Thank Goodness for Banking

With my organizational skills, it is a good thing that banking exists. I am absolutely horrible at keeping track of all my important documents. I could not imagine having to keep track of all my money. Fortunately, banking helps me keep track of my money and even save it (to an extent).

I got my first debit card when I started my first job at the age of sixteen. My parents wanted me to start having control of my expenses so I could begin keeping track of all my money and become a little more organized. No longer was it their job to do my banking for me. It is funny because, looking back on it, having 100 dollars in my bank account was a lot of money when I was sixteen. Now, it seems like nothing at all.

I came across online banking a few years after I started using banking in general. I am so happy that I can use the internet to see what my balance is and how much money I have spent in the past month or so. Before I had online banking it was not unusual for me to overdraw my account because I could not check my balance often enough to make sure I had enough money in my account to make my own purchases.

Overdrawing an account is absolutely no fun at all. Once this happens, you are charged fee after fee until you have worked your way out of the debt. Since you probably don’t have the money to pay for all of these fees you either work your way farther and farther into debt or you have to borrow money to save yourself from being completely in debt. This is one way that banking can be a little troublesome sometimes. However, if you keep track of your expenses and make sure that you never overdraw your account, banking has only positive results.

Another reason I think banking is a positive thing is because it helps you not lose all of your money. I know that if I kept all my money as cash I would spend it as soon as I got it. The money that I am paid in cash I have a hard time holding onto long enough to even deposit it into my account. Most of the time I take it right away to my bank so I can deposit it the moment I get it which keeps me from spending it. If I don’t deposit it and don’t spend it, I always have to worry about someone stealing it. If I am carrying around a lot of money it is scary because I know if someone gets a hold of it, it is gone. Banking helps protect us from people stealing our money because even if someone does get a hold of a debit or credit card you can put a hold on the account as soon as you realize it is gone. Having all of my money secure in a banking account makes me feel at ease unlike how I would feel carrying around a stash of cash.

So, if your money is not secure through banking you should consider opening up an account. This way, your money is safe and protected and you will not spend it as soon as you get it and you can work on saving it up.

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