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Opening A Bank Account Makes You Financially Responsible Options
AprilWood20
#1 Posted : Sunday, December 13, 2009 7:59:02 PM
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"When you’re financially responsible." That’s when my parents told me I can keep my own money. Every week they took it from me to make sure that I didn’t spend it on unnecessary things. So senior year in HS, I opened a bank account to show them I can be financially responsible (I was 18). I put more than half of my paychecks in the bank and used what I needed. My parents were very surprised that I was able to keep so much in the bank without already spending it. I surprised myself too. I was so used to spending it on clothes and gadgets. I guess having the account made me aware of all the money I’m able to save, where as, it was easier to waste it when I had it in my hands. Plus my bank card allowed me to only use it only eleven times a month and if I go over there was a fifteen dollar penalty. This kept me in check and I didn’t go crazy swiping my ATM card left and right.

When did you open up your first bank account? Did it make you more financially responsible?
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LorraineLive
#2 Posted : Thursday, June 24, 2010 5:41:55 PM
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I don't know if simply having a bank account makes someone financially responsible, automatically, I but I can certainly see what you are saying about awareness of your money.

I think anyone is this business should at least establish a personal bank account for a number of reasons. One reason being to reduce or eliminate check cashing fees or other fees associate with accessing your money.
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