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.
According to Bob Jain, when it comes to choosing a PIN, you must make sure that it's easy to remember without being easily hackable. The reason for this is that if your card or account finds itself in the wrong hands, it can be accessed with a single number. Instead of going with "1234" or the same number 4 times, select a PIN that's more meaningful to you, whether it's your child's birthday, your anniversary date, or what have you.
Next, you should consider creating a PIN based on a word of importance to you. If you look at the keypad on your phone, you'll see that letters correspond to different numbers. When dialing "pork," for example, it would translate to "7675." This is just one example, of course, but you'd be surprised by how easily it is to remember a PIN when you have a word of importance that you can work from.
After you've selected the perfect PIN, make sure that you don't share it with anyone. This goes for those you trust as well, family included, since you never know when this information will land in the wrong hands. What this means is that if you're going to ask someone to pick up something from the store for you, it's better to provide them with cash than your debit card. Your financial situation will be better as a result.
Finally, if you're going to choose the right PIN, you might also want to change it every few years or so. This isn't much different from a password for your email account, as you'll want to switch it up in order to keep it from being hacked into. Once again, your new PIN should be easily remembered while still being complex enough so it's not easily discovered. For financial newbies and experts alike, this is one of the most important steps you can take.
According to Bob Jain, when it comes to choosing a PIN, you must make sure that it's easy to remember without being easily hackable. The reason for this is that if your card or account finds itself in the wrong hands, it can be accessed with a single number. Instead of going with "1234" or the same number 4 times, select a PIN that's more meaningful to you, whether it's your child's birthday, your anniversary date, or what have you.
Next, you should consider creating a PIN based on a word of importance to you. If you look at the keypad on your phone, you'll see that letters correspond to different numbers. When dialing "pork," for example, it would translate to "7675." This is just one example, of course, but you'd be surprised by how easily it is to remember a PIN when you have a word of importance that you can work from.
After you've selected the perfect PIN, make sure that you don't share it with anyone. This goes for those you trust as well, family included, since you never know when this information will land in the wrong hands. What this means is that if you're going to ask someone to pick up something from the store for you, it's better to provide them with cash than your debit card. Your financial situation will be better as a result.
Finally, if you're going to choose the right PIN, you might also want to change it every few years or so. This isn't much different from a password for your email account, as you'll want to switch it up in order to keep it from being hacked into. Once again, your new PIN should be easily remembered while still being complex enough so it's not easily discovered. For financial newbies and experts alike, this is one of the most important steps you can take.