Recently I opened a checking account with my credit union. I had never done anything like it before, that is, by myself. In other words, my mom let me do the talking and 'take my life into my hands' in order to find out first hand what this account entailed. At first, my idea of the whole 'checking account thing' was a blurry one. Gradually, the pieces came together as the employee I spoke with gave me a clear explanation.
The bonus of having a checking account is convenience. Whenever you want to make purchases all you need to do is write out a check or use your debit card. Now I can use my debit card to buy things (such as clothes and food) without having to go through the tiring process of withdrawing money from my credit union, or borrowing money from my mom!
Going to the credit union and finding out these important facts for myself made me realize the importance of being financially savvy. It's a lot better for us teens to be knowledgeable about our finances now rather than wait till college. It helps to have a head start!
Find out more about my experience in the Spring 2015 edition of the Claim Your Youth newsletter.
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