Beyond plastic: what you need to know about banking
Adulting. It’s hard—and there’s a lot you have to learn to be a successful adult (we’re still working on it). But banking is an easy and essential skill that you can master right now.
Start by getting yourself a checking account. Really.
A recent report called Money Matters on Campus noted that students who had checking accounts were more likely to buy only things they needed, follow a budget, and pay their credit card balance in full each month.
All good things, right?
That’s because a checkbook helps keep you in “check” (pun intended). It’s a tool that keeps income and expenditures front and center—so you’re less likely to blow money you don’t have.
The Money Matters report also revealed that students with checking accounts had less financial stress and as graduates were much better at paying student loans on time.
And that’s the future we want for you.