also wise to set aside money for the unexpected. Even putting a small amount into a savings account each payday can provide peace of mind when life throws a curveball. If you’re looking for a safe way to grow your holiday savings, a BV Bank Christmas Club is a great option.

Final Thoughts

The holidays should be a time to enjoy family, friends, and traditions, not a time to worry about overspending or fraud. By creating a realistic budget, watching out for scams, and choosing secure banking products, you can make this season both joyful and financially smart.