It is no secret that most college students are a little thin in the wallet and the bank account.
However, just because someone has a small amount of money does not mean he should be careless with how his funds are managed.
When living paycheck to paycheck, it can be extremely easy to forego balancing a checkbook or forget how much is left in a bank account. Letting these basic record-keeping tasks slide by the wayside can have some painful penalties for students though.
For example, not remembering how much money is available in a bank account can lead to the rather embarrassing scenario of bouncing a rent check. Not only does this look bad to any landlord, but that bounced check is most likely going to carry a fee. Because there was not enough money in the account to pay for rent, chances are that having to pay that fee is not going to be an easy thing to take care of.
Being constantly aware of how much money is available could help to avoid some of these unfortunate incidents.
That is only part of the responsibility, though. Making sure others do not find out personal account information is the other.
Ignoring bank statements and leaving checkbooks around are two easy ways for someone to find out a great deal of personal and financial information about someone else. Because we all work hard for the little bit of money that we do have, it would be a crying shame for someone to have access to that cash simply because we were too lazy to handle our business carefully.
Bank statements and checkbooks should be kept in a secure place at all times, and any documents that contain account numbers should be shredded when disposed of.
These are very simple little steps to ensure that the little amount of money a college student has stays safe and available.
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