Kailyn’s Point of View
I’ll be the first one to tell you I’ve been blessed to have parents who are financially savvy and to get the opportunity to be a part of an internship that taught me so much about money. Shout outs to my parents and to the Economic Awareness Council (EAC)!
At the age of 18, it seemed like although I was a young adult and people treated me that way, some of the terms they were using were not taught in a classroom; like FDIC and mutual funds. My parents taught me to never spend above my means, but what does that really look like at 18 when I bring home a $200 check every two weeks? I could spend that on shoes and food without blinking twice!
Well, it looks like financial planning, creating a budget and sticking to it. It looks like prioritizing what you want versus what you need and preparing for the mishaps. In order to do any of that, the first step is having a bank account. My parents made sure that I had my own bank account. Before I worked with EAC (the summer before my senior year), I didn’t know what to look for in picking a bank account. I assumed they were all the same and that’s not true. I learned that there are things you should make sure a bank has. I also learned that some people don’t understand why you should bank.
Drop some reasons on why you should have a bank account? I’ll be dropping my top 3 reasons soon.