I met this girl who never had an account before. She just moved to the area and needed to cash her check from her new job. No one wanted to cash it because she didn’t have a local ID. The information on her ID did not match her check stub. We went to every check cashing place in the city.
So, I told her I was taking some personal time to make sure she did not have this problem again. Luckily she found a bank that would use her out of state ID and another form of ID to open up a checking account. She set her direct deposit up but the next check she had received was a paper check. It took a couple of pay periods to get the direct deposit on track.
Since she had open a bank account she didn’t realize that if someone wrote her a check that she didn’t have to deal with the issue of finding a business or a bank to cash it. She was not stupid, she just didn’t know. She was inexperienced in this area and she is over 21 years of age.
I am shocked but there are so many other young adults that has no knowledge of the banking system itself. So, that is why I have started writing more about finances.
I may not use the huge financial system words that other blogs are website may use. I want to speak or write in common terms that any ordinary person will be able to understand. =) So, be looking for more post about finances!
TaWana S.
For many, recession has hit hard. For a few they have not been affected by recession at all. I hope that you are inspired from this post. Not only inspired but maybe leave with the sense after reading that there is something more to your life than just struggle.
In the economy the talks of recession surfaced and it was finally acknowledged what has been going on for over a year now was true. Recession was starring the U.S. right in the face. Recession can mean a number of things. Webster describes it as the act or action of receding, withdrawal; a departing procession such as clergy and choir at the end of a church service and what we have witness through the economy a period of reduced economic activity. I was told what is happening naturally reflects what is happening spiritually. No matter what your belief may be, you have to understand the revelatory matter from happenings from day to day. (more…)