It’s no secret that managing your money can be difficult. It’s especially difficult if you don’t have the proper bank account, or any bank account at all. Having a checking account can be extremely useful when it comes to saving, budgeting, and spending your money. So why should you consider opening a credit union checking account?
You don’t have to carry cash: Many people choose to carry cash around with them for purchases. Furthermore, many people store their cash at home. Unfortunately, this can be pretty dangerous if someone were to find the cash stash and take it. Additionally, carrying cash all the time can be tricky and it may not be the best way to manage your money. Most businesses nowadays accept cards or checks because that’s what the majority of people use. In fact, a 2016 Gallup Survey found that over 60% of Americans think the U.S. will become a cashless society in the future — and people will only make purchases with credit cards or other electronic payments. Having a checking account, which allows you to use a debit card or write checks, is a more secure, more convenient option.
You can better budget for bills: When you only use cash, it can be difficult to keep track of how much money you have. This, in turn, can make it difficult to budget for and pay bills. Additionally, having piles of paper bills around your house can be frustrating and can make it hard to stay organized. With a checking account, you can easily budget your money. You can even set up certain bills to be paid automatically so you know when certain bills will be paid. Online payments of bills has never been easier with a checking account. And having your money in a secure account can let you know how much money you have at all times, which can help you ensure you have enough to pay the bills.
You can manage your money conveniently: Like stated before, managing your money when you only use cash can be difficult. But having an account with a credit union bank can make money management extremely convenient. First off, receiving paychecks will be easier, as they can automatically be deposited. Additionally, you can conveniently check the status of your accounts online and immediately know how much money you have. This also makes it a lot easier to look back and see which purchases you have made recently. Overall, having a checking account is easy and convenient when it comes to managing your money.
As you can see, having a checking account can benefit you in several ways. It’s important to have an account for security and convenient purposes — so if you’re looking for a better way to manage your money, open a checking account today.