Day: January 17, 2019

The Bible, Shakespeare and even Popeye cartoons caution us against borrowing money. We’ll lose friends, become an outcast to those around us. This may be accurate in some cases, but – and this is a big “but” – borrowing money, with a solid strategy to pay it back, is almost core to our daily lives and keeps our economy humming along. There are three main reasons why people borrow money. While businesses – and governments – borrow regularly, personal borrowing is often considered...

Joseph – Joseph comes from a family who never had a bank account. He recently started his first full-time job without a bank account of his own. He quickly discovers the inconvenience and added expense of finding locations where his paycheck can be cashed after work. Joseph and his family are not alone. Based on a 2017 FDIC survey1, an estimated 8.4 million households are unbanked. Bill – Bill appreciates the fact that he’s able to have a bank account, but it seems like the fees are...