Earlier this week, I was scouring websites while seeking a small travel gift for someone. I poked around on Magellan’s, a travel gear website, and found mundane things such as eye masks and adapter/converters. Boring. Then I saw that they had RFID-blocking wallets like this one, and I did a double take. How had I not heard of these before!?
Here’s why this is an exciting feature. Many passports and credit cards are now embedded with radio frequency identification (RFD) chips. These chips contain personal information that can be hacked by clever thieves with portable RFID readers. Magellan’s wallets have “a built-in shield that prevents personal data from being accessed unless the wallet is opened at approved locations.”
Identity theft is very common when traveling. My credit card number was stolen when I was in Istanbul, and I’m still not sure how or where it happened. I hope clever products such as this make it harder for bad guys to steal our personal information and wreak havoc on our credit. Would you buy an RFID-blocking wallet? Their prices are comparable to regular wallets, so I think I would!
Keep on reading for my roundup of my favorite personal finance blog posts from the past week.
1. PT Money reviews BillGuard, a website that uses crowd-sourcing to monitor your credit card and debit card for fraudulent purchases.
2. Money Smart Life explains how debt settlement works to reduce the amount of debt you owe.
3. Newlyweds on a Budget discusses how, even though she has debt, hiring a cleaning lady made a huge positive difference in her marriage.
4. On an similar note, One Frugal Girl reveals why she, too, thinks hiring a professional cleaner is totally worth it, even if you consider yourself a very frugal person.
5. It’s not optional to save for the long-term, but Christian Personal Finance lists five situations you should save for in the short term.
6. Money $mart Guides shares five things you can do to save money this winter.
7. Do you enjoy watching Pawn Stars? Enemy of Debt reveals what you need to know if you are thinking about pawning your goods to pay off debt or save money.
8. Evolving Personal Finance discusses two budgeting philosophies — top-down and bottom-down — and discusses how to make the best of both.
9. Money Smart Life discusses why procrastinating on paying off your debt can be an expensive disaster.