Helping the Unbanked Save Money

Written by Ethel Robinson

The first and most basic step to financial wealth is having a checking or saving account. This setsrepparttar stage for future endeavors, such as investing, homebuying, etc. Many people are unable or locked out to do this due to past bank situations. Some mistrustrepparttar 141076 financial institution and hide their money aroundrepparttar 141077 house. Others use money orders or cash for method of payment. This group ofrepparttar 141078 population is often referred to asrepparttar 141079 unbanked. There are thousands upon thousands of people inrepparttar 141080 arena.

Some banks see this as a problem. These individual or families are potential customers, which mean more accounts, which means more money made byrepparttar 141081 institution. Suppose there are 10,000- 15,000 individuals in a city without checking accounts. At a potential eight dollars per account, per month, can add up to a hefty sum year after year. And depending onrepparttar 141082 profitability orrepparttar 141083 bank this can be big business.

Whilerepparttar 141084 banks seerepparttar 141085 unbanked as a problem,repparttar 141086 check cashing and payday loan companies see it as a windfall. These operations take advantage of an already bad situation making it worst, charging outrageous fees. Bringing inrepparttar 141087 bucks. Many of these companies are located in low income areas and prey heavily on minorities.

One way a person can save onrepparttar 141088 fees from a check cashing business or to help in his every day business transactions is purchase a prepaid debit card. These cards can be used like a credit card. One would load money onrepparttar 141089 card when needed. The difference is when using your debit or prepaid card you are using your own money. With a credit card you are using someone else money, accruing interest and a bill. These cards haverepparttar 141090 Visa and Mastercard logo and can be used anywhere these cards are accepted nationwide or internationally.

A person without a checking or saving account, can have his employer deposit money torepparttar 141091 card, eliminatingrepparttar 141092 need for a check cashing, saving money. Not only will it saverepparttar 141093 employee, it can saverepparttar 141094 employer money in check cost.

Another way a person can save money, is by transferring money to others that haverepparttar 141095 same type card for a minimal fee. Many minorities send money home weekly to families. Withrepparttar 141096 minimal transfer fee, more money can be sent home forrepparttar 141097 family. Some cards charge as little as $2.45 per transfer.

Where Is Your Arrow Aimed??

Written by Michael Lemm

Visiting my local Barnes & Noble I discovered a book called "This Glorious Quest" by Colin Pearce. Leafing thru it I found a little story that I quite liked.

Quote: Robin Hood lay dying.

Maid Marion gatheredrepparttar Merry Men to hear his last words and dying wishes.

'Good Friar Tuck', he said. 'Please open yon window that I may gaze one last time upon my beloved Sherwood.

'Sweet Marion, placerepparttar 141044 downy pillow under my shoulder that I may rest thereon.

'Little John, my old friend, hand me my trusted long bow fashioned fromrepparttar 141045 springy yew tree.

'Honest Will Scarlet, pass me an arrow crafted of birch, fletched withrepparttar 141046 feathers ofrepparttar 141047 King's grey goose.'

As each one quietly and reverently did as asked, Robin Hood gasped hi instructions, 'Now I bid thee, swear an oath on my life'.

'On thy life, old friend', they choked, struggling to hold back their tears.

As he pressedrepparttar 141048 feathered arrow shaft to his lips and drew backrepparttar 141049 bow with all his strength, Robin Hood uttered his last words. 'Your pledge: Where this arrow falls there I will be buried.'

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