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well your social security number is the key to almost everything in your financial life and with all the data bdocHubes we have heard about safeguarding it is more important than ever tonight ways to protect yourself so you dont waste your money there are so many things that may require you reveal your social security number paying taxes getting a job accessing government benefits opening a bank or credit card account going to the doctor buying a car data security expert adam levin says it can be a disaster when that number falls into the wrong hands the social security number is the mother load for an identity thief this is the pot of gold at the end of the rainbow because you can do so many things with it for example opening credit card accounts in your name or stealing your tax refund consumer reports margot gilman says one way to protect yourself dont give out your social security number just because youre asked for it only share your social security number with those you choose