What to Do When You’ve Lost Your Money

Imagine this scenario: You’re at the neighborhood supermarket, shopping for this week’s groceries. You’re at the counter about to pay, and the cashier has just informed you of your total. You reach into your bag for your wallet, only to find it missing. It hits you suddenly: you’ve lost your money! At such moments, one’s initial reaction is always to go numb. You can’t believe it happened to you. You’ve always heard of it happening to other people, but somehow, you’ve always thought it wouldn’t happen to you. But now that it has and you have no choice but to accept it, what do you do?

Steps That Will Help You When You’ve Lost Your Money

1. Don’t panic. 

lost your money
Carribean360

Losing money, especially if it’s a huge amount, can be such a downer. However, keep in mind that allowing yourself to get carried away by your emotions will only make it more difficult for you to recover it. Take a few deep breaths and clear your mind. Doing this for a few minutes will help you to calm down so you can think clearly and remember the details of what really happened, such as when you saw your money last.

2. Determine how much money you have lost. 

Knowing the exact amount that’s gone missing will help you in your search for your lost money. Aside from knowing how much you’ve lost, it will help if you know the exact denominations you had and how many pieces of each there were. This information will come in handy when you ask people about any useful information and observations they might have. 

3. Go back in time.

lost your money
fool

This advice simply means recalling when you saw your money last. Did you have it with you when you went to the grocery store? Or did you simply leave it behind and forget to bring it with you? Do everything you can to recall everything that’s of relevance to your lost money.

4. Make a thorough search.

If you remember taking your money with you to the store, simply go through your bag and pockets as you might have stashed it somewhere unknowingly. If you’ve realized that you’ve left it somewhere else, such as in your home, be prepared to make a thorough search of every possible area of your house where it could be. 

5. Trace your steps prior to when you realized the loss.

smartasset

This tip has proven to be very effective for many people. Simply going back through the same route they went through has helped them recover their missing money. They discover that they might have left their money at such-and-such a place, or the mere act of retracing might have triggered something in their memory.

All these tips will come in handy when you’ve lost your money and you want to recover it. However, the best strategy is always prevention. You want to keep a thing from happening, and even when it does happen, you want to lessen the risks. One of the things you can do is to invest in a 3G GPS tracker. You can set up such a device to your wallet or purse, and it will simply tell you their exact location in case of loss. 

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