4. Don't Use Your Regular e-mail Address

While shopping online, you are asked to provide an e-mail address. Don’t give your regular e-mail address, if not besides contacting you with tracking information and order confirmations, merchants may start send you dozens of spam emails every day. Make a new e-mail address via a free provider like Hotmail, Yahoo and Gmail and use this account while registering and buying at online stores. In case you come across a spam, even if it looks like an official mail from an online retailer, don’t click them as they are meant for stealing your private information. For protecting yourself from phishing scams, always type the store's website in your browser.

More: 10 Smart Money Saving Tips

5. Practice Caution on Online Bidding Sites

In today's modern age, online bidding sites are getting very popular like eBay or Craigslist. In such sites bidding sites you come across many unknown sellers who offers goods at discounted rate. You may find the price and product very convincing but don’t jump for an immediate payment. These sites are very are prone to scammers. When you purchase online, there's the chance that your items won't arrive. Hence always insist on paying the cash on delivery and then fix your meeting in a public place where it will be convenient to take the delivery.

6. Don’t Shop using public computer

If you plan to do any shopping online, do it at home, as it much safer and convenient. At home, you can shop any time of the day or night and you would also know who accesses your computer at home. When you use a public computer - at the library, at a cyber café, or at work - to do your shopping, you have no control over who might also be using that computer. You also don’t have any control over what kind of spyware or viruses might be infecting that computer. So don’t use for shopping purpose.

Also Read: 7 Ways to Become a Crorepati