18th October 2017
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March 31st, 2017 Cat: Bisnis Online

You may not realize it, but opening a checking account can have implications on your credit if you are not careful with it and are not ready for the responsibility. Most people have no problems with a checking account and it serves all of the needs they have for financial assistance. However, if you have trouble with debt, spend money when you should not, or do not realize the ramifications of messing up an account, you could end up in some trouble. Take some time to think about what you need and start out with something simple if your spending habits are less than spectacular.

Teenagers are often encouraged to go about opening a checking account when they get their first job. This is a great idea if you have a teenager that is mostly responsible and is looking forward to financial independence. Many companies, even the smallest ones, can direct deposit pay checks into checking accounts so that they money is there without the hassle of cashing that check. However, if you are not sure your teenager is ready, they can always have their check deposited in a savings account. These are safer as there are stricter rules about withdrawal of money and they can not overdraw a savings account. They can still use an ATM card for instant access.

Those that have accounts in the past that have been closed may want to think about things before opening a checking account again. Today’s accounts can come with something called overdraft protection that can be a very tricky thing. If you make a mistake once in a while, it protects you from missing payments and dents on your credit. However, some use it as a way to ‘borrow’ money that they do not have and end up unable to repay the money. Most banks close an overdrawn account within thirty days if not repaid. There are also very high fees for checks paid through overdraft protection.

If this happens, opening a checking account again in the future may be difficult. Anyone in this situation may also find it is reported on their credit report. Once the debt is repaid you may be able to get another checking account with the same bank or by going to another, but someone who has done this time and time again may find that no one wants to give them checking privileges. They may be offered savings instead. This can be great, but savings accounts do not have the same great benefits and freedoms that can come with a good checking account.

A savings account is a great new start for someone who has had trouble opening checking accounts in the past. These can work well for deposit and access to money, but you do not have any room to make huge financial mistakes through the bank. Once you have had a good run with a savings account, think about opening a checking account if you feel that you have learned better money habits and that you won’t repeat your mistakes. If you do make a mistake, ask the bank to repeal your overdraft protect, or to leave it off the account from the start, so you are not tempted to take out a loan you can not repay.

Checking Your Email

By Brenda Williams

How much is too much when it comes to checking your email? For many of us, we have multiple email accounts, which means that we have to check them multiple times each day- especially if most of our business is conducted online. For instance, whenever I am on the computer, I always have my main email account open in a tab on my web browser so that I can see when any new email comes in. It seems that anytime I'm not looking at my email, I receive a bunch of emails. But is there a limit on how often you should check your email so that it's not viewed as an obsession?

If you ask most people, it seems like you can't get one really solid answer on how much is too much when it comes to checking your email. A lawyer might check his email twenty times a day, while a stay-at-home mom might only check her email once. It seems that something as simple as checking one's email is not easily quantified. Rather, it is contingent on the person, the person's profession and how much of that person's profession and/or personal life is conducted in the virtual sense. It almost seems as if emailing someone has replaced all other forms of communication.

Can you remember the last time that you sat down and physically hand-wrote a letter to someone? What about the last time you called someone on the phone to speak to them versus writing them an email? Is email communication breaking down other forms of communication? Some would argue that this is exactly what is happening. People no longer know how to carry a conversation. They prefer to email someone over speaking to them in person or over the phone because it is less confrontational. Their attentions can be diverted to other things as they multi-task. The same thing goes for writing a letter. People prefer email because while you can be judged for spelling and accuracy, the other person on the other end of the line can't judge you based on your handwriting if it is typed up into a neat email. Whatever your opinion, there are those of us who find that our handwriting has actually gotten worse because we never have the occasion to practice it!

Email is a great form of communication, and it is certainly cheaper than calling someone or writing them a letter. However, sometimes email can become burdensome with things such as multiple accounts and spammers. One way to attack the spam problem is to utilize the "filter" option that comes with most email accounts. Also, be wary of opening mail from people you don't know. Spammers will often disguise themselves as people you may know by using the name of a friend or by addressing you by name. In some instances, opening up spam mail can cause your computer to become infected with a computer virus- something you definitely do not want. So, beware of the spammers. The next thing is to minimize the number of email accounts you have. Most email accounts provide the option of allowing you to integrate email information from a completely different email address into the new one with no problem.

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