6 Ways Social Networking Sites Facebook and Twitter Can Hurt You Financially

If you are a Facebook or Twitter user, there are some potential consequences you may be unaware of. A new job or a promotion may hinge on your internet presence – the way you portray yourself online can matter. Beware of a detailed and updated profile. For example, if you advertise that you are leaving town and a thief has access to your address, you may come home to a burglary. Bill collectors know how to find you. You are wide open to enemies who may want to tarnish your image, personally or professionally. Your information can be used in a divorce, and you can also be legally served court papers, which is a new trend that legal experts expect to continue.

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By Carrie Rattle

Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence. Read More