Believe it or not, paper checks are still going strong, even in the year 2017. There's something truly timeless that comes with making a check out to someone, and it has been predicted many times in the past, paper checks are unlikely to die out anytime soon even if a lot of people don't know how to write a check the right way. They hold a prominent place in the hearts of shoppers everywhere, and they offer something that no platinum MasterCard ever could! Why are people still using checks, you ask? 1. Many small businesses in America can't afford to pay large corporations credit card processing fees. You'll probably notice that many small retailers ask that goods be paid for using either cash or check. Government and locally run organizations such as medical offices, school districts, and libraries will often make it a general rule to only accept cash or checks. 2. Checks are still the go-to payment method for most individuals when they run out of cash or forget their credit cards. In fact, when you're looking to pay money to someone you know, a check is easily personalized and carried on your person. There are plenty of digital payment methods such as PayPal, but they're not readily accepted in shopping malls and nor are they a popular method of payment. Perhaps in a few years, more retailers will allow digital payment processing companies, but up until that happens, checks are here to stay. 3. There are certain companies that provide discounts when paying for services or products using cash or check. Since there aren't exorbitant processing fees to contend with, companies can afford to charge less for the things they offer. This practice is commonplace at gas stations, for example, where you'll get a discount on your gas. 4. The only payment method that really leaves a trackable paper trail is a check. You can become more responsible with your spending as you'll think twice about where your money goes and how it's spent. Additionally, you can keep track of the people that have cashed the checks you've made out to them! It's probably shocking to many younger people that checks are still a thing, but as you can see, they offer shoppers so many often overlooked benefits. From being able to follow its paper trail to your ability to save money at a moment's notice, writing checks won't become a thing of the past anytime soon!
For some people, the idea that checks can still be made is an archaic thought. In fact, a recent article in USA Today pointed out, that sadly, most Americans don't know how to write a check anymore. In an age where everything is computer driven and digital, there are still people out there that do use checks or need to write one every once in a blue moon. Here are some things to keep in mind when writing checks: Write a valid date on top of your check. You can use several different formats to do this. Some people may write their dates completely numerical or spell out the month. The payee should never be left blank! This is the person or company that's going to receive the check. If it's a person, always write their full name as it appears on their records. If your check is written for a company, write the entire name of the company, including the titles at the end of the name. You'll see a small box with a dollar sign printed in front of it. This box is where you write the amount you're making the check out for. Make sure to use a decimal point, even if the cents are zeroed out. After writing out the money amount in numbers, you need to write it out using words. For example, $189.65 would be written as one hundred eighty-nine and 65/100. All checks contain something called the memo section, and you can use this area to let the payee know the reason for the check. If your check is being given to a company, you should by all means write your account number in case your check is separated from any paperwork. The last step is always to sign your check as you would any other legal document. Since checks are issued by the bank, it's important to use the signature you used in order to open your checking account. If you have a joint bank account, anyone that's registered to use the account may sign the check. Well, there you have it! Writing a check is easy and you can find out how to write a check to someone by following the link to a great site we found. Our world may be modern, but you can still take pleasure in the fact that you know how to properly write a check; just make sure you have the money in your account so it won't bounce.
What does your check book register look like? Is it nice and organized and contain every transaction that has been made? Or is it quite the opposite with only random things written here and there? While we all have our own personalities and way of doing things, it is quite important to keep your check book up to date for many different reasons. Continue reading to learn more about the benefits of being more organized in this area. One of the benefits of keeping your check book up to date is that you are aware of how much money you have. Many people have a feeling they can track this in their head, and while some people may have success with it, a majority of people are not successful with this method. By writing down the deposits and the expenditures, and then calculating the total on a regular basis, you will always know how much money is in your checking account. Another benefit of keeping your check book up to date, is that you will be able to see where your money is going. This can be helpful information if you want to know how you are spending your money. Many people choose to make a budget to help them make smart choices. When you know how much money you are spending on things in your life, you are able to easily create your own budget. If you find that keeping your check book up to date is a chore, you should schedule time each day or every few days to spend in your check register. By setting aside time, you can record all of your purchases and other spendings, and also add any deposits. By doing this on a regular basis, you can keep your check book up to date. You should find that after a few weeks of this, it will come more and more naturally for you to keep things up to date. In conclusion, there are many benefits to keeping your check book up to date. However, some of the most important benefits include knowing how much money you have at any given moment and also knowing where you are spending your money. Consider these things as you work to track the money you have coming in and going out and start to build healthy financial habits.