On the surface, making a payment with a check seems archaic. With methods like debit cards and PayPal, one would make the assumption that paper checks are outdated. This isn't exactly the case, though, as many people use them to this day. Why is this the case, you may wonder? As told by Robert Jain and other names in the world of finance, here are 4 reasons to continue using checks.
According to reputable names in finance like Bob Jain, many people rely on checks because of how surprisingly convenient they are. First, it's easy enough to record the payments you make through your checkbook. Second, if you carry checks, you won't have to worry about carrying as much cash, especially if you don't like doing so in the first place. Convenience matters, especially when it comes to financial matters.
Another reason to rely on checks is that, compared to cash, they are more secure. This is especially evident when processing payments through the mail. It's likely that you have heard stories about people sending cash to their insurance companies, retailers, or what have you, only for the mail to be tampered with and said cash being stolen. Checks possess considerably less risk in this regard, which makes them all the more worth using.
You should also know that checks are entirely trackable, too. To expand on this, if you end up losing a check through the mail, at a store, or what have you, it isn't gone forever. The reason for this is that checks can be tracked, which means that it can be replaced, resulting in no money being lost on your end. For those that use checks on a regular basis, it can be argued that this is the greatest perk that they benefit from.
It's also worth noting that checks can help people stick to their budgets better. Let's say that you're in a position where you have to write checks on a regular basis; sooner or later, you'll begin to develop an understanding of your spending habits. Ergo, you can see what you spend the most on and where money can be saved. For the sake of cutting costs, especially in the long term, checks are nothing short of beneficial.
According to reputable names in finance like Bob Jain, many people rely on checks because of how surprisingly convenient they are. First, it's easy enough to record the payments you make through your checkbook. Second, if you carry checks, you won't have to worry about carrying as much cash, especially if you don't like doing so in the first place. Convenience matters, especially when it comes to financial matters.
Another reason to rely on checks is that, compared to cash, they are more secure. This is especially evident when processing payments through the mail. It's likely that you have heard stories about people sending cash to their insurance companies, retailers, or what have you, only for the mail to be tampered with and said cash being stolen. Checks possess considerably less risk in this regard, which makes them all the more worth using.
You should also know that checks are entirely trackable, too. To expand on this, if you end up losing a check through the mail, at a store, or what have you, it isn't gone forever. The reason for this is that checks can be tracked, which means that it can be replaced, resulting in no money being lost on your end. For those that use checks on a regular basis, it can be argued that this is the greatest perk that they benefit from.
It's also worth noting that checks can help people stick to their budgets better. Let's say that you're in a position where you have to write checks on a regular basis; sooner or later, you'll begin to develop an understanding of your spending habits. Ergo, you can see what you spend the most on and where money can be saved. For the sake of cutting costs, especially in the long term, checks are nothing short of beneficial.
About the Author:
Please contact Bobby Jain for more details regarding what you have just read.. This article, 4 Reasons To Continue Using Checks, By Robert Jain is available for free reprint.
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