Skip to content

How can I keep my money safe?

You may have asked a relative, friend, or your carer to help with your finances. However much you trust that person, it’s important to know how your money is being spent.

Talking about how you would like things to be done from the start and keeping records and receipts can avoid any misunderstandings.

Here are some ways to keep control over your money:

Keep your Personal Identification Number (PIN) secret. If you give anyone your PIN, you won’t have any protection from the bank or building society if money is taken.

  • If someone does your shopping for you, write down what you asked them to buy. Ask for receipts so you can keep a record of what has been bought and hold on to these for safe-keeping.
  • Keep your old bank statements and bills. Check your bank balance regularly to ensure everything is as it should be.
  • Make sure you’re included in all decisions about your money.
  • If someone is helping you with online banking, keep your passwords and numbers hidden.
  • Before signing a cheque, make sure the amount and details of who is to receive the payment have been completed correctly. Never sign a blank cheque.
  • Don’t hide large amounts of cash in your home. Most home insurance policies only cover you for a small amount of cash. Keep your money in a bank, building society or credit union account.

Having more than one person to support you with your finances adds protection and will help prevent people from being dishonest. It also means that if one person is away or busy, you still have someone to rely on..

Further information


Our Information guides are short and easy to digest, giving a comprehensive overview of the relevant topic. Factsheets are longer with more detail, and are aimed at professionals.

You can download other guides in our series from publications

For more information: Call Age UK Advice: 0800 169 2081

This page was last updated:

Was this helpful?