How to Protect My Earnings

1. Protect your earnings by eliminating the amount of cash you carry on your person at all times. Most bank accounts provide liability for debit and credit card purchases in case your wallet is ever lost or stolen. This is in contrast to lost or stolen cash, which has no liability protection.
2. Take advantage of your employer's direct deposit program, if available. This will allow your paycheck to deposit automatically into the bank account of your choosing. You may then carry a debit card instead of cash.

3. Check to see if your bank account is FDIC insured if you plan to save your wages. This insures your money in case anything happens to your bank. Most FDIC-insured banks insure accounts up to $250,000.
4. Speak with your bank concerning additional coverage, or spread excess money into multiple accounts. This is a better alternative to storing cash in your home or other location, as you will still receive liability coverage for unauthorized transactions and payment of this money if the bank closes.
5. Pay your bills and taxes on time to avoid any wage garnishments, thereby protecting your earnings. Garnishment can cause additional late payments toward other bills, as well as bounced checks or declined purchases. Avoid these additional fees by staying current with your bills and keeping track of your payments.