Frugalnomics

There are a lot of reasons to have a bank account, but your personal safety should be among the top.  Carrying around cash is simply dangerous to do, and when you can’t get an account at a regular bank, you’re stuck doing this every single day.  Opening up a second chance bank account is a great way to get your finances back on track, and to stop carry around cash all of the time!  In this post I want to explain why cash is so risky, and some of the reasons that a bank account will help you out.

If you think that every single person that sees you walking out of the check cashing store doesn’t know that you have a huge wad of cash in your pocket, you are gravely mistaken!  Thousands of robberies happen every year outside of these stores, simply because thieves know that you’re going to be an easy target.  It’s also not hard to see when someone has a bunch of cash on them.  Standing behind you at the convenience store when you pay for your gas will make it pretty obvious that your wallet is loaded!

Instead, put your money somewhere safe!  No, I’m not talking about your sock drawer or under your mattress, I’m talking about in the bank!  You will be able to use your debit card instead of cash, and in the case that you lose that card, any fraudulent purchases are protected against.  It just makes sense to stop worrying about cash, and switch over to the safer option.

You’re also going to have a solid way to manage your money with online banking.  Never have to go to the bank with direct deposit of your paycheck.  And the major benefit of not paying check cashing fees anymore.  Second chance bank accounts are a bit more expensive than regular ones, but they’re a hell of a lot cheaper than check cashing!

Having a stash of cash for an emergency at home is one thing, but continually carrying it around is only going to lead to trouble.  Do yourself a favor, and stop putting yourself in danger.  Get yourself a bank account, and stop worrying about getting mugged!