In What Your Financial Advisor Isn’t Telling You: The Ten Essential Truths You Need to Know About Your Money, our CEO, Liz Davidson, writes about the connection between our financial and physical health. In particular, financial stress is one of the leading forms of stress, which has a significant impact on our physical health and well-being. I recently made a purchase that also relates to both financial and physical wellness. It’s a cell phone case called SafeSleeve.
Aside from protecting your phone, the main purpose of the case is to protect your physical wellness by redirecting potentially harmful radiation from your cell phone away from your body. While it hasn’t been proven conclusively, many experts are concerned that exposure to this radiation could cause cancer. In fact, even the cell phone companies recommend generally keeping the phones several inches away from your body. But if you tend to keep your phone in your pocket like I do, that could be a problem. Someday, people may look back on our cell phone use the way people now look back at smoking cigarettes.
How could this case protect you financially as well? It obviously can help protect your phone from damage, which is important considering the cost of a new smartphone. If it works as intended, the value of avoiding cancer is arguably priceless.
It also includes slots to keep 3 credit or debit cards. This isn’t just for convenience though. The case acts to protect those cards from someone using an RFID reader to “skim” information from your cards and use it to make fraudulent purchases. Even if you don’t buy into the threat of RFID skimming, it can save you the expense and hassle of buying and keeping a wallet in addition to your cell phone.
So are there any downsides to the case? At about $40, it’s expensive for a cell phone case, although it was cheaper than competing radiation-blocking cases that lacked the wallet component. Another drawback is the risk of keeping your cards with your phone since if you lose it, you lose your cards too.
A third flaw is that there’s no space to hold cash. This could be a problem since some places charge more for using a card or don’t accept plastic at all. There’s also evidence that people tend to spend more with cards than with cash. Finally, I think it’s prudent to carry some cash at all times in cash of a power outage in which credit card machines and ATMs aren’t working so I end up keeping cash in a separate money clip anyway.
Maybe you’ll never drop your phone, you won’t ever have your cards skimmed, and it will turn out that cell phone radiation doesn’t cause cancer. Then again, there’s a reason we keep emergency savings, buy insurance, diversify investments, and draft estate planning documents. Sometimes it’s better to be safe than sorry. At the very least, $40 is buying me some peace of mind…and less stress.