The days of stuffing your money under the mattress or saving jars of coins to keep your money safe are fading away. The days of using cash for transactions will be scrutinized except for a few gas stations that give a five-cent per gallon discount. Writing, sending, or receiving a personal check will soon be a distant memory . . . experienced only by those over 30. Because we no longer mail the birthday cards with the cash or check inside. That is replaced with gift cards, instant money transfers, and social media communication.
Technology will continue to change how we view cash. Because of technology we no longer handle, count, nor touch the cash we make and spend. It is done online electronically or with the swipe of a card. Whether paying a bill online or making an online purchase, you can pay by credit or debit card . . . but not with cash! Technology will continue to change the way you bank. If you receive pay by direct deposit, there is no need to even go to the bank or wait for the bank to open. As long as you have an online banking account, or a debit or credit card with more than a $20 balance . . . you have 24-hour access to your cash.
It is imperative to be proactive and take time to investigate and research banks, credit unions, organizations, and businesses before giving them your money. . . intentionally or unintentionally! Check for any hidden fees that may be added to your transactions. Ensure the credibility and legitimacy of any communication you receive from any company before releasing any of your personal information, to prevent identity theft. In this technological world, keeping your money safe takes on a whole new meaning!
WHAT are you doing with your money?
Many people believe that if they had millions of dollars they would be happy, but most of us cannot budget the money we are earning now. Create a workable budget and stick to it. Devise a savings plan for a desired possession. Set aside funds for emergencies and unexpected circumstances. Plan for retirement and the future. Tithe.
Don’t let your money manage you . . . manage your money! Take a class, hire a financial consultant, talk to an accountant, or research about money management. Get control of your finances and watch your resources multiply!